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Elad Group
Elad Group is a private real estate investment company controlled by Israeli billionaire Isaac Tshuva. In the U.S., it operates as El Ad US Holding and is run by President and Chairwoman Orly Daniell and chief executive Udi Erez. Its New York projects include the 11-story condominium building at 21 Astor Place and the five-story ONeill Building at 655 Sixth Avenue, a landmarked former department store being converted into condos, including five penthouses. In 2004, the firm, formerly known as Elad Properties, acquired control of the Plaza Hotel on Central Park South for $675 million. Elad invested between $300 million and $400 million in a gut renovation in order to convert the 805 hotel rooms into a mix of about 200 condos and 150 hotel rooms. Prices paid for some of the condos, while high, have since been eclipsed by the needle skyscraper towers, like One57, on Billionaires' Row.
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05/11/17
...the condominium, being developed by Silverstein Properties and Elad Group.
Silverstein launched sales at the 42-story tower in June 2015. The 246-unit project is part...
04/04/17
...West 43rd Street (Credit: ODA)
Yitzhak Tshuva’s Elad Group locked in $90 million in construction financing for a Hell's Kitchen condominium project.
Israel-based Bank...
01/03/17
...his partner, the Israeli-based American real estate company Elad Group, purchased a 13-story building at 108 Leonard Street from the city for $160 million.
The deal...
11/30/16
...raising bonds in Israel for the first time. Elad Group, a Midtown-based firm, filed a prospectus seeking to raise up to $60 million Wednesday, and...
08/02/16
...Fame member scored the 4,410-square-foot Penthouse A at Elad Group’s building for $10.3 million, records filed Tuesday show.
The four bedroom, 4.5-bath apartment has...
07/19/16
...converted to condos by the prior owner, the Elad Group .
Why the need to sell? Majority owner Sahara India Pariwar, led by embattled Subrata...
06/21/16
...Prince Alwaleed bin-Talal, who passed it to the Elad Group. Roy paid Elad $575 million for a 75 percent stake in the hotel in 2012. – E.B...
06/20/16
...Waldorf-Astoria and Wu Xiaohui (inset)
In 2004, after the Elad Group paid $675 million for the Plaza Hotel, it poured another $400 million into the iconic property...
06/08/16
...Naftali, whom he worked under since joining the Elad Group in 2005. “But it’s really that time in our career where we’re ready...
04/01/16
...bells toll: Don Peebles’ Peebles Corp. and Israel-based Elad Group.
A judge ruled Thursday that the developers cannot electrify the inner workings of a...
03/29/16
...bin-Talal, who in turn passed it to the Elad Group, based in Israel.
The property in question includes the Plaza’s hotel rooms, restaurants...
03/17/16
...million. Campbell sold it for $675 million to the Elad Group, who converted the property into high-end condominiums.
Chinese insurer Anbang Group, which bought the...
02/29/16
...to convert it to Condos along with the Elad Group.
Peebles' lawyers called the claim "frivolous" at the time, and filed a motion to...
02/10/16
...mezzanine loan to a condominium conversion by the Elad Group and the Peebles Corporation at 108 Leonard Street in January.
Asked about the price point...
02/04/16
...The 215-unit, 42-story tower was developed by the Elad Group.
The buyer was identified as Amundsen LLC, which the Post reported is a foreign...
01/08/16
...The developer partnered with Israel-based real estate firm Elad Group on the project, which will be designed by architects Beyer Blinder Belle.
The redevelopment...
09/24/15
...apartments across two projects in the three-year span.
Elad Group, Toll Brothers and Naftali Group rounded out the top 10, with Miki Naftali’s eponymous...
09/03/15
...cut him out and instead brought in the Elad Group as a partner.
According to Hoeg, Peebles passed on the other two properties and...
07/21/15
...units as the second-largest project, Silverstein Properties and Elad Group’s 246-unit 1 West Avenue in Lincoln Square, according to state AG filings made between...
07/01/15
...The 59th Street building would be neighbors with Elad Group and Silverstein Properties’ 42-story 1 West End Avenue, which has 246 apartments.
In April, Extell and...
06/23/15
...developing into a hotel and condominiums with the Elad Group.
Newhouse said he is owed at least $3 million -- the equivalent of a 5 percent...
06/04/15
...is up and running at Silverstein Properties’ and Elad Group’s One West End Avenue in Lincoln Square, part of the massive five-building Riverside...
02/13/15
...a 43 percent discount.
5. 250 West Street
A penthouse at Elad Group...
01/13/15
...site in 2013. Today, he is partnering with the Elad Group on the nearly $500 million conversion of 108 Leonard Street. In all, Peebles has approximately $2 billion...
01/09/15
...bought its stake in the Plaza from the Elad Group for $600 million in 2012. Kingdom Holding Co., controlled by Saudi billionaire Prince Alwaleed bin Talal...
- Event Residential Sales
- Building Name 5 Franklin Place
- Address Unit 14C, 5 Franklin Place
- Unit 14C
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 1,451
- Price $ 2,522,714
- Price per foot $ 1,738.60
- Publication Date 03/22/2016
- Event Date 03/08/2016
- Party 1 Elad Group
- Party 1 Entity Broadway 371, LLC
- Event Residential Sales
- Building Name 5 Franklin Place
- Address Unit 11C, 5 Franklin Place
- Unit 11C
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 1,451
- Price $ 2,300,736
- Price per foot $ 1,585.62
- Publication Date 03/17/2016
- Event Date 03/07/2016
- Party 1 Elad Group
- Party 1 Entity Broadway 371, LLC
- Event Residential Sales
- Building Name 5 Franklin Place
- Address Unit 10A, 5 Franklin Place
- Unit 10A
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 1,688
- Price $ 3,617,333
- Price per foot $ 2,142.97
- Publication Date 03/31/2016
- Event Date 03/03/2016
- Party 1 Elad Group
- Party 1 Entity Broadway 371, LLC
- Party 1 Entity L'Appartement Tribeca, LLC
- Event Residential Sales
- Building Name 5 Franklin Place
- Address Unit 11A, 5 Franklin Place
- Unit 11A
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 1,813
- Price $ 3,808,764
- Price per foot $ 2,100.81
- Publication Date 03/15/2016
- Event Date 02/29/2016
- Party 1 Elad Group
- Party 1 Entity Broadway 371, LLC
- Event Residential Sales
- Building Name 5 Franklin Place
- Address Unit 10D, 5 Franklin Place
- Unit 10D
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 1,472
- Price $ 2,802,733
- Price per foot $ 1,904.03
- Publication Date 02/02/2016
- Event Date 01/14/2016
- Party 1 Elad Group
- Party 1 Entity Broadway 371, LLC
- Event Residential Sales
- Building Name 5 Franklin Place
- Address Unit 10B, 5 Franklin Place
- Unit 10B
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 688
- Price $ 985,411
- Price per foot $ 1,432.28
- Publication Date 01/05/2016
- Event Date 12/14/2015
- Party 1 Elad Group
- Party 1 Entity Broadway 371, LLC
- Party 2 Jennie Angela Sargente, As Trustee; Marie Mustillo, As Trustee; Michael A. Mustillo, Iii, As Trustee; The Article Sixth Trust (Credit Shelter Trust); The Jennie Angela Sargente Revocable Grantor Trust
- Event Residential Sales
- Building Name 5 Franklin Place
- Address Unit 10C, 5 Franklin Place
- Unit 10C
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 1,427
- Price $ 2,064,502
- Price per foot $ 1,446.74
- Publication Date 12/28/2015
- Event Date 12/14/2015
- Party 1 Elad Group
- Party 1 Entity Broadway 371, LLC
- Party 1 Entity Daniel Investors LLC
- Event Sales
- Address 655 Saint Nicholas Avenue
- Neighborhood Hamilton Heights
- Borough Manhattan
- Square feet 80,000
- Price $ 9,500,000
- Price per foot $ 118.75
- Publication Date 04/01/2014
- Event Date 02/20/2014
- Party 1 Elad Group
- Party 2 Harlem Academy
- Party 2 Brokerage Denham Wolf Real Estate Services
- Party 2 Broker Stephen Powers
notes
The property sold for $9.5 million.
- Event Retail Leasing
- Building Name Fifth Avenue and Central Park South
- Address 1 West 58th Street
- Neighborhood Central Park South
- Borough Manhattan
- Square feet 4,720
- Publication Date 04/01/2012
- Event Date 02/21/2012
- Party 1 Elad Group
- Party 1 Brokerage In-house
- Party 2 Angelo Galasso
- Party 2 Brokerage Crown Acquisitions
- Party 2 Broker Ralph Chera, Jordan Barker
notes
The menswear designer signed a lease for retail space at the Plaza Hotel's Edwardian Room.
- Event Sales
- Address 250 West Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 300,000
- Price $ 201,000,000
- Price per foot $ 670.00
- Publication Date 01/01/2008
- Event Date 11/22/2007
- Party 1 Elad Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Richard Baxter, Ron Cohen, Scott Latham, Jon Caplan
- Party 2 Coalco
notes
The property sold for $201 million. The Russian developer, led by Vassily Anisimov, could convert the building to residential use. Elad paid $142 million to Citigroup for the property in June 2006.
- Event Sales
- Building Name Plaza Hotel
- Address 768 Fifth Avenue
- Neighborhood Central Park South
- Borough Manhattan
- Price $ 500,000,000
- Publication Date 11/01/2005
- Event Date 09/22/2005
- Party 1 Elad Group
- Party 2 Prince Alaweed bin Talal
notes
The sale of the non-condo part of the Plaza, worth $500 million, is subject to the approval of the state attorney general's office, which could come as soon as the end of October. Prince Alaweed sold the Plaza for $675 million in August 2004.
- Event Sales
- Address 21 Astor Place
- Neighborhood Noho
- Borough Manhattan
- Square feet 10,000
- Price $ 13,000,000
- Price per foot $ 1,300.00
- Publication Date 07/01/2004
- Event Date 05/22/2004
- Party 1 Elad Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Yoav Oelsner, Charles Kingsley, Jon Epstein
- Party 2 Eli Gindi-led group
Manhattan, 10010
Elad Group, 225 5TH, LLC
Elad Group, 225 5TH, LLC
The Grand Madison building at 225 Fifth Avenue, smack dab in the middle...
Manhattan, 10019
Elad Group, CPS 1 REALTY LP
Elad Group, CPS 1 REALTY LP
The Plaza, formerly known as the Plaza Hotel, is a residential condominium building...
Manhattan, 10023
Elad Group, RIVERSIDE CENTER SITE 5 OWNER LLC
Elad Group, RIVERSIDE CENTER SITE 5 OWNER LLC
1 West End Avenue, or Riverside Center Building 5, is a currently under...
...Real Estate Group, the Chetrit Group, and the Elad Group.
Still, any oversupply of inventory or a dip in the market could force developers...
07/21/15
...units as the second-largest project, Silverstein Properties and Elad Group’s 246-unit 1 West Avenue in Lincoln Square, according to state AG filings made between...
Manhattan, 10019
Elad Group, CPS 1 REALTY LP
Elad Group, CPS 1 REALTY LP
The Plaza, formerly known as the Plaza Hotel, is a residential condominium building...
Manhattan, 10023
Elad Group, RIVERSIDE CENTER SITE 5 OWNER LLC
Elad Group, RIVERSIDE CENTER SITE 5 OWNER LLC
1 West End Avenue, or Riverside Center Building 5, is a currently under...
