Fortress Investment Group | The Real Deal New York

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Fortress Investment Group

1345 Sixth Avenue, 46th Floor
New York, NY 10105
(212) 798-6100
Website
grunte@fortress.com
Fortress Investment Group

Fortress Investment Group is a publicly owned investment manager that counts real estate among its more than $70 billion in assets under management. The group has more than 1,600 institutional investor clients and offices in New York City, Philadelphia, Los Angeles, Italy, Singapore, and Hong Kong. Founded in 1998, Fortress has had its ups and downs in recent years. The firm went public in 2007, just months before it would suffer major losses (like many fellow private equity firms) during the economic downturn in 2008. Seven years later in 2015 Fortress would close its flagship hedge fund after heavy losses due to Brazil’s flailing market but also open another real estate fund, which it capped at $1 billion. Later that year Fortress sold its stake for $5.3 billion in the Stuyvesant Town Peter Cooper Village apartment complex (which had been owned by Fortress subsidiary CWCapital). Fortress had acquired CWCapital in 2010 in a bid to get deeper into the commercial real estate market). Today, Fortress’ holdings include Alabama’s Inverness Corners retail center, which it purchased in 2014, and has helped finance condos and other buildings around New York City


08/17/18
...fixed-income strategies. Last year, MetLife teamed up with Fortress Investment Group to buy investment management firm Logan Circle Partners for $250 million. – Eddie Small...

08/10/18
...Aaron of Socius Development Group, Spencer Garfield of Fortress Investment Group and Joseph Korff of The Arc Companies. Also on Aug. 15, Future of Real Estate...

07/20/18
...in cash to acquire the global asset manager Fortress Investment Group. Still, Wilson challenged the media's portrayal of SoftBank as a money tree with little...

07/06/18
...portfolio in 2007 with one-year loans from Deutsche and Fortress Investment Group. When the loans came due and the market turned the following year, Macklowe failed...

...become vital to developers. Between Maefield Development and Fortress Investment Group’s Edition hotel at 701 Seventh Avenue and 1568 Broadway, a hotel project also known as...

06/18/18
...investment officer of the credit funds group at Fortress Investment Group, the Midtown-based investment manager that SoftBank acquired for $3.3 billion last December. That all-cash deal...

06/06/18
...was reviewed by The Real Deal. Maefield Development, Fortress Investment Group and L&L Holding Company plan to close the Palace Theatre and the...

06/01/18
...investment officer of the credit funds group at Fortress Investment Group. To read the June issue of TRD, click here or on the “Magazine” tab...

...investment officer of the credit funds group at Fortress Investment Group, the Midtown-based investment manager that SoftBank acquired for $3.3 billion last December. That all-cash deal...

05/29/18
...line up a $25 million to $35 million loan from Fortress Investment Group, according to New York. But after Fortress decided to send employees to Switzerland to...

05/29/18
...purchased for $26.6 million in March 2016. Ian Bruce Eichner, Fortress Investment Group and Dune Real Estate Partners’ 45 East 22nd Street pulled in the week’s No...

05/16/18
...Katerra, and acquired real estate investor and lender Fortress Investment Group for $3.3 billion in cash earlier this year.  In its April issue, The Real Deal...

05/15/18
...bought out Bauman and brought in Westbrook Partners, Fortress Investment Group and Atlas Capital Group. Six years later, the investors bought out Grant’s remaining...

05/09/18
...Partners. Hudson co-founder Spencer Garfield, who left for Fortress Investment Group in 2015, said he’s provided Hager with 12 acquisition loans at both companies. “He hustles...

05/08/18
...Jersey City, BofI put up funds to finance Fortress Investment Group’s $57 million bridge loan to Kushner Companies. That two-tower project has been plagued by...

05/07/18
...that hit the market in 2012. Ian Bruce Eichner, Fortress Investment Group and Dune Real Estate’s 45 East 22nd Street recorded the week’s No. 3 contract...

...bought out Bauman and brought in Westbrook Partners, Fortress Investment Group and Atlas Capital Group. Six years later, the investors bought out Grant’s remaining...

...Partners. Hudson co-founder Spencer Garfield, who left for Fortress Investment Group in 2015, said he’s provided Hager with 12 acquisition loans at both companies. “He hustles...

05/01/18
...development. The Jersey City loan was issued by Fortress Investment Group and BofI purchased an interest in the loan from Fortress. In its statement, BofI...

04/27/18
...TSX Broadway with L&L Holding and Fortress Investment Group and the 20 Times Square tower with Fortress, Steve Witkoff and other partners. The estimated...

04/26/18
...rest is SoftBank’s $3.3 billion all-cash purchase of Fortress Investment Group — a major Manhattan property investor and lender — at the end of last year. While...

04/17/18
...some money,” Randall Shy, a managing director at Fortress Investment Group, testified earlier this month in a court hearing over control of the project. “Nonetheless...

04/12/18
...scored a win in his battle with partners Fortress Investment Group and Dune Real Estate for control of their Flatiron District condominium tower. A Manhattan...

04/10/18
...conglomerate acquired the New York-based asset management firm Fortress Investment Group in a $3.3 billion all-cash deal in December. To get a closer look, The Real...

04/06/18
...a shortfall of over 20 percent,” a representative for Fortress Investment Group, which is a partner on 45 East 22nd Street with Dune Real Estate Partners, wrote...
Fortress Investment Group, Managing Director
1345 Avenue of the Americas, 46th Floor, New York, NY, (212) 798-6100
Benjamin W. Michelson is the managing director of Fortress Investment Group, LLC, a...
Fortress Investment Group, Co-Chief Investment Officer
1345 Avenue of the Americas, 46th Floor, New York, NY, (212) 798-6100
Constantine M. Dakolias is the managing director and co-chief investment officer of the...
  • Event Sales
  • Address 701 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 369,864
  • Price $ 1,530,000,000
notes
The partnership acquired the Midtown West Marriott Edition Hotel for $1.53 billion.
  • Event Financing
  • Address 217 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 316,287
  • Price $ 235,000,000
notes
The developer secured a one-year $235 million land loan to extend its previous loan.
  • Event Sales
  • Address 1002 Brighton Beach
  • Neighborhood Manhattan Beach
  • Borough Brooklyn
  • Square feet 16,603
  • Price $ 11,400,000
notes
The former Chase Bank retail location was sold for $11.4 million.
  • Event Sales
  • Address 2909 West 17th Street
  • Neighborhood Coney Island
  • Borough Brooklyn
  • Square feet 23,000
  • Price $ 3,800,000
notes
The former Chase Bank retail location was sold for $3.8 million.
  • Event Sales
  • Address 819 Grand Street
  • Neighborhood East Williamsburg
  • Borough Brooklyn
  • Square feet 13,357
  • Price $ 5,900,000
notes
The former Chase Bank retail location was sold for $5.9 million.
  • Event Retail Leasing
  • Address 9 Dekalb Avenue|340 Flatbush Avenue Extension
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 185,000,000
notes
A $185 million combined loan was arranged for the two buildings.
  • Event Financing
  • Address 45 East 22 Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 372,000
notes
A $420 million deal was arranged. 60-story, 83-units.
  • Event Office Leasing
  • Address 1345 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 40,563
notes
The global investment management firm signed a six-month extension.
  • Event Office Leasing
  • Address 1345 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 42,259
notes
The investment management firm signed a six-year lease.
  • Event Sales
  • Building Name Sheffield57
  • Address 322 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 20,000,000
notes
The condo building sold at a foreclosure auction last month for $20 million. Fortress, a Manhattan-based hedge fund that previously acquired more than $100 million in defaulted loans at the building, made the lone bid at the auction, giving it total control over the Sheffield57 holding company. After buying the defaulted mortgage loan and senior mezzanine loan, Fortress advanced several million dollars to help pay off common charges and unpaid mechanic's liens that Swig had accumulated. Swig purchased the property for $418 million in 2005 with majority investors Yair Levy and Serge Hoyda.
  • Event Office Leasing
  • Address 1345 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 40,423
Manhattan, 10019
Rose Associates, RSP 57 PROPERTY LLC
The sponsor(s) filed plans on 06/22/05 for a condo project at 322 West...

...Wesley Edens, founder of Midtown-based private equity firm Fortress Investment Group. Fast and furious With limited inventory, the fight for listings is intense. But once...

...Xinyuan Real Estate announced a $165 million loan from Fortress Investment Group at the condo 421 Kent. And last month, Los Angeles-based Est4te Four obtained a...

...the plan the whole time; Rose, along with Fortress Investment Group, came in after Swig Equities lost the property to help convert it from rentals...

...That’s because the buyers — a partnership of Fortress Investment Group, Atlas Capital Group and Westbrook Partners who purchased the property from long-time investor Eugene...
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