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


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
...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...

04/06/18
...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...

04/04/18
...percent stake in the 1.28 million-square-foot office building to Fortress Investment Group, Atlas Capital Group and Westbrook Partners for $250 million in 2013. Grant was born Eugene Martin...

...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...

...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...

03/28/18
...time, is now battling with his joint-venture partners Fortress Investment Group and Dune Real Estate Partners over financing at his glassy Flatiron District condominium tower...

03/13/18
...Winthrop Realty Trust, along with Maefield Development and Fortress Investment Group. In February, Maefield and Fortress signed a contract to buy out their other partners...

03/01/18
...an LLC registered in 2008 in the care of Fortress Investment Group, records with the New York Department of State show. The purchase price works out...

02/27/18
...to a joint venture between Maefield Development and Fortress Investment Group, in a deal valuing the property at $1.53 billion. Witkoff and his partners will continue...

02/21/18
...Maefield) UPDATED, 2:24 p.m., Feb. 21: Maefield Development and Fortress Investment Group are buying out their partners Steve Witkoff, Ian Schrager, Howard Lorber's New Valley and...

02/16/18
...law firm Linklaters and the private equity firm Fortress Investment Group are also tenants at 1345 Sixth. – Eddie Small...

01/31/18
...cycle, but the redevelopment is still far off. Fortress Investment Group and Atlas Capital Group acquired the property for $540.8 million in 2012. Westbrook then took a...

01/23/18
...be acquired by spendy Japanese investment machine SoftBank, Fortress Investment Group lent $57 million in pre-construction financing to Kushner Companies for its long-delayed development site at...

01/12/18
...Michael Tepedino UPDATED, Jan. 13, 1:45 p.m.: Maefield Development, Fortress Investment Group and L&L Holding Company are looking for a $1.3 billion construction loan for...

12/26/17
...on the property is a $109 million loan that Fortress Investment Group provided in 2015, property records show. Elsewhere in the hotel market, Benefit Street Partners recently...

12/25/17
...a special servicer that is a subsidiary of Fortress Investment Group, took control of the complex on behalf of more than a dozen lenders. By...

12/08/17
...SoftBank has also said it plans to acquire Fortress Investment Group for $3.3 billion cash. The company's appetite for real estate technology investments comes from Son...

12/05/17
...Group and Ivanhoe Cambridge, Crain's reported. CWCapital, a Fortress Investment Group subsidiary, took control of the East Village housing complex on behalf of CMBS bondholders...

11/24/17
...openly livid about the personal guarantee” Harry gave Fortress Investment Group, which provided a bridge loan for the property in 2008. Michael Fascitelli, then at Vornado...

11/24/17
...Brooklyn, appears to be on its way after Fortress Investment Group gave a $35.4 million dollar loan to Ian Bruce Eichner’s Continuum Company and Joel...

11/21/17
...of renovations. Other tenants include General Motors and Fortress Investment Group. – Eddie Small...

11/20/17
...and Crown Heights (Credit: CUNY TV and Airbnb) Fortress Investment Group has given a $35.4 million loan to Ian Bruce Eichner’s Continuum Company and Joel...
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 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 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 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 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 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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