Goldman Sachs | The Real Deal New York

The Real Deal New York

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Goldman Sachs

200 West Street
New York, NY 10001
(212) 902-1000
Website
Goldman Sachs

Goldman Sachs is one of the biggest banks in the United States with $34.21 billion in revenue in 2013 and $912 billion in assets. As such, it is one of the biggest financiers of real estate development in the nation, including in New York City.

The projects that Goldman Sachs have helped finance in the city include the skyscraper next to the Museum of Modern Art and the ultra-luxury condo 15 Central Park West. The banks also deals heavily in bonds backed by real estate. Moreover, Mayor Bill de Blasio in December 2013 picked former Goldman Sachs executive Alicia Glen to be deputy mayor for housing and economic development.

The bank has also developed its own real estate, namely its 44-story global headquarters at 200 West Street in downtown Manhattan, which opened in 2009.

Goldman Sachs was founded in 1869 in New York. The bank is led by chairman and CEO Lloyd Blankfein. -TA


01/19/17
Steven Mnuchin defended his business strategies as CEO of Pasadena’s OneWest Bank at his confirmation hearing on Thursday, despite the antagonism of Senate Democrats. He...

01/19/17
...and Beacon Capital Partners are looking to sell the former Goldman Sachs headquarters at 85 Broad Street. (more&hellip...

01/18/17
When the city brokered a $201 million deal to sell the Riverton in 2015, officials touted it as a major victory. A&E Real Estate Holdings...

01/08/17
UPDATED, 4:02 p.m., Jan. 8: Jared Kushner is poised to step down as CEO of Kushner Companies, his attorney told the New York Times. The...

01/04/17
Michael Fascitelli has taken over Cadre’s investment committee as its chair and senior adviser. The former Vornado Realty Trust CEO will now approve all deals...

12/30/16
UPDATED, 2:00 p.m., Jan. 3: What a difference a year makes. In 2015, seven Manhattan condominium plans projecting total sellouts north of $1 billion were accepted by...

12/28/16
House flipping is back, and a growing number of banks are jumping on the trend. The number of flipped homes in the U.S. reached the...

12/27/16
UPDATED, Dec. 28, 4:50 p.m.: Manhattan’s real estate finance industry had a rough start to 2016, as global bond-market turmoil brought CMBS lending to a...

12/22/16
...numbers provided to the New York Attorney General’s Office, Goldman Sachs estimates only 30 percent of the occupied-room nights are actually hotel...

12/21/16
Aby Rosen’s RFR Realty has landed $245 million in loans for a Midtown office building it took over earlier this year. Tags: 285 madison avenue,...

12/19/16
Jared Kushner and his family are worth an estimated $1.8 billion, roughly half of which comes from their real estate holdings. Tags: Charles Kushner, Jared...

12/14/16
The ultra-luxury market may be slow, but that’s not stopping one owner at 15 Central Park West from listing a sprawling penthouse for $59 million....

12/13/16
Wall Street is Europe’s biggest new landlord. Consequently, it’s also viewed as one of the biggest adversaries of homeowners and renters. Tags: blackstone group, European...

12/08/16
...Avenue Vornado Realty Trust locked down a $400 million loan from Goldman Sachs for its 571,000-square-foot office tower at 350 Park Avenue. The 10-year...

11/21/16
When Donald Trump heads to Washington, D.C. next year, he’ll have the power to influence – both at the White House and the agencies he...

11/18/16
Updated, 5:41 p.m., Nov. 18: In just the latest example of Manhattan’s dipping luxury market, an Upper East Side townhouse has sold for $19 million,...

11/11/16
We’re really starting to see where the estimated $20 billion price tag for Hudson Yards comes from. The largest real estate loans that closed in...

11/01/16
“Don’t be jerky,” Steven Roth told Gary Barnett. “It’s not even close.” Sitting among other industry titans at Bloomberg LP’s headquarters last spring, Roth was...

10/25/16
It was supposed to be an occasion to tout the growth of construction in New York City. But the conversation at the New York Building...

10/21/16
New York Insulation, the company Lightstone Group has selected to remove asbestos at its East Village hotel development site, has a poor history of safety...

10/13/16
You can’t say that negotiating big lease deals are child’s play. The Children’s Museum of Manhattan has pulled out of talks to take about 70,000...

10/11/16
...be far bigger than previously thought, according to investment bank Goldman Sachs. (more&hellip...

09/27/16
Forget Decision 2016. The real estate world is dealing with its own version of a political attack ad. A 16-page presentation and YouTube video sent...

09/22/16
Coach once owned its space at 10 Hudson Yards. But in August, the company sold its ownership in the project to German insurer Allianz and...

09/20/16
Leonard Stern’s Hartz Group refinanced its signature property at 667 Madison Avenue with a $254 million loan from Deutsche Bank, according to property records filed...
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  • Event Financing
  • Address 350 Park Avenue
  • Neighborhood Central Midtown
  • Borough Manhattan
  • Square feet 30
  • Price $ 400,000,000
notes
The company secured a loan for its fully lease office and retail building.
  • Event Financing
  • Address 15-01 86th Street
  • Neighborhood Bensonhurst
  • Borough Queens
  • Price $ 97,000,000
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Crown Acquisitions
  • Party 2 Goldman Sachs
notes
The company secured a $97 million loan and includes 6628 18th Avenue, 38-02 Junction Boulevard and 329 Wyckoff Avenue.
  • 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 Sales
  • Address 767 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 1,400,000,000
notes
[EMPTY]
  • Event Retail Leasing
  • Address 102 North End Avenue
  • Neighborhood Battery Park City
  • Borough Manhattan
  • Square feet 2,150
  • Publication Date 07/01/2011
  • Event Date 05/22/2011
  • Party 1 GS Site 25 Retail
  • Party 1 Brokerage Goldman Sachs
  • Party 2 Bloom Flowers
  • Party 2 Brokerage Sinvin Real Estate
  • Party 2 Broker Christopher Owles, ChristopherJohnson
notes
The florist signed a 10-year lease. The reported asking rent was $75 per square foot.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 25,227
  • Price per foot $ 40.00
  • Publication Date 05/01/2011
  • Event Date 03/22/2011
  • Party 1 Goldman Sachs
  • Party 2 William J. Clinton Foundation
  • Party 2 Brokerage CBRE
  • Party 2 Broker Keith Caggiano, Roshan Shah
notes
Former President Bill Clinton's foundation signed a two-year sublease and an eight-year direct lease with the landlord.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 100,000
  • Price per foot $ 35.00
notes
The telephone services provider subleased four full floors.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 25,000
  • Price per foot $ 35.00
notes
The insurance company signed a sublease for one floor.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 37,500
  • Price per foot $ 35.00
notes
The healthcare insurance company inked a sublease for two full floors.
  • Event Financing
  • Address 1428 Fifth Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Publication Date 02/01/2010
  • Event Date 12/23/2009
  • Party 1 L+M Development Partners
  • Party 2 Goldman Sachs, Department of Housing Preservation, Development
notes
A $27.7 million construction loan was provided for the rehabilitation of the affordable housing complex. The project will provided new facilities and upgrades for the Section 8 rental building, including a new roof, new EnergyStar appliances and a new building-wide ventilation system. 120-unit apartment building.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 75,000
  • Price per foot $ 35.00
notes
The law firm subleased three full floors.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 9,700
  • Price per foot $ 80.00
notes
The ING Group subsidiary inked a five-year expansion lease for space on the ninth floor. The company currently occupies about 200,000 square feet on the 11th through 15th floors.
  • Event Sales
  • Building Name GM Building
  • Address 767 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,900,000
  • Price $ 2,800,000,000
  • Price per foot $ 1,473.68
notes
The tower sold for $2.8 billion, or about $1,474 per square foot. The deal broke the record for the highest price ever paid for a single office building, previously held by Kushner Companies' $1.8 billion purchase last year of 666 Fifth Avenue. Macklowe Properties sold the GM Building to help pay off overdue short-term debt on the seven Midtown office buildings Macklowe bought in a highly leveraged deal last year. Macklowe purchased the trophy tower for $1.4 billion in 2003. Boston Properties acquired a 60 percent stake in the GM Building, paying around $890 million in cash and assuming the $1.9 billion in debt, due to mature in 2017. The Boston Properties-led group also paid around $1.1 billion for three other Macklowe office properties in Manhattan (see below).
  • Event Sales
  • Address 540 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,440,000
  • Price $ 1,100,000,000
  • Price per foot $ 763.89
notes
The three office towers sold for around $1.1 billion as part of a larger deal that included the $2.8 billion sale of the GM Building. The portfolio includes the 632,305-square-foot building at Two Grand Central Tower, the 540,000-square-foot tower at 125 West 55th Street and the 272,532-square-foot property at 540 Madison Avenue.
  • Event Office Leasing
  • Address 180 Maiden Lane
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 800,000
  • Publication Date 07/01/2008
  • Event Date 05/22/2008
  • Party 1 Goldman Sachs
  • Party 2 AIG
notes
The insurance and financial services company subleased 30 floors of space from Goldman Sachs, which is preparing to relocate to its new headquarters in Battery Park City. AIG plans to move in completely by 2011.
  • Event Sales
  • Building Name Helmsley Building
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 1,336,000
  • Price $ 1,150,000,000
  • Price per foot $ 860.78
notes
Istithmar sold the building for $1.15 billion, or $840 per foot. The Dubai-based investment holding company had bought it at the end of 2005 for $705 million.
  • Event Sales
  • Address 417 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 392,000
  • Price $ 250,000,000
  • Price per foot $ 637.76
notes
The building sold for $250 million, or $638 per square foot. The 95-year-old property includes 80,000 square feet of air rights.
  • Event Financing
  • Address 590 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,000,000
  • Publication Date 03/01/2007
  • Event Date 01/20/2007
  • Party 1 State Teachers Retirement System of Ohio
  • Party 1 Brokerage Sonnenblick-Goldman
  • Party 2 Goldman Sachs
notes
A $350 million loan, which represents less than a 30 percent loan-to-value ratio, was made to the pension fund. The former IBM Building also has three levels of retail space. Tenants include IBM, Akin Gump Strauss & Field, Smith Barney, Lovells, Bank of America and Tourneau. 43-story office building.
  • Event Financing
  • Address 6 Columbus Circle
  • Neighborhood Midtown West
  • Borough Manhattan
  • Publication Date 10/01/2006
  • Event Date 08/22/2006
  • Party 1 Thompson Hotels
  • Party 1 Brokerage Commercial Realty Group
  • Party 2 Goldman Sachs
notes
A $28 million loan was secured to complete the renovation of the 88-room hotel, which will feature a Blue Ribbon restaurant and a rooftop bar. It is slated to open at the end of 2006. Luxury boutique hotel
Manhattan, 10282
GOLDMAN SACHS HEADQUA
...
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245 Fifth Avenue is a 24-story, 307,418-square-foot office building at the corner of...
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Manhattan, 10005
Financial District, also known as FiDi, is a neighborhood on the southern tip...
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15 Central Park West, also known as 15 CPW, is a high-rise residential...
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53W53, also known as the MoMA Expansion Tower and previously called Torre Verre,...

12/30/16
UPDATED, 2:00 p.m., Jan. 3: What a difference a year makes. In 2015, seven Manhattan condominium plans projecting total sellouts north of $1 billion were accepted by...

12/27/16
UPDATED, Dec. 28, 4:50 p.m.: Manhattan’s real estate finance industry had a rough start to 2016, as global bond-market turmoil brought CMBS lending to a...

11/11/16
We’re really starting to see where the estimated $20 billion price tag for Hudson Yards comes from. The largest real estate loans that closed in...

09/22/16
Coach once owned its space at 10 Hudson Yards. But in August, the company sold its ownership in the project to German insurer Allianz and...

12/27/15
The Federal Reserve has finally lifted interest rates from 0% and after nine years without a rate hike. The potential ramifications of the policy move...

For decades, Staten Island development was a largely local affair. While the borough’s population has exploded in the 50-plus years since the Verrazano- ...

Just about everyone in the New York City real estate industry knows — or at least think they know — about the city’s priciest deals....

They’ve brokered billions of dollars in deals, broken records, and launched companies. And they’ve all done it all in a cutthroat and unforgiving industry that’s...

A crop of new big blocks of office space will keep the Lower Manhattan market in the running when it comes to wooing large tenants,...

New York office leasing improved significantly over the past year. But the steady pace of deals wasn’t enough to fill all the large blocks of...

As summer ramps up in the Hamptons, the results of the winter buying season are coming into focus. Much like New York City, the vacation-home...

Source: Information from Cassidy Turley, CBRE, and news sources. Numbers are for portions of building, not entire towers. Three years ago, with the country in the...

Economic clouds gathered on the horizon last month, amid legislative battles over the country’s debt ceiling and talks of layoffs at major financial firms. Still,...

The agreement by publisher Condé Nast to lease 1 million square feet at One World Trade Center underscored a trend of companies willing to move...

In February, Midtown suffered its slowest month of office leasing in nine months, prompting brokers to wonder whether the poor performance was the result of...

Despite new glimmers of hope for landlords battered by months of bad news, tenants with good credit remain firmly in control of the Manhattan office leasing market,...

The Downtown office market, a hot topic at a major summit held last month on the World Trade Center site, has held up better than the...

A recent deal involving shadow space — blocks of space that are available for leasing but have not been formally returned to the market — was a...

Layoffs from the bankruptcy of Lehman Brothers, the sale of Merrill Lynch to Bank of America and the government takeover of American International Group should create another...

Small spaces continue to shuffle through the market, holding up ...

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Reports of Downtown's death as a commercial center may be greatly exaggerated. ...
Manhattan, 10019
Hines, THE MUSEUM OF MODERN
53W53, also known as the MoMA Expansion Tower and previously called Torre Verre,...
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