Ivanhoé Cambridge | The Real Deal New York

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Ivanhoé Cambridge

1001, rue du Square-Victoria
Montreal, QC H2Z 2B5
(514) 841-7600
Website
ivanhoe-cambridge

Ivanhoé Cambridge, formerly known as SITQ, is a Montreal, Canada-based real estate investment fund than manages about $50 billion in assets. The name of the company is spelled with an accent, in both English and French, to underscore its francophone roots. Ivanhoé's portfolio includes shopping centers, office buildings, multi-family residential buildings, warehouses, hotels, and stakes in other real estate investment funds. In October 2015, the Canadian company agreed to acquire Stuyvesant Town housing complex in a fifty-fifty joint venture with Blackstone Group, with each firm investing $1.3 billion in equity. In October 2013, it partnered with Chicago-based Callahan Capital Partners to buy a stake in 1211 Sixth Avenue for $892 million. Ivanhoé Cambridge is a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), which manages government pension plans and insurance programs in the Canadian province of Quebec. Caisse, which acquired Ivanhoé in 1990, represents the retirement interests of about 8 million Canadians. As of 2015, its chairman and chief executive was Daniel Fournier. MK


07/18/18
  The year 2000 was big one for Stuyvesant Town. MetLife, the original developers of the massive apartment complex, became a publicly traded company in...

07/16/18
Canadian pension fund manager Caisse de dépôt et placement du Québec has invested $250 million in Avison Young, which plans to use the capital injection...

06/21/18
UPDATED, 11:20 a.m., June 25: A subsidiary of Blackstone Group is putting another one of its office buildings near Bryant Park on the block. EQ...

06/18/18
Constantine (“Dean”) Dakolias is co-chief investment officer of the credit funds group at Fortress Investment Group, the Midtown-based investment manager that SoftBank acquired for $3.3...

06/11/18
Short-term private space rental company Breather raised $45 million in a new funding round. Menlo Ventures, which also led the company’s $40 million Series C...

Constantine (“Dean”) Dakolias is co-chief investment officer of the credit funds group at Fortress Investment Group, the Midtown-based investment manager that SoftBank acquired for $3.3...

05/25/18
From the Archives: On Oct. 3, 2008, Daniel Herzberg, a British expatriate in Spain, called his bank, the Icelandic Landsbanki, to ask if his money...

05/15/18
If anyone knows what it’s like to be Blake Hutcheson, the CEO of Oxford Properties Group, it’s probably his counterpart at Ivanhoe Cambridge. Hutcheson and...

If anyone knows what it’s like to be Blake Hutcheson, the CEO of Oxford Properties, it’s probably his counterpart at Ivanhoe Cambridge. Hutcheson and ...

04/12/18
In 2016, Pfizer embarked on a daunting task: a search for both the buyer of its longtime two-building headquarters on East 42nd Street and for...

04/11/18
SL Green Realty and partner Ivanhoe Cambridge are in contract to sell the office portion of 1745 Broadway for $633 million, or $939 per square...

04/02/18
As the city’s multifamily market gains steam, A&E Real Estate Holdings has resumed tackling monster deals. A&E closed Friday on the purchase of a three-building,...

03/30/18
...partners, affiliates of APG Asset Management, GIC and Ivanhoé Cambridge. 1111 Lincoln 3. 1111 Lincoln Price: $283 million Buyer: Bayerische Versorgungskammer via CBRE Global Investors-Americas Seller: Starwood Capital...

03/05/18
Blackstone Group is selling another one of its trophy office towers along Bryant Park. Savanna signed a contract late last week to acquire 5 Bryant...

03/02/18
A&E Real Estate Holdings is acquiring a trio of rental buildings on the Upper West Side for at least $180 million. The Stonehenge Village complex...

02/22/18
After winning an assignment last summer for an outer-borough multifamily package, Aaron Jungreis jogged his memory for potential buyers. “You always go to that top...

02/15/18
Boston-based investment manager AEW Capital landed a $180 million loan for its acquisition of Hudson Square office tower 330 Hudson Street. The lender for the...

02/06/18
From the February issue: Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.” But when the city’s top investment sales...

UPDATED, Feb. 14, 2:20 p.m.: Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.” But when the city’s top...

01/31/18
A 685,000-square-foot office condominium at 1745 Broadway near Columbus Circle hit the market with a $650 million price tag. SL Green Realty and Ivanhoe Cambridge...

01/25/18
The multifamily market in New York City had one of its worst years in recent history in 2017, according to an Ariel Property Advisors report....

01/05/18
...terms of the 2015 deal, buyers Blackstone Group and Ivanhoé Cambridge pledged to keep 5,000 apartments affordable in Stuyvesant Town and Peter Cooper Village for 20 years...

01/02/18
Ivanhoe Cambridge is in contract to sell a 470,000-square-foot Hudson Square office building at 330 Hudson Street to AEW Capital Management for $385 million, The...

12/29/17
Bye-bye, billions. In 2017, office towers continued their dominance among New York City investment sales, but the deals were often smaller than in recent years....

12/25/17
From the archives:In August 1947, as the first tenants were moving into Stuyvesant Town-Peter Cooper Village, workers installed a small metal plaque on the west...
  • Event Office Leasing
  • Address 1411 Broadway
  • Unit 25 FL
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 16,792
notes
The global consulting firm renewed and expanded its lease at 1411 Broadway.
  • Event Office Leasing
  • Address 1211 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 777,000
notes
The media company signed a replacement and extension lease.
  • Event Office Leasing
  • Address 1211 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 444,000
notes
The print and television conglomerate signed a lease.
  • Event Financing
  • Address 1745 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 685,000
  • Price $ 375,000,000
  • Publication Date 03/01/2017
  • Event Date 01/15/2017
  • Party 1 SL Green Realty, Ivanhoe Cambridge 
  • Party 2 Bank of China
notes
The partnership refinanced its interest in the office property with a $375 million loan.
  • Event Office Leasing
  • Address 330 Hudson Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 37,358
  • Publication Date 11/01/2016
  • Event Date 09/15/2016
  • Party 1 Callahan Capital, Ivanhoe Cambridge
  • Party 2 Deloitte Digital
  • Party 2 Brokerage CBRE
  • Party 2 Broker Mark Ravesloot, Freddie Fackelmayer
notes
The digital advertising subsidiary of Big Four accounting firm Deloitte signed a sublease.
  • Event Sales
  • Address 1095 Sixth Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 1,200,000,000
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 Ivanhoe Cambridge
  • Party 2 Real Summit Investment
notes
The Hong Kong-based firm bought a minority stake for $1.2 billion.
  • Event Sales
  • Address 330 Hudson Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 467,830
  • Price $ 317,800,000
  • Price per foot $ 679.00
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Beacon Capital Partners
  • Party 2 Ivanhoe Cambridge, Callahan Capital
notes
A 51 percent interest sold for $317.8 million.
  • Event Sales
  • Address 1121 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,000,000
  • Price $ 913,000,000
  • Price per foot $ 456.00
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Beacon Capital Partners
  • Party 2 Ivanhoe Cambridge, Callahan Capital
notes
A 49 percent interest sold for $913 million.
  • Event Retail Leasing
  • Address 3 Bryant Park
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 13,500
notes
The restaurant signed a 15-year lease.
  • Event Retail Leasing
  • Address 3 Bryant Park
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 2,200
  • Publication Date 07/01/2016
  • Event Date 05/15/2016
  • Party 1 Callahan Capital Properties, Ivanhoe Cambridge
  • Party 1 Brokerage JLL
  • Party 1 Broker Patrick Smith, Matthew Ogle
  • Party 2 Pandora
  • Party 2 Brokerage JTRE Holdings
  • Party 2 Broker Jack Terzi
notes
The jewelry company signed a 20-year lease.
  • Event Sales
  • Address Stuyvesant Town-Peter Cooper Village
  • Neighborhood Stuyvesant Town
  • Borough Manhattan
  • Price $ 5,300,000,000
notes
The 11,200-unit famous housing complex sold for $5.3 billion.
Manhattan, 10013
330 Hudson Street is a 16-story office building in the Hudson Square area...
Manhattan, 10036
1095 AVE OF THE AMERI
3 Bryant Park at 1095 Sixth Avenue is a 630 foot skyscraper in...
Manhattan, 10036
1211 6TH AVENUE SYNDI
The News Corp Building was sold to Ivanhoé Cambridge, Callahan Capital Partners and...
Manhattan, 10013
90-14 51 REALTY INC.
Hudson Square, formerly known as the Printing District, is a neighborhood in Lower...
Manhattan, 10009
BPP ST OWNER LLC
Stuyvesant Town and Peter Cooper Village, nicknamed Stuy Town, is a residential development...

With all of the trades, windfalls, setbacks and wildcards, New York City’s rental market  can often resemble a big round of Monopoly. But in the...

Two firms dominated the high-value commercial mortgage brokerage business in New York City last year: Eastdil Secured and Meridian Capital Group, an...

New York City had a stellar year in 2015 for building sales — with massive properties like Stuyvesant Town-Peter Cooper Village and 11 Madison trading...

01/19/16
UPDATED: 3:25 p.m., Jan 20. 2016: Related Companies and Oxford Properties saw 10 Hudson Yards’ “market value” – assessed for tax purposes – grow by...

12/31/15
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...

12/11/15
From the December issue: Manhattan investment sales began 2015 with several monster transactions, led by Ivanhoe Cambridge’s January purchase of 1095 Sixth Avenue for $2.2...

11/05/15
The revenue for Stuyvesant Town and Peter Cooper Village has risen steadily over the past few years, and one path to growth has been the...

The market for big packages of multifamily buildings may have less sex appeal than the fancy condos adorning Billionaire’s Row, but the sector is going...

New York City real estate is never short of mantras and catch phrases, but few have taken hold of the industry’s collective mind like “safe...

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

...the Canadian real estate investment and development firm Ivanhoé Cambridge on the $2.2 billion purchase of 3 Bryant Park. That deal helped to catapult Callahan to...

Low interest rates, brisk sales, a more active commercial mortgage-backed securities market and white-hot land prices helped drive a surging investment sales market in 2014...
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