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


11/08/17
From the November issue: City Council member Dan Garodnick represents New York City’s 4th District, which spans a large swath of Manhattan’s East Side, from Murray...

11/08/17
...is heading to Stuy Town. Blackstone Group and Ivanhoé Cambridge, which teamed up two years ago to buy Stuyvesant Town and Peter Cooper Village...

11/07/17
From the November issue: When investment sales duo Doug Harmon and Adam Spies jumped to Cushman & Wakefield last year, it was seen as a huge...

10/18/17
From TRD LA’s fall issue: Foreign investors and developers pumped more than $8.28 billion into the commercial real estate landscape in Los Angeles County in...

10/02/17
The industry news you need to start your week, and what's ahead....

09/29/17
Gaw Capital Partners is obtaining a $170 million loan from Natixis to make one of the largest single-asset New York City hotel deals of the...

09/26/17
An analysis of Rockpoint and Brooksville's $850 million deal to purchase the Starrett City housing complex....

09/20/17
Brooksville Company and Rockpoint Group are in talks with Wells Fargo to secure about $470 million in financing for the acquisition of Starrett City....

09/11/17
The industry news you need to start your week, and what's ahead....

09/06/17
Ivanhoe Cambridge and Callahan Capital Properties are looking to sell an office building at 330 Hudson Street....

08/23/17
Canada is cooling on trophy commercial properties after years of frenzied buying....

08/08/17
New York-based rental insurance startup Jetty raised $11.5 million in a Series A funding round led by Peter Thiel's Valar Ventures....

07/31/17
...Crown Building’s upper floors into 26 residential units. Ivanhoé Cambridge and Callahan Capital Properties paid $2.2 billion in 2015 to buy 3 Bryant Park from the Blackstone...

07/31/17
UPDATED, 8:56 a.m., August 1: Macmillan Publishers is officially leaving the Flatiron Building, having signed up for 261,000 square feet at Silverstein Properties’ 120 Broadway....

07/25/17
...tied up in bankruptcy proceedings, so building owners Ivanhoé Cambridge and Callahan Capital Partners weren't able to start marketing it until recently. The subway...

07/20/17
UPDATED, July 20, 3:15 p.m.: The Blackstone Group plans to focus more of its fundraising on long-term investment funds, the firm said during an earnings...

07/18/17
...Well Fargo lent $2.7 billion to Blackstone Group and Ivanhoé Cambridge for their acquisition of Stuyvesant Town and Peter Cooper Village. 2) Last chance for refinance...

07/11/17
From the July issue: Manhattan investment sales shot up in May, hitting the highest level since June 2016. But about two-thirds of the $3.6 billion...

06/30/17
The Stuyvesant Town and Peter Cooper Village Tenants Association is railing against a plan to convert 115 units at the housing complex. Blackstone Group wants...

06/28/17
Who wants to be Rupert Murdoch’s landlord? Ivanhoe Cambridge and its U.S. partner Callahan Capital Properties are looking to sell the News Corp.’s headquarters building...

05/30/17
  Natixis is funding Ivanhoe Cambridge’s acquisition of 85 Broad Street with a $360 million CMBS loan. Ivanhoe , a subsidiary of Quebec’s public pension...

05/03/17
The largest New York City real estate loans that closed in March included a heap of refinancings but few construction financing deals. All but one...

04/26/17
Boston Properties has reached a deal to refinance the GM Building with a $2.3 billion mortgage from a group of unidentified lenders, the real estate...

04/07/17
A $350 million site for sale in Astoria, a $290 million construction loan and a record-breaking $79.5 million townhouse. In real estate, it’s all about the numbers. This...

04/04/17
Ivanhoe Cambridge is in late-stage talks to buy Goldman Sachs’ former headquarters at 85 Broad Street in Lower Manhattan for roughly $650 million. A joint...
  • 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 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 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 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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