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Ivanhoé 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
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12/31/18
Earlier this month, The Real Deal took a look at the largest single-property investment sales of 2018. Now, TRD is rounding up the top 10...
12/17/18
UPDATED, Dec. 23, 1:56 p.m.: Chelsea had a pretty big year. The Manhattan neighborhood was home to New York City’s top two building sales of 2018...
12/13/18
The Blackstone Group sold one of its Bryant Park-area office buildings in a $282 million deal with Clarion Partners. Blackstone’s EQ Office subsidiary sold the...
12/03/18
The year 2000 was big one for Stuyvesant Town. MetLife, the original developers of the massive apartment complex, became a publicly traded company in April...
11/12/18
With control in Congress split following last week’s midterm elections, the Trump administration is likely to take its own steps to overhaul Fannie Mae and...
09/26/18
Cadillac is set to vacate its offices at 330 Hudson Street as it relocates its global headquarters back to Detroit. The move comes four years...
09/26/18
The co-founder and CEO of Breather has left the short-term space rental startup just months after it raised $45 million in a funding round, The...
09/21/18
...and Peter Cooper Village, owners Blackstone Group and Ivanhoé Cambridge submitted 16 such applications. In the mid-2000s, under the ownership of Tishman Speyer, the...
09/20/18
Ivanhoe Cambridge acquired its investment partner of six years, Chicago-based real estate private equity firm Callahan Capital Properties, the companies announced Thursday. The firms formed...
08/29/18
WeWork has spread like wildfire in just a few short years and now occupies more than 5.1 million square feet in Manhattan – enough to...
08/09/18
Investment sales in Manhattan and Brooklyn Manhattan investment sales retreated in June, with just over $2 billion recorded. The figure was a steep decline from...
Investment sales in Manhattan and Brooklyn Manhattan investment sales retreated in June, with just over $2 billion recorded. The figure was a steep decline from...
07/25/18
New York’s real estate lenders are pouring money into Midtown. In June, the largest loans — for refinancing, acquisition and construction — spanned projects including...
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,...
- Event Sales
- Address 1745 Broadway
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 674,000
- Price $ 633,000,000
- Publication Date 06/11/2018
- Event Date 06/11/2018
- Party 1 SL Green Realty, Ivanhoe Cambridge
- Party 2 Invesco
notes
The buyer secured the office tower for $633 million.
- Event Sales
- Address 160 West 97th Street
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 503,511
- Price $ 287,000,000
- Publication Date 04/02/2018
- Event Date 04/02/2018
- Party 1 Stonehenge Partners, SL Green Realty, Ivanhoe Cambridge
- Party 1 Brokerage Rosewood Realty Group, Eastdil Secured
- Party 1 Broker Aaron Jungreis
- Party 2 A&E Real Estate Holdings
notes
The buyer acquired the Upper West Side protfolio for $287 million.
- Event Office Leasing
- Address 1411 Broadway
- Neighborhood Garment District
- Borough Manhattan
- Square feet 13,283
- Publication Date 02/06/2018
- Event Date 01/17/2018
- Party 1 Ivanhoe Cambridge
- Party 1 Brokerage CBRE
- Party 1 Broker Paul Amrich, Emily Jones, Neil King, Patrice Meagher
- Party 2 Authentic Brands Group
- Party 2 Brokerage Benchmark Propeties
- Party 2 Broker Michael Beyda
notes
The brand development, marketing and entertainment company inked a lease at the Midtown South building.
- Event Sales
- Address 85 Broad Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 1,120,000
- Price $ 652,000,000
- Price per foot $ 582.00
- Publication Date 07/01/2017
- Event Date 06/01/2017
- Party 1 Beacon Capital Partners
- Party 1 Brokerage Eastdil Secured
- Party 2 Ivanhoe Cambridge
notes
The 30-story building in the Financial District was sold for $652 million.
- Event Financing
- Address 85 Broad Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 1,120,000
- Price $ 358,600,000
- Price per foot $ 320.00
- Publication Date 07/01/2017
- Event Date 05/30/2017
- Party 1 Ivanhoe Cambridge
- Party 2 Natixis Real Estate Capital
notes
The entity secured a $358.6 million loan, which consolidates 4 former mortgages.
- Event Office Leasing
- Address 1411 Broadway
- Unit 25 FL
- Neighborhood Garment District
- Borough Manhattan
- Square feet 16,792
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 Ivanhoe Cambridge
- Party 1 Brokerage CBRE
- Party 1 Broker Paul Amrich, Emily Jones, Neil King, Patrice Meagher
- Party 2 Charles River Associates
notes
The global consulting firm renewed and expanded its lease at 1411 Broadway.
- 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 1211 Sixth Avenue
- Neighborhood Times Square
- Borough Manhattan
- Square feet 444,000
- Publication Date 03/01/2017
- Event Date 01/15/2017
- Party 1 Ivanhoe Cambridge, Callahan Capital Properties
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Josh Kuriloff, Mitch Arkin, Ethan Silverstein
- Party 2 News Corporation
- Party 2 Brokerage CBRE
- Party 2 Broker Mary Ann Tighe, Timothy Dempsey, Ken Rapp, Christopher Mansfield, Ariel Ball
notes
The print and television conglomerate signed a lease.
- Event Office Leasing
- Address 1211 Sixth Avenue
- Neighborhood Times Square
- Borough Manhattan
- Square feet 777,000
- Publication Date 03/01/2017
- Event Date 01/15/2017
- Party 1 Ivanhoe Cambridge, Callahan Capital Properties
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Josh Kuriloff, Mitch Arkin, Ethan Silverstein
- Party 2 21st Century Fox
- Party 2 Brokerage CBRE
- Party 2 Broker Mary Ann Tighe, Timothy Dempsey, Ken Rapp, Christopher Mansfield, Ariel Ball
notes
The media company signed a replacement and extension lease.
- 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 Retail Leasing
- Address 3 Bryant Park
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 13,500
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 Ivanhoe Cambridge, Callahan Capital Partners
- Party 1 Brokerage SRS Real Estate Partners, JLL
- Party 1 Broker Mark Kapnick, Patrick Smith, Cory Zolchinski, Matt Cogel, Erin Grace
- Party 2 DaDong
- Party 2 Brokerage Newmark Grubb Knight Frank
- Party 2 Broker William Carr, Jonathan Krivine
notes
The restaurant signed a 15-year lease.
- 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 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
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 CWCapital Asset Management
- Party 1 Brokerage Eastdil Secured
- Party 1 Broker Doug Harmon
- Party 2 Blackstone Group, Ivanhoe Cambridge
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
1095 AVE OF THE AMERI
3 Bryant Park at 1095 Sixth Avenue is a 630 foot skyscraper in...
Manhattan, 10036
1211 6TH AVENUE SYNDI
1211 6TH AVENUE SYNDI
The News Corp Building was sold to Ivanhoé Cambridge, Callahan Capital Partners and...
Manhattan, 10013
90-14 51 REALTY INC.
90-14 51 REALTY INC.
Hudson Square, formerly known as the Printing District, is a neighborhood in Lower...
Manhattan, 10009
BPP ST OWNER LLC
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...
