JEMB Realty | The Real Deal New York

The Real Deal New York

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JEMB Realty

150 Broadway, Suite 800
New York, NY 10038
(212) 608-5100
Website

JEMB Realty is a privately held real estate firm based in Lower Manhattan, founded in 1990 by Morris Bailey and Joseph Jerome. JEMB, an affiliate of Montreal-based firm BUSAC Real Estate and Helm Equities, owns and operates more than 6 million square feet of property, including self-storage, industrial and hotel properties. The firm converted the underperforming 75 Broad Street near the New York Stock Exchange into a revitalized commercial office space location. JEMB also has invested in energy, telecommunications and financing with investments in commercial real estate debt and equity, as well as partnered with Gomes Gaming to purchase the flailing Resorts Casino Hotel in Atlantic City. In 2012, JEMB purchased the leasehold interests of Daffy's during the discount retailer's bankruptcy. The interests included 125 East 57th Street, a site in Times Square and the retailer's Herald Square storefront location. In 2015, JEMB announced plans to develop at least 400,000 square feet of commercial space in a tower at 420 Albee Square in Brooklyn's tech triangle, space the firm purchased the previous year for almost $40 million.


11/16/18
...in taking control of the building. That included JEMB Realty, preferred-equity investor Paramount Group and Jamestown, which sought an outright purchase. The building, which...

10/29/18
...year. The Carlyle Group bought 72 Caton Place from JEMB Realty in the spring for $23 million, and Sentinel Real Estate Corporation sold a roughly 100,000-square-foot...

10/16/18
...The Gap declining to renew its lease, landlord JEMB Realty asked lender AIG to negotiate a modification for its $275 million loan on 60 West 34th...

09/18/18
...tall and contains 554 units. 3) Willoughby, Part I – $235 million JEMB Realty landed the No. 3 spot with a $235 million construction loan for One Willoughby Square. Canadian-based...

09/05/18
...large block of retail vacancy along 34th Street. JEMB Realty — the landlord at 60 West 34th Street (aka 1282 Broadway) — informed lender AIG that the lease...

07/23/18
...Square and Morris Jerome of JEMB (Credit: DBOX) JEMB Realty has landed a $235 million construction loan for One Willoughby Square. The loan comes from...

06/26/18
...Frey Management for $33.7 million and the sale of JEMB Realty’s building at 72 Caton Place to the Carlyle Group for $23 million. Correction: An earlier...

05/31/18
...has purchased 72 Caton Place in Windsor Terrace from JEMB Realty for $23 million, according to property records. JEMB purchased the property last year for $15.2 million...

05/10/18
...different would-be buyers over the past year, from JEMB Realty and Jamestown nearing an outright purchase to preferred-equity investor Paramount Group negotiating to take...

04/20/18
...ago on Herald Square. The 63,000-square-foot space at JEMB Realty’s 1293 Broadway is the Swedish retail giant’s biggest shop in the world. A...

02/09/18
...stake in them for $85 million. 5) 72 Caton Place, Brooklyn JEMB Realty’s plans for a 113,887-square-foot self-storage site at 72 Caton Place in Kensington took the...

02/06/18
...Capital and RXR Realty’s 237 Park Avenue and JEMB Realty’s 75 Broad Street, for example, could have each joined the year’s list of...

...Capital and RXR Realty’s 237 Park Avenue and JEMB Realty’s 75 Broad Street, for example, could have each joined the year’s list of...

01/26/18
...tower in Downtown Brooklyn it was co-developing with JEMB Realty. The announcement touted the project — 420 Albee Square, now marketed as One Willoughby Square — as...

12/29/17
...to be a 36-story office tower. In September, JEMB Realty filed plans for a 385,457-square-foot office building at 420 Albee Square, which it's calling "One...

12/20/17
...the Downtown Brooklyn office tower it's designing for JEMB Realty. One Willoughby Square will be completed in 2021, the New York Post reported. A school...

11/21/17
...sell the leasehold to interest bidders such as JEMB Realty and Jamestown Properties. Those deals fell through and Paramount Group, which has a preferred-equity...

10/17/17
...to Downtown Brooklyn, including a 37-story building from JEMB Realty at 420 Albee Square and another component of the City Point development with 458 residential units...

10/05/17
...Whitlock Avenue (Credit: Google Maps, KPF and DCP) JEMB Realty may have dramatically scaled down its plans for a tower at 420 Albee Square, but...

10/04/17
...In mid-May, news broke that Morris Bailey’s JEMB Realty was looking to pony up $350 million to close on the building’s leasehold. It...

...In mid-May, news broke that Morris Bailey’s JEMB Realty was looking to pony up $350 million to close on the building’s leasehold. It...

09/29/17
...Broad Street and $250 million in CMBS debt for JEMB Realty’s 75 Broad Street. The bank also was one of the lenders on Extell Development's...

08/18/17
...school — $56.5 million French bank Natixis loaned $56.5 million to JEMB Realty for their project at One Willoughby Square, also known as 420 Albee Square. The planned...

07/21/17
...Towers in Long Island City, and $60 million for JEMB Realty and Forest City Ratner's One Willoughby Square office project in Brooklyn. EB-5 investors generally...

06/16/17
...currently holds. Jamestown Properties and Morris Bailey’s JEMB Realty are also said to be in the running for the property. Paramount is “bleeding...
  • Event Retail Leasing
  • Address 1293 Broadway
  • Neighborhood Herald Square
  • Borough Manhattan
  • Square feet 808
  • Publication Date 12/30/2018
  • Event Date 12/26/2018
  • Party 1 JEMB Realty
  • Party 1 Brokerage CBRE
  • Party 1 Broker David LaPierre, Kristen Crossman
  • Party 2 Innisfree
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Christian Stanton
notes
The Korean beauty brand inked a lease for the Herald Square space.
  • Event Financing
  • Address 420 Albee Square
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 500,000
  • Price $ 235,000,000
  • Publication Date 07/23/2018
  • Event Date 07/23/2018
  • Party 1 JEMB Realty
  • Party 2 Otéra Capital
notes
The owner secured a loan of $235 million for the Brooklyn Heights property.
  • Event Sales
  • Address 72 Caton Place
  • Neighborhood Windsor Terrace
  • Borough Brooklyn
  • Price $ 23,000,000
  • Publication Date 06/04/2018
  • Event Date 05/31/2018
  • Party 1 JEMB Realty
  • Party 2 Carlyle Group
notes
The buyer secured the Windsor Terrace property for $23 million.
  • Event Office Leasing
  • Address 1 Willoughby Square
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 40,000
notes
The architecture firm inked a 15-year lease in a building its designing in Downtown Brooklyn.
  • Event Financing
  • Address 420 Albee Square West
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 232,375
  • Price $ 56,500,000
  • Publication Date 10/01/2017
  • Event Date 09/06/2017
  • Party 1 JEMB Realty
  • Party 2 Natixis
notes
The real estate firm acquired a loan for $56.5 million.
  • Event Financing
  • Address 72 Caton Place
  • Neighborhood Windsor Terrace
  • Borough Brooklyn
  • Square feet 21,992
  • Price $ 12,500,000
notes
The borrower secured a refinance for $12.5 million, which consolidated 2 previous loans.
  • Event Sales
  • Address 72 Caton Place
  • Neighborhood Windsor Terrace
  • Borough Brooklyn
  • Square feet 21,992
  • Price $ 15,194,971
  • Price per foot $ 690.93
  • Publication Date 06/01/2017
  • Event Date 04/17/2017
  • Party 1 Cavalry Cathedral
  • Party 2 JEMB Realty
notes
The former church parking lot was sold for $15.2 million.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 10,474
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 JEMB Realty
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Hal Stein, Todd Stracci
  • Party 2 Nike Communications
notes
The public relations firm signed a lease.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 9,215
notes
The law firm signed a lease.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 7,687
notes
The marketing firm signed a lease.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 7,687
notes
The digital branding firm signed a lease.
  • Event Retail Leasing
  • Address 1311 Broadway
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 4,500
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 JEMB Realty
  • Party 1 Brokerage JEMB Realty
  • Party 1 Broker Bobby Dweck
  • Party 2 Verizon Wireless
  • Party 2 Brokerage JLL, Newmark Grubb Knight Frank
  • Party 2 Broker Robert Gibson, Tom Citron
notes
The wireless retailer signed a lease for its flagship store at Herald Center.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 17,899
notes
The nonprofit signed a long-term lease on the entire 31st and 32nd floors. The tenant is relocating from 333 Seventh Avenue.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 5,590
  • Price per foot $ 35.00
notes
The USA subsidiary of the Italian pasta company signed a lease on the fourth floor
  • Event Retail Leasing
  • Address 34th Streetand Broadway
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 63,000
notes
The fashion retailer signed a 25-year lease for a new location at Herald Center.
  • Event Retail Leasing
  • Building Name 34th Street and Broadway
  • Address 47 West 34th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 63,000
notes
The fashion retailer signed a 25-year lease for a new location at Herald Center.
  • Event Office Leasing
  • Building Name One Herald Center
  • Address 1239 Broadway
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 160,000
  • Publication Date 07/01/2013
  • Event Date 05/22/2013
  • Party 1 JEMB Realty
  • Party 2 ASA College
notes
The school signed a long-term lease to expand to the fourth through seventh floors. The tenant is relocating from the building's first three floors, and is consolidating its classroom and administrative space from throughout Manhattan.
  • Event Office Leasing
  • Address 150 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,385
  • Price per foot $ 35.00
notes
The family medical practice signed a 10-year lease.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 8,395
  • Price per foot $ 31.00
notes
The nonprofit signed a 10-year lease for its New York headquarters.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 16,936
notes
The opera company signed a long-term lease to relocate to the building's 10th floor.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 3,800
notes
The tenant signed a lease to expand and relocate from 80 Broad Street.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 10,200
notes
The producer of business events signed a lease to relocate from 15 Maiden Lane.
  • Event Office Leasing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 7,124
notes
The real estate listings company signed a lease to relocate from 50 Broad Street.
  • Event Office Leasing
  • Address 150 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,630
  • Price per foot $ 34.00
notes
The chiropractor inked a seven-year lease.
  • Event Office Leasing
  • Address 150 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 708
notes
The real estate firm signed a lease.
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Manhattan, 10001
HERALD TOWERS
...
Brooklyn, 11201
JEMB ALBEE SQUARE, LLC
This property is a new development. The developer(s) filed plans in September of...

...details, CBRE’s Susan Kurland, who represented landlord JEMB Realty, said the biggest obstacle to getting the deal done was the fact that some...
Brooklyn, 11201
JEMB ALBEE SQUARE, LLC
This property is a new development. The developer(s) filed plans in September of...