Korman Communities | The Real Deal New York

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Korman Communities

330 East 56th Street
New York, NY 10022
(212) 752-8888
Website
acquisitions@kormancommunities.com

12/01/17
...a $72 million sale of the Smyth hotel to Korman Communities. “Everyone has an obligation to be optimistic, because that’s the business that we...

11/30/17
...The Smyth Hotel, Larry and Brad Korman (Credit: Korman Communities and Thompson Hotels) UPDATED: Thurs., Dec. 7, 01:48 p.m.: Korman Communities, in partnership with Shorewood...

10/20/17
...said the deed transfer was an accounting update. Korman Communities, which operates the AKA brand, is also a part owner in the building, which...

03/18/16
...Geto & de Milly's Michele de Milly and Korman Communities and AKA's Larry Korman to find out what they’re reading, how the book...

03/15/16
...tapped to lead sales there.) Key clients: GTIS, Korman Communities  Top projects: 330 East 56th Street, 101 West 78th Street 12 East 88th Street 8. Marketing Directors --...

03/10/16
...s first crowdfunded condo tower, Prodigy Network and Korman Communities backtracked on their plans and will now operate the building as an extended-stay hotel...

...of contemporary relationship fiction. Larry Korman Co-CEO of Korman Communities and president of AKA What are you reading now or what did you recently...

...said. Rodrigo Niño To that end, Pennsylvania-based Korman Communities, which operates AKA, a luxury extended-stay hotel brand, is converting two of its five...

09/10/15
...of Aka Sutton Place For more than 10 years, Korman Communities has operated five extended-stay hotels in New York City under its AKA brand. Now...

08/11/15
...Relations. In the spring, the Prodigy Network and Korman Communities launched sales at a condominium project at 234 East 46th Street, where prices started at...

...hotels under the AKA brand, in partnership with Korman Communities. At 17 John Street in Lower Manhattan, and at its two planned Ring-portfolio acquisitions at...

04/30/15
...firm the Prodigy Network and corporate apartment provider Korman Communities. The condos are all one-bedroom units ranging from 500 to 600 square feet and priced between...

...we look to grow our portfolio.”  His firm, Korman Communities, has financed some projects through Prodigy’s platform, including extended-stay residences AKA Wall Street...

09/08/14
...East 46th Street, between Second and Third avenues. Korman Communities, which owns the remaining 10 percent of the hotel, would continue to operate the site...

10/05/11
...panelists were optimistic looking forward. AKA Hotels & Korman Communities co-President Larry Korman said he expected a big year in 2012 as money comes off...

06/01/11
...J. Other extended stay brands in Manhattan include Korman Communities’ AKA Central Park at 42 West 58th Street, and Candlewood Suites Hotel at Times Square...

09/29/10
...one-bedroom apartments, is currently in the hands of Korman Communities, which purchased it for $43.8 million in 2004 after taking over a $30 million mortgage from Gary...

07/30/10
...of corporate apartment providers like Equity Residential and Korman Communities, because of its proximity to Ground Zero and the World Financial Center, the headquarters...

06/19/09
...Rental in NJ is 95 percent leasedNew Jersey developer Korman Communities...

04/23/09
...library branch 4. New Jersey residential real estate firm Korman Communities launches outreach program for government workers in need of housing 5. Seba Avenue Park in...

...to keep at least one business watching. Philadelphia-based Korman Communities owns four AKA properties, which specialize in extended-stay lodging converted from failed condominium projects...

...initiated by Larry Korman, the co-president of Philadelphia-based Korman Communities, which owns the AKA properties. He hatched the idea after his own battle with...

...changed his mind and resold the building to Korman Communities, an operator of extended-stay hotels, for $88 million in October 2006. The hotel has been renamed...

...as a hotel. On the Upper East Side, Korman Communities, a Philadelphia-based hotel group, recently acquired the former Sutton Hotel on East 56th Street...
  • Event Financing
  • Address 85 West Broadway
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 71,407
  • Price $ 41,000,000
  • Publication Date 12/04/2017
  • Event Date 11/30/2017
  • Party 1 Korman Communities
  • Party 2 Canadian Imperial Bank
notes
The owner refinanced the Smyth Tribeca with a $41 million loan.
  • Event Sales
  • Address 85 West Broadway
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 71,407
  • Price $ 72,000,000
  • Publication Date 12/04/2017
  • Event Date 11/30/2017
  • Party 1 Walton Street Capital
  • Party 2 Korman Communities
notes
The buyer acquired the Smyth Tribeca for $72 million.
  • Event Sales
  • Address 330 East 56th Street
  • Neighborhood Sutton Place
  • Borough Manhattan
  • Square feet 186,000
  • Price $ 106,000,000
  • Publication Date 10/23/2017
  • Event Date 10/20/2017
  • Party 1 Korman Communities
  • Party 2 CalSTRS
notes
The California-based pension fund acquired a 91% stake in the building for $106 million.
Manhattan, 10022
KORMAN COMMUNITIES, METROPOLITAN SUTTON ASSOCIATES LLC
The sponsor(s) filed plans on 11/21/14 for a condo project at 330 East...
Manhattan, 10022
KORMAN COMMUNITIES, METROPOLITAN SUTTON ASSOCIATES LLC
The sponsor(s) filed plans on 11/21/14 for a condo project at 330 East...