trd topics
advanced search
Kuafu Properties
Kuafu Properties is a privately held real estate development and investment company. Co-founded in 2013 by Zengliang Shan and Shang Dai, the firm markets itself as a bridge between Asian investors abroad and the U.S. real estate market. The firm was born out of the Hudson Yards development, where Kuafu had a hand in building the Hudson Rise hotel and condominium. The Hudson Yards project proved to be a bit troublesome for Kuafu, as it became deadlocked in a lawsuit with partner Siras Development over the plans and their respective roles in the tower. At the time Kuafu was dubbed by some publications as a mystery developer, but in the years since it has built up and down Manhattan, including East 86th Street and a mixed-use building at 1289 Lexington Avenue, taking advantage of the influx of Chinese investors. The firm has also built the MiMa condos on West 42nd Street, which focused on midpriced units instead of luxury, high-end units.
You can't download files. If you have account, visit
My Account page or Subscribe to one of the download plans.
My Account page or Subscribe to one of the download plans.
02/06/19
...management of three New York City projects to Kuafu Properties, a four-year-old development firm backed by Chinese private equity. Xinyuan said it would retain...
11/20/18
...year later, Ceruzzi partnered with Stillman Development and Kuafu Properties to buy a site at 147-151 East 86th Street, where an 18-story, 61-unit condo...
...year later, Ceruzzi partnered with Stillman Development and Kuafu Properties to buy a site at 147-151 East 86th Street, where an 18-story, 61-unit condo...
10/18/18
...arm of Shanghai Construction Group — has bought out Kuafu Properties...
09/07/18
...also known as 147 East 86th Street — Ceruzzi and Kuafu Properties...
06/20/18
...its U.S. team, turning operations over to Kuafu Properties.
In recent weeks, Douglas Elliman's Sabrina Saltiel and Noble Black were tapped to market...
06/14/18
...of its three New York City projects to Kuafu Properties, a five-year-old development firm backed by Chinese private equity. Under the joint venture agreement...
01/23/18
...S. development arm, Xin Development, and brought in Kuafu Properties to help manage its active projects.
What these companies have in common is that...
12/28/17
...lease at the base of Ceruzzi Properties and Kuafu Properties’ 18-story condominium project on the Upper East Side.
The deal covers 5,600 square feet on...
12/18/17
...slashed its local development team and brought in Kuafu Properties to help get its projects over the line. Xinyuan will continue to own the...
12/13/17
...management of three New York City projects to Kuafu Properties, a four-year-old development firm backed by Chinese private equity.
Precise terms of the deal...
11/03/17
...Real Estate represented the landlords, Ceruzzi Properties and Kuafu Properties.
5) NAPA Auto Parts, 1973 38th Street, Astoria - 14,100 square feet
The auto parts store inked...
09/07/17
...condo tower. At 151 East 86th Street, Ceruzzi and Kuafu Properties are developing an 18-story, 61-unit condo on a site they bought in 2014 (a year...
09/01/17
...hotel-and-condominium tower. At 151 East 86th Street, Ceruzzi and Kuafu Properties are developing an 18-story, 61-unit condo building on a leasehold they bought in 2013. Ceruzzi...
05/09/17
...Park Avenue and most recently Ceruzzi Properties and Kuafu Properties’ 18-story Upper East Side project at 151 East 86th Street.
Even major developers with long...
...certain clients pick amazing restaurants: Shang Dai of Kuafu Properties has taken me to Masa and Gabriel Kreuther.
12:30 p.m. At least every other...
04/28/17
...million loan Mack Real Estate Group provided to Kuafu Properties, which acquired the six-building site at 143-161 East 60th Street between Lexington and Third...
04/10/17
...blocks away, a bitter feud between former partners Kuafu Properties, Siras Development and Sean Ludwick’s BlackHouse Development has stymied plans for Hudson Rise...
04/03/17
...th Street (Credit: Ceruzzi Properties)
Ceruzzi Properties and Kuafu Properties snagged a $290 million construction loan for their condominium project on the Upper East Side...
03/09/17
...Group’s rental-to-condo conversion at 385 First Avenue.
Kuafu Properties hit pause on its major development at 161 East 60th Street, a $300 million site now...
...Nathan Franco
Jeff Dvorett, Kuafu Properties’ head of development since 2014, has parted ways with the firm — the latest executive shake-up...
02/22/17
...Dvorett and Shang Dai
Jeff Dvorett, who joined Kuafu Properties as head of development in 2014, is leaving the firm, the latest executive shake-up at...
02/06/17
...with the New York state Attorney General's office.
Kuafu Properties, another investor with ties to Chinese capital, said last year that it will hold...
01/10/17
...looking at this space,” said Christopher Sameth of Kuafu Properties, a New York-based investment firm that is backed by Chinese private equity. “We’re...
12/30/16
...MiMA
460 West 42nd Street
Developer: SCG America and Kuafu Properties
Projected Sellout: $414.2 million
Units: 151
Type: Conversion
In 2015, New York-based Chinese development firm Kuafu Properties...
- Event Retail Leasing
- Address 147 East 86th Street
- Neighborhood Upper East Side
- Borough Manhattan
- Square feet 18,500
- Publication Date 10/23/2017
- Event Date 10/19/2017
- Party 1 Ceruzzi Properties, Kuafu Properties
- Party 1 Brokerage Ripco Real Estate
- Party 1 Broker Andrew Mandell
- Party 2 Old Navy
- Party 2 Brokerage RKF
- Party 2 Broker Ariel Schuster, Justin Fantasoa
notes
The affordable clothing brand signed a 15-year lease for the ground and second floors.
- Event Financing
- Address 460 West 42nd Street
- Neighborhood Clinton
- Borough Manhattan
- Price $ 211,600,000
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 Kuafu Properties, Shanghai Construction Group
- Party 2 Industrial, Commercial Bank of China
notes
A $211.6 million acquisition loan was arranged for 1 MiMA Tower.
- Event Financing
- Address 151 East 60th Street
- Neighborhood Lenox Hill
- Borough Manhattan
- Square feet 19,684
- Price $ 200,000,000
- Publication Date 12/01/2015
- Event Date 10/22/2015
- Party 1 Kuafu Properties
- Party 1 Brokerage HFF
- Party 1 Broker Christopher Peck, Jay Marshall
- Party 2 Mack Real Estate Credit Strategies
notes
The company secured a $200 million development and acquisition loan.
- Event Sales
- Address 460 West 42nd Street
- Neighborhood Clinton
- Borough Manhattan
- Price $ 260,000,000
- Publication Date 08/01/2015
- Event Date 06/22/2015
- Party 1 Related Companies
- Party 2 Kuafu Properties
Manhattan, 10022
PARKVIEW TOWER OWNER LLC
PARKVIEW TOWER OWNER LLC
145 East 60th Street is a 10,671 square foot property built in 1900...
12/30/16
...MiMA
460 West 42nd Street
Developer: SCG America and Kuafu Properties
Projected Sellout: $414.2 million
Units: 151
Type: Conversion
In 2015, New York-based Chinese development firm Kuafu Properties...
...tower in 2012 and sold the top 13 floors to Kuafu Properties last year. Apartments in the building regularly rent for more than $5,000 a month.
Meanwhile...
12/30/15
...its diversity. Three Chinese firms appear, including locally-based Kuafu Properties. Global firms like GID Development Group and the Carlyle Group showed up next to...
