Lightstone Group | The Real Deal New York

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Lightstone Group

460 Park Avenue
New York, NY 10022
(212) 616-9969
Website
info@lightstonegroup.com
Lightstone-Group

The Lightstone Group is a privately held real estate investment firm founded in 1988 by David Lichtenstein. The company's portfolio includes multifamily apartments, office buildings, hotels, shopping centers and industrial properties throughout the United States and Canada. The company has offices in New York City, New Jersey, Maryland, and Illinois. One of Lightstone's most profitable ventures began in 2002 with the acquisition of Prime Outlets, a Puerto Rico-based outlet mall. The investment firm grew the holding through add-on acquisitions until 2010, when it sold the entire Prime Outlets portfolio to Simon Property Group, netting a profit of $450 million. Its acquisition of Extended Stay Hotels was less successful. Lightstone was forced to give up control of the chain after it filed for bankruptcy in 2009. The company's divestments have included the 2015 sale of a portion of a Gowanus rental development to Atlantic Realty Development; acquisitions in New York include the June 2015 purchase of a residential rental building at 40 East End Avenue in Yorkville in a $32.5 million all-cash deal. As of 2015, Lightstone planned to demolish the six-story, 40-unit building on the site and replace it with an 18-story, 30-unit condominium.


04/04/17
...law practices in the city and counts the Lightstone Group, Fetner and Empire State Realty Trust among its recent clients. Herrick is still open...

03/31/17
...years in the business. Younger players, such as Lightstone Group’s assemblage executive Meir Milgraum, Thor Equities’ Marc Effren and Corigin Real Estate’s...

03/28/17
...-118 Fulton Street. The firm paid David Lichtenstein's Lightstone Group $171 million for the site in 2014. The firm also owns 15 Cliff Street, a 151-unit rental...

03/27/17
...of the Ozarks provided the construction loan include Lightstone Group...

03/24/17
...organizing and advocacy, according to DNAinfo. David Lichtenstein's Lightstone Group received approval for a rezoning to build two rental buildings at 363 and 365 Bond Street...

03/23/17
...end Avenue and David Lichtenstein David Lichtenstein’s Lightstone Group locked down an $85.3 million construction loan for its condominium development at 40 East End Avenue...

03/10/17
...Credit: Google Maps) UPDATED, March 10, 3:22 p.m.: The Lightstone Group secured $305 million in loans for its planned 59-story condominium tower at 130 William Street in...

03/08/17
...in the Garment District (inset: David Lichtenstein) The Lightstone Group has struck a deal with the Tao Group that brings the nightlife brand on...

02/10/17
...the first time such as David Lichtenstein’s Lightstone Group, which picked up a 56-unit rental building at 1011 Carroll Place for $11 million. And while...

02/07/17
...a product of the brownfield program, including the Lightstone Group...

01/09/17
...Schurer, who was formerly the CFO of the Lightstone Group and Grand Heritage Hotel Group, held the spot at Thor for more than nine...

01/03/17
...William Street The Lightstone Group ditched initial plans to build a hotel at 130 William Street and wants to turn...

12/29/16
...name developers have already bet on Gowanus. The Lightstone Group recently completed its 438-unit rental building at 365 Bond Street, which is 70 percent leased. Last...

12/28/16
...Credit: Stonehill & Taylor Architects via YIMBY) The Lightstone Group secured a $53 million construction loan from Bank of the Ozarks for its NoMad hotel...

12/22/16
...Jan Freitag of STR, and Mitchell Hochberg of Lightstone Group. Jan Freitag Jan Freitag Senior vice president of lodging insight, STR Do you think...

12/12/16
...business divorce” from the Durst Organization, representing the Lightstone Group in its $330 million ground lease sale of 1407 Broadway to Shorenstein Realty Services, and representing...

12/09/16
...than $1,000 a foot - $72.5 million David Lichtenstein’s Lightstone Group sold a mostly market-rate, 121-unit rental at 85 East 10th Street for $72.5 million, or more...

11/29/16
...th Street and David Lichtenstein David Lichtenstein’s Lightstone Group sold a 121-unit rental building to Mallory Management for $72.5 million, or more than $1,000 a...

11/09/16
...at 485 Seventh Avenue (credit: Lightstone) David Lichtenstein’s Lightstone Group hopes to sell the retail space and garage at the base of the Marriott...

11/07/16
...the year due to the opening of the Lightstone Group...

10/21/16
...inset: David Lichtenstein) New York Insulation, the company Lightstone Group has selected to remove asbestos at its East Village hotel development site, has a...

10/07/16
...about in its October issue. David Lichtenstein’s Lightstone Group recently completed its 450-unit 365 Bond Street, the first major residential development in the neighborhood...

10/03/16
...to the Daily News, Mendez has opposed the Lightstone Group...

09/16/16
...in the East Village (inset: David Lichtenstein) The Lightstone Group is plowing ahead with its plans for a 13-story hotel at 112 East 11th Street...

09/15/16
...issue: David Lichtenstein is the CEO of the Lightstone Group, a Manhattan-based real estate firm with a $2 billion portfolio that includes 11,000 apartments and 3,200 hotel...
Lightstone Group, First Vice President, Investments and Asset Management
460 Park Avenue, New York, New York
Akiva Elazary is vice president of asset management at privately held real estate...
Lightstone Group, Director, Acquisitions and Development
460 Park Avenue, New York, New York
Meir Milgraum is director of acquisitions at privately held real estate firm Lightstone...
Lightstone Group, Senior Vice President, Investments & Capital Markets
460 Park Avenue, New York, New York
Jonathan Rabinow is chief investment officer at privately held real estate firm Lightstone...
Lightstone Group, Senior Vice President, Construction
460 Park Avenue, New York, New York
Mark Green is senior vice president of construction at privately held real estate...
Lightstone Group, Senior Vice President, Asset Management & Investments
460 Park Avenue, New York, New York
Ariel Feldhamer is vice president of asset management and investments at privately held...
Lightstone Group, Senior Vice President, Hospitality
460 Park Avenue, New York, New York
Christopher Baxter is senior vice president of hospitality at privately held real estate...
Lightstone Group, Senior Vice President, Development
460 Park Avenue, New York, New York
Scott J. Avram is senior vice president of development at privately held real...
Lightstone Group, President, Lightstone Capital Markets
460 Park Avenue, New York, New York
Kevin J. Hart is president at privately held real estate firm Lightstone Capital...
Lightstone Group, Executive Vice President, Human Resources
460 Park Avenue, New York, New York
Jennifer D. Cline is executive vice president of human resources at privately held...
Lightstone Group, Executive Vice President & General Counsel
460 Park Avenue, New York, New York
Joseph Teichman is executive vice president and general counsel at privately held real...
Lightstone Group, Executive Vice President & Chief Financial Officer
460 Park Avenue, New York, New York
Donna Brandin is CFO and treasurer at privately held real estate firm Lightstone...
Lightstone Group, First Vice President, Investments and Asset Management
460 Park Avenue, New York, New York
...
Lightstone Group, Director, Acquisitions and Development
460 Park Avenue, New York, New York
...
Lightstone Group, Executive Vice President, Human Resources
460 Park Avenue, New York, New York
...
Lightstone Group, President, Lightstone Capital Markets
460 Park Avenue, New York, New York
...
Lightstone Group, Senior Vice President, Development
460 Park Avenue, New York, New York
...
Lightstone Group, Senior Vice President, Hospitality
460 Park Avenue, New York, New York
...
Lightstone Group, Senior Vice President, Asset Management & Investments
460 Park Avenue, New York, New York
...
Lightstone Group, Senior Vice President, Construction
460 Park Avenue, New York, New York
...
Lightstone Group, Senior Vice President, Investments & Capital Markets
460 Park Avenue, New York, New York
...
Lightstone Group, Executive Vice President & General Counsel
460 Park Avenue, New York, New York
...
Lightstone Group, Executive Vice President & Chief Financial Officer
460 Park Avenue, New York, New York
...
Lightstone Group, Chief Development Manager
460 Park Avenue, New York, NY, (212) 616-9969
Veronica Hackett, who goes by Ronne, is a real estate executive and the...
  • Event Financing
  • Address 130 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 305,000,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 Lightstone Group
  • Party 2 Banco Inbursa,S.A., Institucion De Banca Multiple, Mack Real Estate Credit Strategies
notes
The company secured a $305 million loan for the mixed-use multifamily and retail development.
  • Event Financing
  • Address 105-109 West 28th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 23,287
  • Price $ 53,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Lightstone Group
  • Party 2 Bank of the Ozarks
notes
The company secured a $53 million construction loan for the 349-key hotel.
  • Event Sales
  • Address 85 East Tenth Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 69,073
  • Price $ 72,200,000
notes
The 7-story multifamily building was sold for $72.2 million.
  • Event Retail Leasing
  • Address 375 West Broadway
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 10,000
  • Publication Date 12/01/2016
  • Event Date 10/15/2016
  • Party 1 Pearlmark Investment Advisors
  • Party 1 Brokerage RKF
  • Party 2 Lightstone Group
notes
The sharedspace company signed a lease for online retailers to sell their goods.
  • Event Sales
  • Address 112-120 East 11th Street, 85 East 10th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 127,000,000
notes
The 6-building portfolio sold for $127 million.
  • Event Financing
  • Address 30-02 39th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 30,000,000
  • Publication Date 07/01/2016
  • Event Date 05/15/2016
  • Party 1 Lightstone Group
  • Party 2 CIM Commercial Trust Corporation
notes
The company secured a $30 million mezzanine loan.
  • Event Financing
  • Address 30-02 39th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 413,000
  • Price $ 75,000,000
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Lightstone Group
  • Party 2 Canadian Imperial Bank of Commercial
notes
The company secured a $70 million loan consisting of a $65.1 million building loan and a $9.9 million project loan.
  • Event Sales
  • Address 30-17 40th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 23,200,000
  • Publication Date 03/01/2016
  • Event Date 01/01/2016
  • Party 1 Atlantic Garage
  • Party 2 Lightstone Group
notes
The development site was sold for $23.2 million.
  • Event Financing
  • Address 485 Seventh Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 235,000
  • Price $ 330,000,000
notes
The company secured a $330 million contruction loan.
  • Event Sales
  • Address 40 East End Avenue
  • Neighborhood Yorkville
  • Borough Manhattan
  • Price $ 32,500,000
  • Event Sales
  • Address 92 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 23,250,000
  • Event Sales
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,100,000
  • Price $ 330,000,000
  • Price per foot $ 300.00
  • Event Retail Leasing
  • Address 1407 Broadway
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 6,710
notes
The bank signed a renewal lease.
  • Event Sales
  • Address 485 Seventh Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 200,000,000
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Eretz Group
  • Party 2 Lightstone Group
  • Event Sales
  • Address 112-118 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 171,000,000
  • Publication Date 11/01/2014
  • Event Date 09/17/2014
  • Party 1 Lightstone Group
  • Party 2 Caramel Partners
  • Event Retail Leasing
  • Address 50-01 2nd Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 4,270
notes
The hospital signed a lease at Gantry Park Landing, a luxury rental building.
  • Event Retail Leasing
  • Address 50-01 2nd Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 1,059
notes
The coffee, tea and wine shop signed a lease at Gantry Park Landing, a luxury rental building.
  • Event Retail Leasing
  • Address 50-01 2nd Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 7,590
notes
The market signed a lease at Gantry Park Landing, a luxury rental building.
  • Event Office Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 13,719
notes
The startup accelerator signed a lease for the entire 24th floor.
  • Event Office Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 13,729
notes
The lifestyle brand signed a 10-year office lease for the entire 27th floor. The tenant is relocating from a smaller space at 530 Seventh Avenue.
  • Event Financing
  • Address 15 Dutch Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 43,000,000
  • Publication Date 09/01/2013
  • Event Date 07/23/2013
  • Party 1 Lightstone Group
  • Party 2 Banco Inbursa SA
notes
A $43 million construction loan was provided for a luxury residential development, the Wall Street Journal reported. The properties are located at 112, 114, 116, 118 and 120 Fulton Street and include air rights to 41 and 43 John Street, 80, 86 and 88 Nassau Street, and 122 Fulton Street. Development site
  • Event Sales
  • Address 112 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 63,000,000
  • Publication Date 03/01/2013
  • Event Date 01/20/2013
  • Party 1 Castega 114-116 Fulton Street LLC, 120 Fulton Realty, Suey Jin Lam, Time Equities
  • Party 2 The Lightstone Group
notes
The three mixed-use buildings and adjacent air rights sold for $63 million. Lightstone has permission to demolish the three buildings, one source told The Real Deal recently, and may develop a mixed-use property. According to Trd's calculations, the development could exceed 300,000 square feet. Includes 114 and 120 Fulton Street.
  • Event Retail Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,378
notes
The bakery and café signed a long-term lease for another location.
  • Event Retail Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,381
notes
The Halloween costume and accessories retailer signed a lease for a pop-up store.
  • Event Sales
  • Address 385 McDonald Avenue
  • Neighborhood Kensington
  • Borough Brooklyn
  • Price $ 7,400,000
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...were a Macklowe Properties conversion, condos from the Lightstone Group and an Ismael Leyva-designed tower from Elk Investors in Midtown. But far fewer high-rise...

...Polivy of Akerman. Liberty Gardens in Brooklyn • The Lightstone Group is one of several big developers in New York City to form an in-house...

...months. Some firms, such as Tishman Speyer and Lightstone Group, are developers that also act as equity funds, and are therefore included in the...

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...market” before adding to his pipeline. Meanwhile, the Lightstone Group ranked No. 7 with a two-building complex totaling 697 rental units in Gowanus. The Brodsky Organization...

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