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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.
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06/14/18
...to concerns about inventory levels.
David Lichtenstein’s Lightstone Group is getting ready to launch its 244-unit, David Adjaye-designed 130 William Street. Meanwhile, L+M...
06/12/18
...Properties and Israeli road show veterans like the Lightstone Group, Joel Gluck’s Spencer Equity and Yoel Goldman, whose firm All Year Management raised...
06/04/18
...four Bronx buildings in the Greenspan portfolio to Lightstone Group for $50 million. There remains two buildings unsold in the portfolio -- 1975 Adam C. Powell...
...to concerns about inventory levels.
David Lichtenstein’s Lightstone Group is getting ready to launch its 244-unit, David Adjaye-designed 130 William Street. Meanwhile, L+M...
05/31/18
...in the neighborhood at 38-59 11th Street, and Lightstone Group recently purchased the Hilton Garden Inn at 29-21 41st Avenue for $60 million...
05/16/18
...Mitchell Hochberg and the Bronx portfolio
The Lightstone Group is making a push into the Bronx’s multifamily market with another multi-building purchase...
05/07/18
...at the building to a close.
10. To the Lightstone Group — $35 million
A $35 million loan from Western Alliance Bank to Lightstone Group for its purchase...
05/02/18
...has joined the board of directors at the Lightstone Group’s non-traded real estate investment trust, earned a total compensation from REBNY in 2016 of...
05/01/18
...Decatur Avenue. (Credit: PropertyShark)
UPDATED, 12:22 p.m., May 1: Lightstone Group has had a busy start to the year.
The company had the biggest deal...
04/30/18
...quarter are below:
1. 29-21 41st Avenue, $60 million
Buyer: Lightstone Group
Seller: Phillip D. Ashkettle, MCS Capital Partners, Ranger Properties LLC
The biggest Queens deal...
04/27/18
...in working-class parts of Brooklyn and the Bronx.
Lightstone Group signed a contract to buy four Bronx buildings earlier this year for about $50 million...
04/20/18
...Square (inset: Audra Tuskes and Mitchell Hochberg)
The Lightstone Group...
04/02/18
...a hotel project at 88 Walker Street in Chinatown.
Lightstone Group recently purchased the Hilton Garden Inn at 29-21 41st Avenue in Long Island City...
03/29/18
...Long Island City Hilton Garden Inn (Credit: Hilton)
Lightstone Group has purchased the Hilton Garden Inn in Long Island City for $60 million, according to...
03/22/18
...s Canopy.
In New York, David Lichtenstein’s Lightstone Group said it would invest $2 billion to build Moxy hotels nationwide. Planned New York locations...
03/14/18
...are being more realistic with their projections.”
The Lightstone Group, for example, pulled the plug late last year on marketing a pair of retail...
03/05/18
...Lichtenstein (Credit: Stonehill & Taylor Architects)
David Lichtenstein's Lightstone Group landed $91 million in financing for its latest Moxy hotel project, property records filed with...
...are being more realistic with their projections.”
The Lightstone Group, for example, pulled the plug late last year on marketing a pair of retail...
02/05/18
...in 2013 from Irving Langer's E&M Associates.
Lightstone Group recently signed a contract to buy the Bronx portion of a 350-unit, seven-building portfolio...
01/31/18
...in Manhattan and raising capital in Tel Aviv, Lightstone Group is digging into the Bronx multifamily world.
The company recently signed a contract to...
01/29/18
...Properties and Israeli road show veterans like the Lightstone Group, Joel Gluck’s Spencer Equity and Yoel Goldman, whose firm All Year Management raised...
12/20/17
...Asset Management.
5) A borrower with moxy - $262.2 million
Lightstone Group refinanced $262.2 million in funding for the conversion of 485 Seventh Avenue into the Marriott Moxy...
12/19/17
...interiors.
130 William Street (Renderings via Lightstone)
130 William Street
Lightstone Group unveiled its design for 130 Williams Street in the Financial District just last week. The...
12/11/17
...Although both projects were initially being developed by Lightstone Group, the company sold 363 Bond Street to Atlantic Realty Development in 2015 for $75 million.
Scott Avram...
Lightstone Group, First Vice President, Investments and Asset Management
460 Park Avenue, New York, NY
460 Park Avenue, New York, NY
...
Lightstone Group, Director, Acquisitions and Development
460 Park Avenue, New York, NY
460 Park Avenue, New York, NY
...
Lightstone Group, Senior Vice President, Investments & Capital Markets
460 Park Avenue, New York, NY
460 Park Avenue, New York, NY
...
Lightstone Group, Senior Vice President, Asset Management & Investments
460 Park Avenue, New York, NY
460 Park Avenue, New York, NY
...
Lightstone Group, Senior Vice President, Hospitality
460 Park Avenue, New York, NY
460 Park Avenue, New York, NY
...
Lightstone Group, President, Lightstone Capital Markets
460 Park Avenue, New York, NY
460 Park Avenue, New York, NY
...
Lightstone Group, Executive Vice President, Human Resources
460 Park Avenue, New York, NY
460 Park Avenue, New York, NY
...
Lightstone Group, Executive Vice President & General Counsel
460 Park Avenue, New York, NY
460 Park Avenue, New York, NY
...
Lightstone Group, Executive Vice President & Chief Financial Officer
460 Park Avenue, New York, NY
460 Park Avenue, New York, NY
...
Lightstone Group, Chief Development Manager
460 Park Avenue, New York, NY, (212) 616-9969
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 365 Bond Street
- Neighborhood Gowanus
- Borough Brooklyn
- Square feet 323,193
- Price $ 120,000,000
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 Lightstone Group
- Party 2 Square Mile Capital Management
notes
The borrower secured a $120 million 2-year, 3.5% interest refinance loan, which will mature in May 2021.
- 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
- Publication Date 01/01/2017
- Event Date 11/17/2016
- Party 1 Lightstone Group
- Party 2 Mallory Management
- Party 2 Brokerage Meridian Capital Group
- Party 2 Broker David Schechtman, Lipa Lieberman, Abie Kassin
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
- Publication Date 06/01/2016
- Event Date 05/18/2016
- Party 1 Pan Am Equities
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Lightstone Group
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
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
- Publication Date 03/01/2016
- Event Date 01/01/2016
- Party 1 Lightstone Group
- Party 2 Square Mile Capital Management
notes
The company secured a $330 million contruction loan.
- Event Sales
- Address 92 Fulton Street
- Neighborhood Financial District
- Borough Manhattan
- Price $ 23,250,000
- Publication Date 07/01/2015
- Event Date 05/22/2015
- Party 1 Fisher Brothers
- Party 2 Lightstone Group
- Event Sales
- Address 40 East End Avenue
- Neighborhood Yorkville
- Borough Manhattan
- Price $ 32,500,000
- Publication Date 07/01/2015
- Event Date 05/22/2015
- Party 1 Emanuel Cherney
- Party 1 Brokerage Citi Habitats
- Party 1 Broker Terry di Paolo
- Party 2 Lightstone Group
- Party 2 Brokerage Oxford Properties Group
- Event Sales
- Address 1407 Broadway
- Neighborhood Garment District
- Borough Manhattan
- Square feet 1,100,000
- Price $ 330,000,000
- Price per foot $ 300.00
- Publication Date 06/01/2015
- Event Date 04/22/2015
- Party 1 Lightstone Group
- Party 1 Brokerage Savills Studley
- Party 1 Broker Woody Heller, Will Silverman
- Party 2 Shorenstein Realty Services
- Party 2 Brokerage HFF
- 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 Retail Leasing
- Address 1407 Broadway
- Neighborhood Midtown
- Borough Manhattan
- Square feet 6,710
- Publication Date 01/01/2015
- Event Date 11/17/2014
- Party 1 Lightstone Group
- Party 1 Brokerage New Street Realty Advisors
- Party 1 Broker Matthew Gorman and Joshua Gettler
- Party 2 Wells Fargo
- Party 2 Brokerage CBRE
- Party 2 Broker Annette Healy
notes
The bank signed a renewal lease.
- 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
- Publication Date 06/01/2014
- Event Date 04/17/2014
- Party 1 Lightstone Group
- Party 1 Broker Hal Shapiro, Aaron Fishbein
- Party 2 North Shore-LIJ
- Party 2 Brokerage Newmark Grubb Knight Frank
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
- Publication Date 06/01/2014
- Event Date 04/17/2014
- Party 1 Lightstone Group
- Party 1 Broker Hal Shapiro, Aaron Fishbein
- Party 2 Beans, Grapes and Leaves
- Party 2 Brokerage Manhattan Commercial Realty
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
- Publication Date 06/01/2014
- Event Date 04/17/2014
- Party 1 Lightstone Group
- Party 1 Broker Hal Shapiro, Aaron Fishbein
- Party 2 Urban Market
- Party 2 Brokerage Winick Realty Group
- Party 2 Broker Hal Shapiro, A. Fishbein
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
- Publication Date 04/01/2014
- Event Date 02/20/2014
- Party 1 Lightstone Group, Lightstone Value Plus REIT
- Party 1 Brokerage CBRE
- Party 1 Broker Peter Turchin, Gregg Rothkin, Amanda Bokman, Ben Fastenberg
- Party 2 Techstars
- Party 2 Brokerage CBRE
- Party 2 Broker Ross Zimbalist
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
- Publication Date 03/01/2014
- Event Date 01/20/2014
- Party 1 Lightstone Group
- Party 1 Brokerage CBRE
- Party 1 Broker Amanda Bokman, Peter Turchin, Gregg Rothkin, Ben Fastenberg
- Party 2 Land's End
- Party 2 Brokerage Coldwell Banker Commercial Hunter Realty
- Party 2 Broker Francine Oro
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
- Publication Date 12/01/2012
- Event Date 10/22/2012
- Party 1 Lightstone Group
- Party 1 Brokerage New Street Realty Advisors
- Party 1 Broker Matthew Gorman, Joshua Gettler
- Party 2 Pie Face
- Party 2 Brokerage CBRE
- Party 2 Broker Robert Bonicoro
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
- Publication Date 12/01/2012
- Event Date 10/22/2012
- Party 1 Lightstone Group
- Party 1 Brokerage New Street Realty Advisors
- Party 1 Broker Matthew Gorman, Joshua Gettler
- Party 2 Spirit Halloween
notes
The Halloween costume and accessories retailer signed a lease for a pop-up store.
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11/04/15
...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...
...Meir Milgraum, 28
Director of acquisitions and development, the Lightstone Group
Meir Milgraum (Photo: Max Dworkin)
David Lichtenstein’s Lightstone Group has amassed a development...
...EXR Group.
Not surprisingly, developers have noticed.
The Lightstone Group is building a 700-unit rental at 363-365 Bond, and Jared Kushner’s Kushner Companies...
...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...
...tried-and-true strategy of residential conversions. For instance, the Lightstone Group earlier this year paid nearly $1,200 per square foot for an office building at 114 Fulton...
Brooklyn, 11231
Lightstone Group, 363 GOWANUS DEVELOPERS LLC
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83 1st Street is a 249,571 square foot property in the Gowanus neighborhood...
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