Midtown Equities | The Real Deal New York

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Midtown Equities

141 Fifth Avenue, Second Floor
New York, NY 10010
(212) 726-0700
Website

Midtown Equities is a privately held real estate developer. Founded in 2000 by the Cayre family (for which the firm also serves as an investment platform), Midtown was created to manage the family's expanding real estate holdings, which included the joint acquisition of the 99-year lease on the World Trade Center. Midtown has since become a sizable developer in its own right and has been particularly active in Brooklyn in recent years. In 2013, Midtown was selected by New York City to transform the derelict Empire Stores in Brooklyn Bridge Park into spaces for tech companies and local artisans. In 2015, the developer focused on a $200 million deal to develop waterfront property in Williamsburg. Midtown also has developed several buildings in Miami, including a $2.3 billion three-building mixed-use complex in the heart of the city. The firm also has purchased office space in Washington, D.C., and developed Ritz-Carlton Residences in Baltimore and on Long Island. Midtown also offers real estate brokerage and marketing services through its CORE brand, as well as commercial and office property management services through Midtown Property Management.


02/12/19
...deal that values the property at nearly $420 million. Midtown Equities and the HK Organization bought out the majority stake previously owned by partner Rockwood...

01/09/19
...from Capital One. 10. Midtown goes Downtown - $124 million Midtown Equities and Rockwood Capital landed a $161 million loan, of which $124 million was recorded in city...

12/20/18
...DUMBO in March. The building’s landlords are Midtown Equities, Rockwood Capital and HK Organization, and Time Out will take up two levels at...

12/17/18
...Midtown Miami apartment complex since Joe Cayre’s Midtown Equities, the original developer, completed the first residential building there in 2007. Midtown 6, 7 and 8 (all separate...

12/03/18
...Broadway, Joseph Cayre and Peter Falco Midtown Equities and Rockwood Capital have landed a $161 million loan for their acquisition and repositioning of...

11/20/18
...Ninth Avenue (Credit: Midtown Equities and iStock) MedMen, the medical marijuana dispensary with private equity backing, is launching a...

11/08/18
...to mirror the success that Joseph Cayre’s Midtown Equities achieved with Empire Stores, 19th-century warehouses on the Dumbo waterfront it converted into 443,000 square...

...to mirror the success that Joseph Cayre’s Midtown Equities achieved with Empire Stores, 19th-century warehouses on the Dumbo waterfront it converted into 443,000 square...

09/03/18
...Runyan Avenue. Cayre Joseph Cayre, the head of Midtown Equities, owns 18 and 24 Deal Esplanade and co-owns the adjacent plot at 11 Marine Place with his...

08/16/18
...Marvel Architects and Getty Images) The Cayre family's Midtown Equities is planning to take about a 30 percent stake in the Battery Maritime Building hotel...

05/23/18
...been revealed as the majority equity partner on Midtown Equities’ pending deal to buy and reposition the landmarked Financial District office building known as...

05/21/18
...typically rented by Michael Cayre and his family's Midtown Equities. With Bobby Cayre and Alex Adjmi both out for Shavuot, Jared Epstein of Aurora...

05/16/18
...Broadway and Joseph Cayre Midtown Equities has swooped in to buy the historic 1 Broadway for $140 million. The 12-story landmarked office...

05/01/18
...influx of fashion retailers. Kritsberg, a veteran of Midtown Equities, launched K Property in 2014. Kraut, formerly of Avison Young, joined him in January 2017. Last...

04/09/18
...five-story building at 168 Suffolk Street for $12.8 million and Midtown Equities selling its luxury rental building at 155 Attorney Street to the Schwalbe family for almost...

04/05/18
...lease for 21,000 square feet at 53-83 Water Street. Midtown Equities, Rockwood Capital and HK Organization are the landlords of the building. 3) Planet Fitness, 107-...

03/06/18
...after completing a Lower East Side rental project, Midtown Equities has entered contract to sell the building to the Schwalbe family for nearly $40 million...

02/09/18
...and the Brooklyn Bridge Park Development Corporation to Midtown Equities for its Empire Stores project took the No. 1 spot on December’s list of...

02/01/18
...a year ago. Two other previous top donors, Midtown Equities’ Joseph Cayre and Vector Group's Bennett Lebow, gave $170,000 and $135,000, respectively. Florida-based Nicholas Mastroianni, the...

01/09/18
...-square-foot, column-free rectangle, Kritsberg said. Kritsberg, formerly of Midtown Equities, launched K Property in 2014. Avison Young veteran Kraut joined him a year ago...

12/06/17
...Rendering of 53-83 Water Street (Credit: empirestores.com) Midtown Equities — and its partners Rockwood Capital and HK Organization — scored a $217 million loan to refinance...

09/12/17
...of 2016 after sitting vacant for decades. The developers, Midtown Equities in partnership with Rockwood Capital and HK Organization, won a bid in 2013 to redevelop...

08/28/17
...Laundry Service and Cycle took 50,000 square feet at Midtown Equities, Rockwood Capital and the HK Organization’s 55 Water Street. In the July issue of...

07/18/17
...the borough. And while some developments — such as Midtown Equities, HK Organization and Rockwood Capital’s Dumbo office complex Empire Stores and Rudin Management...

07/14/17
...brother,” added Kliegerman. Joseph Cayre, the founder of Midtown Equities who spent election night celebrating with Trump and other close associates at New York...
  • Event Financing
  • Address 53 Water Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Price $ 280,000,000
  • Publication Date 02/16/2019
  • Event Date 02/12/2019
  • Party 1 Midtown Equities, HK Organization
  • Party 1 Brokerage JLL
  • Party 1 Broker Aaron Appel, David Sitt, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Jackson Sastri, Eliott Zeitoune
  • Party 2 AIG
notes
The owner secured a loan of $280 million for the Dumbo property.
  • Event Financing
  • Address 1 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 161,000,000
  • Publication Date 01/06/2019
  • Event Date 01/03/2019
  • Party 1 Midtown Equities, Rockwood Capital
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Steve Kohn, Alex Hernandez
  • Party 2 Square Mile Capital Manaagement
notes
The buyer secured an acquisition loan of $161 million for the Financial District property.
  • Event Financing
  • Address 1 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 180,646
  • Price $ 161,000,000
  • Publication Date 12/10/2018
  • Event Date 12/03/2018
  • Party 1 Midtown Equities, Rockwood Capital
  • Party 2 Square Mile Capital Management
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Steve Kohn, Alex Hernandez
notes
The owner secured a loan of $161 million for the Financial District property.
  • Event Retail Leasing
  • Address 55 Water Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 3,500
  • Price per foot $ 150.00
notes
The upscale clothing brand inked a 10-year lease for a new store at the sight of the former tobacco warehouse in Dumbo.
  • Event Sales
  • Address 1 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 218,000
  • Price $ 140,000,000
  • Publication Date 06/04/2018
  • Event Date 05/16/2018
  • Party 1 Logany
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Jonathan Serko, Adam Spies, Douglas Harmon, Josh King, Marcella Fasulo
  • Party 2 Midtown Equities
notes
The buyer secured the Financial District building for $140 million.
  • Event Retail Leasing
  • Address 53-83 Water Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 21,000
notes
The market inked a lease for two levels of space in Dumbo.
  • Event Financing
  • Address 55 Water Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 3,583,167
  • Price $ 217,000,000
notes
The partnership secured a $217 million financing package for the Dumbo mixed-use development.
  • Event Financing
  • Address 661 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 17,667
  • Price $ 60,000,000
notes
The retail portion of the property refinanced its debt with $60 million.
  • Event Office Leasing
  • Address 55 Water Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 50,000
notes
The media companies both owned by Wasserman Media Group signed a lease.
  • Event Retail Leasing
  • Address 29 Ninth Avenue
  • Neighborhood Meatpacking District
  • Borough Manhattan
  • Square feet 30,000
notes
The gourmet food market signed a lease.
  • Event Retail Leasing
  • Address 55 Water Street
  • Neighborhood Financial District
  • Borough Brooklyn
  • Square feet 153,000
  • Publication Date 01/01/2014
  • Event Date 11/17/2013
  • Party 1 Midtown Equities
  • Party 1 Broker Mark Finkelstein
  • Party 2 West Elm
  • Party 2 Broker Chase Welles
notes
The furniture retailer signed a 20-year lease to become the anchor tenant at the Empire Stores commercial development in Dumbo. The company will relocate its headquarters, West Elm store and West Elm market store from elsewhere in Dumbo.
  • Event Sales
  • Address 242 Bedford Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 23,000,000
  • Publication Date 05/01/2012
  • Event Date 03/17/2012
  • Party 1 Yahuda Backer
  • Party 2 Midtown Equities, Aurora Capital, Alex Adjmi
  • Event Retail Leasing
  • Address 442 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 17,500
notes
The office supply retailer signed a lease for 6,000 square feet on the ground floor and 11,500 square feet of mezzanine space. The landlord had been asking $2.2 million for the entire space, or about $125 per square foot blended, a source familiar with the deal said.
  • Event Sales
  • Address 452 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 865,000
  • Price $ 330,000,000
  • Price per foot $ 381.50
  • Publication Date 11/01/2009
  • Event Date 09/22/2009
  • Party 1 HSBC Bank USA
  • Party 2 Midtown Equities, IDB Group
notes
HSBC agreed to the sale and leaseback of its New York headquarters building for $330 million in a transaction expected to close in the first quarter of 2010. Under the terms of the sale, the bank will lease the entire building for one year and floors one through 11 for 10 years.
Manhattan, 10019
310-318 MIDTOWN EQUITIES LLC
312 West 53rd Street is a 23,670 square foot property built in 1964...
Manhattan, 10036
42ND & 8TH OWNER LLC
...
Brooklyn, 11249
Aurora Capital Associates|Midtown Equities, CAB BEDFORD LLC
...
Manhattan, 10002
MIDTOWN EQUITIES, N/A
155 Attorney Street is a 30,000 square foot building in the Lower East...

...Runyan Avenue. Cayre Joseph Cayre, the head of Midtown Equities, owns 18 and 24 Deal Esplanade and co-owns the adjacent plot at 11 Marine Place with his...

01/13/15
...owned by Aurora Capital Associates, Alex Adjmi and Midtown Equities. TRD reviewed databases and queried brokers and landlords to compile the list, which only...

...he co-owns with Joseph and Michael Cayre of Midtown Equities). Meanwhile, Thor Equities owns 446 West 14th — currently occupied by designer Krizia — as well as...

...Savings Bank, which was purchased for $33 million by Midtown Equities, headed by developer Joseph Cayre. Tropical Emerald LLC rounded out the top three building...