The Real Deal New York

Onex Real Estate Partners is the real estate arm of Canadas largest private equity firm. The parent company was founded in 1984 and manages primarily leverage loans and collateralized debt obligations, managing more than $22 billion in assets. Onex Real Estate Partners, which was created in 2005 and located in New Jersey, has held various properties over the years but has since divested all those properties. What remains is the massive Queens development Sky View Parc, the firms initial investment in 2005. The mixed-use development in Flushing has had some trouble over the yearsincluding a lawsuit by potential buyers and development setbacksbut Onex has remained bullish on the property and the neighborhood due to the influx of Chinese investors and residents. In 2014 Onex bought out its partner, Muss Development, to take sole ownership of the property and spearhead the second phase of its development, which includes a second condo tower.