Pan Am Equities | The Real Deal New York

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Pan Am Equities

18 East 50th Street, Suite 10
New York, NY 10022
(212) 837-4800
Website
residentrelations@panamequities.com

Pan Am Equities is a real estate development and management company. The firm is owned by the influential Manocherian family, which owns more than 85 buildings throughout Manhattan. The family rose to prominence in the 1970s. The family specialized in buildings in the Upper East Side on First and Second Avenue, primarily tenement houses. Members of the family also own the New York Health & Racquet Club. In 2014 the firm sold six Upper East side rental apartment buildings for $47 million: three five-story buildings at 413-417 East 81st Street, and three contiguous buildings on East 83rd Street. That same year the firm paid $48 million for two commercial condos on 63rd Street in the Upper East Side, one of which was the former site of the Barbizon Hotel for Women. Among the other buildings in its portfolio is the New York Tower at East 39th Street, the Caroline at 60 West 23rd Street, and New York Plaza at 2 Water Street.


11/05/18
...m.: A member of the family that owns Pan Am Equities just snagged an Upper West Side condominium for just over $9 million. Alan Manocherian bought...

08/28/18
...West 16th Street, 253 West 14th, 1556 York Avenue, and Pan Am Equities CEO Scott Solomon (middle) (Credit: Google Maps, apartments, and, LinkedIn) Pan Am Equities has...

03/05/18
...later this year. Lightstone acquired the site from Pan Am Equities in 2016, paying $127 million for a portfolio of six East Village buildings. Moxy is Marriott's...

08/18/17
...Million The good times never seemed so good? Pan Am Equities refinanced the 431-unit Caroline building at 60 West 23rd Street, grabbing $200 million from lender Massachusetts...

07/24/17
...the New York Health & Racquet Club and Pan Am Equities. The seller was the Dermisksian family which owned the property since 1987. 4.) Brian Lefkowitz, a...

...Mirador, which has an exclusive leasing partnership with Pan Am Equities — the development and property management firm backed by the Manocherian family. 5:30 a.m. I...

01/11/17
...Her company partnered with Scott Solomon, CEO of Pan Am Equities, the development and property management firm backed by the Manocherian family. Pan Am Equities...

10/21/16
...five tenement buildings, in April for $127 million from Pan Am Equities. The company closed with a $85 million acquisition loan from Goldman Sachs. It has applied...

09/16/16
...that Lightstone acquired in April for $127 million from Pan Am Equities...

05/24/16
...that Lightstone acquired in April for $127 million from Pan Am Equities. That deal closed with an $85 million acquisition loan from Goldman Sachs. One of those...

05/05/16
...buildings holding 181 units in the East Village from Pan Am Equities for more than $127 million. The Midtown-based real estate investment firm paid $52.1 million for five...

12/14/15
...West 45th Street in Midtown The Manocherian family's Pan Am Equities sued two city agencies, accusing them of "abuse of discretion" for the fines they...

09/08/15
...be reached for comment. The Manocherian family’s Pan Am Equities secured a $150 million refinancing on its residential building at 145 West 67th Street, known as...

06/29/15
...the Upper West Side The Manocherian family’s Pan Am Equities secured a $150 million refinancing on its residential building at 145 West 67th Street from the...

04/12/14
...part of Mirador Properties’ plans to re-brand the Pan Am Equities...

...said Scott Solomon, the CEO of Manhattan-based landlord Pan Am Equities, which started using RentJuice last month. In a model similar to that of Roost...

...Persians here, including Manouchehr Manocherian, whose family founded Pan Am Equities. While there are plenty of Persian real estate investors in New York that focus...

05/25/10
...units in the city, and large apartment owner Pan Am Equities each plan to stop covering broker's fees at the end of the month in...

05/25/10
...units in the city, and large apartment owner Pan Am Equities each plan to stop covering broker's fees at the end of the month in...

...or gift certificates to West Elm or Zipcar. Pan Am Equities, the developer of New York Plaza at 2 Water Street in the Financial District, is...

11/29/07
...Park Avenue South, was emptied by its owner, Pan Am Equities, and put up for sale as a property easily convertible to condos. "But then...

...Park Avenue South, was emptied by its owner, Pan Am Equities, and put up for sale as a property easily convertible to condos. "But then...

...school. Gramercy Gramercy Lofts 270 Park Avenue South Owner Pan Am Equities reopened the 13-story, 80-unit building to renters on August 1 after deciding not to follow...
  • Event Financing
  • Address 37 West 16th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 60,600,000
  • Publication Date 09/04/2018
  • Event Date 08/28/2018
  • Party 1 Pan Am Equities
  • Party 2 People's United Bank
notes
The lender issued a loan of $60.6 million for the Flatiron portfolio.
  • Event Retail Leasing
  • Address 127 Fourth Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 5,837
  • Price per foot $ 186.11
  • Publication Date 06/04/2018
  • Event Date 05/17/2018
  • Party 1 Pan Am Equities
  • Party 1 Brokerage RKF
  • Party 1 Broker Joshua Strauss, David Abrams, Grant Dunn
  • Party 2 Barbacon
  • Party 2 Brokerage Eastern Consolidated
  • Party 2 Broker Jake Althaus
notes
The upscale bacon-based eatery inked a 15-year lease for a new location in the East Village.
  • Event Financing
  • Address 60 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 200,000,000
  • Publication Date 09/01/2017
  • Event Date 08/15/2017
  • Party 1 Pan Am Equities
  • Party 2 Massachusetts Mutual
notes
The property management company acquired a loan.
  • Event Financing
  • Address 60 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 527,452
  • Price $ 200,000,000
  • Publication Date 08/01/2017
  • Event Date 06/29/2017
  • Party 1 Pan Am Equities
  • Party 2 Mass Mutual
notes
The borrower received a loan
  • 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 Office Leasing
  • Address 116 West 32nd Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 45,000
notes
The engineering firm renewed and expanded its lease to the 11th floor for 12 years.
  • Event Retail leasing
  • Address 270 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 4,325
  • Event Retail Leasing
  • Address 455 Park Avenue South
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 1,905
notes
This restaurant signed a lease for its second location.
  • Event Office Leasing
  • Address 116 West 32nd Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 70,000
  • Publication Date 08/01/2012
  • Event Date 06/22/2012
  • Party 1 Pan Am Equities
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Jeffrey Rosenblatt
  • Party 2 CUNY School of Professional Studies
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Howard Kesseler, James Kuhn
notes
The school signed a 15-year lease for floors one through four, the Commercial Observer reported.
  • Event Office Leasing
  • Address 116 West 32nd Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 23,500
  • Publication Date 06/01/2009
  • Event Date 04/22/2009
  • Party 1 Pan Am Equities
  • Party 2 People Care
  • Party 2 Brokerage HelmsleySpear
  • Party 2 Broker Jeff Rosenblatt
notes
The homecare services provider signed a lease for 11 and a half years for the entire 15th and a portion of the 14th floors.
  • Event Office Leasing
  • Address 116 West 32nd Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 25,000
notes
The IT services provider for the financial industry signed a five-year lease renewal for the entire ninth and 10th floors.
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