Rockpoint Group | The Real Deal New York

The Real Deal New York

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Rockpoint Group

500 Boylston Street, Suite 1880
Boston, MA 02116
(617) 437-8400
Website
info@rockpointgroup.com

Rockpoint Group is a Boston-based real estate private equity fund, founded in 2003 by Bill Walton and Keith Gelb, who continue to manage it. Since inception, Rockpoints funds have raised a total of more than $9 billion in capital commitments, investing or committing about $7 billion of equity in over 200 transactions with total capitalization of about $27 billion.

Notable deals in New York include the $218 million purchase of The Wimbledon, an Upper East Side luxury residential rental property with 223 units, from J.P. Morgan Investment Management at the end of 2014. Rockpoint teamed up with the Feil Organization to buy 83 percent of RCG Longviews 200 West 57th Street office building for just over $120 million in April 2015.  -NE


10/17/17
...other large multifamily deals include Brooksville Company and Rockpoint Group’s $850 million pending purchase of Starrett City and Fairstead Capital’s roughly $100 million purchase...

10/11/17
...including Starrett City, which is under contract with Rockpoint Group and Brooksville Company, where the federal government subsidizes more than 3,000 apartment rents. ​President Trump's...

10/09/17
...year alone, it bought the Royalton hotel with Rockpoint Group for $55 million, the Nyma hotel with Capstone Equities for $52 million and the Affinia Manhattan...

10/08/17
...majority stake deal) Resale date: 2013 Resale gain: $140,567,120 Seller: Rockpoint Group 9 245 First Street Cambridge Purchase date: 2013 Resale date: 2016 Resale gain: $118,650,000 Seller: Jamestown 10 Michelson Irvine Purchase...

09/28/17
...alleging that the $850 million contract of sale to Rockpoint Group and Brooksville Company made earlier this month was inked below market value. One of...

09/26/17
...a debacle didn’t help either. So when Rockpoint Group and Brooksville Company made a go at it this year, the only viable route...

09/20/17
...Keith Gelb and Starrett City Brooksville Company and Rockpoint Group are in talks with Wells Fargo to secure about $470 million in financing for the...

09/11/17
...his own firm, Brooksville, which teamed up with Rockpoint Group on a pair of rentals in FiDi. And last week, the partners teamed up...

09/06/17
...Starrett City in Brooklyn and Rockpoint Group...

08/23/17
...or $580 million. NYRT purchased the building in 2013 from Rockpoint Group and Monday Properties, paying $530 million. Earlier this month, NYRT sold 50 Varick Street for $135 million...

07/03/17
...a redevelopment project in the Meatpacking District by Rockpoint Group, Highgate and the Meilman family. “Argo was one that shocked the market,” said CBRE...

05/12/17
...Nichols House, one of its partners is the Rockpoint Group. Its lenders include Deutsche Bank, Citibank, Natixis, Bank Leumi and M&T Bank...

04/04/17
...last year, Stellar bought out former partner the Rockpoint Group in a deal that valued the property at $650 million.  — Kathryn Brenzel...

03/08/17
...Walton, Roseland's Marshall Tycher and Mack-Cali's Mitch Rudin Rockpoint Group bought a $300 million stake in Roseland Residential Trust, a subsidiary of New Jersey-based developer...

03/06/17
...of 413 West 14th Street (Credit: Rockpoint via Crain's) Rockpoint Group, Highgate and the Meilman family found an anchor tenant for their Meatpacking District office...

02/03/17
...Sam Zell’s Equity Residential for $390 million. The Rockpoint Group bet on Downtown, with the $430 million purchase of two connected buildings at 63 and 67 Wall...

01/23/17
...rooftop restaurant. But in October, private equity firm Rockpoint Group and Atlas Capital Group paid $37 million for 61-71 Wythe Avenue, a two-story, 33,000-square-foot warehouse...

01/20/17
...Kent. Kushner, along with Asher Abehsera's LIVWRK and Rockpoint Group, paid $275 million for the former Wild Turkey distributorship, which had been converted into a...

01/05/17
...plans last year included Kushner Companies , LIVWRK and Rockpoint Group...

01/04/17
...paid $107 million to Atlas Capital Group and the Rockpoint Group to acquire a 99-year ground lease on the property running through 2113. Two years earlier...

12/28/16
...Nichols House 184 Kent Avenue Developer: Kushner Companies, LIVWRK, Rockpoint Group Units: 338 Projected Sellout: $427.3 million Type: Conversion In 2015, Jared Kushner partnered with LIVWRK and the...

12/08/16
...include Fairstead's $315 million purchase of Savoy Park, and Rockpoint Group’s purchase of 63 and 67 Wall Street for $430 million. Isaac Kassirer’s purchase of the...

11/29/16
...for $200 million in 2012. In August, Stellar bought out Rockpoint Group’s 25 percent stake in the project, thus valuing it at $650 million. Elsewhere in NoMad...

11/18/16
...Street was largely responsible for this increase. The Rockpoint Group snapped up the two Downtown residential buildings for about $545,000 per unit from DTH Capital...

11/14/16
...a pair of Financial District rental buildings that Rockpoint Group bought for $430 million in October, sources said. Brooksville will also serve as the building's...
Rockpoint Group, Managing Member
500 Boylston Street, Suite 1880, Boston, MA, (617) 437 8400
Tom Gilbane is a managing member at Rockpoint Group, a Boston-based real estate...
Rockpoint Group, Founding Managing Member
500 Boylston Street, Suite 1880, Boston, MA, (617) 437 8400
Keith Gelb is a founding managing member of Rockpoint Group, a Boston-based real...
  • Event Office Leasing
  • Address 413 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 48,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 Rockpoint Group, Highgate, Meilman Family
  • Party 2 Argo Group
notes
The Bermuda-based insurer signed a lease, taking the top two floors.
  • Event Financing
  • Address 67 Wall Street
  • Neighborhood Wall Street
  • Borough Manhattan
  • Square feet 400,000
  • Price $ 280,000,000
notes
The company secured a $280 million loan for the multifamily towers.
  • Event Sales
  • Address 71 Wythe Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 33,000
  • Price $ 37,000,000
notes
The home of the Brooklyn Bowl and Brooklyn Brewery sold for $37 million.
  • Event Sales
  • Address 1 Soho Square
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 750,000
  • Price $ 650,000,000
  • Price per foot $ 866.00
notes
A 40% interest in the office and retail project sold for $650 million.
  • Event Sales
  • Address 442 Lorimer Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 60,000,000
notes
The rental portfolio sold for $60 million and included 164 Havemeyer Street and 181 Havemeyer Street.
  • Event Office Leasing
  • Address 161 Sixth Avenue
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 26,022
notes
The office management company singed a 10 year lease.
  • Event Sales
  • Address 421 West 14th Street
  • Neighborhood Meatpacking
  • Borough Manhattan
  • Square feet 50,214
  • Price $ 23,000,000
  • Price per foot $ 458.04
  • Publication Date 03/01/2016
  • Event Date 01/01/2016
  • Party 1 Meilman Family Real Estate
  • Party 2 Rockpoint Group
notes
A $23 million ground lease was signed including 421 West 14th Street and 436 West 15th Street.
  • Event Sales
  • Address 184 Kent Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 338
  • Price $ 275,000,000
  • Price per foot $ 813,609.47
  • Event Financing
  • Address 200 East 82nd Street
  • Neighborhood Yorkville
  • Borough Manhattan
notes
A $115 million acquisition loan was provided for the mixed-use building. 28-story
  • Event Sales
  • Address 200 East 82nd Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Price $ 218,000,000
  • Event Office Leasing
  • Address 430 West 15th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 77,293
notes
The data analytics company signed a 15-year lease to occupy the second through seventh floors, and parts of the ground floor and lower level. The reported asking rent was between $90 and $100 per square foot.
  • Event Office Leasing
  • Address 430 West 15th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 77,293
notes
The analytics company signed a 15-year lease to occupy the second through seventh floors. The reported asking price was between $90 and $100
  • Event Sales
  • Address 205 East 45th Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 115,000,000
notes
The Alex Hotel sold for $115 million.
  • Event Sales
  • Address 790 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 275,000,000
notes
The Manhattan at Times Square Hotel sold for $275 million, the New York Observer reported.
  • Event Sales
  • Building Name 55 East 42nd Street and 49 East 52nd Street
  • Address 49 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,241,837
  • Price $ 569,100,000
  • Price per foot $ 458.27
  • Publication Date 12/01/2011
  • Event Date 10/22/2011
  • Party 1 Rockpoint Group
  • Party 1 Brokerage CBRE
  • Party 2 Soho China
notes
Rockpoint Group received $569.1 million for its 49 percent share of Park Avenue Plaza, at 55 East 42nd Street, and the smaller office building at 49 East 52nd Street. Rockpoint first bought into Park Avenue Plaza last year for around $330 million, or $570 per square foot.
  • Event Sales
  • Address 55 East 42nd Street, 49 East 52nd Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 569,100,000
  • Publication Date 12/01/2011
  • Event Date 10/17/2011
  • Party 1 Rockpoint Group
  • Party 1 Brokerage CBRE
  • Party 2 Soho China
  • Event Sales
  • Address 700 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Price $ 200,000,000
notes
The Milford Plaza Hotel sold for $200 million.
  • Event Sales
  • Address 1140 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 191,000
  • Price $ 97,500,000
  • Price per foot $ 510.47
notes
SL Green sold its leasehold interest in the property for $97.5 million, or $510 per square foot. Stellar Management is acquiring the property in a joint venture with its longtime partner Rockpoint Group. The property was acquired by SL Green in 1997 in conjunction with its initial public offering and is subject to a ground lease with an initial maturity of 2016. SL Green expects to recognize a gain in excess of $60 million.
  • Event Sales
  • Address 522 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 575,000
notes
JP Morgan will move to 245 Park Ave next spring
Manhattan, 10011
Rockpoint Group | Highgate Holdings | Meilman Family Real Estate, 15TH STREET HOLDCO L.P.
...
Manhattan, 10036
522 Fifth Avenue, on the corner of 44th Street, is a 23-story office...
Manhattan, 10016
605 THIRD AVENUE FEE
605 Third Avenue is a 551-foot tall office skyscraper in the Murray Hill...
Manhattan, 10019
Chetrit Group, 135 WEST 52ND STREET OWNER LLC
135 West 52nd Street, formerly Midtown Flatotel hotel, is being converted to a...

12/28/16
...Nichols House 184 Kent Avenue Developer: Kushner Companies, LIVWRK, Rockpoint Group Units: 338 Projected Sellout: $427.3 million Type: Conversion In 2015, Jared Kushner partnered with LIVWRK and the...

...Meanwhile, Kushner Cos., along with LIVWRK and the Rockpoint Group, is converting 338 rentals at Williamsburg’s 184 Kent Avenue into condos. Of course, Brooklyn sales...

...the financial crisis, private funds such as Blackstone, Rockpoint Group and Savanna were among the few players with money to spend. While banks and...

...reuse. Jared Kushner, with partners LIVWRK and the Rockpoint Group, recently bought the building for $275 million. Schuster also co-founded a non-profit called the Bicol...

...Takashimaya Building at 693 Fifth Avenue for $142 million, and Rockpoint Group...
Manhattan, 10011
Rockpoint Group | Highgate Holdings | Meilman Family Real Estate, 15TH STREET HOLDCO L.P.
...
Manhattan, 10019
Chetrit Group, 135 WEST 52ND STREET OWNER LLC
135 West 52nd Street, formerly Midtown Flatotel hotel, is being converted to a...
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