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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


Extell looking to sell Hudson Yards rental tower for $775M
10/03/18
...sale of Starrett City to Brooksville Company and Rockpoint Group in May, and this summer the Dermot Company and Dutch pension fund PGGM agreed...

The rental market is soft. So why are multifamily deals piling up?
09/17/18
...sale of Starrett City to Brooksville Company and Rockpoint Group in May. “This time last year I felt like I was chasing ghosts,” said...

Familiar face in contract on Ruben Companies’ One Dag Hammarskjöld Plaza
09/07/18
...Clockwise from left: Rockpoint Group...

City strikes deal to preserve more than 650 affordable apartments in Manhattan and Brooklyn
08/15/18
...and block the sale of the complex to Rockpoint Group and Brooksville Company, but a state judge rejected the claim...

Luxury retailer Loro Piana to open new shop in Meatpacking District
08/08/18
...in addition to this one, not a replacement. Rockpoint Group and Highgate Hotels recently began looking to sell their leasehold interest at 412 West 15th...

Rockpoint, Highgate look to sell Meatpacking office development for $350M
08/01/18
...Gelb (bottom) (Credit: Fogarty Finger, Field Condition, and Rockpoint Group) Rockpoint Group and Highgate Hotels are looking to sell their record-setting office development in...

The 10 biggest Brooklyn deals in Q2 2018
07/27/18
...Pennsylvania Avenue, approximately $887.3 million Buyer: Brooksville Company and Rockpoint Group Seller: Starrett City Associates The gargantuan Starrett City sale was the largest deal in...

Highgate: The quiet hotel powerhouse
07/23/18
...million to Highgate Hotels and its private-equity backer Rockpoint Group, which pumped $140 million into fixing it up and renamed it the Row NYC Hotel...

Qatari firm lands $290M loan for Times Square hotel
07/20/18
...was previously owned by a joint venture between Rockpoint Group, Highgate Hotel and Goldman Sachs. Mack Real Estate has been actively lending across the...

New York State investigates Kushner over construction harassment allegations
07/16/18
...unsafe conditions. Kushner Companies, along with LIVWRK and Rockpoint Group, bought the property for $275 million in 2015 and started converting many of the 338 apartments into...

Family feud: children of Starrett City developer’s widow suing her for $16M
06/27/18
...to the New York Post. Brooksville Company and Rockpoint Group closed on the massive Brooklyn affordable housing complex in May, which is partially owned...

Why more and more investors turning to real estate syndication
06/25/18
...Donald Trump) when it opened in 1974. This September, Rockpoint Group and Brooksville Company went into contract to buy the complex for a price – estimates...

These were the top 10 outer borough loans in May
06/19/18
...spot, followed by a roughly $500 million loan to Rockpoint Group and Brooksville Company for Starrett City in East New York. Other notable loans from...

Live Nation inks lease at building next to Meatpacking HQ
05/14/18
...Walton Live Nation inked a 20,756-square-foot lease at Rockpoint Group and Highgate’s 412 West 15th Street, next door to its current Meatpacking District office...

Starrett City deal closes for $905M
05/08/18
...Gelb UPDATED: May 8, 8:10 p.m.: Brooksville Company and Rockpoint Group have officially closed on their $905 million deal for Starrett City, the sprawling Brooklyn affordable-housing...

Hell without the L?: Here’s how real estate players are bracing for the train shutdown
05/08/18
...conversion at 184 Kent Avenue, undertaken by Kushner Companies, Rockpoint Group and LIVWRK. The 338-unit project has a projected sellout of $414 million, TRD reported. A...

Here are SoFla’s biggest commercial deals
03/30/18
...million loan. 1221 Brickell Avenue 7. 1221 Brickell Price: $155 million Buyer: Rockpoint Group Seller: Blackstone Group, LaSalle Investment Rockpoint Group went on a spending spree this PAST...

Blackstone buys stake in Rockpoint
03/13/18
...Blackstone Group bought a passive, minority stake in Rockpoint Group, the company announced Tuesday. Terms of the deal weren’t publicized. The vehicle that...

Meet the quiet powerhouse that became Manhattan’s busiest hotel buyer
02/27/18
...million to Highgate Hotels and its private-equity backer Rockpoint Group, which pumped $140 million into fixing it up and renamed it the Row NYC Hotel...

Did the NYC multifamily market almost die in 2017?
02/22/18
...One major example was Boston-based private equity firm Rockpoint Group and partner Brooksville Company’s $905 million pending purchase of Starrett City in Brooklyn, in...

1 West Avenue with Deutche's John Cryon and 1330 Sixth Avenue with DekaBank's Michael Rüdiger
These were the top Manhattan real estate loans in January
02/19/18
...previously unreported. 5) Taking over the building - $245 million Rockpoint Group borrowed $245 million from Prudential Mortgage Capital Company to finance the fee interest in 1700 Broadway...

French asset manager signs record deal in the Meatpacking District
02/19/18
...a lease for the top two floors at Rockpoint Group’s new development at 412 West 15th Street, sources told The Real Deal. The 11-year...

Google made Meatpacking an office destination. But the neighborhood can’t keep up with the giant’s rabid demand
02/15/18
...Romanoff Equities and Property Group Partners' 860 Washington Street, RockPoint Group...

The NYC investment sales market has a new No. 1 firm. Here’s who it is
02/06/18
...were not counted in the ranking. Those include Rockpoint Group and Brooksville Company’s $905 million purchase of Starrett City; WeWork and Rhone Group’s...

The investment sales shakeout
...were not counted in the ranking. Those include Rockpoint Group and Brooksville Company’s $905 million purchase of Starrett City; WeWork and Rhone Group’s...
Tom Gilbane
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...
Keith-Gelb
Keith Gelb
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...
For more info, click here
  • Event Office Leasing
  • Address 413 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 33,192
  • Publication Date 10/08/2018
  • Event Date 10/04/2018
  • Party 1 Rockpoint Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Paul Amrich, Neil King, James Ackerson
  • Party 2 Spaces
  • Party 2 Brokerage JLL
  • Party 2 Broker Jim Wenk, Kirill Azovtsev
notes
The flexible workspace provider signed a 15-year lease for the Chelsea building.
For more info, click here
  • Event Office Leasing
  • Address 412 West 15th Street
  • Neighborhood Meatpacking District
  • Borough Manhattan
  • Square feet 20,756
  • Publication Date 05/15/2018
  • Event Date 05/11/2018
  • Party 1 Rockpoint Group, Highgate Holdings
  • Party 1 Brokerage CBRE
  • Party 1 Broker James Ackerson, Paul Amrich, Neil King
  • Party 2 Live Nation
  • Party 2 Brokerage Newmark Knight Frank
  • Party 2 Broker Eric Zemachson, Chris Mongeluzo
notes
The concert promoter and venue operator inked a lease for the 2nd and 3rd floors of the Meatpacking District building.
For more info, click here
  • Event Sales
  • Address 1700 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 626,000
  • Price $ 465,000,000
  • Publication Date 02/06/2018
  • Event Date 01/30/2018
  • Party 1 Ruben Companies
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Douglas Harmon, Adam Spies, Kevin Donner
  • Party 2 Rockpoint Group
notes
The buyer acquired the Midtown oficer tower for $465 million.
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  • Event Financing
  • Address 44 West 44th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 36,400,000
  • Publication Date 09/01/2017
  • Event Date 08/04/2017
  • Party 1 Highgate; Rockpoint Group
  • Party 2 Deutsche Bank
notes
The joint venture obtained a loan.
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  • Event Financing
  • Address 413 West 14th Street
  • Neighborhood West Chelsea
  • Borough Manhattan
  • Square feet 32,741
  • Price $ 117,000,000
  • Publication Date 08/01/2017
  • Event Date 06/21/2017
  • Party 1 Rockpoint Group
  • Party 2 Bank of the Ozarks
notes
The real estate private equity fund received a loan
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • Event Sales
  • Address 184 Kent Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 338
  • Price $ 275,000,000
  • Price per foot $ 813,609.47
For more info, click here
  • Event Sales
  • Address 200 East 82nd Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Price $ 218,000,000
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  • 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
For more info, click here
  • 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.
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  • 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
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  • Event Sales
  • Address 205 East 45th Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 115,000,000
notes
The Alex Hotel sold for $115 million.
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  • 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.
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  • 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
For more info, click here
  • 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.
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  • Event Sales
  • Address 700 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Price $ 200,000,000
notes
The Milford Plaza Hotel sold for $200 million.
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  • 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.
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  • 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
414 West 15th Street
Manhattan, 10011
ROCKPOINT GROUP | HIGHGATE HOLDINGS | MEILMAN FAMILY REAL ESTATE, 412W15 LESEE, L.P.
This property is a new development. The developer(s) filed plans in June of...
522 Fifth Avenue
Manhattan, 10036
522 Fifth Avenue, on the corner of 44th Street, is a 23-story office...
605 Third Avenue
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605 THIRD AVENUE FEE
605 Third Avenue is a 551-foot tall office skyscraper in the Murray Hill...
135 West 52nd Street Condominium (The)
Manhattan, 10019
CHETRIT GROUP, 135 WEST 52ND STREET OWNER LLC
The sponsor(s) filed plans on 08/21/13 for a condo project at 135 West...

The 10 most valuable Brooklyn condo filings accepted in 2016
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...

Brooklyn’s (next) boom
...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...

Private equity’s new game plan
...the financial crisis, private funds such as Blackstone, Rockpoint Group and Savanna were among the few players with money to spend. While banks and...

Real Estate’s Rising Stars
...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...

Commercial side’s ‘flight to quality’
...Takashimaya Building at 693 Fifth Avenue for $142 million, and Rockpoint Group...
414 West 15th Street
Manhattan, 10011
ROCKPOINT GROUP | HIGHGATE HOLDINGS | MEILMAN FAMILY REAL ESTATE, 412W15 LESEE, L.P.
This property is a new development. The developer(s) filed plans in June of...
135 West 52nd Street Condominium (The)
Manhattan, 10019
CHETRIT GROUP, 135 WEST 52ND STREET OWNER LLC
The sponsor(s) filed plans on 08/21/13 for a condo project at 135 West...