Safra Family | The Real Deal New York

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Safra Family

The Safra Family is an influential and powerful banking and real estate family renowned for its secrecy and enormous resources. The family set its roots with original patriarch Joseph Safra, who became known as a shrewd banker in the Ottoman Empire. Later, the family moved its operations to Brazil and later Switzerland, where Edmond Safra helped create the Trade Development Bank. The family began U.S. operations in the 1960s, establishing Republic National Bank of New York (which was later sold to HSBC for $10 billion). Today, Joseph Safra (son is considered one of the richest bankers in the world. The family has been a player in the worldwide real estate market, with an aim to primarily buy assets to hold them and preserve wealth rather than flip them for immediate profit. In 2014 the family purchased the Gherkin skyscraper at 30 St. Mary Axe in London for $1.1 billion in 2014, as well as townhouses in Manhattan’s Upper East Side and office space downtown.


07/17/17
...Safra & Co. and SPNY Capital LP. The Safra family made headlines in 2015, when they tried to sell three townhouses on the Upper East...

03/22/17
...at 767 Fifth Avenue Owners: Boston Properties, Zhang Xin, Safra family In 2008, Harry Macklowe's luck ran out, and Boston Properties came calling. The real estate...

01/14/17
...is listed for $75 million. Owned by the billionaire Safra family, the two limestone townhouses above were listed for sale in 2015 as a trio with...

08/25/16
...Co., the New York-based investment firm of the Safra family. In March 2014, a QIA subsidiary picked up the InterContinental Barclay hotel at 111 East 48th...

07/11/16
...a former executive said. Late last year, the Safra family filed plans to add apartments and hotel rooms to the top of the 475,000-square-foot...

05/18/16
...s owners – Boston Properties, Zhang Xin and the Safra Family – to take all or part of FAO Schwarz’ former 61,000-square-foot space, the New York...

05/11/16
...contiguous Upper East Side townhouses owned by the Safra family that hit the market for $120 million last year are being split up into separate...

05/09/16
...in partnership with Beijing-based Soho China and the Safra family. Itau is currently searching for a new, cheaper location to house its New York...

03/08/16
...Sitt. Eddie claims Ralph made deals with the Safra family on behalf of the Sitt family firm, Sitt Asset Leasing, without his consent. Eddie...

02/07/16
...vogue. And if you can’t afford the Safra family’s $120 million three-townhouse combination, there is another mansion combination for a much more reasonable...

02/04/16
...on the market – that distinction belongs to the Safra family’s three townhomes at 12-16 East 82nd Street, which are being marketed for a...

01/13/16
...partnership between Boston Properties, Soho China and the Safra family, saw three leases cross the $200-per-square-foot threshold, a new record for the city, the...

12/10/15
...Avenue It's Rachel Green's dream come true. The Safra family plans to add 54 apartments and hotel rooms above Barney's New York at 660 Madison Avenue...

10/05/15
...at $1.5 billion, reportedly entering into discussions with the Safra family. But the owner changed tack in April, opting to pursue a loan instead. The...

08/20/15
...a minority stake in the building to Brazil's Safra family, but the deal ultimately fell through.   – Ariel Stulberg...

07/14/15
...The homes are owned by the Brazilian billionaire Safra family, and have reportedly been quietly on the market for over a year.  -- Tess...

06/16/15
...Side townhouses being marketed for $120 million by the Safra family, a clan of Brazilian billionaires. The townhouses, at 12, 14 and 16 East 62nd Street, have reportedly...

06/06/15
...The East 62nd Street and Lily Safra The Safra family, a discreet band of Brazilian billionaires, have listed three East 62nd Street townhouses for...

05/01/15
...market. In March, it was reported that the Safra family was eyeing the deal. CBRE’s Harly Stevens, Michael Geoghegan, Chris Mansfield and Jim...

04/20/15
...the building and developed the property in 1983. The Safra family of Brazil was reportedly in talks to acquire a minority stake in 590 Madison Avenue...

04/16/15
...is accusing Safra Bank, led by the billionaire Safra family, of stepping into his family feud. Safra Bank is suing Sitt Asset Management co-founder...

03/10/15
...left: 590 Madison Avenue and developer Edward Minskoff The Safra family of Brazil is in late-stage discussions to acquire a minority stake in 590 Madison Avenue...

11/10/14
...Building Moise Safra. Earlier this year, the Joseph Safra family purchased a $26 million Soho property. The Gherkin is located in London's financial district, where...

03/07/14
...Sitt Asset Management and an affiliate of the Safra family paid $26 million for 145 Spring Street, an eight-story loft building with residential units and retail...

03/05/14
...Safra and 145 Spring Street A partnership between a Safra family...
Manhattan, 10022
767 FIFTH PARTNERS LL
The General Motors Building is a 50-story office tower located at 767 Fifth...
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