Solow Realty & Development | The Real Deal New York

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Solow Realty & Development

9 West 57th Street
New York, NY 10019
(212) 751-1100
Website
info@solo9w57.com

Solow Realty & Development is a real estate developer of residential and office towers. The firm gained notoriety after building in the 1970s the high-end office tower 9 West 57th Street (known alternately as the Avon building and the Solow building). Solow the firm and Sheldon Solow the owner both have had a track record of being rather litigiousincluding suing the former corporate tenants of 9 West 57th Street, as well becoming embroiled in a legal battle involving the firms former lawyer, who was sentenced for issuing fake promissory notesthe firm also has faced lawsuits from the other end.The firms development activity tapered off following the economic collapse in 2008, after it lost millions in collateral, but has since rebounded. Solow also owns a number of properties along the West Side of Manhattan.


09/11/18
UPDATE: An earlier version of this article omitted some of the brokers involved in deal #6 at 1619 Broadway. August’s top office leases secured less...

09/13/17
From the September issue: New York City has a long, storied tradition of families shaping its skyline. Family-run businesses like the LeFrak Organization, Tishman Speyer,...

New York City has a long, storied tradition of families shaping its skyline. Family-run businesses like the LeFrak Organization, Tishman Speyer, Rudin Management and the...

02/16/16
Sheldon Solow’s Solow Realty & Development Co. secured $154 million to Refinance Two Sutton Place North on the Upper East Side. Walker & Dunlop arranged...

Strong activity in smaller and mid-sized Manhattan office deals, combined with little new supply, helped firm up the Manhattan commercial leasing market during the third...

Some of the briskest development in Manhattan may soon happen on the far East Side, past First Avenue, in moves that would alter the landscape...
Solow Realty & Development, CEO
9 West 57th Street, New York, NY, (212) 249-7500
Sheldon Solow is a vetaran Manhattan real estate developer, and the CEO of...
  • Event Office Leasing
  • Address 9 West 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 69,000
  • Price per foot $ 200.00
  • Publication Date 08/20/2018
  • Event Date 08/14/2018
  • Party 1 Solow Realty & Development
  • Party 1 Brokerage JLL
  • Party 1 Broker Scott Panzer
  • Party 2 Apollo Global Management
  • Party 2 Brokerage CBRE
  • Party 2 Broker Stephen Siegel, Michael Geoghegan, Michael Wellen, Paul Stimpfle, Peter Gamber
notes
The private equity firm inked a deal to expand its 15-year lease for the Plaza District space at $200 per square foot.
  • Event Financing
  • Address 523 East 72nd Street
  • Neighborhood the Upper East Side
  • Borough Manhattan
  • Square feet 14,718
  • Price $ 85,000,000
notes
The real estate developer acquired a loan.
  • Event Financing
  • Address 9 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 1,200,000,000
notes
The company secured a $1.2 billion loan.
  • Event Sales
  • Address 16 West 57th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 24,000
  • Price $ 128,000,000
  • Price per foot $ 5,333.33
notes
The building sold for $128 million.
  • Event Financing
  • Address 1113 York Avenue
  • Neighborhood Sutton Place
  • Borough Manhattan
  • Price $ 154,000,000
notes
The company refinanced a $154 million loan.
  • Event Retail Leasing
  • Address 20 West 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 7,700
notes
The home furnishings and gifts retailer signed a long-term lease to relocate its store. It is currently located at 14 West 57th Street.
  • Event Sales
  • Address 20 West 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 37,000
  • Price $ 60,000,000
  • Price per foot $ 1,621.62
notes
The property sold for $60 million, or $1,611 per square foot.
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