TPG Capital | The Real Deal New York

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TPG Capital

888 7th Ave., 35th Floor
New York, NY 10106
(212) 601-4700
Website
info@tpg.com
TPG Capital

TPG Capital is a private equity firm. Originally founded in 1992 and known as Texas Pacific Group, the firm has since 2009 made gradual inroads in real estate investment. A relative newcomer to the real estate world, TPG has forged partnerships with other investors and state pensions to break into real estate. The Texas-based companys modus operandi has been to invest in primarily real estate companies, rather than in real estate directly (though it has invested in some California malls, apartments in Florida, and various office buildings). Among the firms it has purchased in recent years are commercial brokerage Cassidy Turley in 2014, as well as brokerage firm Cushman & Wakefield. In 2015, TPG made a greater push into real estate, first purchasing $2.5 billion in high-yield real estate loans from Deutsche Bank AG and then raising another $2 billion for a real estate fund. The funds were earmarked for high-risk real estate. TPGs real estate arm now manages roughly $6 billion in assets.


06/14/16
Following its $2 billion merger with DTZ last year, Cushman & Wakefield is negotiating for a new, consolidated headquarters to anchor L&L Holding’s unique overhaul...

03/22/16
The Related Cos. and GreenOak Real Estate are proceeding with a planned office conversion in Long Island City. ...

12/17/15
Vornado Realty Trust completed a $375 million refinancing of its 888 Seventh Avenue office tower in Midtown, the real estate investment trust announced Thursday. The...

08/28/15
...extension to open Sept. 13 4. Greta Guggenheim leaves Ladder to run TPG Capital Real Estate arm  5. Bill Ackman's not worried about China stock...

08/12/15
After shopping around his East Village rental building known as Bloom 62 for months, Ben Shaoul opted not to sell – and instead secured $63...

01/02/15
UPDATED, 7:35 a.m., Jan. 4: An affiliate of DTZ Investment Holdings closed Wednesday on the acquisition of the U.S. brokerage Cassidy Turley, a transaction that...

12/18/14
Cushman & Wakefield’s acquisition of the local brokerage Massey Knakal Realty Services for a reported $100 million looks set to be the biggest shakeup in...

11/04/14
...and DTZ office at 1271 Sixth Avenue in Midtown Private-equity firm TPG Capital is set to close on the $1.1 billion acquisition of global...

08/25/14
It’s no surprise that Uber, Instagram and Buzzfeed are attracting big-name technology investors. The three upstart businesses are rattling the cages of established industries and...

08/21/14
...in-house 3. Brooklyn developer looking to quietly unload UWS church: sources 4. TPG Capital in talks to acquire Cassidy Turley 5. Developers, brokers are getting...

08/19/14
...Turley president Peter Hennessy and managing principal Joseph Swingle and TPG Capital co-founders David Bonderman, James Coulter and Bill Price III Commercial...

05/21/14
New York Attorney General Eric Schneiderman today reached an agreement with Airbnb over the state’s investigation into the listings at the controversial short-term apartment rental...

03/20/14
...talks for funding that would value the company at $10 billion. TPG Capital, a private-equity firm based in both Texas and California, is...

08/21/13
Barry Sternlicht’s recent $246 million sale of four high-end apartment buildings to Boston-based real estate investment trust Winthrop Realty Trust signals the start of a...

05/08/13
Opportunity real estate funds are increasingly testing out a new profit-making strategy, investing in riskier real estate — such as distressed properties or those with...

07/27/12
The Chinese government will invest $500 million with a real estate private equity fund managed by the Blackstone Group, the Wall Street Journal reported. China’s...

08/18/11
...out of the race, the Wall Street Journal reported, including TPG Capital, which was once considered a front-runner. While several of the...

08/11/11
...investors and banks, including Lone Star Funds, Blackstone Group and TPG Capital, to win Bank of Ireland’s $1.4 billion U.S. commercial...

08/10/11
...the deadline yesterday, Blackstone Group, Lone Star Funds, LNR Property, TPG Capital, Colony Capital, Area Property Partners, Starwood Capital Group, Five Mile...

08/08/11
...Leading contenders for the portfolio include the Blackstone Group and TPG Capital, sources said. When Anglo selected Eastdil Secured to broker the...

06/22/11
...Group; and Avi Banyasz, managing principal at private equity firm TPG Capital. Spies: Is the (investment sales) market overheated? Are values getting...

01/11/11
...kitchen" is a misnomer 4. Westbrook's Avi Banyasz to depart for TPG Capital 5. Developers price-chop One Jackson Square penthouse by $2.8M after more...

12/22/10
...M 5. Warehouse owner ProLogis to sell $505M in assets to TPG Capital 6. New legislation would mean feds foot the bill for cleanup...
  • Event Financing
  • Address 21-09 Borden Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 60,800,000
notes
The company secured a $60.8 million loan.
  • Event Financing
  • Address 416 West 52nd Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 122,800,000
  • Publication Date 10/01/2015
  • Event Date 08/22/2015
  • Party 1 Gaia Real Estate
  • Party 2 TPG Capital
notes
The firm received a $122.8 million acquisition loan.
  • Event Office Leasing
  • Address 888 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 100,000
  • Price per foot $ 115.00
notes
[EMPTY]

Two firms dominated the high-value commercial mortgage brokerage business in New York City last year: Eastdil Secured and Meridian Capital Group, an ...
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