Wells Fargo | The Real Deal New York

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Wells Fargo

150 East 42nd Street
New York, NY 10017
(800) 869-3557
Website

Wells Fargo is the nations fourth-largest bank by assets with $1.527 trillion in 2013. The San Francisco-based firm also recorded revenue that year of $83.78 billion.

While it is the nations biggest mortgage lender, Wells Fargo is not that well-known in New York City, a fact the bank has been trying to change since it acquired Wachovia in the throes of the Great Recession in 2008. The bank announced in early 2014 it would be expanding its number of branches, bankers and loan-brokering in the city. It has also beefed up its capital-markets team and has increased its presence on Wall Street.

Wells Fargo is led in the New York metropolitan area by Joseph Kirk, its regional president. The banks origins stretch back to the California Gold Rush in the mid-1800s, but the modern Wells Fargo dates from a merger in 1988. -TA


10/18/18
...collection. “I have a nice collection. About 2,000 bottles,” Wells Fargo Multifamily Capital group head Alan Wiener recently told TRD. “I’m very eclectic. I...

10/17/18
...report by the National Association of Homebuilders and Wells Fargo. — David Jeans...

10/16/18
...report by the National Association of Homebuilders and Wells Fargo. It was first reported by Bloomberg. The more positive feeling is in line with...

10/16/18
...from New York State Housing Finance Agency, with Wells Fargo acquiring $135 million in previous bonds and assuming $85 million in new debt from HFA. 7) RFR's...

10/14/18
...non-bank lenders specialized in high-risk loans. Together, BoA, Wells Fargo and Citigroup have loaned $345 billion to such lenders. -- Erin Hudson...

10/14/18
...storm. Elyse Greenspan, an insurance stock analyst with Wells Fargo Securities, told the Wall Street Journal that reinsurers based in Europe, Bermuda and other...

10/13/18
...property records. Atkins is a former CFO of Wells Fargo & Co. The Spanish contemporary home was overhauled two years ago, which boosted the...

10/11/18
...Mortgage, told the Journal. In recent months, both Wells Fargo and JP Morgan announced significant layoffs to the consumer mortgage divisions, which they attribute...

10/11/18
...to New York’s Chinese communities. Lenders including Wells Fargo, JP Morgan Chase and TD Bank now offer Chinese-language services at their branches, while...

10/11/18
...Reserve chair Janet Yellen, her successor Jerome Powell, Wells Fargo CEO Tim Sloan and Goldman Sachs all agree on one thing: commercial real estate...

10/08/18
...Canaan Partners and Camber Creek. Its clients include Wells Fargo, Boston Properties, Tishman Speyer and Carlyle Group, who reportedly pay around $50,000 a year for...

10/05/18
...according to the Wall Street Journal. In August, Wells Fargo said it was laying off 650 mortgage employees. Parts of the mortgage banking industry have...

10/02/18
...th Street in Queens (Credit: Google Maps) A Wells Fargo...

09/21/18
...expand more into real estate by competing with Wells Fargo to finance multifamily homes, and he and Jain are trying to get talent from...

09/20/18
...to mortgage documents filed with the city Thursday. Wells Fargo acquired $135 million in previous bonds and assumed $85 million in newly issued debt from HFA...

09/19/18
...Development is seeking more than $1 million from CitiMortgage, Wells Fargo and other home lenders who have allegedly failed to maintain houses on the brink...

09/19/18
...Coat Factory - with a $120 million loan from Wells Fargo, replacing a 2012 loan from the same lender. 6. New York gets more Moxy - $105 million...

09/18/18
...The financing replaces a prior $106.7 million loan from Wells Fargo. 6) Sands (Street) of Time – $157 million Breaking Ground, one of the most prolific affordable housing...

09/17/18
...Wells Fargo CFO John Shrewsberry and a Wells Fargo bank sign (Credit: Yale School of Management and Mike Mozart via Flickr) Wells Fargo...

09/15/18
...struggled to sell for $65 million. Court records show Wells Fargo, the trustee on the hotel’s $20 million loan, is working through foreclosure proceedings with...

09/14/18
...Mark Lanspa, executive vice president of hospitality at Wells Fargo. “You look at the sum, but also split apart what they’re each worth...

09/13/18
...for $3.9 million, The Hour reported. A unit of Wells Fargo bought the property from the company, which filed for bankruptcy almost a year ago...

09/12/18
...to England’s Earls of Essex seeks $12.5M, Wells Fargo unit scoops up vacant Toys “R” Us store in Norwalk for $3.9M, Trumbull office...

09/04/18
...Bank’s Christian Sewing and 1 Manhattan West and Wells Fargo’s Timothy J. Sloan (Credit: Wikipedia and Deutsche Bank) Banks backed three major components...

08/30/18
...s where the affordability issue is most acute," Wells Fargo economist Charles Dougherty told the outlet. “People are hesitant to stretch the amount they...
  • Event Financing
  • Address 410 West 53rd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 166,518
  • Price $ 71,400,000
  • Publication Date 08/27/2018
  • Event Date 08/24/2018
  • Party 1 Rockrose Development
  • Party 2 Wells Fargo, Fannie Mae
notes
The lender issued a loan of $71.4 million for the Clinton property.
  • Event Financing
  • Address 4 Union Square South
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 262,576
  • Price $ 120,000,000
  • Publication Date 08/20/2018
  • Event Date 08/14/2018
  • Party 1 Vornado Realty Trust
  • Party 2 Wells Fargo
notes
The lender issued a loan of $120 million for the East Village property.
  • Event Financing
  • Address 435 West 31st Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 2,100,000
  • Price $ 530,000,000
  • Publication Date 08/06/2018
  • Event Date 07/31/2018
  • Party 1 Brookfield Property Partners
  • Party 2 Wells Fargo
notes
The lender issued a construction loan of $530 million for the Hudson Yards property.
  • Event Financing
  • Address 1622 York Avenue
  • Neighborhood Yorkville
  • Borough Manhattan
  • Square feet 23,324
  • Price $ 76,400,000
  • Publication Date 07/30/2018
  • Event Date 07/25/2018
  • Party 1 Engel Burman
  • Party 2 Wells Fargo
notes
The lender issued an acquisition/construction loan of $76.4 million for the Yorkville portfolio.
  • Event Financing
  • Address 685 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 101,000
  • Price $ 325,000,000
  • Publication Date 07/09/2018
  • Event Date 07/06/2018
  • Party 1 GGP, Thor Equities
  • Party 2 Bank of America, Wells Fargo
notes
The owners secured a loan of $325 million for the Plaza District property.
  • Event Retail Leasing
  • Address 286 Lenox Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 6,882
notes
The bank inked a 10-year lease for the Harlem space.
  • Event Financing
  • Address 175 Delancey Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 161,040
  • Price $ 17,000,000
  • Publication Date 06/11/2018
  • Event Date 06/05/2018
  • Party 1 Delancey Street Associates
  • Party 2 Wells Fargo, New York City Retirement System
notes
The owner secured a $17 million loan for their Lower East Side property.
  • Event Financing
  • Address 1745 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 345,000,000
  • Publication Date 06/04/2018
  • Event Date 06/04/2018
  • Party 1 Invesco
  • Party 2 Wells Fargo
notes
The owner secured a $345 million loan for the Midtown West office tower.
  • Event Financing
  • Address 7 West 21st Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 288,000
  • Price $ 218,000,000
  • Publication Date 05/15/2018
  • Event Date 05/08/2018
  • Party 1 Friedland Properties, Rose Associates
  • Party 2 Wells Fargo Multifamily Capital
notes
The partnership landed a $218 million mortgage for the luxury apartment building in Flatiron.
  • Event Financing
  • Address 2360 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 680,222
  • Price $ 300,000,000
  • Publication Date 05/15/2018
  • Event Date 05/09/2018
  • Party 1 HFZ Capital Group, Westbrook Partners
  • Party 2 Wells Fargo
notes
The partnership secured a $300 million refinancing loan for the Upper West Side building.
  • Event Retail Leasing
  • Address 437 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,328
  • Publication Date 03/26/2018
  • Event Date 03/21/2018
  • Party 1 William Kaufman Organization
  • Party 1 Brokerage Sage Realty Corporation
  • Party 1 Broker Michael Lenchner
  • Party 2 Wells Fargo
  • Party 2 Brokerage CBRE
  • Party 2 Broker Annette Healey
notes
The bank renewed its long-time flagship location in the Plaza District.
  • Event Office Leasing
  • Address 437 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 2,878
  • Publication Date 03/26/2018
  • Event Date 03/21/2018
  • Party 1 William Kaufman Organization
  • Party 1 Brokerage Sage Realty Corporation
  • Party 1 Broker Michael Lenchner
  • Party 2 Wells Fargo
  • Party 2 Brokerage CBRE
  • Party 2 Broker Annette Healey
notes
The bank renewed its lease for office on the lower level of its flagship store in the Plaza District.
  • Event Financing
  • Address 21 Clark Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 356,000
  • Price $ 106,000,000
  • Publication Date 11/13/2017
  • Event Date 11/08/2017
  • Party 1 Kayne Anderson
  • Party 2 Wells Fargo
notes
The alternative investment firm secured a loan for $106 million.
  • Event Financing
  • Address 140 Essex Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 11,156
  • Price $ 34,000,000
  • Publication Date 11/13/2017
  • Event Date 11/03/2017
  • Party 1 BFC Partners, L+M Development Partners, Taconic Investment, Goldman Sachs
  • Party 2 Wells Fargo
notes
The developers acquired a $34 million construction loan for the affordable senior housing property.
  • Event Financing
  • Address 318 East 15th Street
  • Neighborhood Gramercy Park
  • Borough Manhattan
  • Square feet 112,898
  • Price $ 92,000,000
  • Publication Date 11/01/2017
  • Event Date 10/13/2017
  • Party 1 Bhatia Developmet; Sherwood Equities
  • Party 1 Brokerage Cooper-Horowitz
  • Party 1 Broker Richard Horowitz
  • Party 2 Wells Fargo
notes
The owner acquired a fixed rate refinancing loan for $92 million.
  • Event Financing
  • Address 250 Ashland Place
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Square feet 479,938
  • Price $ 217,500,000
  • Publication Date 10/23/2017
  • Event Date 10/18/2017
  • Party 1 Gotham Organization, Actor's Fund
  • Party 2 Housing Development Corporation, Wells Fargo
notes
The developer acquired a $217.5 million loan backed by the 6 condos that comprise the 53-story building.
  • Event Financing
  • Address 55 Washington Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 448,300
  • Price $ 100,000,000
  • Publication Date 10/01/2017
  • Event Date 09/15/2017
  • Party 1 Two Trees Management
  • Party 2 Wells Fargo
notes
The real estate firm acquired a $100 million refinancing loan for this property, home to Vice Media HQ.
  • Event Financing
  • Address 50 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 2,900,000
  • Price $ 1,500,000,000
  • Publication Date 10/01/2017
  • Event Date 09/13/2017
  • Party 1 Related Companies
  • Party 2 Bank of China, Deutsche Bank, Wells Fargo, HSBC, Sumitomo Mitsui Banking Corporation
notes
The developer closed a $1.5 billion senior construction loan for this building.
  • Event Financing
  • Address 100-00 Rockaway Boulevard
  • Neighborhood Ozone Park
  • Borough Queens
  • Price $ 290,000,000
  • Publication Date 09/01/2017
  • Event Date 08/01/2017
  • Party 1 Genting Group's Resort World Casino
  • Party 2 Wells Fargo
notes
The casino acquired a loan.
  • Event Financing
  • Address 31-40 Whitestone Expressway
  • Neighborhood Whitestone
  • Borough Queens
  • Square feet 110,000
  • Price $ 16,020,447
  • Publication Date 09/01/2017
  • Event Date 06/16/2017
  • Party 1 Storage Deluxe
  • Party 2 Wells Fargo
notes
The buyer acquired a loan.
  • Event Financing
  • Address 375 Pearl Street
  • Neighborhood Two Bridges
  • Borough Manhattan
  • Square feet 822,318
  • Price $ 200,000,000
  • Publication Date 09/01/2017
  • Event Date 08/15/2017
  • Party 1 Sabey Corp.
  • Party 2 Wells Fargo
notes
The development company acquired a loan.
  • Event Financing
  • Address 330 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 845,000
  • Price $ 500,000,000
  • Publication Date 09/01/2017
  • Event Date 07/24/2017
  • Party 1 Vornado Realty Trust
  • Party 2 Wells Fargo
notes
The developer acquired a loan.
  • Event Financing
  • Address 375 Pearl Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 96,000,000
  • Publication Date 08/01/2017
  • Event Date 06/28/2017
  • Party 1 Sabey Corporation
  • Party 2 Wells Fargo
notes
The real estate development company secured a loan
  • Event Financing
  • Address 1465 Park Avenue
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 486,304
  • Price $ 126,500,000
  • Publication Date 08/01/2017
  • Event Date 07/05/2017
  • Party 1 Tahl Propp Equities
  • Party 2 Wells Fargo
notes
The real estate firm acquired a loan
  • Event Financing
  • Address 100-00 Rockaway Boulevard
  • Neighborhood South Ozone Park
  • Borough Queens
  • Square feet 2,000,000
  • Price $ 290,000,000
  • Publication Date 08/01/2017
  • Event Date 07/06/2017
  • Party 1 Resorts World Casino
  • Party 2 Wells Fargo
notes
The casino secured a loan to refinance
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12/27/16
...One Vanderbilt office development from a syndicate including Wells Fargo, The Bank of New York Mellon, JP Morgan Chase, TD Bank and Bank of...

...other way,” said Alan Wiener, group head of Wells Fargo Multifamily Capital, which lent Blackstone and Ivanhoe Cambridge $2.7 billion for their Stuy Town purchase...

...the debt was supplied by its parent company Wells Fargo. Still, according to public records, Eastdil has tapped a wide array of lenders other...

...Management. And, not surprisingly, Eastdil, a division of Wells Fargo, was a ubiquitous player in many of the year’s other priciest deals, from...

12/27/15
...a house because the mortgage rates went up," Wells Fargo CEO John Stumpf said the Goldman Sachs Financial Services Conference earlier this month. "They...

...and Brandon Baron, secured a $300 million loan from Wells Fargo last year. All 825 NYCHA apartments, which span three boroughs, are undergoing a makeover. The...

...Irvine Company. The bank, which was joined by Wells Fargo in the deal, plans to divvy up the 10-year debt into bonds that will...

...Traditionally, syndicates led by domestic banks such as Wells Fargo and Bank of America financed Manhattan’s major residential construction projects. In recent years...

...splash. Eastdil Secured, a division of banking giant Wells Fargo, had their superstar brokers Douglas Harmon and Adam Spies close nine of the top...

...Midtown-based Eastdil Secured, a division of banking giant Wells Fargo, maintained its top position in the investment sales ranking for the third consecutive year...

...with Deutsche Bank. Next was San Francisco–based Wells Fargo, which originated about $3 billion in 47 deals, including participating in a $266 million first mortgage on...

...several mergers, Prudential-Bache is now part of lender Wells Fargo, and has subleased its space at 199 Water to firms including BGC Partners and Allied...

...towers like 1450 Brickell, Brickell World Plaza and the Wells Fargo Financial Center, while the latter, particularly susceptible to the economy, was hard hit by...

...New Jersey, especially in the luxury segment (see "Wells Fargo...

...latest of those sales was in 1999, when lender Wells Fargo Bank bought the firm outright for an undisclosed amount. Eastdil remains an independent subsidiary...

...along. Brokers pointed to recent examples such as Wells Fargo being snubbed at 120 Park Avenue in favor of Bloomberg LP, and law firm WilmerHale...

ANHD
...major banks — Chase, Citibank, Bank of America and Wells Fargo — is steadily declining. The banks combined to provide 45 percent of loans to New York...