Westbrook Partners | The Real Deal New York

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Westbrook Partners

645 Madison Avenue
New York, NY 10022
Website
info@westbrookpartners.com
Westbrook Partners

Westbrook Partners is a privately held real estate investment firm headquartered in New York City with around $20 billion in its investment portfolio. It has offices in Washington, D.C., Palm Beach, San Francisco, Los Angeles, Europe and Japan.

The firm is best known in New York for its acquisition of controlling or total stakes in major commercial properties. For instance, in early 2015, Westbrook picked up near-total control of the office buildings at 1375 Broadway and 31 Penn Plaza. About six months before this, Westbrook picked up the Standish Hotel in Brooklyn Heights for $60 million.

Westbrook has faced severe and well-publicized pushback from tenants and government officials in London for rent hikes and allegedly sluggish repairs at properties it has acquired. The firm has also faced legal scrutiny closer to home, where New York state Attorney General Eric Schneiderman ordered Westbrook and its partner, Normandy Real Estate, to fire property managers and to make repairs.

Paul D. Kazilionis started Westbrook in 1994 and is its CEO. The firm's headquarters are at 645 Madison Avenue.


12/28/16
A converted Williamsburg warehouse that was once the base of operations for a prominent bourbon distributor was the priciest condominium filing approved by the New York...

12/27/16
Brooklyn investor Abraham Fruchthandler has scooped up an 86,000-square-foot building in Flatbush for $31 million, property records show. Tilden Hall — a nine-story building located...

12/16/16
...City Council gave the final green light on Thursday to Westbrook Partners and Atlas Capital Group's proposed 1.7 million-square-foot redevelopment of the St...

12/06/16
...at 223 North 8th Street in Williamsburg UPDATED: Dec. 7, 11:28 a.m.: Westbrook Partners and Largo are cashing out on their development of the...

12/05/16
A key City Council committee approved the $100 million transfer of air rights Monday from Pier 40 to St. John’s Terminal, all but paving the...

12/02/16
...Hall Street (credit: RXR) and Scott Rechler RXR Realty and Westbrook Partners are moving forward with their plan to convert over 500,000 square...

12/02/16
A key City Council committee is scheduled to vote Monday on a $100 million transfer of air rights from Pier 40 over the Hudson River...

11/08/16
Ziel Feldman’s HFZ Capital Group completed an approximately $500 million refinancing of four condominium buildings, sources told The Real Deal. JPMorgan Chase and Oaktree Capital...

11/03/16
...to move forward, the local councilmember Corey Johnson said developers Westbrook Partners and Atlas Capital Group were apparently exploring a “hybrid plan...

10/26/16
...on the proposed 1.7 million-square-foot project across from Pier 40 by developers Westbrook Partners and Atlas Capital. And this one could be a deal-breaker...

10/20/16
The Landmarks Preservation Commission intends to introduce next month a new extension for the South Village Historic District, appeasing preservationists and possibly paving the way...

10/20/16
Savanna is finalizing a deal to purchase the historic, 658,000-square-foot Falchi Building in Long Island City from Jamestown Properties for north of $255 million, or...

10/17/16
The City Planning Commission approved the sale of air rights from the Hudson River Park Trust to developers who plan to construct a five-building, 1.7 million-square-foot complex...

10/10/16
...Saint John’s Termina's elevated park UPDATED, 5:03 p.m., Oct. 10: Westbrook Partners and Atlas Capital Group are scrapping plans for big-box retail...

09/26/16
...Clinton probably shouldn't bank on a vote from executives at Westbrook Partners. The investment firm refused to let the presidential nominee sublease...

09/20/16
Normandy Real Estate Partners and Jonathan Zamir’s Keystone Equities are in contract to acquire a Long Island City development site with more than 200,000 buildable...

09/16/16
...Renderings of Saint John's Terminal at 550 Washington Street (Credit: COOKFOX) Westbrook Partners is looking for a developer to provide $100 million to help...

09/15/16
JLL is close to inking a deal to open its first office in Brooklyn. Tags: jll, rxr realty, westbrook partners ...

09/12/16
(Paydirt is a new weekly column that riffs on the biggest NYC real estate news of the moment, providing analysis and historical context on the...

09/09/16
Andrew Chung’s Innovo Property Group and San Francisco-based DivcoWest are in advanced talks to acquire Brooklyn’s tallest office tower, 16 Court Street, in an off-market...

08/31/16
...Pier 40 at Hudson River Park Westbrook Partners and Atlas Capital Group are redeveloping the St. John's Terminal...

08/25/16
Members of the City Planning Commission voiced concerns over the planned St. John’s terminal development at a hearing Wednesday. Tags: city planning commission, westbrook partners...

08/03/16
UPDATED, Aug. 4, 2:02 p.m.: A joint venture between BFC Partners and K&R Preservation acquired an eight-building multifamily portfolio in Brooklyn and the South Bronx...

07/29/16
Josh Gotlib’s Black Spruce Management picked up a portfolio of 14 Hell’s Kitchen walk-up rental buildings for $110 million, sources told The Real Deal. Tags:...

07/25/16
This is one deal that’s right up their alley. Atlas Capital Group is in contract to acquire the North Williamsburg building that is home to...
To see all, go to Advanced Search
Westbrook Partners, COO
645 Madison Avenue, New York, NY
Sush Torgalkar runs the day-to-day operations of Westbrook Partners, a privately held real...
  • Event office Leasing
  • Address 1375 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 28,000
  • Publication Date 01/01/2017
  • Event Date 11/17/2016
  • Party 1 Westbrook Partners
  • Party 1 Brokerage CBRE
  • Party 1 Broker Paul Amrich, Neil King, Patrice Meagher, Meghan Allen 
  • Party 2 Crossix
  • Party 2 Brokerage Savitt Partners
  • Party 2 Broker Marc Schoen and Brian Neugeboren
notes
The healthcare data analytics company signed a lease.
  • Event Office Leasing
  • Address 1375 Broadway
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 17,972
notes
The tech-focused job search firm signed a lease.
  • Event Sales
  • Address 47 Hall Street
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 550,000
  • Price $ 161,000,000
  • Price per foot $ 292.73
notes
The property sold for $161 million is just south of the Brooklyn Navy Yard.
  • Event Financing
  • Address 47 Hall Street
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 665,000
  • Price $ 162,000,000
notes
The company secured a $90 million acquisition loan.
  • Event Financing
  • Address 31 West 27th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 144,000
  • Price $ 69,000,000
notes
The company refinanced a $69 million loan.
  • Event Sales
  • Address 550 Washington Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 1,100,000
notes
The property sold for an undisclosed amount.
  • Event Sales
  • Address 10 Vermilyea Avenue
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 1,700
  • Price $ 38,000,000
  • Price per foot $ 22,352.94
notes
[EMPTY]
  • Event Sales
  • Address 129 First Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 130,000,000
notes
The package of walk-up building sold for $130 million. The properties are located at 201 East 2nd Street, 23 Avenue A, 129 First Avenue, 143 First Avenue, 338-340 East 11th Street, 165-167 Avenue A, 500 East 11th Street, 504 East 12th Street, 191-193 Avenue A, 435 East 12th Street, 516 East 13th Street, 211 Avenue A and 49 and 1/2 First Avenue.
  • Event Sales
  • Address East Village portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 130,000,000
notes
[EMPTY]
  • Event Sales
  • Address 88 Lexington Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 152,310
  • Price $ 82,000,000
  • Price per foot $ 538.38
  • Publication Date 10/01/2012
  • Event Date 08/22/2012
  • Party 1 Halstead Management Company
  • Party 2 Westbrook Partners
notes
The rental building sold for $82 million. The seller acquired the property for $32 million in April 2007 from an entity named New Bilota Equities Coporation NV.
  • Event Sales
  • Address 50 Central Park South
  • Neighborhood Central Park South
  • Borough Manhattan
  • Price $ 105,000,000
  • Publication Date 04/01/2012
  • Event Date 02/21/2012
  • Party 1 Millennium Partners
  • Party 2 Westbrook Partners
notes
The Ritz-Carlton Hotel sold for $105 million, the International Business Times reported. Millennium Partners bought the property for $88.8 million in 2006.
  • Event Sales
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 72,000,000
  • Price per foot $ 365,000.00
notes
The property sold for $72 million, or about $365,000 per unit.
  • Event Sales
  • Building Name 752-758 West End Avenue
  • Address 758 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 161,000
  • Price $ 72,360,000
  • Price per foot $ 449.44
notes
The property sold for $72.36 million. The seller acquired the building in August 2007 for $85.8 million.
  • Event Sales
  • Address 752-758 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 72,360,000
notes
[EMPTY]
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 12,110
  • Price per foot $ 60.00
notes
The management consulting firm signed a 10-year lease on the eighth floor. The tenant is expanding and relocating from a smaller space on the 35th floor.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 5,400
  • Price per foot $ 70.00
  • Publication Date 03/01/2010
  • Event Date 01/20/2010
  • Party 1 Westbrook Partners
  • Party 1 Brokerage CBRE
  • Party 1 Broker Patrice Hayden
  • Party 2 Exotix
  • Party 2 Brokerage CBRE
  • Party 2 Broker Roshan Shah
notes
The London-based investment bank signed a 10-year lease for the entire 36th floor. The tenant will be relocating from 51 East 42nd Street.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 16,000
  • Price per foot $ 70.00
notes
The investment bank inked a 10-year lease for part of the third floor, which includes a private terrace. The company plans to relocate from its 31 West 52nd Street offices in the fall.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 68,348
notes
The London-based fashion house signed a lease to relocate its U.S. headquarters. The deal includes naming rights to the building, which will have illuminated signage facing three directions. The company is moving from 1350 Sixth Avenue.
  • Event Office Leasing
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 4,000
  • Price per foot $ 68.00
notes
The financial services firm inked a seven-year lease for the entire 22nd floor
  • Event Office Leasing
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 3,800
notes
The event-planning company inked a lease for the entire 36th floor.
  • Event Sales
  • Address 235 West 75th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 224,000
  • Price $ 109,120,000
  • Price per foot $ 487.14
  • Publication Date 12/01/2007
  • Event Date 10/22/2007
  • Party 1 AFA Asset Services
  • Party 2 Westbrook Partners
notes
The Upper West Side apartment building sold for $109.12 million, or $487 per square foot.
  • Event Sales
  • Address 90 Lexington Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 30,500,000
  • Price per foot $ 237.35
notes
The 128,500-square-foot property sold for $30.5 million, or $237.35 per square foot.
  • Event Sales
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 85,788,000
  • Price per foot $ 479,000.00
notes
The prewar building sold for $85.788 million, or $479,000 per unit.
  • Event Sales
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 300,000
  • Price $ 180,000,000
  • Price per foot $ 600.00
notes
The Art Deco building sold for $180 million. Moinian had tried to purchase the property directly from Korein 20 years ago, but did not succeed until now.
  • Event Sales
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 475,000
  • Price $ 313,000,000
  • Price per foot $ 658.95
  • Publication Date 08/01/2007
  • Event Date 06/22/2007
  • Party 1 Private investors
  • Party 2 Westbrook Partners
notes
The New York Magazine Building sold for $313 million, or $660 per square foot. The magazine is moving Downtown this summer.
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Manhattan, 10001
31 W27ST 9 OWNER, LLC
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Brooklyn, 11211
Westbrook Partners, 223 NORTH 8 PARTNERS LLC
...

The recent sale of a hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out...

Click to enlargeIt’s well-documented that Midtown South has become New York’s hub of new technology and media. But with available office space in the area...
Brooklyn, 11211
Westbrook Partners, 223 NORTH 8 PARTNERS LLC
...
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