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 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.


08/20/18
...Florida and California, is currently teaming up with Westbrook Partners to convert the former Standish Arms Hotel in Brooklyn Heights to condos. (Actor Matt...

08/08/18
...Schwartz Sladkus Reich Greenberg Atlas is moving to Westbrook Partners...

08/01/18
...of real estate deals. He teamed up with Westbrook Partners in 2016 to buy a Long Island City warehouse at 24-02 49th Avenue for $195 million...

...Florida and California, is currently teaming up with Westbrook Partners to convert the former Standish Arms Hotel in Brooklyn Heights to condos. (Actor Matt...

08/01/18
...million in refinancing to HFZ Capital Group and Westbrook Partners for the Belnord, at 2360 Broadway on the Upper West Side. When complete, the Manhattan...

07/27/18
...that the previous owners, the Moinian Group and Westbrook Partners, put up for sale earlier that year. This is the second time that Aareal...

07/23/18
...pushing into other markets. But in 2010, Luthra — a Westbrook Partners alum — jumped to Highgate and steered the company toward more ambitious New York deals...

07/17/18
...for the borough include a $265 million mortgage on Westbrook Partners and Innovo Property Group's 24-02 49th Avenue in Long Island City and a $100 million...

07/05/18
...Realty Trust, SL Green Realty, Related Companies and Westbrook Partners, are still in the mix. Sources added the winning bidder would take a stake...

06/29/18
...prices starting at $3.2 million. HFZ Capital Group and Westbrook Partners put 11 apartments on the market on Friday, Curbed reported. The prices range from $3.2 million...

06/28/18
...It is close to selling the W to Westbrook Partners in a deal that CEO Jim Risoleo said could be worth $190 million. Host sold...

06/19/18
...in the country. 3. From ACORE to KKR – $265 million Westbrook Partners and Andrew Chung’s Innovo Property Group received a $265 million loan from KKR for...

06/18/18
...in progress, but developers HFZ Capital Group and Westbrook Partners have refinanced the loan on the property with $300 million from Wells Fargo. A majority...

06/01/18
...launch sales soon. 4) Lendin’ on the Ritz – $280 million Westbrook Partners refinanced the Ritz Carlton hotel at 50 Central Park South with a $280 million loan. A...

05/29/18
...at a discount to its previous purchase price. Westbrook Partners last week was close to signing a contract to buy the hotel for $168 million...

05/22/18
...Union Square (Credit: Getty Images and W Hotels) Westbrook Partners is close to signing a hard contract to acquire the W Union Square hotel...

05/15/18
...in 2006, Grant bought out Bauman and brought in Westbrook Partners, Fortress Investment Group and Atlas Capital Group. Six years later, the investors bought out...

05/09/18
...Feldman and Sush Torgalkar HFZ Capital Group and Westbrook Partners have landed a $300 million refinancing from Wells Fargo for the conversion of the Belnord...

...in 2006, Grant bought out Bauman and brought in Westbrook Partners, Fortress Investment Group and Atlas Capital Group. Six years later, the investors bought out...

04/20/18
...the residential board filed a suit against owner Westbrook Partners over the name change. And as the legal battle ensues, brokers selling condominium units...

04/12/18
...Carlton Central Park South and Westbrook's Sush Torgalkar Westbrook Partners landed a $280 million loan to refinance the Ritz-Carlton at 50 Central Park South, ahead of...

04/04/18
...to Fortress Investment Group, Atlas Capital Group and Westbrook Partners for $250 million in 2013. Grant was born Eugene Martin Greenberg in Hell’s Kitchen in...

04/03/18
...-02 49th Avenue. The company and its partner, Westbrook Partners, paid $195 million for the seven-story, 656,000-square-foot property. “Both of our properties are a short...

03/16/18
...Belnord, Ziel Feldman, Sush Torgalkar and Adam Spies Westbrook Partners took a stake in HFZ Capital Group’s redevelopment of the Belnord, by converting...

02/27/18
...pushing into other markets. But in 2010, Luthra — a Westbrook Partners alum — jumped to Highgate and steered the company toward more ambitious New York deals...
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 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 33,115
  • Price per foot $ 60.00
  • Publication Date 08/13/2018
  • Event Date 08/08/2018
  • Party 1 Westbrook Partners
  • Party 2 Schwartz Sladkus Reich Greenberg Atlas
notes
The law firm signed a 12-year lease for the Plaza District location at $60 per square foot.
  • 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 Financing
  • Address 50 Central Park South
  • Neighborhood Central Park South
  • Borough Manhattan
  • Square feet 324,293
  • Price $ 280,000,000
  • Publication Date 04/17/2018
  • Event Date 04/12/2018
  • Party 1 Westbrook Partners
  • Party 2 Delaware Life, Captone US Private Real Estate Fund, Nonghyup Bank
notes
The owner secured a $280 million loan for the Central Park South Ritz-Carlton.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 6,990
notes
The financial services company inked a lease for part of the 12th floor at the Midtown building.
  • Event Office Leasing
  • Address 1375 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 8,654
notes
The woman's clothing brand exapnded its elease for 6 years for part of the 6th floor of the Midtown South building.
  • Event Sales
  • Address 31 West 27th Street
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 144,500
  • Price $ 126,000,000
notes
The buyer acquired a new property
  • Event Financing
  • Address 1375 Broadway
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 464,951
  • Price $ 230,000,000
  • Price per foot $ 494.00
  • Publication Date 07/01/2017
  • Event Date 06/13/2017
  • Party 1 Westbrook Partners
  • Party 2 Credit Agricole
notes
The investors secured a $230 million refinance for the 24-story office building.
  • Event Financing
  • Address 340 West Street, St. John's Terminal
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 940,000
  • Price $ 300,000,000
  • Price per foot $ 319.00
  • Publication Date 07/01/2017
  • Event Date 05/05/2017
  • Party 1 Westbrook Partners, Atlas Capital Group
  • Party 2 Morgan Stanley
notes
The owner secured a $300 million refinance for the St. John's Terminal redevelopment project.
  • Event Sales
  • Address 550 Washington Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 2
  • Price $ 100,000
  • Price per foot $ 0.00
notes
The Pier 40 air rights were bought for $100 million to supplement the St. John's Terminal Project.
  • Event office Leasing
  • Address 1375 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 28,000
notes
The healthcare data analytics company signed a lease.
  • Event Sales
  • Address 223 North 8th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 72,000
  • Price $ 68,875,000
  • Publication Date 01/01/2017
  • Event Date 11/17/2016
  • Party 1 Westbrook PartnersILargo
  • Party 1 Brokerage HFF
  • Party 1 Broker Jeff Julien, Rob Hinckley, Rob Rizzi, Andrew Scandalios, Steven Rutman
  • Party 2 Trinity Place Holdings, Pacolet Milliken Enterprises
notes
The luxury multifamily building was sold for $68.875 million.
  • 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 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 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 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 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
  • Event Sales
  • Address East Village portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 130,000,000
  • 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 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
  • Address 752-758 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 72,360,000
  • 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 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.
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223 North 8th Street is a 71,473 square foot building in the Williamsburg...

12/28/16
...StreetEasy. 3. The Standish  171 Columbia Heights Developer: DDG and Westbrook Partners Projected Sellout: $112.9 million Units: 50 Type: Conversion Developer DDG is joining forces with Westbrook Partners...

...of Fortress Investment Group, Atlas Capital Group and Westbrook Partners who purchased the property from long-time investor Eugene Grant — could get more aggressive about...

...marketing the space. Developer Joseph Moinian and partner Westbrook Partners bought the building in 2007 and emptied it of tenants to rehab it, but lost...
Brooklyn, 11211
Westbrook Partners, 223 NORTH 8 PARTNERS LLC
223 North 8th Street is a 71,473 square foot building in the Williamsburg...
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