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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.
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11/07/18
...the old rail warehouse, at 500 Washington Street, from Westbrook Partners and Atlas Capital Group. Construction is expected to commence in the second quarter of...
11/07/18
...in Brooklyn Heights. The developer teamed up with Westbrook Partners to convert the property at 169 Columbia Heights from rentals to condos. Matt Damon is...
10/22/18
...bought a stake in real estate investment firm Westbrook Partners.
Westbrook’s CEO Paul Kazilionis, who revealed the investment, declined to say how big...
10/05/18
...-10 West Street
Westbrook Partners is switching roles at the Wagner at the Battery, a hotel in Lower Manhattan...
10/04/18
...on the high end, has been sluggish. Developers Westbrook Partners and Atlas Capital sold the southern portion of the property for $700 million last year...
10/03/18
...the Battery.
The company paid Millennium Partners and Westbrook Partners $147.3 million for the hotel at 2-10 West Street, according to documents filed with city...
10/02/18
...the St. John’s Terminal for $700 million from Westbrook Partners and Atlas Capital Group. The latter partners are retaining the north site, where they...
10/02/18
...of terminating the hotel manager.
In another deal, Westbrook Partners paid $165 million for the W New York Union Square, $20 million less than what its...
09/24/18
...New York at Union Square for $171 million to Westbrook Partners. Westbrook paid $20 million less for the hotel than what Host Hotels & Resorts had...
09/13/18
...site at the beginning of the year from Westbrook Partners and Atlas Capital Group.
“We liked it a lot and spent a lot of...
09/12/18
...following a capital improvement project. And shortly after Westbrook Partners bought and renovated 444 Madison Avenue in 2007, the 42-story tower in Midtown East grew by...
09/11/18
...Union Square at 201 Park Avenue South (Credit: Wikipedia)
Westbrook Partners has secured a $100 million loan to fund its purchase of the W New York...
...site at the beginning of the year from Westbrook Partners and Atlas Capital Group.
“We liked it a lot and spent a lot of...
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...
Westbrook Partners, COO
645 Madison Avenue, New York, NY
645 Madison Avenue, New York, NY
Sush Torgalkar runs the day-to-day operations of Westbrook Partners, a privately held real...
- Event Financing
- Address 2 West Street
- Neighborhood Battery Park
- Borough Manhattan
- Square feet 335,000
- Price $ 96,000,000
- Publication Date 10/08/2018
- Event Date 10/05/2018
- Party 1 Urban Commons
- Party 2 Westbrook Partners
notes
The lender issued a loan of $96 million for the Battery Park property.
- Event Sales
- Address 2 West Street
- Neighborhood Battery Park
- Borough Manhattan
- Square feet 335,000
- Price $ 149,000,000
- Publication Date 10/01/2018
- Event Date 09/25/2018
- Party 1 Westbrook Partners
- Party 1 Brokerage Kassin Sabbagh Realty, Hodges Ward Elliott
- Party 1 Broker Jacob Kassin, Rudy Reudelhuber
- Party 2 Urban Commons
- Party 2 Brokerage Real Estate Wealth Advisors, Harrington-Gokhale
- Party 2 Broker Brian Pierre, Jason Harrington
notes
The buyer acquired the Battery Park property for $149 million.
- Event Sales
- Address 201 Park Avenue South
- Neighborhood Gramercy
- Borough Manhattan
- Square feet 200,000
- Price $ 165,600,000
- Publication Date 09/17/2018
- Event Date 09/10/2018
- Party 1 Host Hotels & Resorts
- Party 2 Westbrook Partners
notes
The buyer purchased the Gramercy property for $165.6 million.
- Event Financing
- Address 201 Park Avenue South
- Neighborhood Gramercy
- Borough Manhattan
- Square feet 200,000
- Price $ 100,000,000
- Publication Date 09/17/2018
- Event Date 09/10/2018
- Party 1 Westbrook Partners
- Party 2 HSBC Bank
notes
The buyer secured an acquisition loan of $100 million for the Gramercy property.
- 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
- Publication Date 03/07/2018
- Event Date 02/23/2018
- Party 1 Westbrook Partners
- Party 1 Brokerage CBRE
- Party 1 Broker Meghan Allen, Paul Amrich, Patrice Meagher
- Party 2 Freeman & Company
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Bryan Boisi, Jonathan Schindler
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
- Publication Date 02/06/2018
- Event Date 01/17/2018
- Party 1 Westbrook Partners
- Party 1 Brokerage CBRE
- Party 1 Broker Meghan Allen, Paul Amrich, Neil King, Patrice Meagher
- Party 2 Meryl Diamond
- Party 2 Brokerage Avison Young
- Party 2 Broker Michael Frantz
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
- Publication Date 08/01/2017
- Event Date 07/14/2017
- Party 1 Westbrook Partners
- Party 1 Brokerage Hodges Ward Elliott
- Party 1 Broker William Silverman, Paul Gillen, Daniel Parker
- Party 2 Savanna
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
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 Hudson River Park Trust
- Party 2 Westbrook Partners, Atlas Capital Group
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
- 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 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
- Publication Date 04/01/2016
- Event Date 02/15/2016
- Party 1 Westbrook Partners
- Party 1 Brokerage Hodges Ward Elliott
- Party 2 TD Bank
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
- Publication Date 04/01/2016
- Event Date 02/15/2016
- Party 1 Westbrook Partners, RXR Realty
- Party 1 Brokerage HFF
- Party 1 Broker Michael Tepedino, Christopher Peck, Steven Klein
- Party 2 Starwood Capital Group
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
- Publication Date 04/01/2016
- Event Date 02/15/2016
- Party 1 Brokerage Westwood Realty Associates
- Party 1 Broker Steven Vegh
- Party 2 Westbrook Partners, RXR Realty
- Party 2 Brokerage Westwood Realty Associates
- Party 2 Broker Steven Vegh
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
- Publication Date 04/01/2016
- Event Date 02/15/2016
- Party 1 Westbrook Partners
- Party 1 Brokerage CBRE
- Party 1 Broker Paul Amrich, Neil King, Patrice Meagher, Meghan Allen
- Party 2 The Muse
- Party 2 Brokerage Lee & Associates NYC
- Party 2 Broker Dennis Someck, Justin Myers
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
- Publication Date 10/01/2015
- Event Date 08/22/2015
- Party 1 Atlas Capital Group
- Party 2 Westbrook Partners
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
- Publication Date 06/01/2015
- Event Date 04/22/2015
- Party 1 Normandy Real Estate Partners, Westbrook Partners
- Party 2 Treetop
- Event Sales
- Address East Village portfolio
- Neighborhood Midtown
- Borough Manhattan
- Price $ 130,000,000
- Publication Date 03/01/2013
- Event Date 01/15/2013
- Party 1 Westbrook Partners
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Jared Kushner
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
- Event Sales
- Address 129 First Avenue
- Neighborhood East Village
- Borough Manhattan
- Price $ 130,000,000
- Publication Date 03/01/2013
- Event Date 01/20/2013
- Party 1 Westbrook Partners
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Jared Kushner
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
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.
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Brooklyn, 11211
Westbrook Partners, 223 NORTH 8 PARTNERS LLC
Westbrook Partners, 223 NORTH 8 PARTNERS LLC
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
Westbrook Partners, 223 NORTH 8 PARTNERS LLC
223 North 8th Street is a 71,473 square foot building in the Williamsburg...
