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World Wide Group
World Wide Group is a real estate investment firm. Originally founded in the 1940s as an import/export company and a decade later as the first American distributor of Volkswagen, World Wide Group has since focused its business primarily on developing high-rise luxury apartment buildings. The companys approach to real estate acquisitions is to treat each project as a stand-alone business venture, which has allowed it to develop or invest in several profitable buildings. All told World Wide has developed more than $7 billion in real estate, from industrial sites during its early years to luxury residences currently. Among its most notable properties are Worldwide Plaza in Midtown, City Lights in Long Island City, and 71 Broadway in the Financial District. It also has been one of the developers focused on redeveloping Greenpoint in Brooklyn, paying $103 million in 2016 for a rental property (the highest price tag up until that point in the history of the neighborhood). In 2014 World Wide unveiled its condo building at 252 East 57th Street, and the following year sold six contiguous Upper East Side parcels at 143-161 60th Street.
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05/22/18
...Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th Street, Vornado Realty Trust’s 220 Central Park South and...
05/21/18
...Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th Street, Vornado Realty Trust’s 220 Central Park South and...
05/15/18
...nearly $280 million to buy the rental portion of World Wide Group and Rose Associates’ 252 East 57th Street — its first multifamily acquisition in New York City...
05/11/18
...Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th Street, Vornado Realty Trust’s 220 Central Park South and...
...nearly $280 million to buy the rental portion of World Wide Group and Rose Associates’ 252 East 57th Street — its first multifamily acquisition in New York City...
...Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th Street, Vornado Realty Trust’s 220 Central Park South and...
03/12/18
...rental and commercial parts of the building from World Wide Group and Rose Associates. The company recently closed on a $700 million deal for part of...
02/02/18
...is buying the rental and commercial portions of World Wide Group and Rose Associates’ Billionaires' Row tower for nearly $280 million.
Oxford, which just closed on...
12/06/17
...Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th Street, Vornado Realty Trust’s 220 Central Park South and...
10/18/17
...told the Wall Street Journal. Those developers are World Wide Group and Rose Associates.
The penthouse, which had been held off the market until recently...
10/17/17
...little signage," Julia Hodgson, director of development at World Wide Group, one of the building's developers, told the Times. “That’s the messaging to the...
10/02/17
...million and above. A five-bedroom, six-and-a-half-bathroom apartment at World Wide Group and Rose Associates 252 East 57th Street took the top spot. The 4,600-square-foot pad last...
09/21/17
...market and the fact that the developers, the World Wide Group and Rose Associates, have offered incentives and lowered prices to seal deals amid reportedly...
...market and the fact that the developers, the World Wide Group and Rose Associates, have offered incentives and lowered prices to seal deals amid reportedly...
08/07/17
...The top contract was on unit 56A at World Wide Group and Rose Associates’ 252 East 57th Street. The five-bedroom, 4,972 square foot apartment was last asking...
...buyers’ brokers to their projects. Toll Brothers, the World Wide Group and Rose Associates are among the players that have adopted that strategy.
“ almost have...
...s 505 West 19th Street, and Rose Associates and World Wide Group’s 252 East 57th Street
The financial conundrum, sources say, is most acute at condos...
07/19/17
...Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates' 252 East 57th Street, Vornado Realty Trust’s 220 Central Park South and...
...commission to buyers’ brokers at 50 United Nations Plaza. World Wide Group and Rose Associates are doing the same at 252 East 57th Street. In addition, developers...
06/28/17
...short answer: Not enough.
On 57th Street alone, World Wide Group and Rose Associates have cut prices and dangled broker incentives in an attempt to...
...from $30 to $16 million over the last two years. World Wide Group and Rose Associates’ 252 East 57th Street is also reducing prices, but only on a...
04/28/17
...th Street between Lexington and Third Avenues from World Wide Group for $300 million. The deal for the site, which offers about 280,000 buildable square feet, penciled...
04/24/17
...The top contract was for apartment 62A at World Wide Group and Rose Associates’ 252 East 57th Street, which was asking $13.2 million. The five-bedroom apartment spans...
03/20/17
...new condo projects. And at 252 East 57th Street, World Wide Group is offering brokers 4 percent commission, including 1 percent up-front.
These incentives implicitly bank on the...
03/09/17
...measures.
On top of price cuts last year, World Wide Group and Rose Associates are now offering brokers a 4 percent commission, including 1 percent that’s...
- Event Financing
- Address 110 Green Street
- Neighborhood Greenpoint
- Borough Brooklyn
- Square feet 185,000
- Price $ 50,000,000
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 World Wide Group
- Party 2 AXA Equitable Life Insurance Company
notes
The company secured a $50 million loan.
- Event Financing
- Address 42-15 Crescent Street
- Neighborhood Long Island City
- Borough Queens
- Price $ 32,000,000
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 World Wide Group
- Party 2 Landesbank Hessen-Thuringen Girozentrale
notes
The company secured a $32 million loan.
- Event Sales
- Address 110 Green Street
- Neighborhood Greenpoint
- Borough Brooklyn
- Square feet 185,000
- Price $ 103,000,000
- Price per foot $ 556.76
- Publication Date 03/01/2016
- Event Date 01/01/2016
- Party 1 Meadow Partners
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 World Wide Group
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
notes
The 6-story building sold for $103 million.
- Event Sales
- Address 143 East 60th Street
- Neighborhood Upper East Side
- Borough Manhattan
- Square feet 19,685
- Price $ 300,000,000
- Price per foot $ 15,240.03
- Publication Date 11/01/2015
- Event Date 09/22/2015
- Party 1 World Wide Group
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Robert Knakal, Clint Olsen
- Party 2 Kaufu Properties
notes
The development site, which includes $282,925 buildable square feet, sold for $300 million.
- Event Sales
- Address 93 Worth Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 165,000
- Price $ 49,700,000
- Price per foot $ 301.21
- Publication Date 11/01/2011
- Event Date 09/22/2011
- Party 1 World Wide Group
- Party 1 Brokerage Grubb & Ellis
- Party 1 Broker Vincent Carrega, Yoav Oelsner, Charles Kingsley, Jason Meister
- Party 2 Izaki Group Investments USA
notes
The property sold for $49.7 million. The building is slated for conversion into a 96-unit residential condo.
- Event Sales
- Address 213 East 63rd Street
- Neighborhood Lenox Hill
- Borough Manhattan
- Square feet 42,000
- Price $ 32,300,000
- Price per foot $ 769.05
- Publication Date 04/01/2010
- Event Date 02/20/2010
- Party 1 World Wide Group
- Party 2 NYC School Construction Authority
notes
The property sold for $32.2 million, or about $767 per square foot. World-Wide originally bought the building in 2007 with plans to develop the school.
- Event Retail Leasing
- Address 110 Church Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 3,000
- Publication Date 12/01/2009
- Event Date 10/22/2009
- Party 1 World Wide Group
- Party 1 Brokerage RKF
- Party 1 Broker Ariel Schuster, Brett Weinblatt
- Party 2 DeJaneiro
- Party 2 Brokerage RKF
- Party 2 Broker Greg Covey
notes
The women's clothing retailer signed a lease to relocate its existing store on Park Place between Broadway and Church Street. The tenant plans to open the store this winter.
- Event Retail Leasing
- Address 1425 Second Avenue
- Neighborhood Lenox Hill
- Borough Manhattan
- Square feet 1,200
- Publication Date 09/01/2009
- Event Date 07/23/2009
- Party 1 World Wide Group
- Party 1 Brokerage NAI Friedland Realty
- Party 1 Broker Gene Meer
- Party 2 Liberty Travel
notes
The travel agency inked a lease.
- Event Retail Leasing
- Address 33 Park Place
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 1,500
- Publication Date 08/01/2008
- Event Date 06/22/2008
- Party 1 World Wide Group
- Party 2 AT&T
- Party 2 Brokerage Winick Realty Group
- Party 2 Broker Jeff Winick, Steven Baker
notes
The mobile telecommunications retailer inked a lease.
- Event Financing
- Address 213 East 63rd Street
- Neighborhood Lenox Hill
- Borough Manhattan
- Publication Date 03/01/2008
- Event Date 01/21/2008
- Party 1 World Wide Group
- Party 1 Brokerage Singer & Bassuk Organization
- Party 2 Helaba Bank
notes
A $30.6 million acquisition financing was arranged for the property. Medical building.
- Event Financing
- Address 255 East 74th Street
- Neighborhood Lenox Hill
- Borough Manhattan
- Publication Date 03/01/2008
- Event Date 01/21/2008
- Party 1 World Wide Group
- Party 1 Brokerage Singer & Bassuk Organization
- Party 2 Bank of America, Helaba Bank
notes
A $181.45 million construction and mezzanine financing was arranged for the luxury condominium building. 92-unit apartment building.
- Event Financing
- Address 50 Murray Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 620,552
- Publication Date 03/01/2008
- Event Date 01/21/2008
- Party 1 World Wide Group, Sapir Organization
- Party 1 Brokerage Singer & Bassuk Organization
- Party 2 Bank of America
notes
A $225 million fee and leasehold financing was arranged for the property. The building has 505 luxury apartments and 50,500 square feet of commercial space. 21-story mixed-use building.
- Event Sales
- Address 88 Greenwich Street
- Neighborhood Financial District
- Borough Manhattan
- Price $ 195,000,000
- Publication Date 08/01/2005
- Event Date 06/22/2005
- Party 1 World Wide Group, Lubert-Adler
- Party 1 Brokerage Eastdil Secured
- Party 1 Broker Douglas Harmon
- Party 2 Thorwood Real Estate
notes
Sold for $195 million; condo conversion planned
Queens, 11101
The World Wide Group, LIC 41-18TH 24TH STREET, LLC
The World Wide Group, LIC 41-18TH 24TH STREET, LLC
41-22 24th Street is a 66,256 square foot property in the Long Island...
Manhattan, 10013
Tribeca Associates, ARTISAN LOFTS DEVELOPMENT OWNER, LLC
Tribeca Associates, ARTISAN LOFTS DEVELOPMENT OWNER, LLC
...
Manhattan, 10005
World-Wide Group, 56 PINE LLC
World-Wide Group, 56 PINE LLC
The sponsor(s) filed plans on 04/27/04 for a condo project at 56 Pine...
Queens, 11101
THE WORLD WIDE GROUP, LIC 41-18TH 24TH STREET, LLC
THE WORLD WIDE GROUP, LIC 41-18TH 24TH STREET, LLC
4122 24 Street is a 66,256 square foot building in the Long Island...
Queens, 11101
MEADOW PARTNERS, WWG CRESCENT LLC
MEADOW PARTNERS, WWG CRESCENT LLC
4215 Crescent Street is a 101,946 square foot building in the Long Island...
Manhattan, 10022
WORLD WIDE GROUP, SNOWPLOW LH 2 LLC
WORLD WIDE GROUP, SNOWPLOW LH 2 LLC
The sponsor(s) filed plans on 04/09/14 for a condo project at 252 East...
12/30/15
...East 60th Street, $254 million
Buyer: Kuafu Properties
Seller: World Wide Group
New York-based Chinese developer Kuafu Properties bought six contiguous Upper East Side parcels, closing...
09/09/15
...Herman
D’Arc, who is leading sales at World Wide Group and Rose Associates’ 93-unit condo tower at 252 East 57th Street, had more than $121 million...
...picked up new projects like 252 West 57th from World Wide Group and Rose Associates, a building where a penthouse will reportedly ask $37.5 million. Those projects...
Queens, 11101
The World Wide Group, LIC 41-18TH 24TH STREET, LLC
The World Wide Group, LIC 41-18TH 24TH STREET, LLC
41-22 24th Street is a 66,256 square foot property in the Long Island...
