Sam Zell | The Real Deal New York

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Sam Zell

Chairman
Equity Residential
230 West 41st Street, 12th Floor
New York, NY 10036
(646) 833-3960
Website

Sam Zell is the chairman of Chicago-based Equity International Group and Equity Residential.

Through the latter, he is active in New York City real estate, entering the market in 2004 and acquiring more than two dozen properties.

In early 2010, Equity Residential bought the rights to build 111 market-rate apartments and nearly 10,000 square feet of retail space at the corner of 23rd Street and 10th Avenue in Chelsea. Around the same time, Equity Residential also acquired the last three apartment towers of embattled developer Harry Macklowe: the Rivertower at 520 East 54th Street; the Longacre House at 305 West 50th Street; and 777 Sixth Avenue.

Perhaps Zell’s biggest New York splash came when he sold his Equity Office Properties to the Blackstone Group in 2007 for $39 billion.

A Chicago native, Zell graduated from the University of Michigan and its law school. He started in real estate in the Chicago area in the late 1960s investing in distressed properties.


11/16/18
...Sam Zell (Credit: Getty Images and Pixabay) He's bearish on the real estate market, and looking...

11/13/18
...he said. Last month, Equity Group Investments CEO Sam Zell told an audience Chicago was “the last place” Amazon should consider for its new...

10/23/18
...million last July. It was previously owned by Sam Zell...

10/19/18
...West End Avenue and Sam Zell (Credit: Getty Images) New York’s multifamily market continued to rebound from a moribund...

10/11/18
...time.” In 2012, the partners sold the property to Sam Zell’s Equity Residential for $84 million. They remain active in Hudson Yards, with projects including...

09/26/18
...against him. In June, Equity Group Investments chairman Sam Zell apologized for responding to a question about promoting women by saying: “I don’t...

09/21/18
...and that other clients include Stuyvesant Town and Sam Zell’s Equity Residential. He also said that landing Stonehenge as a partner is “a...

09/17/18
...From left: 505 west 54th Street, Equity Residential's founder Sam Zell, and 800 6th Avenue Equity Residential is looking to sell two Manhattan multifamily buildings amid...

09/06/18
...vice president. Equity Residential’s founder and chairman Sam Zell said Parrell and Garechana’s promotions “are a direct result of the priority placed...

09/04/18
...of executive talent are among the most important,” Sam Zell, the company's founder and chairman said in a statement. “Mark and Bob’s promotions...

...and that other clients include Stuyvesant Town and Sam Zell’s Equity Residential. He also said that landing Stonehenge as a partner is “a...

08/20/18
...Petite Retreats Yurts and Cabins and Sam Zell (Credit: Petite Retreats and EGI) Sam Zell may be known for high-end apartments and...

07/26/18
...Sam Zell, 101 West End Avenue and Steve Benjamin Equity Residential is in contract to sell an...

07/26/18
...Sam Zell and views of Triangle Plaza at 8750 and 8770 West Bryn Mawr Avenue (Credit: Getty and...

07/11/18
...Trust. But not everyone is hot on industrial. Sam Zell, the notorious doomsayer, vulgar septuagenarian, and Equity International founder, thinks that developers are building...

06/26/18
...sign that attitudes are shifting, Equity Group Investments' Sam Zell faced considerable backlash after making a vulgar comment about women at the REITweek investor...

06/19/18
...Sam Zell (Credit: Getty Images) Sam Zell won't be a keynote speaker at Mizuho Americas' conference this month following the billionaire's...

06/18/18
...I’ll never be — or aspire to be — Sam Zell, but I do embrace his view of how to dress. I also fully acknowledge...

06/14/18
...Clockwise from top left: Fed raises interest rates, Sam Zell apologizes for using vulgarity, Blackstone triples fundraising goal for its REIT, and Jared Kushner...

06/13/18
...Sam Zell (Credit: Getty Images) After apologizing for using a vulgarity to talk about female employment...

06/12/18
...Sam Zell (Credit: Pixabay) Sam Zell has apologized for using a vulgarity to describe women in the workforce during a...

06/07/18
...amp; Taylor closing flagship store on Fifth Avenue, Sam Zell uses vulgar language in response to #MeToo question, Douglas Elliman's new platform to provide...

06/07/18
...Sam Zell (Photo by Studio Scrivo) Sam Zell is the brash and outspoken chairman of Equity Group Investments, a private equity and...

06/06/18
...Sam Zell (Credit: Getty Images) When Sam Zell was asked Wednesday about the highly charged topic of gender diversity and the #MeToo...

...I’ll never be — or aspire to be — Sam Zell, but I do embrace his view of how to dress. I also fully acknowledge...
  • Event Sales
  • Building Name 420 East 54th Street, 305 West 50th Street and 777 Sixth Avenue
  • Address 777 Sixth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 475,000,000
notes
Sam Zell's Equity Residential closed on its purchase of 420 East 54th Street and 777 Sixth Avenue and is in contract for 305 West 50th Street, in a transaction worth a combined $475 million. The property at 420 East 54th Street, also known as the Rivertower, has a gross income of $21.5 million and $66 million in debt; 777 Sixth Avenue has $13.9 million in gross income and around $80 million in debt; and 305 West 50th Street, also known as the Longacre House, has $14.2 million in gross income and about $80 million in debt.
  • Event Sales
  • Address 71 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 100,000,000
notes
Sam Zell REIT~~#s first buy Downtown
  • Event Sales
  • Building Name Hudson Crossing
  • Address 400 West 37th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Price $ 90,000,000
notes
Sam Zell REIT makes buy
  • Event Sales
  • Address 717 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 450,570
  • Price $ 350,000,000
  • Price per foot $ 776.79
  • Publication Date 08/01/2004
  • Event Date 06/22/2004
  • Party 2 Equity Office, Feil Org., L. Goldman, J. Sutton and S. Chera
notes
Sam Zell~~#s Equity Office REIT buying office portion and others are buying retail portion