RedSky, JZ sell Wynwood Block at a loss for $24M
South Florida
Mar 30, 2021

RedSky, JZ sell Wynwood Block at a loss for $24M

Duo bought the building six years ago for $26M
Miami Beach agent wins $1M judgment in lawsuit over owed commissions and stolen funds
South Florida
Mar 29, 2021

Miami Beach agent wins $1M judgment in lawsuit over owed commissions and stolen funds

Deals were for commercial properties owned by David Edelstein, Thor, RedSky/JZ
RedSky Principal Benjamin Bernstein and a section of the prooperties along N6th in Williamsburg. (RedSky)
New York
Jan 8, 2021

RedSky hands over Williamsburg retail portfolio valued at $145M

LLC indicates new owner L3 Capital was mezzanine lender on properties
Ben Bernstein and Ryan Shear with a rendering of the project at 2407 Northwest 2nd Avenue, Miami (RedSky, PMG, Google Maps)
South Florida
Dec 4, 2020

PMG adds to assemblage of planned Society Wynwood project

PMG paid $46M for most of assemblage last year
Goldman Properties' Jessica Goldman Srebnick with 2501 Northwest 5th Avenue and the lot at 413 Northwest 25th Street, Miami (Getty, iStock)
South Florida
Nov 24, 2020

Goldman Properties buys Wynwood property for discounted $5M

Seller RedSky Capital bought the property for $6M in 2015
The assemblage at 547-557 and 559-589 Fulton Street, RedSky Capital’s Benjamin Bernstein and Steve Witkoff (Google Maps; ICSC; Witkoff)
New York
Nov 5, 2020

Witkoff to advise on Downtown Brooklyn project

Fulton Street site was marketed after loan default
Lendlease's Melissa Burch and 18 India Street in Greenpoint (Google Maps; Connect Conferences)
New York
Oct 9, 2020

Lendlease pays over $100M for large Greenpoint development site

Seller JZ Capital Partners struggled with $1B real estate bet
From left: Benjamin Bernstein, Pan Shiyi, and Zhang Xin (Credit: Google Maps, Dickson Lee/South China Morning Post via Getty Images)
South Florida
Oct 1, 2020

Lender closes on RedSky and JZ’s Wynwood assemblage

Partnership bought the properties for $31M in 2016
Ayush Kapahi, Zhang Xin and Danny Wrublin with 18 India Street (Linkedin, Getty, Google Maps, Wrublin by Chance Yeh)
New York
Sep 4, 2020

Chinese billionaire unloads debt on struggling Greenpoint project

SKW Funding bought note on RedSky Capital’s 18 India Street
Ben Bernstein and David Zalaznick (iStock, ICSC, Columbia)
New York
Aug 20, 2020

Bernstein and Zalaznick’s firm says stakes in Brooklyn, Miami projects now worthless

Critic blames inexperienced RedSky Capital principals for JZ Capital’s troubles
Clockwise from top left: 3995 North Miami Ave., 5 Northeast 39th St., 1 Northeast 40th St. through 35 Northeast 40th St. (Credit: Google Maps, iStock)
South Florida
Apr 8, 2020

Lender lists troubled RedSky’s Miami Design District portfolio

Redsky is liquidating its assets after defaulting on a loan tied to a Brooklyn property in March
RedSky Capital’s Benjamin Bernstein and 1 Java Street in Greenpoint (Credit: ICSC and Google Maps)
New York
Apr 7, 2020

RedSky puts Greenpoint dev site on market asking $165M

Investment firm filed plans for 40-story apartment building on site in 2018
RedSky’s Ben Bernstein and 182 Flatbush Ave (Credit: Google Maps)
New York
Dec 10, 2019

RedSky sells building across from Barclays Center as partner liquidates holdings

Hidrock Properties is planning a multi-million dollar renovation of 182 Flatbush Avenue
18 India Street in Brooklyn and RedSky Capital’s Benjamin Bernstein (Credit: ICSC and Google Maps)
New York
Dec 2, 2019

RedSky and partner to sell several properties amid “uncertainty” over valuations

JZ Capital says it’s taken on a “much more direct role” and aims to speed up projects
RedSky Capital's Benjamin Bernstein and 247 Bedford Avenue (Credit:  ICSC and Apple)
New York
Nov 27, 2019

Williamsburg whiz kids facing major markdown on $1B retail portfolio

Ben Bernstein and Ben Stokes turned heads with big bets, but a partner says their portfolio is overvalued
RedSky and JZ score $115M refi for Esperanté Corporate Center in WPB
South Florida
Oct 2, 2018

RedSky and JZ score $115M refi for Esperanté Corporate Center in WPB

The investors bought the building in 2016 for $125.75M
RedSky adds 571 Fulton Street to massive DoBro development site
New York
Sep 13, 2018

RedSky adds 571 Fulton Street to massive DoBro development site

Company purchased parcel for $14.5M