The Real Deal New York

Posts Tagged ‘rockwood capital’

  • Sam Chang and Club Quarters Hotel Wall Street

    Just months after buying two Club Quarters hotels in Midtown, Sam Chang picked up a third in the Financial District.

    The hotel developer paid $95 million for the Club Quarters Hotel Wall Street, the Commercial Observer reported. The seller, Rockwood Capital, bought the 20-story property at 52 William Street for $92.1 million in 2006. [more]

  • 250 East Houston Street

    250 East Houston Street

    Doormen and maintenance workers at the Red Square rental complex in the East Village have been offered an ultimatum: take a pay cut or be out of a job, according to a report. [more]

  • 250 East Houston (inset: Stephen Benjamin)

    250 East Houston Street in the East Village (inset: Dermot Company’s Stephen Benjamin)

    The Dermot Company and Rockwood Capital pulled off a $57.6 million acquisition loan from BBVA Compass to close on the $100 million purchase of a 130-unit rental building at 250 East Houston Street in the East Village, the firms announced Tuesday. [more]

  • Rockwood's Peter Falco and the Hilton Homewood Suites at 312 West 37th Street in Times Square

    Rockwood’s Peter Falco and the Hilton Homewood Suites at 312 West 37th Street in Times Square

    The hospitality arm of Qatar’s Alduwaliya Asset Management picked up a Garment District hotel for $167 million from a group of owners led by Rockwood Capital. [more]

  • empire-stores

    Interior rendering of Empire Stores in Dumbo and Jack Cayre

    Midtown Equities has received a $95 million construction loan to proceed with its $150 million Dumbo warehouse conversion project known as Empire Stores. [more]

  • 838-west-end

    Steven Vegh and 838 West End Avenue

    Joseph Sitt’s Thor Equities and Rockwood Capital closed on the acquisition of an Upper West Side rental property for $67 million.

    As of March, the buyers were in contract for the Zauderer family’s 70-unit, 108,000-square-foot complex at 838 West End Avenue, as The Real Deal reported. Westwood Realty Associates’ Steven Vegh brokered the deal. [more]

  • lionsgate

    From left: “Hunger Games” star Jennifer Lawrence, 530 Fifth Avenue and David Falk

    Jamestown Properties and Rockwood Capital signed film distributor Lions Gate Entertainment, which releases the “Hunger Games” films, to their Midtown East office tower, 530 Fifth Avenue. [more]

  • Crown's Haim Chera and a rendering of the retail space at 530 Fifth Avenue

    The new owners of 530 Fifth Avenue are looking to bring prime Fifth Avenue rental rates to the traditionally overlooked stretch of the avenue below 49th Street. According to the Wall Street Journal, the partnership of Jamestown Properties, Rockwood Capital, Crown Acquisition and Murray Hill Properties that bought the property from Joseph Moinian and the Chetrit Group last September for a total of $420 million has a plan to charge $1,500 per square foot for the nearly 50,000-square-foot retail space. [more]

  • alternatetext
    Clockwise from top left: Rockwood Capital CEO Edmond Kavounas, Crown Acquisitions CEO Stanley Chera, 530 Fifth Avenue, Murray Hill Properties CEO Norman Sturner and Jamestown Properties managing director Matt Bronfman
    A partnership of Jamestown Properties and Rockwood Capital is providing equity to Murray Hill Properties and Crown Acquisitions for their previously reported $390 million purchase of 530 Fifth Avenue. The Wall Street Journal reported Jamestown and Rockwood will be the controlling equity holders.

    The four firms are putting about $200 million in equity into the purchase and taking out about $220 million in debt. Crown is slated to manage leasing the retail space in the building, which is occupied by Fossil Store and LensCrafters, and will soon be home to a Syms. … [more]

  • Stone Street Properties, a real estate investment firm recently formed by Gotham Organization alumnus Jeffrey Kaye and former Gumley Haft Kleier broker Robert Morgenstern, has acquired a small portfolio of five rental buildings in the East Village and the Upper East Side from Icon Realty Management, a representative from Icon confirmed. The deal, which has not yet hit public records, is valued at $90 million, Kaye said. Rockwood Capital is Stone Street’s equity partner in the deal, he said.

    The buildings, located at 176 East 3rd Street, 420 East 66th Street, 404 East 88th Street, 336 East 81st Street and 344 East 85th Street, are all five- or six-story elevator buildings and have been renamed by Stone Street as the Jesse, the Chase, the Hudson, the Lily and the Emma respectively, according to the company website.

    There were no brokers involved in the deal, Kaye said. … [more]

  • Doubletree Metropolitan trades for $335M

    January 18, 2011 09:27AM

    Black Entertainment Television founder Robert Johnson’s development company has picked up its third New York City hotel in three years with the purchase of the Doubletree Metropolitan Hotel in Midtown for $335 million, the Wall Street Journal reported. The 755-room, Morris Lapidus-designed property, originally built as the Summit hotel by the Tisch family in 1961, last traded for $110.5 million in 2003. The seller group, which consists of Highgate Holdings, Goldman Sachs’ Whitehall Real Estate Funds and Rockwood Capital, had put $35 million into renovations since then. … [more]