US developers face Israeli bond market reckoning
National
Apr 19, 2021

From slam dunk to junk: US developers face Israeli bond market reckoning

Proposed rule change would relegate most US firms seeking financing to junk status
Silverstein Properties' Larry Silverstein and Phase I of the Denizen Bushwick at 54 Noll Street (Getty, Google Maps/Illustration by Kevin Rebong for The Real Deal)
New York
Feb 24, 2021

Silverstein offers to buy half of All Year’s Bushwick rental complex

Proposed deal includes $170M cash, $30M in new Israeli bonds
459 Smith Street in Gowanus and the Tel Aviv Stock Exchange (Google Maps, Getty)
New York
Dec 31, 2020

All Year in default on $66M Gowanus preferred equity loan

Brooklyn developer to be delisted from Tel Aviv Stock Exchange
Kushner Companies has filed papers to raise $100 million through a bond issuance on the Tel Aviv Stock Exchange. (Getty, iStock)
National
Dec 29, 2020

Kushner Companies plans $100M Israeli bond raise

Move expected to attract criticism due to Jared Kushner’s role in foreign policy
Denizen Bushwick at 54 Noll Street (Photo via Google Maps)
New York
Dec 23, 2020

All Year Management in default on $170 million Brooklyn mortgage

Israel Securities Authority chair Anat Guetta and Denizen Bushwick (Photos via Israel Securities Authority; Denizen Bushwick)
New York
Dec 3, 2020

All Year fined by Israeli securities authorities, faces new scrutiny

CEO Yoel Goldman could also face 9-month suspension in connection with 2018 violations
Denizen Bushwick at 123 Melrose Street in Brooklyn (Google Maps; iStock)
New York
Nov 30, 2020

All Year misses Israeli bond payment, sending values plunging

Developer plagued by delays, loan defaults but claims it has money to pay
Starwood's Barry Sternlicht and Pacific Retail's Steve Plenge with Parkway Plaza mall in San Diego and the Plaza West Covina mall in Los Angeles (Getty, Starwood, Pacific Retail)
New York
Sep 28, 2020

Last bidder standing has big plans for Starwood’s troubled mall portfolio. But first, creditors must sign off

Pacific Retail & Golden East tasked with rejuvenating the 7 malls and restructuring properties' Israeli bonds and CMBS debt
Tel Aviv Stock Exchange bull (Wikimedia Commons)
New York
Sep 8, 2020

NYC developers face downgrades on Israeli bond market

All Year rating drops following deal delays; Extell, Moinian downgraded in June
From left: 871 Grand Street, 392 St. Marks Avenue, 607 Franklin Avenue and 600 Park Place in Brooklyn (Google Maps, iStock)
New York
Sep 1, 2020

David Werner misses deposit deadline on $300M deal with All Year

Israeli bonds on Yoel Goldman’s firm tumble following second hiccup with sale
Silverstein Properties chairman Larry Silverstein (Getty)
New York
Jul 30, 2020

Silverstein Properties raises $30M on Israeli bond market

First issued last September, Series B now totals $96M
Related chairman Stephen Ross and Related Companies Portfolio CEO Richard O’Toole withBronx Terminal Market and Time Warner Center (Getty, Google Maps, Wikipedia)
New York
Jul 2, 2020

Related lays out $200M debt settlement plan for Tel Aviv bondholders

Clockwise from top left: 871 Grand Street, 392 St. Marks Avenue, 607 Franklin Avenue and 600 Park Place in Brooklyn (Credit: Google Maps; iStock)
New York
Jul 1, 2020

All Year and David Werner renegotiate deal for $300M Brooklyn portfolio sale

Alex Sapir and the Tel Aviv Stock Exchange (Sapir by Clint Spaulding/Patrick McMullan via Getty Images, Jack Guez/AFP)
New York
Jun 3, 2020

Sapir Corp goes private as shareholders approve buyout

Deal is a win for Alex Sapir, whose real estate investment firm includes properties in NY and Miami
From left: Mapleton Rentals at at 1555-1575 61st Street in Mapleton, 1440 Story Avenue in Soundview, Beard-Van Brunt at 411 Van Brunt Street in Red Hook
New York
May 26, 2020

Abraham Leser targets $74M refi for Brooklyn, Bronx properties

New debt will replace existing mortgages from Axos, Signature
Alex Sapir, CEO of the Sapir Organization (Credit: Getty; iStock)
New York
May 19, 2020

Alex Sapir wants to take his firm private. This could be the right time

Pandemic may have created an opportunity for real estate mogul to take more control of Sapir Corp., after a prior attempt in 2017 failed
Clockwise from top left: 871 Grand Street, 392 St. Marks Avenue, 607 Franklin Avenue and 600 Park Place in Brooklyn (Credit: Google Maps)
New York
May 6, 2020

All Year’s $346M multifamily portfolio sale to David Werner falls apart

Closing hampered by financing delays, rent reductions