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Talking Downtown, Hotels and the 1990s With Tribeca Associates’ Bill Brodsky
It was the early 1990s when Downtown leasing broker—and neophyte developer—Bill Brodsky plunked down around $250,000 to buy a 1915 Tribeca building with the notion that he would convert it from rentals...
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Gary Barnett’s Big Downtown Bet
Few developers this decade have shown a desire to reshape the Manhattan skyline like Gary Barnett. The Extell Development Company chief virtually invented Billionaires’ Row with his One57 condominium...
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Savanna Sells Flatiron District Retail Condo for $97.5M After Three Years
TH Real Estate, an affiliate of TIAA Global Asset Management’s investment arm Nuveen, has acquired a retail condominium on the ground floor of the 23-story 10 Madison Square West from Savanna,...
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Silver Lining: Disgraced Former Speaker Gets Conviction Overturned
When Sheldon Silver was the Speaker of the New York State Assembly he acquired the descriptor those in politics and cookware aspire to: He was Teflon. That image—which looked so bogus when he was...
View ArticleArchitecture Firm Moving NYC Offices to Woolworth Building
Architecture and design firm CallisonRTKL is moving its New York City offices to the iconic Woolworth Building in the Financial District. The firm is taking the entire 28,096-square-foot 16th floor at...
View ArticleDeutsche Bank Refis Witkoff West Hollywood Mixed-Use Property With $300M Loan
Witkoff Group and Howard Lorber‘s New Valley Group have landed a $300 million refinance for the West Hollywood Edition Hotel and Residences in West Hollywood, Calif., Commercial Observer can first...
View ArticleWitkoff, Mubadala Get $615M Refinance on Park Lane Hotel
J.P. Morgan Chase and Deutsche Bank have teamed up to provide $615 million to The Witkoff Group and Emirati sovereign wealth fund Mubadala Investment Company to refinance the Park Lane Hotel in...
View ArticleWitkoff Nabs $42M Refinance on 420 Fifth Avenue Condos Housing MLS HQ
Deutsche Bank has provided $42 million to The Witkoff Group to refinance two office condominiums at 420 Fifth Avenue that serve as Major League Soccer’s (MLS) New York headquarters, Commercial Observer...
View ArticleSouth Korean Lender Provides $31M Mezz Loan on Witkoff Resi Project in Cali
South Korean investment firm Mirae Asset Daewoo has provided a $31 million mezzanine loan to Steven Witkoff’s The Witkoff Group to help facilitate the resumption of the firm’s planned luxury...
View ArticleWhen a Project Stalls, Here’s Who Swoops in to Save the Day [Updated]
Never fear! Your friendly neighborhood lender is here! When global real estate owner Bizzi & Partners Development broke ground on its supertall 273-unit condominium project downtown at 125...
View ArticleJPM, MRECS Refinance Witkoff’s West Hollywood EDITION With $230M Loan
Witkoff has landed a $230 million refinance of its West Hollywood EDITION Hotel, Commercial Observer has learned. J.P. Morgan and Mack Real Estate Credit Strategies provided the debt in a transaction...
View ArticleWitkoff Plans Makeover for Historic Miami Beach Hotel
The Witkoff Group and Monroe Capital are teaming up to refresh a historic oceanfront hotel in Miami Beach, the pair announced. The New York-based developer and Chicago-based asset management firm...
View ArticleWitkoff Plans Huge Miami Worldcenter Project With 2,200 Resi Units
The Witkoff Group is planning a massive residential development in Downtown Miami. The New York-based developer wants to build 2,195 residential units at its Miami Worldcenter project at 700 North...
View ArticleMiami Beach Greenlights Projects By Shvo, Witkoff and Galbut
Miami Beach officials approved three redevelopment projects of historic properties on the island by three real estate heavyweights Tuesday. Michael Shvo will revamp a prominent office building on...
View ArticleQatar Sovereign Fund Acquires Park Lane Hotel for $623M
The Witkoff Group and Emirati sovereign wealth fund Mubadala Investment Company came close — but not close enough — to breaking even on the Park Lane Hotel. Qatar Investment Authority (QIA) — the...
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