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Through his company, Pinnacle Group, Wiener manages about $2 billion worth of New York City property, 10,000 apartments, almost all rent-regulated, in every borough except Staten Island. [ 5 ] Pinnacle has had extensive funding from the Praedium REIT, including the purchase of Baruch Singer 's nearly 3,000 apartments in northern Manhattan for ...
From 2000 to 2014, Werner purchased $10.6 billion in real estate including the 2003 purchase of 11 Madison Avenue for $673 million. [1] In 2012, Werner partnered with Brooklyn real estate investor Joel Schreiber and purchased One Court Square for $481 million in Long Island City, Queens from Stephen L. Green's SL Green and JPMorgan Asset ...
In addition to Arlen, Cohen continued to invest in real estate, lodging, restaurants, aviation, and manufacturing industries. [11] Some projects include the development of the David Childs designed Worldwide Plaza [12] and the Crowne Plaza Hotel in Times Square with William Zeckendorf Jr., [13] the Peninsula Hotel in New York City, [14] the Hotel Pennsylvania, [15] the Whitehall Building in ...
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The firm owns more than 60 buildings, with thousands of residential units, in New York and New Jersey. [2] The partnership are known for their attempted purchase of the Starrett City housing complex in Brooklyn, New York, for $1.3 billion on February 8, 2007 in one of the largest real estate transactions in history. [3]
Wanting to get into New York real estate and lacking the funding to compete with established real estate families (e.g. Dursts, Roses, Fishers, Rudins, Tishmans, and the Lefraks), Sutton took a different tack: he would first find a potential tenant, determine where they wanted a store, and then seek to buy out the lease from the tenant at the location.
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