Northwind-Group

Tranquility Rules at Sister City, the Newest Hotel on Bowery

4/30/2019

Atelier Ace chose a 15-story building on Bowery, almost directly across from Prince Street, for its newest project, and the just-opened hotel is proving the allure of location. Sister City guests have the option to enter on Bowery (a big avenue) or through Freeman Alley, tucked away on Rivington Street. Entry to the building can be granted at the tap of a room key, and with the hotel’s self check-in system, it’s possible to stay there with total autonomy.

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Making Plays: Senior Living Is the Asset Class Du Jour for Welltower and Others

4/11/2019

Ran Eliasaf, a partner at private equity firm Northwind Group, which is developing a luxury senior center on the Upper West Side, can attest to the difficulties inherent in conversion. Northwind teamed up with Harrison Street Real Estate Capital and the Engel Burman Group, one of the larger senior living operators in the New York metro area, to redevelop a senior center formerly known as the Esplanade, at 305 West End Avenue into a luxury assisted-living facility.

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These were the 10 largest Manhattan real estate loans in March

4/11/2019

The top 10 Manhattan loans recorded in March totaled $2.19 billion, 81 percent up from the month before. Seven of the top 10 were refinancing deals, with three office and two hotel refis topping the list.

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Boomlet of trendy hotels, both cheap and expensive, pops up in New York

4/1/2019

In oh-so-pricey New York, a one-night stay at a Courtyard by Marriott can cost north of $1,000 during peak periods such as New Year's Eve. If you're seeking some semblance of smart design or luxury, good luck finding a halfway-decent room for under $500 a night. But after years of pushback from developers dead-set on maximizing per-room revenues, hoteliers are finding a new way to offer more bang for travelers' bucks all across Manhattan - whether they're looking to pay $200 a night or $2,000.

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Ace Hotel on Bowery lands $80M refinancing

3/7/2019

A new hotel just landed a new refinancing package.
Developer David Paz’s Omnia Group and the Northwind Group secured an $80 million mortgage for the new Ace Hotel on the Bowery, according to sources familiar with the deal.Bank Hapoalim provided the five-year balance-sheet loan for the 14-story, 200-key hotel, replacing previous debt from Bank of the Ozarks, property records show.

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These were NYC’s top office leases in January

2/4/2019

1) NYC Health + Hospitals, 100 Pearl Street, Financial District – 527,000 square feet
The nonprofit signed a 24-year lease for 527,000 square feet of space at 100 Pearl Street, which new owners Northwind Group and the Gural family purchased just over a year ago for over $300 million. Brian Waterman and Ira Rovitz of Newmark Knight Frank represented the tenant. The building’s landlords are the Gural family and Northwind Group.

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GFP, Northwind seek new equity partner for FiDi office overhaul

1/23/2019

With a big tenant lined up to anchor their repositioning of the former Guardian Life headquarters in the Financial District, the Gural family and the Northwind Group are looking to bring a new equity partner on to the project.

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NYC Health + Hospitals, GFP Real Estate and Northwind Group Announce 525,000 Square Feet Lease Agreement at 50 Water Street

1/8/2019

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