Northwind-Group

sISTER CITY'S RESTAURANT Floret IS #2 On "Best New Restaurants In NYC" list

8/29/2019

In many ways, Floret is a standard hotel restaurant. It serves roasted chicken and a whole fish, and the big space tends to have a mix of families planning their NYC tours and semi-professional-looking people drinking wine during two-hour lunches. Oh, and it’s in a hotel - a new one called Sister City on Bowery. But the food is a big step up from most hotel restaurants. There’s veal breast with earthy, spongy morels, lamb ribs with a big side bulgar salad, pasta covered in creamy stracciatella cheese, and a fried bread appetizer that’s the best thing here. It’s like like a big, round churro, with ricotta for dipping, and it’s something you need to go out of your way to eat as soon as possible. You probably won’t have any trouble getting a table in the dining room, but try to sit on the outdoor patio, which has great people-watching thanks to its location next to the elevator that leads up to Last Light, the hotel’s popular rooftop bar.

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TPG joins Gurals, Northwind on FiDi office redevelopment

6/19/2019

TPG Real Estate Partners is joining the Gural family and the Northwind Group as the majority stakeholder on their deal to purchase and reposition the 7 Hanover Square office tower in the Financial District, sources told The Real Deal.

The real estate investment arm of private equity firm TPG Capital signed an agreement last week to form a joint venture with the Gural’s GFP Real Estate and Ran Eliasaf’s Northwind Group on their $308.5 million purchase of the 1980s era building, which is expected to close later this year.

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rising stars in real estate (crain's)

6/6/2019

Dror Segal, Northwind's CIO, was honored in Crain's Magazine as one of the rising starts in real estate for 2019.

Dror Segal supervises Northwind Group’s real estate investments across multiple asset classes. Since joining the private equity firm in 2016, Segal has grown its Manhattan portfolio in areas such as senior living and health care and has assisted in establishing its proprietary lending platform. He has also been involved in transactions valuing more than $1 billion.

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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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