Northwind-Group

Northwind with Partners GFP and TPG Close on 100 Pearl street, $430M loan Provided by Square Mile

10/3/2019

Square Mile Capital Management provided a $430 million construction loan to GFP Real Estate and Northwind Group for their redevelopment of 100 Pearl Street in the Financial District, according to the developers. The owners will use the loan on the 970,000-square-foot property, formerly known as 7 Hanover Square, to modernize the more than 30-year-old building with a new lobby, mechanical equipment and infrastructure.

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Northwind Secures $88M HUD Refinance for Seniors Housing in Ohio, Kentucky

9/30/2019

KeyBank Real Estate Capital has secured $88 million of financing in Federal Housing Authority loans for the Northwind Group, based in New York, to pay down a portion of a bridge loan KeyBank provided that was used to fund the acquisition of eight healthcare properties.

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Northwind Provides $26M Mezzanine Loan for $169M Skilled Nursing Portfolio in New Jersey

9/8/2019

Peace Capital and its affiliated operator Complete Care Management acquired a 930-bed senior living and skilled nursing portfolio in the Ocean County, N.J. area in a $169 million deal. The transaction was financed by a $26 million mezzanine loan from the New York City-based private equity firm Northwind Group, and a $131 million senior financing from KeyBank. Northwind’s head of senior living and health care Jonathan Slusher led the transaction for the private equity provider, with senior banker and senior vice president Henry Alonso working on the transaction for KeyBank Real Estate Capital.

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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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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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Private Equity Firm Northwind Announces New SNF Lending Platform as Part of $1B Goal

3/24/2019

Northwind Group, a private equity firm based in New York, last week announced a new health care lending platform for providing debt and preferred equity capital to seniors housing and skilled nursing real estate owners and operators.

The offerings will include first mortgage-secured loans for acquisitions, refinancings, and other bridge needs for two- to five-year terms. Northwind will also provide up to 10-year mezzanine and preferred equity financing to operators and owners.

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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

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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NYC Health + Hospitals, GFP Real Estate (GFP), and Northwind Group announced the completion of a lease agreement for 526,552 square feet of office space at 50 Water Street. The agreement allows the public health system to consolidate multiple administrative office sites into one Lower Manhattan campus, improve operational efficiencies, reduce its office footprint by 20 percent, and reduce its real estate rental costs by $16.5 million in five years and by $203.1 million over the life of the lease. The 25-year, $758 million lease agreement was approved by the NYC Health + Hospitals Board of Directors on October 25, 2018.

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Downtown tower's incoming landlord strikes big deal with city hospital system (CRAIN'S)

1/7/2019

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A partnership between GFP Real Estate and Northwind Group has completed a large lease with NYC Health and Hospitals at the downtown office building 7 Hanover Square and has big plans for the rest of the 27-story property

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GFP and Northwind have big plans and a tenant to match for FiDi office tower (tHE rEAL dEAL)

1/7/2019

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When the Gural family and Northwind Group signed a contract to buy the headquarters of Guardian Life Insurance in the Financial District a little more than a year ago, they knew they had their work cut out for them.

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SEVEN PIONEERING HOTEL ROOMS TO CHECK IN TO NEXT YEAR (suitcase)

12/21/2018

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As Ace Hotel’s stylish younger sibling, Sister City coins itself as an “experiment in essentialism”, providing sleek shelter while encouraging guests to explore the city. The rooms draw upon the functional perfection of Japanese bento boxes and Finnish saunas; no prizes for guessing that the aesthetic here is minimal. Two hundred rooms are created in fine balance of intimacy and utility.

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Northwind Acquires $182.5M Skilled Nursing Portfolio in Ohio and Kentucky (SKILLED NURSING NEWS)

10/2/2018

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Northwind Group, a real estate owner-operator based in Manhattan, acquired a portfolio of seven skilled nursing facilities with a total of 1,037 beds in Ohio and northern Kentucky. Along with one 110-unit assisted living property, the total acquisition price was $182.5 million. All of the facilities are operated by Carespring Health Care, a Loveland, Ohio-based operator with 12 locations in Ohio, Indiana, and Kentucky.

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Northwind Pursues $1 Billion Senior Living, Skilled Nursing Pipeline Over 5 Years (senior housing news)

9/27/2018

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Northwind Group, a real estate owner-operator based in Manhattan, has big plans to expand in the senior and health care space — particularly in core urban markets. The company recently acquired a portfolio of seven skilled nursing facilities and one 110-unit assisted living community in Ohio and northern Kentucky. The total acquisition price of that deal was $182.5 million.

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These were the top 10 outer borough loans in June (The Real Deal)

7/27/2018

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All Year Management makes its second appearance on June’s list thanks to a $69 million loan from TNW Capital for multiple properties in Brooklyn. TNW, a joint venture of Northwind Group and Princeton Holdings, loaned Yoel Goldman’s All Year a three-year, fixed-rate loan backed by several Brooklyn properties, including 65 Kent Avenue in Williamsburg and 1010 Bedford Avenue in Bed-Stuy.

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Eliasaf anteS up $69M loan for All Year Management (real estate weekly)

6/13/2018

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TNW Capital, a lending platform owned by Joseph Tabak and Ran Eliasaf, has closed on a $69 million loan to Yoel Goldman’s All Year Management.

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Yoel Goldman scores refi on 10-building Brooklyn package (the real Deal)

6/4/2018

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Yoel Goldman’s All Year Management closed on a $69 million loan from TNW Capital, a joint venture from Ran Eliasaf of Northwind Group and Joseph Tabak of Princeton Holdings

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Capital One Lends $100M to Refi 40 Exchange Place After Renovation (commercial observer)

5/22/2018

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Landlords GFP Real Estate and Northwind Group have secured a $100 million loan from Capital One to refinance their 40 Exchange Place office building in the Financial District, three years after acquiring the property.

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Knotel Continues to Expand, Takes Another Entire Soho Office Building (commercial Observer)

4/2/2018

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Office provider Knotel has inked a 14,000-square-foot lease for the entirety of the office space at 40 Wooster Street in Soho

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These senior housing projects are nicer than your home (NY Post)

2/14/2018

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A forthcoming rental building on the Upper West Side has undeniably luxurious extras, including a library lounge, a hair salon and a movie theater.
There’s just one catch: You have to be a senior citizen to live there.
305 West End Residences, near 74th Street, will be a sleek and shiny assisted-living facility with a memory-care wing that’s specially designed for individuals with dementia or Alzheimer’s.

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