Northwind-Group - News

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.

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.

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.

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

1/8/2019

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

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

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

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

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

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

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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Tabak, Eliasaf ante up $69M loan for All Year Management (real estate weekly)

6/13/2018

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

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

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

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

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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A New, Zenlike Oasis From the Ace Hotel (WSJ)

1/24/2018

THE NEW YORK outpost of the Ace Hotel chain is known for its vibrant lobby scene—full of creative types working on screenplays or pitching an app in development. This fall, the hotel will gain a sibling called Sister City, located on the Bowery, on Manhattan’s Lower East Side.

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GFP, NORTHWIND AGREE TO $310M FIDI OFFICE DEAL (NY Post)

1/16/2018

GFP Real Estate and the Northwind Group have signed a contract to buy 7 Hanover St. for $310 million, equating to roughly $350 per square foot, but renovations will increase the all-in future costs.

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Cushman & Wakefield handle $26.75 million sale (Nyrej)

8/15/2017

The residential condominium portion located at 1 Coenties Slip, also known as 66 Pearl St., was sold in an all-cash transaction valued at $26.75 million.

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Under Construction: Inside the Redevelopment of 40 Exchange Place (commercial observer)

6/14/2017

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305 WEST END AVE - (THE REAL DEAL)

12/8/2016

Ran Eliasaf’s Northwind Group, Harrison Street Real Estate Capital and the Engel Burman Group jointly picked up a 14story Upper West Side luxury senior housing facility at 305 West End Avenue for nearly $150 million, or about $800 per square foot.

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Investors Strike $150 Million Deal for Senior Residence on NYC’s Upper West Side (WSJ)

12/8/2016

An investor group has paid about $150 million for a senior residence on New York’s Upper West Side, with plans to upgrade the facility and provide assisted-living and memory-care services.

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Cushman & Wakefield Sells Lower Manhattan Retail Condominium at 66 Pearl Street On Behalf of Northwind Group

5/17/2016

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40 EXCHANGE PLACE - (REAL ESTATE WEEKLY)

11/18/2015

Newmark, Northwind plan repositioning at 40 Exchange Place A 20 story, 300,000 s/f office and retail building is located in the heart of the Financial District, near the New York Stock Exchange, the Fulton Street transportation hub and the World Trade Center complex.

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Northwind buys 66 Pearl Street for $30M

10/29/2014

Northwind Group, a boutique real estate investment firm, bought 66 Pearl Street for $30.1 million

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40 WOOSTER STREET - (COMMERCIAL OBSERVER)

5/7/2014

Northwind Group has acquired 40 Wooster Street in Soho, according The six-story commercial building boasts 9,000 square feet of office space and 2,375 square feet of retail space.

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