Joni Brown-Haas
PGIM Real Estate
(Prudential Financial, PGIM, Prudential Insurance Company of America, Prudential Real Estate Investors)
Lender
PGIM Real Estate portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$284.4 million – office 66%, condo 32%; Manhattan 100%, Bronx 0%
208th largest portfolio by dollar value
682,473 sqft – office 69%, condo 30%;
464th largest by SF
4 properties – Manhattan 100%, Bronx 0%
153th largest
Notes
PGIM is the principal asset management business of Prudential Financial, Inc
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 1 for $16 million
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Neil Simon (1), Rudin Management (1)
Top Ten Associated People:
Neil Simon (1), William C. Rudin (1)
Recent activity as signatory:
• Canvas Property Group borrowed $63 million from Tokyu Land Corporation for 220 East 22nd Street and 210 East 22nd Street, Gramercy, Manhattan on October 21, 2024.
• J.P. Morgan Asset Management borrowed $165 million from Northwestern Mutual Life Insurance for 776 Avenue Of The Amer, NoMad, Manhattan on June 14, 2024.
• Javeri Capital borrowed $20 million from Bank of Montreal for 91 Crosby Street, SoHo, Manhattan on January 12, 2024.
• Neil Simon borrowed $16 million from Prudential Financial for 74-04 Grand Avenue, Maspeth, Queens on April 06, 2023.
• 860 United Nations Plaza cooperative borrowed $13 million from TD Bank for 860 United Nations Plaza, Turtle Bay, Manhattan on September 16, 2022.
• Rudin Management borrowed $30 million from State Farm Mutual Automobile Insurance Company for 254 E. 68th Street, Lenox Hill, Manhattan on August 05, 2022.
• Rudin Management borrowed $40 million from State Farm Mutual Automobile Insurance Company for 241 Central Park West, Upper West Side, Manhattan on August 03, 2022.
• Rudin Management borrowed $395 million from JPMorgan Chase for 3 Times Square, Times Square, Manhattan on June 28, 2022.
• The Sovereign cooperative borrowed $48 million from Apple Bank for Savings for 425 East 58th Street and 408 East 59th Street, Sutton Place, Manhattan on April 14, 2022.
• James Glickson borrowed $19 million from Principal Life Insurance Company for 1634 1st Avenue, Yorkville, Manhattan on April 11, 2022.
Latest Stories:
• Canvas pays $104.5M to PGIM for two rentals with 210 units in Gramercy October 22, 2024
• Bushburg files plans for 500-unit FiDi conversion at former Rudin office tower October 14, 2024
• Bushberg pays $160M for 80 Pine, borrows $134M September 18, 2024
• J.P. Morgan signs $165M refi with Northwestern for 387-unit rental in NoMad June 17, 2024
• Javeri Capital pays $29M to BentallGreenOak for mixed-use rental in SoHo January 15, 2024
• Neil Simon signs $16M refi for industrial in Maspeth April 07, 2023
• Rudin signs $30M refi with State Farm for 172-unit rental in Lenox Hill August 08, 2022
• Rudin signs $40M refi with State Farm for 241-unit rental facing Central Park August 04, 2022
• Rudin signs $395M senior loan for 3 Times Square, part of $415M rehab financing June 29, 2022