Park Tower Group

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Park Tower Group NYC portfolio

$640.4 million* – industrial 76.0%, condo 23.0%; Brooklyn 100.0%, Manhattan 0.0%

254th largest portfolio by dollar value

263,172 sqft – condo 100%, industrial 0%;

970th largest by SF

10 properties – Brooklyn 100%, Manhattan 0%

812th largest

672 residential units – Brooklyn 100%, Manhattan 0%

324th largest by residential units

Top Ten Associated People:

Takezo Oda (1), Brendan McBride (1), Ruth Moreira (1), Elizabeth Oakley Steckart (1)

Recent activity as company:

Rockefeller Group and Park Tower Group borrowed $231.8 million from Sumitomo Mitsui Trust Bank for 16 Dupont Street, Greenpoint, Brooklyn on August 30, 2022.

Park Tower Group sold N/A Dupont Street, Greenpoint, Brooklyn for $19 million to Rockefeller Group Development on January 04, 2022.

Park Tower Group for Guy Morton filed plans for new building for 467,100 sqft in Greenpoint, Brooklyn, on October 26, 2021.

Park Tower Group borrowed $30 million from Signature Bank for 16 Dupont Street and N/A Dupont Street, Greenpoint, Brooklyn on July 19, 2021.

Park Tower Group borrowed $135.3 million from NYC Housing Development Corporation for 35 Commercial Street, Greenpoint, Brooklyn on July 19, 2021.

City of New York sold 16 Dupont Street, Greenpoint, Brooklyn for $22.9 million to Park Tower Group on July 19, 2021.

Park Tower Group for Guy Morton filed plans for new building for 318,639 sqft in Greenpoint, Brooklyn, on April 03, 2020.

Park Tower Group sold West Street, West Street, West Street, , Eagle Street, and others, Greenpoint, Brooklyn for $162 million to Brookfield Properties on September 19, 2019.

Park Tower Group sold Commercial Street, Commercial Street, Greenpoint, Brooklyn for $63.8 million to Brookfield Properties on September 19, 2019.

Park Tower Group sold West Street, West Street, , West Street, West Street, and others, Greenpoint, Brooklyn for $4.7 million to Brookfield Properties on September 19, 2019.

Latest Stories:

• Brookfield signs $340M refi with Ares Management for 2 rental towers in Greenpoint, Mott Haven (May 09, 2024)

• Brookfield, LeFrak call portions of emergency rent law unconstitutional, sue state (November 11, 2022)

• Rockefeller Group signs $231.8M construction loan with Sumitomo Mitsui Trust Bank for 378-unit development in Greenpoint (August 31, 2022)

• Brookfield Properties signs $292.5M take-out loan with MF1 Capital for 421-unit elevator building in Greenpoint (January 19, 2022)

• Brookfield signs $400M construction loan with Blackstone for 3 Greenpoint Landing buildings (August 03, 2021)

• Park Tower Group pays $22.9M to City of New York for dev site in Greenpoint (July 20, 2021)

• Park Tower Group signs $170M construction loan for Greenpoint development (July 20, 2021)

• Brookfield signs $188.4M new construction loan with Otera Capital for development in Greenpoint (May 24, 2021)

• Brookfield Properties and Park Tower Group file plans for construction of a 374-unit, 318K sf residential building in Greenpoint. (April 06, 2020)

• Park Tower Group sells stake to partner Brookfield in Greenpoint sites, with transfer valued at $226M (September 20, 2019)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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