Blackstone Group

(Blackstone Mortgage Trust)

Owner, Lender

Private Equity

345 Park Avenue New York, NY 10154

People:

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Blackstone Group portfolio

$4.1 billion* – elevator 62.0%, office 16.0%; Manhattan 86.0%, Queens 9.0%

13th largest portfolio by dollar value

21,033,995 sqft – elevator 72.0%, office 11.0%;

9th largest by SF

59 properties – Manhattan 52%, Queens 20%

160th largest

15,125 residential units – Manhattan 90.0%, Queens 8.0%

6th largest by residential units

59 foreclosures, 1 bankruptcy, 12 other court cases.

Company Activity past 24 months:

Buyer company: 10 for $649.9 million

Seller company: 3 for $574.3 million

Borrower company: 7 for $2.5 billion

Lender company: 7 for $1.6 billion

Top Ten Associated People:

Brodie Ruland (4), Bradford S. Barr (2), Paul St. Arnauld (2), Jane Lam (2), Larry Deutsch (2), Justin B. Keinman (1), Jeffrey A. Goldberger (1), Andrew B. Cohen (1), William L. Zeckendorf (1), Arthur W. Zeckendorf (1)

Recent activity as company:

• New York Design Center borrowed $45 million from Customers Bank for 200 Lexington Avenue, Park Avenue South, Manhattan on January 31, 2025.

Vision Enterprises Management borrowed $7.2 million from Law Offices of Thomas Lavin registered for 37-02 82nd Street, Jackson Heights, Queens on January 28, 2025.

Tishman Speyer borrowed $2.9 billion from JPMorgan Chase, Bank of America and Goldman Sachs for 435 Tenth Avenue, 66 Hudson Boulevard, and 509 West 34th Street, Hudson Yards, Manhattan on January 24, 2025.

Alma Realty borrowed $20.5 million from Deutsche Bank for 30-30 Northern Boulevard, Long Island City, Queens on January 21, 2025.

Superior Management borrowed $8 million from Deutsche Bank for 244 West 14th Street and 248 West 14th Street, West Village, Manhattan on January 21, 2025.

Delshah Capital borrowed $5.5 million from Delshah Capital for 761 7th Avenue, Midtown West, Manhattan on January 21, 2025.

Parkoff Organization borrowed $11 million from Skybrook Capital for 37-11 35th Avenue, Astoria, Queens on January 15, 2025.

L+M Development Partners borrowed $6 million from Metropolitan Commercial Bank for 11 Broadway, 11 Broadway, 11 Broadway, 11 Broadway, and 11 Broadway, Williamsburg, Brooklyn on January 13, 2025.

Delshah Capital borrowed $6 million from Brick Capital Group for 119 Orchard Street, Lower East Side, Manhattan on January 10, 2025.

Related Companies borrowed $6.5 million from LMF Commercial for 529 West 29th Street and 529 West 29th Street, Chelsea, Manhattan on January 09, 2025.

Latest Stories:

• Vision Enterprises signs $7.2M refi for office in Jackson Heights (January 29, 2025)

• Ascot Properties NYC files bankruptcy for SoHo retail bought for $38.5M (January 28, 2025)

• Tishman signs $2.85B refi for the Spiral office tower in Hudson Yards (January 27, 2025)

• Alma Realty signs $20.5M refi loan with Deutsche Bank for office in Long Island City (January 22, 2025)

• Delshah Capital signs $18M refi loan with Longline Holdings for retail in Midtown West (January 22, 2025)

• Courts roundup: $71M in 3 pre-foreclosures at Namdar, Madison Realty Capital, Yoel Goldman assets (January 13, 2025)

• RXR, Blackstone sign $900M modification to 2018 Starrett-Lehigh loan (January 06, 2025)

• Blackstone files pre-foreclosures: $45M at RFR retail, $10M at Flatiron District commercial (December 18, 2024)

• Sioni Group signs $40M refi loan with Wells Fargo for office in Garment District (December 13, 2024)

• Blackstone Group signs $550M refi for 899-unit 8 Spruce in FiDi (December 12, 2024)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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