Bushburg Properties
People:
Bushburg Properties portfolio
$230 million – office 71.0%, elevator 24.0%; Manhattan 65.0%, Brooklyn 29.0%
253th largest portfolio by dollar value
1,852,320 sqft – office 64.0%, elevator 23.0%;
169th largest by SF
12 properties – Brooklyn 83%, Manhattan 8%
145th largest
1,037 residential units – Brooklyn 95.0%, Queens 4.0%
219th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 1 for $160 million
Seller company: 1 for $22.4 million
Borrower company: 3 for $280.9 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Cross River Bank (2), Vanbarton Group (1), Jovia Financial Federal Credit Union (1), Valley National Bank (1), PIMCO (1), Webster Bank (1), Rudin Management (1), Pine Financial Ltd. (1), Carlyle Group (1), Z+G Property Group (1)
Top Ten Associated People:
Justin B. Kleinman (1), Victor S. Brown Jr. (1), Roland M. Cablayan (1), Yonathon Whitehouse (1), Allan J. Weiss (1), Andrew Migdon (1), Annice Conolly (1), Jason Hart (1), Kenneth Stevenson (1), Eva Weber (1)
Latest Stories:
• Bushburg Properties signs $130M refi for 640-unit complex in East New York (December 03, 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)
• Bushburg Properties signs $16.5M refi for two properties in East Williamsburg (July 13, 2023)
• Bushburg signs $105M construction loan for 320-unit project in East New York (June 22, 2022)
• Vanbarton Group sells 86-unit rental to Bushburg for $16.5M in East Williamsburg (April 13, 2022)
Litigation: