Durst Organization
Durst Organization portfolio
$4.4 billion – office 83%, elevator 7%; Manhattan 92%, Queens 7%
11th largest portfolio by dollar value
10,756,212 sqft – office 75%, elevator 15%;
23th largest by SF
77 properties – Manhattan 72%, Queens 25%
83th largest
2,598 residential units – Queens 70%, Manhattan 29%
70th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 1 for $2.5 million
Borrower company: 4 for $608.9 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Wells Fargo (6), JPMorgan Chase (2), Signature Bank (1), Library Hotel Collection (1), Jeannine Tientcheu (1), M&T Bank (1), Bank of America (1), Citibank (1), United Way of New York City (1)
Top Ten Associated People:
Aaron Greene (1), Imrich Henry Kallan (1), Leart Saliu (1), Jeannine Tientcheu (1), John G. Nicol (1), Leeanne Martz (1), Thomas P. Guiltinan (1)
Latest Stories:
• Durst signs $450M refi at 958-unit Sven in LIC, was on market for $800M (June 19, 2024)
• Durst Organization adds $200M in debt from JPMorgan Chase at 4 Times Square (September 29, 2022)
• Durst signs $87.5M refi with M&T Bank for dev site in East Harlem (September 15, 2021)
• Durst ups debt to $331M for office building in Times Square (May 27, 2021)
• Durst files plans for $11.5M multi-floor rehab in Times Square (May 19, 2021)
• Durst Organization finishes $2.8M single-floor rehab at Bank of America Tower (August 03, 2020)
• Durst files plans for $1.8M rehab of two floors at 4 Times Square (July 22, 2020)
Litigation: