Innovo Property Group
Owner, Developer
Private Equity
1350 6th Ave 17th floor, New York, NY 10019
People:
Innovo Property Group portfolio
$108.1 million* – industrial 40%, condo 30%; Queens 67%, Bronx 32%
529th largest portfolio by dollar value
1,050,462 sqft – condo 62%, industrial 37%;
334th largest by SF
13 properties – Queens 69%, Bronx 30%
663th largest
Company Activity past 24 months:
Buyer company: 1 for $6.2 million
Borrower company: 1 for $43 million
Top Ten Associated Companies:
John Pantanelli (3), Cerberus Capital Management (2), Granite Point Mortgage Trust (2), Starwood Property Trust (1), Metro Office Furniture Rental (1), JPMorgan Chase (1), Deutsche Bank (1), Baldor Specialty Foods (1), Starwood Capital Group (1), CenterPoint Properties (1)
Top Ten Associated People:
John Pantanelli (3), Farid Maluf (1), Samuel Sutton (1), Simon B. Burce (1), James N. Clewlow (1), Michael Tortorici (1), Jacob Khotoveli (1), E. Hamil Douglas (1), John A. Taylor (1), Steven J. Borenstein (1)
Recent activity as company:
• John Pantanelli sold 25-20 Borden Avenue, Long Island City, Queens for $6.2 million to Innovo Property Group on December 24, 2024.
• Innovo Property Group borrowed $43 million from Deutsche Bank for 28-90 Review Avenue, Long Island City, Queens on June 07, 2023.
• Innovo Property Group borrowed $27 million from PCCP for 1100 Leggett Avenue, Hunts Point, Bronx on August 03, 2022.
• Innovo Property Group, Nan Fung Group and Atalaya Capital Management borrowed $304.6 million from JPMorgan Chase for 23-30 Borden Avenue, Long Island City, Queens on August 02, 2022.
• Metro Office Furniture Rental sold 1100 Leggett Avenue, Hunts Point, Bronx for $21.5 million to Innovo Property Group on July 26, 2022.
• Paul D. McKinnell sold 21-32 Borden Avenue, Long Island City, Queens for $11 million to Innovo Property Group on July 22, 2022.
• Innovo Property Group for Andrew Chung filed plans for new building for 22,000 sqft in Long Island City, Queens, on June 28, 2022.
• Innovo Property Group borrowed $90 million from Cerberus Capital Management for 1132 Oak Point Avenue, Hunts Point, Bronx on April 06, 2022.
• Innovo Property Group borrowed $28.6 million from Starwood Property Trust for 28-90 Review Avenue, Long Island City, Queens on March 24, 2022.
• Innovo Property Group sold 511 Barry Street, Hunts Point, Bronx for $119 million to CenterPoint Properties on September 07, 2021.
Latest Stories:
• Innovo pays $6.2M for LIC industrial, in contract since 2020 (December 26, 2024)
• Innovo Property signs $43M refi for 350K storage project in LIC (June 08, 2023)
• Innovo Property Group pays $21.5M for industrial in Hunts Point (July 27, 2022)
• CenterPoint pays $119M to Innovo Property Group for warehouse in Hunts Point (September 08, 2021)
• Innovo Property pays $102.5M to Pearl Realty, Vornado for Hunts Point industrial (June 16, 2021)
Properties: