Marx Development Group
People:
Marx Development Group portfolio
$299.7 million – elevator 35%, specialty 28%; Manhattan 49%, Queens 45%
197th largest portfolio by dollar value
1,380,527 sqft – elevator 41%, specialty 31%;
234th largest by SF
157 properties – Queens 98%, Manhattan 1%
37th largest
479 residential units – Queens 100%, Manhattan 0%
384th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 0 for $0
Borrower company: 5 for $199 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Mack Real Estate Group (4), Tel Aviv Stock Exchange bondholders (2), Madison Realty Capital (2), Capital Funding Group (2), Bankwell Bank (1), Rialto Capital (1), Benjamin Landa (1), Wells Fargo (1), Seavest Investment Group (1), Axos Bank (1)
Top Ten Associated People:
Jennifer Loucks (2), Konstantin Grinberg (1), Sorana Georgescu (1), Benjamin Landa (1), Hillel Lazarus (1), Marissa Sprick (1), Urian Yap (1), Jonathan L. Winer (1)
Latest Stories:
• Marx Development signs non-binding MOU to sell Flushing nursing home for $75M (January 10, 2025)
• Seavest pays $53.8M to Marx Development for office building in Homecrest (June 09, 2021)
Litigation: