MetLife

People:

To see the 3 people from this company you need a Professional level subscription

Subscribe ($125/month)

MetLife portfolio

$60.7 million* – office 60%, condo 20%; Manhattan 60%, Brooklyn 39%

836th largest portfolio by dollar value

231,872 sqft – office 62%, condo 18%;

1070th largest by SF

4 properties – Brooklyn 75%, Manhattan 25%

1795th largest

78 residential units – Brooklyn 100%, Manhattan 0%

1660th largest by residential units

2 foreclosures, 0 bankruptcies, 33 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $30 million

Lender company: 6 for $1.6 billion

Top Ten Associated Companies:

HUBB NYC (2), Clarion Partners (2), RXR Realty (2), Fortress Investment Group (2), Marx Realty & Improvement (1), Clipper Equity (1), Rockrose Development (1), Midwood Investment & Development (1), Marx Realty (1), Rose Associates (1)

Top Ten Associated People:

John P. McCarthy (2), Steve Dluzyn (2), Katie Vaz (2), David Scheible (2), David Bistricer (1), Richard A. Brancato (1), John Usdan (1), Craig M. Deitelzweig (1), Amy Rose Silverman (1), Lloyd Goldman (1)

Recent activity as company:

Williams Equities borrowed $100 million from MetLife for 470 Park Avenue South, Park Avenue South, Manhattan on January 08, 2025.

RXR Realty and Blackstone Group borrowed $900 million from Morgan Stanley, Deutsche Pfandbriefbank, Alabama One Asset Management, MetLife, Aozora Bank, Sun Life Assurance Company of Canada, Woori Bank and Blackstone Group for 601 West 26th Street, Chelsea, Manhattan on January 03, 2025.

Fortress Investment Group borrowed $0 from Prime Finance for 231 East 76th Street, Lenox Hill, Manhattan on November 22, 2024.

Ben-Josef Group Holdings borrowed $33.7 million from Ben-Josef Group Holdings for 25 Monroe Place, Brooklyn Heights, Brooklyn on October 08, 2024.

Prestige Properties & Development borrowed $280 million from JPMorgan Chase for 2100 Bartow Avenue and 2134 Bartow Avenue, Co-op City, Bronx on September 23, 2024.

Muss Development borrowed $25.2 million from Argentic Investment Management for 350 Jay Street, Downtown Brooklyn, Brooklyn on August 02, 2024.

Sovereign Partners borrowed $20 million from MetLife for 780 Third Avenue, Midtown East, Manhattan on July 09, 2024.

ATCO Properties & Management sold 240 West 35th Street, Garment District, Manhattan for $30 million to MetLife on July 09, 2024.

Related Companies borrowed $450 million from MetLife and Pacific Life Insurance Company for 10 Columbus Circle and 35 Columbus Circle, Lincoln Square, Manhattan on May 07, 2024.

Twining Properties, Principal Real Estate Investors and BedRock Real Estate Partners borrowed $39 million from Principal Real Estate Investors for 27-19 44th Drive and 44-16 Purves Street, Long Island City, Queens on February 09, 2024.

Latest Stories:

• Williams Equities pays $147.5M to PGIM, SJP for office on Park Avenue South (January 09, 2025)

• UDR alleges it is owed $6.2M in unpaid retail condo fees (January 07, 2025)

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

• Strategic Hotels signs $97.75M refi for Essex Hotel in Midtown West (October 21, 2024)

• Ben-Josef Group pays $43.5M to Benchmark, for 67-unit rental in Brooklyn Heights, was $50M in 2015 (October 09, 2024)

• Prestige Properties ups debt to $280M at Co-op City shopping center (September 24, 2024)

• MetLife as former lender acquires ATCO’s Garment District building through $30M foreclosure (July 10, 2024)

• Sovereign Partners buys Nuveen’s Midtown East office building for $177M, bought for $161M in 2014 (July 10, 2024)

• Related amends $450M loan with MetLife, PacLife for Columbus Circle retail, parking (May 08, 2024)

• $74.7M foreclosure auction scheduled May 29 for ATCO’s Garment District building, 3rd large auction that day (May 08, 2024)

Court Records:

To see the 2 cases for this company you need a Professional level subscription

Subscribe ($125/month)

Properties:

To see the 3 properties for this company you need a Professional level subscription

Subscribe ($125/month)

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

Leave a Reply