PIMCO
People:
PIMCO portfolio
$478 million* – office 53%, condo 27%; Manhattan 97%, Queens 2%
128th largest portfolio by dollar value
1,174,691 sqft – office 51%, condo 29%;
298th largest by SF
7 properties – Manhattan 85%, Queens 14%
1130th largest
3 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Seller company: 1 for $255 million
Borrower company: 1 for $235 million
Lender company: 1 for $94 million
Top Ten Associated Companies:
Diamond Property Group (14), Croman Real Estate (9), Ljumni Pelinkovic (7), PWB Management (6), Goldman Sachs (4), Deutsche Bank (4), Naftali Frankel (4), Gioia Realty (4), Morris Weinberg (3), Tamrak Management (3)
Top Ten Associated People:
Michael Ellis (4), Uzi Evron (1), Gregory Weingart (1), Michael Eglit (1), Prime Group Holdings (1), Matthew A. Dicker (1), Lichter & Lichter, LP is a law firm. Alfred Lichter owned the building before it ownership was transferred to Lichter Real Estate Number One LLC. Lichter & Lichter as well as the LLC were named in a lawsuit by a tenant. https://casetext.com/case/webman-v-lichter-lichter-lp (1), Mendel Rabkin (1), Elchonon Schwartz (1), Chaim Waldman (1)
Recent activity as company:
• RXR Realty, LBA Realty and PIMCO borrowed $235 million from New York Life Insurance Company for 55-15 Grand Avenue, Maspeth, Queens on February 03, 2025.
• Columbia Property Trust and PIMCO sold 799 Broadway, Greenwich Village, Manhattan for $255 million to Savanna on November 26, 2024.
• InterVest Capital Partners borrowed $0 from Oaktree Capital Management for 111 Wall Street, Financial District, Manhattan on November 08, 2024.
• Gerald Platt borrowed $7.1 million from Arbor Realty Trust for 302 East 3rd Street, Alphabet City, Manhattan on July 08, 2024.
• Lichter & Lichter borrowed $0 from InterVest Capital Partners for 341 Amsterdam Avenue, Upper West Side, Manhattan on May 23, 2024.
• United American Land borrowed $23.5 million from Israel Discount Bank for 296 Canal Street and 300 Canal Street, Tribeca, Manhattan on May 21, 2024.
• Carlyle Group borrowed $11.7 million from KeyBank for 180 Bainbridge Street, Bedford Stuyvesant, Brooklyn on October 17, 2023.
• Wildflower Ltd. borrowed $94 million from PIMCO for N/A Whitestone Expresswa, None, Queens on March 29, 2023.
• Ayhan Turkmen borrowed $5.8 million from JPMorgan Chase for 1829 Caton Avenue, Flatbush, Brooklyn on January 20, 2023.
• Kemal Ilgar Peker borrowed $5 million from Dime Community Bank for 378 3rd Avenue, Kips Bay, Manhattan on October 27, 2022.
Latest Stories:
• RXR, LBA Realty, sign $235M refi for Amazon-occupied industrial in Maspeth (February 04, 2025)
• TPG pays $96.5M to Columbia Property for office in Tribeca (June 28, 2024)
• $37M note sale for 100-unit UWS rental (May 24, 2024)
• United American Land signs $23.5M refi for two properties in Tribeca (May 22, 2024)
• Hafedh Alsaedi pays $6.2M for 18-unit walkup in Brownsville (April 25, 2023)
• $388M internal transfer at RXR, LBA Logistics Maspeth warehouse leased to Amazon (March 15, 2023)
Court Records:
Properties: