Starwood Capital Group

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Starwood Capital Group portfolio

$128.4 million* – hotel 67%, C0 13%; Brooklyn 64%, Manhattan 13%

453th largest portfolio by dollar value

445,926 sqft – hotel 45%, specialty 33%;

671th largest by SF

9 properties – Brooklyn 66%, Manhattan 11%

911th largest

3 residential units – Manhattan 100%, Bronx 0%

5999th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $3 million

Seller company: 1 for $233.8 million

Borrower company: 1 for $113 million

Lender company: 4 for $57.8 million

Top Ten Associated Companies:

Joel Schwartz (7), Pouya Toobian (3), Bruman Realty (2), Beitel Group (1), Sarvenaz Keypour (1), Turnbridge Equities (1), Joshua Wagschal (1), Zeta Charter Schools (1), Trion Real Estate Management (1), Mendel Roth (1)

Top Ten Associated People:

David Banda (2), Joel Schwartz (2), Ryan Bathie (2), Binyamin Beitel (1), Sarvenaz Keypour (1), Ryan Nelson (1), Joshua Wagschal (1), Emily Kim (1), Hershy Silberstein (1), Mark McKew (1)

Recent activity as company:

Starwood Capital Group borrowed $113 million from Empire State Development and Sumitomo Mitsui Banking Corporation for 60 Furman Street, 90 Furman Street, 90 Furman Street, 60 Furman Street, 90 Furman Street, and others, Brooklyn Heights, Brooklyn on October 07, 2024.

Magnum Real Estate Group sold 241 West 14th Street, Chelsea, Manhattan for $3 million to Starwood Capital Group on July 26, 2024.

Starwood Capital Group sold 1414 Avenue Of The Americas, Midtown West, Manhattan for $233.8 million to Host Hotels & Resorts on July 16, 2024.

MAS Development Management borrowed $8.4 million from Starwood Capital Group for 1281-1283 Hoe Avenue, East Morrisania, Bronx on April 02, 2024.

Leah Waldman borrowed $5.2 million from Starwood Capital Group for 2136 Bedford Avenue and 2138 Bedford Avenue, Flatbush, Brooklyn on February 02, 2024.

Joel Schwartz borrowed $8.2 million from Starwood Capital Group for 322 Graham Avenue, Williamsburg, Brooklyn on January 18, 2024.

Hershy Silberstein borrowed $36 million from Starwood Capital Group for 2136 Honeywell Avenue, West Farms, Bronx on November 29, 2023.

Starwood Capital Group sold 425 Westchester Avenue, Longwood, Bronx for $4 million to Zeta Charter Schools on August 04, 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.

Joshua Wagschal borrowed $16.9 million from Starwood Capital Group for 130 South 2nd Street, 342 Rodney Street, 178 Meserole Street, 180 Meserole Street, 182 Meserole Street, and others, Williamsburg, Brooklyn on January 25, 2022.

Latest Stories:

• Starwood acquires landmarked Chelsea townhouse following $9.2M foreclosure (July 29, 2024)

• Host Hotels pays $233.8M to Starwood for hotel in Midtown West (July 17, 2024)

• Courts roundup: Kalimian-Amirian settlements, $15M Clinton Hill note sale, $13.7M Chelsea auction (May 10, 2024)

• Courts roundup: $23M LIC pre-foreclosure; second round $65M Midwood pre-foreclosure, $9.2M East Village forbearance (February 09, 2024)

• Bruman Realty sells 100-unit building in Brownsville for $23.2M (January 03, 2024)

• Innovo Property signs $43M refi for 350K storage project in LIC (June 08, 2023)

• Joel Schwartz signs $6.9M refi loan with BridgeCity Capital for residential elevator in Williamsburg (December 16, 2022)

• Charter school pays $4M to Starwood for commercial condo unit in Longwood (August 05, 2022)

• Innovo, Nan Fung Group, sign $304.6M construction loan with JPMorgan Chase for 680K LIC warehouse (August 03, 2022)

• Joshua Wagschal signs $16.9M refi loan with Starwood for 10 properties in Brooklyn (January 26, 2022)

Properties:

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

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