David Palame
(David A. Palame)
BrightSpire Capital
Lender
BrightSpire Capital portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$56.3 million – office 100%; Queens 100%, Manhattan 0%
865th largest portfolio by dollar value
297,087 sqft – office 100%;
888th largest by SF
2 properties – Queens 100%, Manhattan 0%
155th largest
Person Activity past 24 months:
Buyer signatory: 2 for $127.6 million
Seller signatory: 0 for $0
Borrower signatory: 0 for $0
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Top Ten Associated People:
Patrick Sweeney (2), Kenneth Copeland (1)
Recent activity as signatory:
• Related Companies sold 21-09 Borden Avenue, Long Island City, Queens for $63.3 million to BrightSpire Capital on June 30, 2023.
• Related Companies sold 21-00 49th Avenue, Long Island City, Queens for $64.3 million to BrightSpire Capital on June 23, 2023.
• Tidal Real Estate Partners borrowed $29 million from BrightSpire Capital for 326 Wythe Avenue, 70 Grand Street, 57 South 1st Street, and 72 Grand Street, Williamsburg, Brooklyn on May 17, 2022.
• Clutter borrowed $23.8 million from FS Investments for 5601 Foster Avenue and 5633 Foster Avenue, East Flatbush, Brooklyn on September 20, 2021.