Real Estate transactions on the old New York Times Building — purchased by Lev Leviev’s Africa Israel subsidiary in 2007 and part owned by Kushner Companies

229 West 43rd Street Timeline

  • 2007 — $525,000,000 — Leviev’s AFI buys from Tishman
  • 2011 — Leviev’s AFI converts 229 W 43rd into Condos
  • 2011 — $160,000,000 — Blackstone buys 12 top office floors
  • 2015 — $516,000,000 — Blackstone sells to Columbia Property Trust
  • 2015 — $295,027,000 — Kushner Cos buys 250,000 feet retail space
  • 2016 — $285,000,000 — Deutsche Bank mortgage to Kushner Cos
  • 2016 — $85,000,000 — SL Green Mezzanine loan to Kushner Cos
  • 2017 — $7,766,446 — Cerberus sells to A-B Parent LLC

Timeline with source links

2007 — $525,000,000 — Leviev’s Africa Israel buys 229 W 43rd St

2011 — Leviev’s Africa Israel converts 229 W 43rd into Condos

2011 — $160,000,000 — Blackstone buys 12 office floors

  • 7/13/2011 DEED —Africa Isreal’s holding company sells to Blackstone holding company BRE/N.Y.T. LLC

2015 — $516,000,000 — Blackstone sells to Columbia Property Trust

  • 8/4/2015 DEED — Blackstone holding company BRE/N.Y.T. LLC sells to Columbia Property Trust holding company Columbia REIT

2015 — $295,027,000 — Kushner Cos buys 250,000 feet retail space

  • 10/29/2015 DEED — Africa Isreal’s holding company sells to Kushner Companies four holding companies: Elmwood NYT Owner, LLC, Oakwood NYT Owner, LLC, Wallkill NYT Owner, LLC, Landings NYT Owner, LLC

2016 — $285,000,000 — Deutsche Bank mortgage to Kushner Cos

2016 — $85,000,000 — SL Green Mezzanine loan to Kushner Cos

  • SL Green Loan — this transaction and Deutsche bring total refinancing for Kushner Cos to $370 million.

2017 — $7,766,446 — Cerberus sale to A-B Parent LLC

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Freelance journalist, wendyusa@protonmail.com https://twitter.com/WendySiegelman https://www.patreon.com/WendySiegelman

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Wendy Siegelman

Wendy Siegelman

Freelance journalist, wendyusa@protonmail.com https://twitter.com/WendySiegelman https://www.patreon.com/WendySiegelman

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