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Dov Hertz On NYC Development and High-Stakes Deals

Family: Married, six kids
What were your biggest takeaways from putting together One57 and Central Park Tower? Every site that I worked on some of the more famous ones and some of the less there’s the same rule: Most assemblage work is off-market deals, and to be successful in closing off-market deals, the seller has to understand that you’re not trying to pull a fast one, that you’re trying to work a deal that is mutually beneficial.
If there’s a mistake I made somewhere, it’s that I overestimated my hand. And in those instances, I probably didn’t end up making the deal. ....

New York , United States , Long Island City , Sunset Park , Red Hook , Long Island , Borough Park , Michael Stern , Harry Macklowe , Jeff Bezos , Gronich Karr , Kevin Maloney , Gary Barnett , Armand Lasky , Andrew Chung , Dh Property Holdings , Extell Development , Vornado Realty , Dov Hertz , Studio Scrivo , Central Park Tower , Big Apple , Billionaire Row , Vornado Realty Trust , Park South , Central Park ,

NYC Investment Sales Slow Recovery Q4 2020

New York City’s investment sales market is showing some modest signs of recovery.
According to the latest quarterly report from i-sales brokerage Ariel Property Advisors, the total dollar volume in the fourth quarter was $4.7 billion, up 18 percent from the third quarter total. That was just about a half of the total volume during the same period last year, but the quarter-over-quarter jump is noteworthy, said Ariel’s president Shimon Shkury.
“We’re starting to see real evidence of improvement, not just in transaction volume, not just in pricing, but in general activity and fundamentals as well,” he said.
During the second and third quarters, Shkury said, investors were reluctant to make deals because of mounting uncertainty stemming from the pandemic. But almost a year into the health crisis, they have more data to work with and thus, can “get a lot more comfortable with investing,” as Shkury put it. ....

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Red Hook resident unveils plan for new model community on his doorstep

Alexandros Washburn, the former chief planner for the City
of New York who now leads Brooklyn-based design firm DRAW Brooklyn, has
unveiled a plan to build a mixed used housing and manufacturing development in
Red Hook.
Called the Model Block, the plan aims to transform a vacant warehouse at 145 Wolcott Street into a 210-unit apartment complex with 65,675 s/f of light manufacturing space and 74,325 s/f of commercial space including restaurant, shops, maker space and creative office space.
ALEXANDROS WASHBURN
Washburn has partnered with Washington D.C.-based development firm Four Points, LLC on the project. He also worked with architects Arquitectonica, AE Superlab and Marpillero Pollak Architects on the design, which he has already shown to hundreds of local residents and community groups as part of an ambitious outreach to secure support. ....

New York , United States , Red Hook Houses , Red Hook , City Of New York , Florence Neal , Tiffany Davis , Alexandros Washburn , Planning Commission , Red Hook Initiative , Community Board , Dh Property Holdings , A Plan For Community Regeneration , City Council , Brownfields Cleanup Program , Community Plan , Model Community , Model Block , Four Points , Marpillero Pollak Architects , Van Brunt Street , Hurricane Sandy , Community Regeneration , Lidgerwood Building , Valentino Pier , Thor Equities ,

Dov Hertz forms JV to build next distribution hub

Dov Hertz’s DH Property Holdings has acquired a 45-acre development
site at 1900 South Avenue on Staten Island’s western coast for a reported $65
million.
Cushman & Wakefield served as the exclusive advisor to
DH Property Holdings to set up a joint venture to developed the property as a warehouse/distribution
hub.
An Equity, Debt & Structured Finance team of John
Alascio, Sri Vankayala, Chuck Kohaut, TJ Sullivan and Emily Johansen arranged acquisition
financing, which was provided by CIM Group.
“The DH Property Holdings team did an outstanding job
bringing this unique site under contract to purchase off market, recognizing
its irreplaceable location in one of the most sought-after industrial markets ....

Neil Vanderbilt , Chuck Kohaut , Emily Johansen , Cushman Wakefield , Dh Property Holdings , Dov Hertz Dh Property Holdings , Dov Hertz , Staten Island , Structured Finance , John Alascio , Sri Vankayala , New York Metropolitan , நீல் வாண்டர்பில்ட் , எமிலி ஜோஹன்சன் , குஷ்மேன் வேக்ஃபீல்ட் , த ப்ராபர்டீ ஹோல்டிங்ஸ் , தோவ் ஹெர்ட்ஸ் த ப்ராபர்டீ ஹோல்டிங்ஸ் , தோவ் ஹெர்ட்ஸ் , ஸ்ட்யாடந் தீவு , கட்டமைக்கப்பட்ட நிதி , புதியது யார்க் பெருநகர ,

Dov Hertz forms JV to built next distribution hub

Dov Hertz forms JV to built next distribution hub
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