Lightstone Launches Tech-Related Real Estate Investment Platform

Total Page：16

File Type：pdf, Size：1020Kb

Lightstone Launches Tech-Related Real Estate Investment Platform https://thediwire.com/lightstone-launches-tech-related-real-estate-investment-platform/ April 11, 2019 Lightstone, a real estate investor, developer and sponsor of alternative direct investments, has launched a new platform to purchase telecommunications and technology real estate assets. With an initial allocation of $300 million, the platform will focus on acquiring existing but underutilized data centers and telecom infrastructure, existing technology-related real estate, and new development opportunities. “As the use of cloud-based data skyrockets and growth of cloud platforms like Amazon and Google continues, there is overwhelming need for large-scale data center facilities that can support these providers and services,” said David Lichtenstein, CEO of Lightstone. “We’ve launched the platform to capitalize on the opportunity to meet this demand.” Lightstone’s platform will focus on both primary and secondary markets, including potential expansion into European markets. The company’s investments will encompass underutilized data center facilities with anchor tenant sales and leasebacks from large enterprise companies, existing technology-related real estate that can support additional leases, and new development opportunities presented by the growth of tech giants and cloud providers. In January 2019, the platform closed on its first development site, acquiring 2175 Martin Avenue in Santa Clara, California. The site will be a three-story, 88,000 square foot data center and is expected to be delivered as soon as early 2021. Christopher Flynn was named president of Lightstone Data Fund and will manage the fund and its technology- based assets. Flynn has more than 20 years of experience in the data real estate sector and a record of building data centers for EdgeConnex in 35 global locations, the company said. In other company news, Lightstone recently partnered with wealth management consulting firm The PKS Group, to purchase and develop real estate projects located within designated opportunity zones, the first of which is a 203- key Marriott Moxy hotel in Williamsburg, Brooklyn. PKS is led by Peter Scaturro, the former CEO of U.S. Trust and partner at Goldman Sachs Private Wealth Management. Headquartered in New York City, Lightstone is a privately held real estate company that invests in residential, hospitality, commercial, and retail properties, and owns a $6 billion portfolio comprised of 178 properties. The firm also claims to have more than $3.5 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami. Click here to visit The DI Wire directory page..

Copy Link

Recommended publications

United States District Court Eastern District of New York
Case 1:13-cv-06147-PKC-JO Document 115 Filed 09/28/15 Page 1 of 68 PageID #: <pageID> UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK --------------------------------------------------------X CYNTHIA HILL, GAIL WILLIAMS, DENISE INMAN, VICKIE GORDON, ROLANDO LOPEZ, TAURA PATE, ELLEN ENNIS, and ANDREA HOLLY, individually and on behalf of all others similarly situated, Plaintiffs, MEMORANDUM & − against − ORDER 13 CV 6147 (PKC) (JO) THE CITY OF NEW YORK, MICHAEL R. BLOOMBERG, as Mayor of the City of New York, RAYMOND KELLY, as Police Commissioner, RICHARD F. NAPOLITANO, CHARLES P. DOWD, MICHAEL V. POLITO, LJUBOMIR BELUSIC, FRANCIS KELLY, DONALD CHURCH, DAVID LICHTENSTEIN, LOCAL 1549, DISTRICT COUNCIL 37, AFSCME, AFL-CIO, and JOHN and JANE Does 1−20 (said names being fictitious, the persons intended being those who aided and abetted the unlawful conduct of the named Defendant), Defendants. --------------------------------------------------------X PAMELA K. CHEN, United States District Judge: The named Plaintiffs and members of the proposed classes (“Plaintiffs”) are a group of minority individuals employed by Defendant New York City (the “City”) to answer and direct public calls to the City’s 911 emergency response system. (Dkt. 77 (“Am. Compl.”) ¶ 12.) Plaintiffs bring this action against the City; Michael Bloomberg as Mayor of the City and Raymond Kelly as New York Police Department (“NYPD”) Commissioner, both in their official Case 1:13-cv-06147-PKC-JO Document 115 Filed 09/28/15 Page 2 of 68 PageID #: <pageID> capacities1; and Richard F. Napolitano (“Napolitano”), Charles P. Dowd (“Dowd”), Michael V. Polito (“Polito”), Ljubomir Belusic (“Belusic”), Francis Kelly (“Kelly”), Donald Church (“Church”), and David Lichtenstein (“Lichtenstein”), all in their official and individual capacities (collectively, “City Defendants”), primarily asserting that the City Defendants discriminated against Plaintiffs on the basis of race, in violation of 42 U.S.C.
[Show full text]
THERE WILL BE FLOOD Councilman Warns of Storm Dangers to Gowanus Condo Plan by Natalie Musumeci Brad Lander (D–Gowanus)
LOOK FOR BREAKING NEWS EVERY WEEKDAY AT BROOKLYNPAPER.COM Yo u r Neighborhood — Yo u r News® BrooklynPaper.com • (718) 260–2500 • Brooklyn, NY • ©2012 Serving Brownstone Brooklyn and Williamsburg AWP/12 pages • Vol. 35, No. 47 • November 23–29, 2012 • FREE THERE WILL BE FLOOD Councilman warns of storm dangers to Gowanus condo plan By Natalie Musumeci Brad Lander (D–Gowanus). tial development at the site would The Brooklyn Paper “The Lightstone Group is fully put future tenants in danger. The development company committed to the development of “It would be a serious mistake Lightstone Group won’t let Hurri- its Gowanus Canal project in the for you to proceed as though noth- cane Sandy — or an angry coun- Carroll Gardens neighborhood ing had happened, without recon- cilman — stand in the way of its and will move forward to build sidering or altering your plans, plan to construct a massive hous- a high-quality, environmentally and putting over 1,000 new resi- ing complex on the banks of the sound residential complex,” the dents in harm’s way the next time Gowanus Canal. company said in a statement re- an event of this magnitude oc- The real estate firm is marching leased to The Brooklyn Paper. curs,” Lander wrote. ahead with its proposal to build a News that the project will ad- Lightstone Group spokesman controversial 700-unit development vance comes after Lander penned Ethan Geto said his company “vi- on Bond Street between Carroll an open letter to Lightstone Group File photo by Stefano Giovannini olently objects” to the suggestion and Second streets despite severe CEO David Lichtenstein last week The Lightstone Group isn’t backing down from its plan the development would put pro- flooding in the neighborhood and urging the company to drop its to build a 700-unit housing complex on the banks of the spective residents in jeopardy and the vocal opposition of Councilman plans — and claiming a residen- Gowanus Canal.
[Show full text]
Dorothy Lichtenstein (Dl)
THE MUSEUM OF MODERN ART ORAL HISTORY PROGRAM INTERVIEW WITH: DOROTHY LICHTENSTEIN (DL) NTERVIEWER: AGNES GUND (AG) LOCATION: NEW YORK, NEW YORK DATE: MAY 6, 1998 BEGIN MINICASSETTE MASTER TAPE 1, SIDE A AG: I'd like to thank you, first of all, for doing this. It's very nice of you. The first question that I'd like to ask you is, how did you and Roy meet, the first time? DL: The first time we met, I was working at a gallery, the Bianchini Gallery. That was around the corner from the Castelli Gallery at 4 East 77th Street. We were on 78th Street, and, in fact, that's the gallery that Rosa Esmond has now, Ubu Gallery [16 East 78th Street]. AG: Oh, is that her gallery? DL: Yes. We were doing a show called The Great American Supermarket, based on the fact that so much of the work in the early '60s imitated commercial products and ads, so we thought to set the exhibition up. AG: That's great. And this was a contemporary gallery? DL: Yes. When I started working there, Paul Bianchini owned it, and he did mostly drawing shows of modern masters, but, say, French and Europeans and mostly pre-war, but he would have had Dubuffet and Giacometti. AG: And he was a friend of Leo's [Castelli]. MoMA Archives Oral History: D. Lichtenstein page 1 of 29 DL: Well, he ran this gallery. He knew Leo, and of course it was very exciting. We thought Leo's gallery was the most exciting place.
[Show full text]
Hurricane Maria's Battering
The IndypendenT #229: nOVeMBeR 2017 • IndypendenT.ORG ARTS FUndInG FOR The ReST OF US, p4 AMAZOn STALKS The BIG AppLe, p6 FALL MUSIC, p20 ReSISTAnCe & ReSILIenCe In pUeRTO RICO Hurricane Maria COVeRAGe STARTS On pAGe 10 survivors inside their home. CAROLYN COLE/GETTY IMAGES WE REMEMBER. MARCH WE RESIST. ACROSS THE SANDY5TH ANNIVERSARY WE RISE. BROOKLYN SATURDAY OCTOBER 28TH 11AM CADMAN PLAZA, BROOKLYN BRIDGE 2 COMMUNITY CALENDAR The IndypendenT THE INDYPENDENT, INC. 388 Atlantic Avenue, 2nd Floor Brooklyn, NY 11217 212-904-1282 www.indypendent.org Twitter: @TheIndypendent facebook.com/TheIndypendent BOARD OF DIRECTORS: FRI OCT 20 retrospective of Ayón’s work FROM SYRIA Costumes are strongly encour- Ellen Davidson, Anna Gold, 6:30PM • FREE on view at El Museo del Barrio Appearing with journalist and aged. Alina Mogilyanskaya, Ann SCREENING: BLACK PANTHERS: (1230 5th Ave.) until Nov. 5. illustrator Molly Crabapple, DROM Schneider, John Tarleton VANGUARD OF THE REVOLUTION KING JUAN CARLOS I OF SPAIN Wendy Pearlman will discuss 85 Avenue A A ﬁ lm screening and discussion CENTER, AUDITORIUM her new book, which chronicles EDITOR-IN-CHIEF: on the riveting documentary 53 Washington Square South the war in Syria from its origins WED NOV 1 John Tarleton exploring the Black Panther to its present horror through 7:30PM • $30 Party, its signiﬁ cance for black TUE OCT 24 the words of ordinary people. BOOK LAUNCH: MATT TAIBBI ASSOCIATE EDITOR: people and to the broader 7PM–10 PM • FREE BLUESTOCKINGS BOOKSTORE PRESENTS I CAN’T BREATHE: A Peter Rugh American culture and the pain- FORUM: CLIMATE SOLUTIONS 172 Allen St.
[Show full text]
In This Issue
VOLUME 36 NUMBER 3 NUMBER 36 VOLUME Uniting the Schools of Thought World Organization and Public Education Corporation - National Association for the Advancement of Psychoanalysis STANDING IN THE SAME STREAM: ENVY & JEALOUSY CHALLENGES RIVALS IN AND OUT OF OUR ANALYTIC CIRCLES by Robert Marchesani After waking from a night- Heinz Hartmann and the hapless ego psychologists is main- mare, 25-year-old Leonardo tained at an impressive level.” Da Vinci is told: “You have a gift, Leo, a kind of genius, the The same was true between Anna Freud’s followers and those likes of which I’ve never seen; of Melanie Klein and other schools of rivaling thought about and because of that, people psychoanalysis and psychotherapy. “Freud, the father, doesn’t will always seek to destroy you. escape this either among those who disdain him for his patriar- Please, don’t aid them in their chal and scientistic inclinations, but also the idealized identifica- endeavor.” - Da Vinci’s Demons tions that he inspired,” Lichtenstein continued. “Fixed, absolute identifications and their fiction of wholeness and certainty are Edmund Leites and Symposium 2013 began with ultimately anathema to the vital play of desire. They turn it Martin Bergman David Lichtenstein’s keynote instead into its death form, which is envy.” presentation I Am Not What I Am (a line by Iago from “Othello”) from a qualifying Lacanian “In theater and in literature,” Lichtenstein analyzed, “envy and perspective. Co-founder, faculty member, and supervisor at jealousy are as often the subject of comedy as of tragedy. Après Coup Psychoanalytic Association, Lichtenstein set the This tragi-comic theme is the hatred among rivals.
[Show full text]
Financial Disclosure Report (OGE Form 278E)
Nominee Report | U.S. Office of Government Ethics; 5 C.F.R. part 2634 | Form Approved: OMB No. (3209-0001) (March 2014) Executive Branch Personnel Public Financial Disclosure Report (OGE Form 278e) Filer's Information Friedman, David M Ambassador to the State of Israel, Department of State Other Federal Government Positions Held During the Preceding 12 Months: None Names of Congressional Committees Considering Nomination: ● Committee on Foreign Relations Electronic Signature - I certify that the statements I have made in this form are true, complete and correct to the best of my knowledge. /s/ Friedman, David M [electronically signed on 01/07/2017 by Friedman, David M in Integrity.gov] Agency Ethics Official's Opinion - On the basis of information contained in this report, I conclude that the filer is in compliance with applicable laws and regulations (subject to any comments below). /s/ Huitema, David, Certifying Official [electronically signed on 02/03/2017 by Huitema, David in Integrity.gov] Other review conducted by U.S. Office of Government Ethics Certification /s/ Apol, David, Certifying Official [electronically signed on 02/04/2017 by Apol, David in Integrity.gov] 1. Filer's Positions Held Outside United States Government # ORGANIZATION NAME CITY, STATE ORGANIZATION POSITION HELD FROM TO TYPE 1 Kasowitz, Benson, Torres & Friedman LLP New York, New Law Firm Partner 6/1994 Present York 2 Karraben Opportunities, LLC New York, New Investment Managing 10/2013 Present York Limited Liability Member Company 3 American Friends of Bet El Yeshiva Center New York, New Charitable President 12/2011 Present York Organization 4 Karraben Wine LLC New York, New Investment Managing 8/2014 Present York Limited Liability Member Company 5 DMF Woodlane Associates LP New York, New Investment General Partner 12/2012 Present York Limited Partnership 6 American Friends of United Hatzalah New York, New Charitable Board Member 10/2009 Present York Organization 7 Family Trust New York, New Trust Trustee 1/1995 Present York 2.
[Show full text]
Complaint (113.94
1010061 UNITED STATES OF AMERICA BEFORE THE FEDERAL TRADE COMMISSION COMMISSIONERS: Jon Leibowitz, Chairman William E. Kovacic J. Thomas Rosch Edith Ramirez Julie Brill ) In the Matter of ) ) Docket No. C-4307 ) SIMON PROPERTY GROUP, INC., ) a Real Estate Investment Trust. ) ) ) COMPLAINT The Federal Trade Commission (“Commission”), having reason to believe that Respondent, Simon Property Group, Inc. (“Simon”), a real estate investment trust (“REIT”) subject to the jurisdiction of the Commission, has agreed to acquire Prime Outlets Acquisition Company LLC (“Prime”), a Delaware limited liability company subject to the jurisdiction of the Commission, in violation of Section 7 of the Clayton Act, as amended, 15 U.S.C. § 18, and Section 5 of the Federal Trade Commission Act, as amended, 15 U.S.C. § 45, and it appearing to the Commission that a proceeding in respect thereof would be in the public interest, hereby issues its Complaint, stating its charges as follows: I. RESPONDENT 1. Respondent is a REIT headquartered at 225 West Washington Street, Indianapolis, Indiana 46204. Simon is engaged in the business of developing and managing retail real estate. In particular, Simon develops and operates outlet centers under the Premium Outlets and Mills brands. 2. Respondent is a person subject to the jurisdiction of the Commission. 3. Respondent is, and at all times relevant herein has been, engaged in commerce, as “commerce” is defined in Section 1 of the Clayton Act, as amended, 15 U.S.C. § 12, and is a corporation whose business is in, or affects, commerce, as “commerce” is defined in Section 4 of the Federal Trade Commission Act, as amended, 15 U.S.C.
[Show full text]
MINUTES of a REGULAR MEETING of the BOARD of DIRECTORS of NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION August 12, 2020 a Regul
MINUTES OF A REGULAR MEETING OF THE BOARD OF DIRECTORS OF NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION August 12, 2020 A regular meeting of the Board of Directors of New York City Economic Development Corporation (“NYCEDC”) was held telephonically, pursuant to notice by an Assistant Secretary, on Wednesday, August 12, 2020. The following Directors of NYCEDC were present by conference telephone: Cheryl Adolph William Candelaria Wilton Cedeno Marlene Cintron Hector Cordero-Guzman Lorraine Cortes-Vazquez Mitchell Draizin Robert Englert William Floyd Matthew Hiltzik Tanya Levy-Odom David Lichtenstein Kapil Longani Pedram Mahdavi (as alternate for Vicki Been) James McSpiritt Melva Miller Patrick J. O’Sullivan, Jr. James Patchett Michael Schlein Charles Tebele Matthew Washington Timothy Wilkins Betty Woo Kathryn WyldeDRAFT Members of NYCEDC staff also were present. The meeting was called to order at 8:37 a.m. Meredith Jones, Executive Vice President, General Counsel and Secretary of NYCEDC, served as secretary of the duly constituted meeting, at which a quorum was present. (Attached hereto as Attachment 1 LDCMT-26-11577 is a definition sheet that contains the definitions of certain frequently used terms contained in the Exhibits attached hereto.) 1. Approval of the Minutes of the June 24, 2020 Regular Meeting of the Board of Directors There being no questions or comments with respect to the minutes of the June 24, 2020 regular meeting of the Board of Directors, as submitted, a motion was made to approve such minutes, as submitted. Such motion was seconded and unanimously approved. Mr. Cordero-Guzman joined the meeting during the below President’s Report.
[Show full text]
In the Matter of Simon Property Group, Inc., a Real Estate Investment Trust
1010061 UNITED STATES OF AMERICA BEFORE FEDERAL TRADE COMMISSION COMMISSIONERS: Jon Leibowitz, Chairman William E. Kovacic J. Thomas Rosch Edith Ramirez Julie Brill ) In the Matter of ) ) Simon Property Group, Inc., ) Docket No. C- a real estate investment trust. ) ) ________________________________________________) DECISION AND ORDER The Federal Trade Commission (“Commission”), having initiated an investigation of the proposed acquisition of Prime Outlets Acquisition Company LLC by Simon Property Group, Inc. (“Simon” or “Respondent”), and Respondent having been furnished with a copy of a draft of Complaint that the Bureau of Competition proposed to present to the Commission for its consideration, and which, if issued by the Commission, would charge Respondent with violations of Section 7 of the Clayton Act, as amended, 15 U.S.C. § 18, and Section 5 of the Federal Trade Commission Act, as amended, 15 U.S.C. § 45; and Respondent, its attorneys, and counsel for the Commission having thereafter executed an Agreement Containing Consent Orders (“Consent Agreement”), an admission by Respondent of all the jurisdictional facts set forth in the aforesaid draft of Complaint, a statement that the signing of said Consent Agreement is for settlement purposes only and does not constitute an admission by Respondent that the law has been violated as alleged in such Complaint, or that the facts as alleged in such Complaint, other than jurisdictional facts, are true, and waivers and other provisions as required by the Commission’s Rules; and The Commission
[Show full text]
For Immediate Release Lightstone Closes $73 Million Financing For
For Immediate Release Lightstone Closes $73 Million Financing for Moxy South Beach Canyon Partners Real Estate and CapitalSource, a Division of Pacific Western Bank, Provide Financing for the First Florida Location of Marriott’s Moxy Brand Miami Beach, FL – December 10, 2018 – National real estate investor and developer Lightstone today announced the close of $73 million in financing from Canyon Partners Real Estate LLC® (“Canyon”) and CapitalSource, a division of Pacific Western Bank, to develop the 7-story, 202-key Moxy South Beach. The financing package consisted of a $55 million senior loan from CapitalSource and an $18 million preferred equity investment from Canyon. This investment marks Canyon’s fifth investment with CapitalSource and second with Lightstone. The first Moxy-branded hotel in Florida, Moxy South Beach, will be located at 915 Washington Avenue, two blocks from the world-famous beach on Ocean Drive. The hotel will be steps away from South Beach’s trendy and iconic restaurants, nightlife and shopping on Washington and Collins Avenues, and Ocean Drive. Moxy is an urban lifestyle brand by Marriott featuring large, active public spaces and well-designed, efficient guest rooms, offering guests affordability without sacrificing style or comfort. “The Moxy brand is playful, vibrant and chic and aligns perfectly with the attitude of South Beach and the travelers it attracts,” said Lightstone’s President Mitchell Hochberg. “Canyon has extensive experience deploying capital in Florida and we’re happy to be working with them, in close collaboration with CapitalSource, to execute this transaction.” Moxy South Beach will span 78,000 gross square feet, and its lobby will feature an outdoor courtyard that threads together a series of spaces, including a restaurant; all-day bar; Cuban-themed bodega offering stylish beach accessories; and a co-working lounge which transitions into meeting studios.
[Show full text]
16-04-30 Lowenstein Lichtenstein
CorporateThe Metropolitan Counsel® www.metrocorpcounsel.com Volume 16, No. 4 © 2008 The Metropolitan Corporate Counsel, Inc. April 2008 Climate Change and the Environment – Law Firms Regulating Climate Change: A Summary Of Federal And State Action Michael David Lichtenstein The Domestic Landscape – State Action LOWENSTEIN SANDLER PC In the absence of federal legislation, states have moved to fill the vacuum of Climate change regulation is coming climate change regulation. State action “whether you would risk it or not.”1 What has been of two types – state legislation the International Policy Network called a and regional initiatives. A good example “myth” in November 2004,2 is now of state legislation is the New Jersey accepted fact in most corners of the sci- Global Warming Response Act.4 Signed entific community and the world.3 You into law on July 6, 2007, the Act estab- might ask why we need climate change lishes greenhouse gas emission reduction regulation in the United States. The short requirements in New Jersey to 1990 lev- answer is because the United States has els by 2020 and by 80 percent of 2006 committed to play a role in the world- levels by 2050. wide effort to reduce greenhouse gas The Act requires the New Jersey emissions. This article is a brief primer Department of Environmental Protection on what regulation you can expect now (NJDEP) to develop a New Jersey green- and in the near future. house gas inventory and an emission monitoring and reporting program. A The International Landscape Michael David Lichtenstein draft inventory was presented by the In December 2007, the Government NJDEP in February 2008 for public com- of Indonesia hosted the United Nations 5 the terms of an agreement on climate ment.
[Show full text]
Division Review No. 22 Summer 2020
DIVISION A QUARTERLY PSYCHOANALYTIC FORUM NO.22 SUMMER 2020 THE ANALYTIC FIELDS A People’s History | GAZTAMBIDE Deconstructing Normativity | DEAN | Van Haute & Westerink REMINISCENCE KALEY | GEDIMAN GENDRAULT | ZEAVIN | KRISTEVA | NADLER | GREENBERG DISEASE CECCOLI | POZNANSKY | BATISTA-THOMAS | STAFFORD | NOVIE DIS-EASE PADRÓN | SAKETOPOULOU | MOSS | CHAN MAC ADAMS | BARBARA BLOOM | JENNIFER BOLANDE | ELINOR CARUCCI VALERIE CONNOR | GINA DE NAIA | HANNA EL ALFI | ALLEN FRAME | RACHEL JACKSON PHOTOGRAPHY MONA KOWALSKA | MIKAEL LEVIN | SUSAN MACWILLIAM | TIM MAUL | LAUREL NAKADATE TIANA PETERSON | J. JOHN PRIOLA | JAMES SIENA | MICHAEL SMITH | STEEL STILLMAN BEAT STREULI | BROOKE TOMIELLO | GUS VAN SANT | JAMES WELLING Editor’s Note Loren DENT The present issue was borne of a desire to (helplessness) experienced by clinicians un- with resonances in Freud’s logic of after- capture the sentiments of particular moments der the lapping waves of the coronavirus. wardness and deferral (nachträglichkeit). It over the past ﬁve months. The process of pro- Contributors submitted responses from a echoes with the clinical question of how the curing, editing, and producing a collection of particular time and place, in the singular mo- urgency of a particular moment or event is responses made manifest the aporias familiar ment in which they drafted their reﬂections. sustained or not, given the frame of a treat- to psychoanalytic practice. Thus, writing, ed- And yet, to edit and publish necessarily in- ment with its presumed consistency, pre- iting, and publishing can echo the encounters volve an introduction of duration — often dictability, and duration across time. with unconscious processes in clinical work. several months – and suspension of what Then, on May 25th George Floyd was Initially, the issue aimed to seize felt incredibly urgent.
[Show full text]