Retail - Residential - Office - Hotel
Development & Financing.
Citigroup Center
1.65 million square foot Citigroup Center, a trophy office building located in midtown Manhattan.
the LVMH building
Located at the corner of Fifth Avenue and 57th Street
the former Studio 54 theater
And adjacent office tower
The legendary Brill Building
175,000 square foot landmark retail and office building located in Times Square
The Savoy Hotel
Iconic oceanfront hotel located on 5th Street and Ocean Drive in Miami Beach
ALLIED AVIATION
Allied Partners recently acquired a fleet of six Hawker 900XP aircrafts from Textron Aviation . The fleet of charter planes will be branded as part of our luxury concierge service and marketed to our database.

ALLIED PARTNERS is a privately held real estate investment,
development and asset management company

Eric Hadar
co-founder, Chairman and CEO

Hadar has led the company to its current prominence as one of the most highly regarded real estate investment firms in New York. 

To date, Allied has acquired more than 30 properties with a total market value in excess of $3 billion. Among Allied’s most notable acquisitions are the purchase of the 1.65 million square foot Citigroup Center, a trophy office building located in midtown Manhattan; the LVMH building located at the corner of Fifth Avenue and 57th Street; the former Studio 54 theater and adjacent office tower; the legendary Brill Building, a 175,000 square foot landmark retail and office building located in Times Square; a 350,000 square foot development site on West 40th Street directly overlooking Bryant Park and The Savoy Hotel, an oceanfront hotel located on 5th Street and Ocean Drive in Miami Beach. As an experienced developer, Allied completed the Woodbury Centre, a 230,000 square foot shopping center and hotel site next to Woodbury Commons in Woodbury, New York as well as the redevelopment of 285 Lafayette Street in Soho, a luxury condominium conversion in which Allied gut renovated and enlarged a 100-year old factory adding an additional 4 floors while the building remained occupied. Allied is an active lender, having funded over $300 million in real estate loans in recent years, specifically focusing on assets where the company holds a long-term ownership position.

With its recent acquisition of RoseTerra, coupled with its ownership of Brown Harris Stevens and Halstead Property, the combined companies now manage 430 of New York’s highest end residential condominium and coop buildings containing 40,000 residences. The occupants of these units represent the top 0.01% of income earners in the country. Our managed portfolio includes some of New York’s most valuable residential buildings such as 220 Central Park South (which recently closed on the highest priced home ever sold in the United States at $240M), 15 Central Park West, the San Remo, One Beacon Court, 56 Leonard (aka the Jenga Building), One Fifth Avenue, 740 Park and numerous other renowned coops and condos.

 

ALLIED PARTNERS
INVESTMENT PROPERTIES

To date, Allied Partners has acquired in excess of

30 properties

REAL ESTATE TRANSACTIONS

Citigroup Center

601 Lexington Ave., New York, NY

In partnership with Boston Properties, acquired this prestigious 1.65 million square foot office building in April 2001. One of the world’s most recognizable skyscrapers, this 59-story office tower and 7-story retail building represented a rare opportunity to acquire one of New York’s trophy properties. Allied sold its interest in Citigroup Center to Boston Properties at a substantial profit.

1 East 57th St LVMH BUILDING

1 East 57th St., New York, NY

This 15-story retail and office building occupies the northeast corner of 57th Street and Fifth Avenue, among the most valuable retail locations in the world. When Allied acquired the property, the first 11 floors were under long-term lease to Time Warner. Allied negotiated the buy-out of the Time Warner lease, vacated the upper floors, and subsequently sold the entire building to LVMH, the European luxury goods retailer at a then record price of over $2,400 per square foot.

THE SAVOY HOTEL

425 Ocean Drive, Miami Beach, FL

Located in the heart of South Beach, this 75 room art deco hotel occupies approximately 200 linear feet of prime oceanfront land between 4th and 5th Streets on Ocean Drive. The fee interest was acquired by Allied in 2011 following a four year process in which Allied acquired the mortgages from over 20 participant banks nationwide. Approvals are currently in place to three new oceanfront towers, a free standing restaurant along Ocean Drive, and an additional floor on each of the two existing 3-story buildings. Upon completion of this redevelopment, the hotel will contain approximately 240 hotel rooms, 10,000 square feet of restaurant space, meeting rooms and a full service spa.

400 Collins Avenue

400 Collins Ave., Miami Beach, FL

Acquired this 98,000 square foot development site located on the corner of Collins Avenue and 4th Street in 2011. Allied is currently  seeking approvals for a seven story mixed use building consisting of grade-level retail, a 150 car multi-level parking garage, and four residential units and duplexes.

54 West 40th Street

54 West 40th St., New York, NY

This 12-story office building, acquired in 2010, provides 50 linear feet of Bryant Park frontage and approximately 60,000 square feet of gross buildable area. Located directly adjacent to 50 West 40th Street (also owned by Allied with an additional 80 linear feet of frontage). Allied leased the entire building to WeWork for their temporary office space operation.

MIAMI IRONSIDE

7610 NE 4th Ct, Miami, FL

Allied provided financing for an innovative developer in the redevelopment of a once industrial multi-block area into a vibrant, multidisciplinary urban center comprised of 49 showrooms, studios, and co-working spaces for a diverse grouping of architects, interior designers, material and furniture designers, boutique retailers, creative services, and art galleries.

The Brill Building

1619 Broadway, New York, NY

The Brill Building at 1619 Broadway between 49th and 50th Streets is a 175,000 square foot mixed-use office and retail building known for being New York’s iconic center of songwriting and entertainment. Built in 1931, the 11-story landmark historic building is home to the  Songwriters Hall of Fame and a multitude of iconic songwriters and artists throughout the years, including superstars Neil Diamond and Paul Simon, Woody Allen, Liza Minnelli, Martin Scorsese and Lorne Michaels.

THE EMPIRE HOTEL

44 West 63rd Street, New York, NY

Allied  acquired  the  B-Note  secured  by  the  420  room  Empire  Hotel  across  from Lincoln Center while it was still in bankruptcy. Allied restructured the debt and sold its position at a substantial profit.

285 Lafayette Street

285 Lafayette St., New York, NY

100,000 square foot loft building in New York’s historic Soho district widely recognized as one of the most creative and successful projects of its kind. Allied purchased the mortgage from the FDIC in partnership with the ten existing residential artist tenants. Allied gut renovated the building and constructed 4 additional floors while the building remained occupied. A total of 31 condominium units were created with a new standard of luxury for downtown residential conversions. The project is completed and sold out, while apartment resales continue to achieve among the highest prices per square foot in the market today. The 30,000 square feet of retail space was leased to the New York Public Library and Polo Ralph Lauren.

770 Lexington Avenue

770 Lexington Ave., New York, NY

Allied, together with Brown Harris Stevens, acquired 770 Lexington Avenue, a 20-story office building located on the corner of 60th Street and Lexington Avenue. The property is now the headquarters of Terra Holdings, parent of Brown Harris Stevens and Halstead Property, and is undergoing extensive cosmetic and systems renovations to reposition the building into a premier retail and office property.

Studio 54 Office Building

254 54th St., New York, NY

When Allied acquired Studio 54, this former theatre was dilapidated and vacant. Allied gut rehabilitated the entire structure, creating a state-of-the-art Broadway theatre and a specialty office building targeting entertainment industry tenants. The building has been consistently 100% leased since its acquisition in 1994. The theatre was rented to the Roundabout Theatre Company, which subsequently purchased the theatre portion of the property from Allied.

50 West 40th Street

50 West 40th St. New York, NY

Located on the south side of Bryant Park between Fifth and Sixth Avenues, Allied acquired this site in 1999 as the anchor for a 300,000 square foot future development which includes substantial air rights. Preliminary plans include a 40-story block through tower with approximately 130 feet of frontage on Bryant Park. The existing building contains approximately 91,000 rentable square feet of office space which is currently 100% leased to the City University of New York.

ALTERNATIVE INVESTMENTS

Allied Aviation

Allied Partners recently acquired a fleet of six Hawker 900XP aircrafts from Textron Aviation . The fleet of charter planes will be branded as part of our luxury concierge service and marketed to our database.

Barbizon Hotel

140 E 63rd St, New York, NY

Building managed by RoseTerra, a luxury third party residential management company owned by Allied Partners. Built in 1927, the Barbizon/63 Condominium is a Pre-War Condominium Building on the Upper-East Side. It has 86 units across 23 stories.

252 Condominium

252 East 57 Street, New York, NY

Building managed by RoseTerra, a luxury third party residential management company owned by Allied Partners. 252 Condominium is a luxury mixed use modern residential skyscraper that was built in 2016, located in Sutton Place. Developed by the World Wide Group and Rose Associates, Inc., The 252 Condominium has 100 units and 65 stories.

200 east 79 Street

200 east 79 Street, New York, NY

Building managed by RoseTerra, a luxury third party residential management company owned by Allied Partners. The 19 story 200 East 79th Street Condo was built in 2011. The Condominium has 45 units.

56 Leonard Street

56 Leonard Street, New York, NY

Building managed by RoseTerra, a luxury third party residential management company owned by Allied Partners. Built in 2015, the 56 Leonard in Tribeca is a condominium with 145 units. Its many amenities include a fitness center, swimming pool, children’s playroom, screening room, and hydrotherapy pool.

170 East End Avenue

170 East End Ave. New York, NY

Building managed by RoseTerra, a luxury third party residential management company owned by Allied Partners. Built in 2008, the 170 East End Avenue condominium is 19 stories tall and contains 96 units.

ALLIED PARTNERS
MANAGEMENT

ALLIED PARTNERS MANAGEMENT

Allied Partners MANAGES

430

NEW YORK RESIDENTIAL CONDOMINIUM AND CO-OP

40,000

NEW YORK'S HIGHEST END RESIDENCES

With its recent acquisition of RoseTerra, coupled with its ownership of Brown Harris Stevens and Halstead Property, the combined companies now manage 430 of New York’s highest end residential condominium and coop buildings containing 40,000 residences. The occupants of these units represent the top 0.01% of income earners in the country. Our managed portfolio includes some of New York’s most valuable residential buildings such as 220 Central Park South (which recently closed on the highest priced home ever sold in the United States at $240M), 15 Central Park West, the San Remo, One Beacon Court, 56 Leonard (aka the Jenga Building), One Fifth Avenue, 740 Park and numerous other renowned coops and condos.

ALLIED PARTNERS EXECUTIVE TEAM

Renee Regensberg

Chief Financial Officer

Renee Regensberg rejoined Allied Partners in 2010. Previously she served as CFO for Sitt Asset Management, a family–owned real estate investment firm with a portfolio valued over $400M. Prior to her position at Sitt Asset, Renee was a CFO at Broadway Real Estate Services, the management arm of Broadway Partners, a real estate and management firm with asset acquisitions in excess of $15 billion.

She also previously served as Controller at Allied Partners and as Accounting Director at New Plan Excel Realty Trust, one of the nation’s largest publicly traded REITs. With over 20 years experience in real estate she has a wide knowledge and understanding of the industry. Renee holds a BA in Accounting and Information Systems from Queens College.

Howard Slavin

Chief Operating Officer

Howard rejoined Allied in January, 2016. For the previous 10 years he was the Director of Asset Management at L&L Holding Company overseeing a 6 million square foot portfolio of major New York City office buildings. Prior to joining L&L Howard served as COO for Allied Partners responsible for the profitability of a property and loan portfolio encompassing more than 20 properties and valued at more than $1.8 billion.

His almost three decade real estate career also includes a position at West World Holding, a real estate investment trust, where his responsibilities included acquisitions, asset management and property management. He holds a BS in Finance from Boston University and an MS in Real Estate Investment and Development from New York University.

Edward Donnelly

Director & SVP of Project Management Services

Edward F. Donnelly, Director & Senior Vice President of Project Management Services, manages the firm’s Project Management Department which performs third party owners representative, project management and development management services for both new developments as well as repositioning of existing multi-family buildings through unit and common area innovations. Edward provides advisory and executive management oversight on many of the firm’s complex projects. With nearly three decades in project management, construction monitoring, commercial and residential property management, building operations and business management, Edward is experienced with overseeing all phases of multi million-dollar construction projects for private sector clients. Edward oversees a team which manages projects including new construction, commercial fit outs, installation of new energy management systems and cogeneration plants, HVAC system installations, cooling tower installations and boiler conversions, as well as NYSERDA energy efficient ad renewable energy projects, upgrades to electrical and emergency power systems, installation of new elevators and facade safety programs related to Local Law 11 and amenity projects.

Michael J. Core

Senior Facilities Director

Michael joined Allied Partners in 2011 as their Senior Facilities Director. Michael has more than 25 years experience in real estate in both the public and private sectors, covering every aspect of the industry including new site selections and development, project funding, sales and leasing, and management.

He is responsible for the daily operations of all the buildings managed by Allied Partners. This includes working alongside the architects, engineers, and contractors to develop scopes of work, supervising the work being performed, and then processing and monitoring the payments to the contractors. Previously, he served as the Regional Property Manager for Wilshire Enterprises, a publicly traded REIT company with properties throughout the country. Michael holds a Bachelor’s degree in Business Administration from the University of Miami in Florida with a focus on International Finance and Real Estate Finance.

Bonnie Shapiro

Director of Commercial Leasing

Bonnie joined Allied Partners as a highly experienced real estate professional with over 15 years experience in commercial leasing. She is responsible for in-house leasing for Allied’s office buildings.

Currently, her major responsibility is the on-site leasing of 568 Broadway, a 300,000 square foot office and retail building in the highly valuable Soho district of Manhattan. Bonnie has successfully negotiated and signed in excess of 55 leases at 568 Broadway following Allied’s highly successful re-development and repositioning of the property. Her leasing efforts have helped Allied in concluding the successful repositioning of the property into Soho’s finest office/retail building. Bonnie graduated with a Bachelors Degree from the University of California at Los Angeles.

Loredana Longardo

Assistant Controller

Loredana Longardo is Assistant Controller and is responsible for the oversight of the daily corporate and bookkeeping activities of Allied.

She has worked in the field of public accounting for several years with work experience in all phases of accounting. Loredana is a graduate of Brooklyn College with a Bachelor’s degree in Business, Finance and Management.

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