Real Estate-Investment-Development-Management
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.

I am reaching out in my position as Board Chair and as Co-Chair of the Gala Committee for the 2019 Where Good Lives Gala which will take place on October, 16 2019 at Tribeca Rooftop — please mark your calendars if you haven’t already. This year, as we announced at the recent Board Meeting, we have a new VP of Development, Jill Poklemba, and the Development team has hired a new event consultant named CMI, which is going to help each of you with outreach to your networks. They are working on a very pro-active fundraising strategy and will really need your help to ensure the success of this year’s Gala — our goal is to raise $500,000! Click here to learn more. — Eric Hadar

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

Eric Hadar
co-founder, Chairman and CEO

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

568 Broadway

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.

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.  Approvals are currently in place to build 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

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

New York, NY

The building was acquired in 2010 and directly overlooks Bryant Park.  After gut renovating and repositioning the building,  Allied leased the entire property to WeWork in 2012 which was among their first locations. This building continues to be one of the most valuable in their global portfolio.

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

New York, NY

This 100,000 square foot loft building in New York’s historic Soho district is 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. 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

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

New York, NY

Allied acquired this iconic building directly overlooking Bryant Park. Vacant at the time, Allied gut renovated it and repositioned it for use as a school. CUNY leased the building for the launch of Guttman College which has proven hugely successful and has recently extended their lease.

ALTERNATIVE INVESTMENTS

252 Condominium

252 East 57 Street, New York, NY

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

Allied Aviation

Allied Partners recently acquired one hundred percent ownership of seven Hawker 900XP aircrafts. The fleet of luxury charter planes are operated and managed in partnership with Talon Air.  The fleet will be branded as part of our luxury concierge service.

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.

200 e 79th 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.

Barbizon Hotel

140 E 63rd St, New York, NY

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

170 East End Avenue

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 RESIDENTIAL MANAGEMENT

Allied Partners MANAGES

430

MANHATTAN'S MOST DESIREABLE PROPERTIES

40,000

MANHATTAN'S MOST EXCLUSIVE 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 originally joined Allied Partners in 2002 as a Controller. She rejoined Allied in 2010 after serving as CFO at Broadway Real estate Services, the management arm of Broadway Partners, a real estate and management firm with assets in excess of $15 billion, and later as CFO for  Sitt Asset Management,  a family owned real estate investment firm with a portfolio valued at over $400M.

She also previously served as Accounting Director at New Plan 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. He originally joined Allied in 1997.

His 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 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 overseeing all phases of multi million-dollar construction projects for private sector clients. He leads his team through a multitude of 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 and is a nineteen year veteran of Allied Partners.

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.

Michael Paranac

Director, Acquisitions & Development

Michael joined Allied in 2017 after nearly seven years at Morgan Stanley, where he held several roles in the Fixed Income and Institutional Equity divisions. He left temporarily to get his MBA from Columbia Business School before returning to join Allied’s Acquisitions & Development group, where he is responsible for analyzing potential transactions and managing development projects. 

In his free time, Michael serves on the Associate Board of the Women’s Housing & Economic Development Corporation (WHEDco). He holds a BA in History from Columbia College.

David Okin

Associate, Acquisitions & Development

David joined Allied Partners in 2019 as an Associate in the Acquisitions & Development group.  He comes from a diverse background in real estate having worked on acquisitions and financing in his previous role at Imperium Capital.  Before that, David worked at JLL as a leasing broker representing both tenants and landlords and has worked on single family home developments in Westchester and Connecticut.

He is currently responsible for all facets of current projects from acquisition through completion.  On top of his work at Allied Partners, David is an active member of the Jewish community serving in leadership roles at UJA and Stand With Us. He holds a BA from Syracuse University. 

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