KPG Funds Awarded $50 Million Office Construction Loan

KPG Funds has today announced that it closed on a $50 million construction loan for 40 Crosby, a 70,000-square-foot 5-story SoHo office building owned by KPG Funds to be repositioned as a boutique luxury office building - "The Crosby" - atop prime retail space with Broadway frontage.

KPG Funds CEO Gregory Kraut Appointed to Soho Neighborhood Improvement District

Gregory Kraut, co-founder and CEO of KPG Funds, a Soho-based commercial real estate investment firm has been appointed to the Board of Broadway Soho, a neighborhood improvement district dedicated to improving the vibrant downtown neighborhood from Broadway to Canal Street.

Kraut joins other board members that include Class A property owners, commercial tenants, residential tenants and government representatives including Mayor Eric Adams and Manhattan Borough President Mark Levine.

446 Broadway, "L'Atelier" awarded "Best Office Development" by CPE Influence Awards 2022.

KPG Funds' 446 Broadway, "L'Atelier" office building was awarded "Best Office Development" by Commercial Property Executive's CPE Influence Awards 2022.

Gold, Silver, and Bronze accolades were awarded to top developments, investments, business strategies and people in 11 different categories.

"We are honored to accept this award and the confirmation that what KPG Funds created was a very special office building that stands out as an example of what today's offices need to look like to attract tenants," said Greg Kraut, co-founder and CEO at KPG Funds.

Crane's New York Business Notable Leaders

At KPG Funds, a fully integrated real estate investment platform, co-founder and chief executive officer Gregory Kraut oversees the company’s asset management, leasing, development and design while he maintains and develops new client and capital partner relationships.

Rumi Headed to L'Atelier 446 Broadway

Retailer Rumi has its sights — and aesthetically pleasing toys — set on Manhattan. Rumi — known for cutesy toys, home goods, stationery and beauty products — inked a deal for its first store in Manhattan in 2,950 square feet at 446 Broadway, Commercial Observer has learned.

Midtown South leads Manhattan’s office market recovery: report

Is Manhattan’s office market recovering? Depends where you look.

Its comeback in the months ahead will vary widely from one submarket to the next, according to an analysis by KPG Fund and Newmark.

KPG Funds Announces Funding for Climate Solutions Workshops in NYC Communities

KPG is Leading the Way in Sustainable and Environmental Stewardship by Continuing to Fund Climate Solutions Workshops and Initiatives for NYC community gardens, neighborhood, and the waterfront

Danish IT Company The Org Inks 7K Lease at 446 Broadway

Denmark-based information technology company The Org is tripling its Manhattan office footprint by moving just two blocks south to KPG Funds’ 446 Broadway, Commercial Observer has learned.

KPG signs long-term ground lease for 57K sf at 132 West 14th Street

A Salvation Army building in Greenwich Village will be redeveloped into contemporary offices by KPG Funds.

CoStar News: In New York’s Battered Office Market, KPG Bets on Boutique Conversions

At L’Atelier at 446 Broadway in New York’s SoHo neighborhood, prospective tenants can enter the five-story building with their smartphones once they're several feet from the door. Upon entering, the newly built elevator automatically opens to take them to the floors they set up via an app, with no need to touch a button.