KPG Plans to Acquire Over $1B of NYC Office, Retail Real Estate

KPG, which specializes in value-add acquisitions and development, believes the New York market will recover.

New York office developer KPG Funds plans to acquire over $1 billion in New York City office and retail assets. KPG, which specializes in value-add acquisitions and development, believes the New York market will recover.

 

 


KPG Funds Buys Leased Tribeca Retail Condo for $12M

KPG Funds has closed on the purchase of a fully occupied, 3,086-square-foot retail condo in TriBeCa at 102 Chambers Street for $12 million, Commercial Observer has learned.

The ground-floor unit is leased to Spectrum, which is a wholly owned subsidiary of Charter Communications. The company recently signed a 10-year lease, with an option to renew.


One NYC Office Landlord Prepares to Support Tenants Amid Delinquent Rent Payments

NEW YORK CITY- Landlords are closely tracking their rent losses in the current volatile market environment. Many will have to endure “short term pain, for long term gain” to help tenants out financially — whether that means delayed rent, free rent or rental adjustments, Greg Kraut, CEO and co-founder of KPG Funds, tells GlobeSt.com.


Will the NYC Office Market come through this? KPG Funds is putting their money where their mouth is...

Manhattan office developer KPG Funds is trying to put its money where its mouth is. The owner and operator, formerly known as K Property Group, is raising a $200 million fund, according to paperwork filed March 31 with the Securities and Exchange Commission. The minimum investment for outside investors is $5 million.

KPG CEO Greg Kraut said the fund had been in the works before the pandemic but the firm decided to press on. “We’re New Yorkers through and through and we’ve all been through a lot,” he said, “and we just have a lot of confidence in New York coming out of this.”


KPG Funds Launches Sustainability Initiatives Sponsoring Climate Solutions Workshops in NYC Communities

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


KPG Funds nabs top portfolio manager to bolster investment team

KPG Funds hires Gabriel Sasson as Managing Director, Portfolio Management and Fund Operations. Sasson to provide institutional portfolio management and fund operations to KPG.


A NYC First! You wont believe what the next big thing is at KPG Funds

NYC’s first life-sized building rendering scaffolding net being debuted at 446 Broadway :'Atelier in Soho

New “Safe and Sexy” Office Building Wrap Enhances Pedestrian and Community Experience During Renovation of Architecturally Significant, Historic Building


The Nine Most Resilient US Office Markets

We take a look at nine markets that look like good investment bets at this point in the cycle.

“This has been a long, slow cycle, driven by tech to a large degree, but the office sector did not overbuild.”

Based on insight supplied by Barkham, as well as Alan Pontius, senior vice president/national director with Marcus & Millichap, and Greg Kraut, managing partner with KPG Funds, a real estate private equity platform, NREI has selected the following office markets as the most likely to show resilience in the event of a recession or a downturn.


KPG Funds Wraps Up First NYC Office Value-Add Fund, Targets $1 Billion of AUM in the next 2 years

The NYC-based fund manager and operator has already acquired 3 office buildings and targets special situations in middle market office properties in New York City (NYC)

KPG is a highly targeted regional specialist whose founders have a 35-year track record investing in NYC and an operational platform and team with granular local market expertise. Fund 1 has been consistent with value-add returns.


Menswear Designer Rick Owens Doubling Soho Offices

Famed menswear designer Rick Owens inked a deal to double its Soho headquarters, Commercial Observer has learned.

The fashion designer signed a more than five-year lease for the entire 7,500-square-foot third floor of 2 Crosby Street between Howard and Grand Streets, according to owners K Property Group (KPG) and Intercontinental Real Estate Corporation. Asking rents in the property range from $95 to $125 per square feet.

“Everything we’ve planned for the building is in line with the look and feel of the neighborhood,” Gregory Kraut, a managing partner at KPG, said in a statement. “We have something special planned for the office interiors, which will be transformed into high-end, bespoke prebuilt suites that are a cut above even the poshest standards of the location.”