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.

by jeff

KPG Announces the “Maskless Return to Work Experience” at 446 Broadway

Real estate investment firm KPG Funds today announced the launch of “Maskless Return” at 446 Broadway - L'Atelier, their newly renovated commercial office and boutique retail development in the heart of SOHO.

by jeff

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.

 

 

by jeff

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.

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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.

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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.”

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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

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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.

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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

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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.

by admin