New York City Real Estate News

Savanna And Beyond



Commercial Observer

Savanna Buys NoMad Building for $126M, Fifth Time Property Changes Hands Since 2006

07/14/17 - Real estate investment manager and developer Savanna has closed on the purchase of a 12-story office building at 31 West 27th Street from Westbrook Partners. Savanna plans to renovate the lobby, building systems, façade and roof among other parts of the building. It will also update the retail storefront.

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The New York Times

Preparing for the Future Using Lessons From Hurricane Sandy

04/04/17 - Ground floor is not quite the term for it. At a new gallery, classroom and office building under construction in the West Chelsea neighborhood of Manhattan, the main floor is more than four feet above the ground. This is no mere design conceit. Elevated floors are an imperative in flood-prone areas like the site of the new building on West 26th Street, only 400 yards from the Hudson River. “We learned a lot firsthand during Superstorm Sandy,” said Peter Rosenthal, a principal at Savanna and its director of development.

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The Real Deal

Manhattan Leasing Up 40% So Far This Year

03/06/17 - The Manhattan office market’s hot start to 2017 continued into February, as a strong month of leasing pushed activity nearly 40 percent higher year-over-year.

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New York Real Estate Journal

Savanna Tops Out 540 West 26th Street

02/23/17 - Savanna, a New York City-based, vertically-integrated real estate investment manager, owner/operator and developer, along with its JV partner, the Silvermintz family, and general contractor Triton Construction, celebrated the topping out of 540 West 26th Street on Wednesday, January 25th.

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The Real Deal

Queens Takes the Throne

02/01/17 - Deals in Queens have gotten much bigger: the number of transactions over $20 million grew from five in 2011 to 42 in 2016, according to Ariel Property Advisors. Topping the list on last year’s largest sales was Savanna’s $257.5 million purchase in December of the Falchi Building, a 658,000-square-foot office building in Long Island City. The private equity and asset management firm, which is planning on pumping $35 million in infrastructure upgrades, is no stranger to Queens.

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The Commercial Observer

The Plan: Inside the Transformation of The Bruckner Building in the Bronx

01/12/17 - When developers Savanna and Hornig Capital Partners first looked at The Bruckner Building at 2417 Third Avenue in the Mott Haven section of the Bronx a few years ago, they saw a crumbling manufacturing building. Following a $12 million renovation project that started in summer 2015 and ended in fall 2016, the building now features modern office space. It has a brand new roof and electrical infrastructure, new windows, new passenger elevators with wooden siding and a fresh exterior.

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