Lightstone, based in Lakewood, owns and manages an 8.7-million-square-foot portfolio that -- until recently -- mainly comprised nonretail properties.
When Lehman sold its 78.5 percent ownership interest to Goldman Sachs in October 2011, the three-million-square-foot portfolio was valued at more than $1.25 billion.
His father hired, and notably kept on budget, architects like Cesar Pelli, I. M. Pei and Philip Johnson to build the eye-catching properties that make up the company's 190 million-square-foot portfolio.
On Thursday morning, a Manhattan framing consultant named William H. Bailey left the precious 3-foot-by-4-foot portfolio leaning against a subway column and forgot it as he boarded a downtown No. 1 train at 79th Street.
Normandy Real Estate Partners, a private equity firm in Morristown, N.J., another suburban landlord, recently assumed full management responsibilities for 14 buildings in four office parks along Westchester Avenue — a 1.6-million-square-foot portfolio it calls the Exchange.
And in 2004, Ivy Equities, a private equity investment firm based in Montvale, N.J., purchased a 400,000-square-foot portfolio of Long Island buildings owned by Heatherwood Communities for $42 million, Mr. Nelson said.
The sale of the Long Island properties and the purchase of 1185 Avenue of the Americas have greatly increased the importance of the Manhattan market, which Reckson entered when it bought the Tower Realty Trust's 2.3-million-square-foot portfolio in 1998, to the company's income.
Its main challenge in taking down the 8.1 million-square-foot portfolio: financing.
Today firm's 8-million-square-foot portfolio home to Microsoft, Apple Computer, NEC, Fujitsu.
Rob Fuelling, a La Cañada resident who manages leasing responsibilities for the company's 25-million-square-foot portfolio, urged council members to let the ban lapse.
The 600,000-square-foot Swedish portfolio, which includes two coffee shops operated by Starbucks, the hometown brand, has attracted 16 offers.
