ASB Capital Management
(ASB Investment Management, ASB Real Estate Investments)
7501 Wisconsin Ave, Bethesda, MD 20814
People:
Company Activity past 24 months:
Seller company: 9 for $318.7 million
Top Ten Associated Companies:
Blackstone Group (4), ShopCore Properties (4), O’Connor Capital Partners (1), Weybourne Holdings (1), Torkian Group (1), Jackson Group (1), BX Capital (1), KSR Capital (1), Shulsky Properties (1), Thornton Capital (1)
Top Ten Associated People:
Adam Leslie (4), Mary H. Lang (1), Hersel Torkian (1), Gabriel Chehebar (1), Morris Sabbagh (1), Michael Shamah (1), Larry Ellenberg (1), Matthew A. Thornton (1), Domenic Lanni (1), Joshua Mandelberger (1)
Recent activity as company:
• ASB Capital Management and George Comfort & Sons sold None for $40.5 million to Joshua Mandelberger, Diane Carone, Keith Kantrowitz and Patriot Real Estate Holdings on March 24, 2026.
• ASB Real Estate Investments sold 625 Broadway for $41.5 million to Jackson Group, BX Capital and KSR Capital on September 17, 2025.
• ASB Capital Management and Centurion Realty sold 40 Mercer Street, 40 Mercer Street, 40 Mercer Street, 40 Mercer Street, and 40 Mercer Street, SoHo, Manhattan for $17.2 million to Blackstone Group and ShopCore Properties on November 19, 2024.
• ASB Capital Management and L3 Capital sold 76 Greene Street for $90 million to Blackstone Group and ShopCore Properties on November 19, 2024.
• ASB Capital Management and L3 Capital sold 61 Crosby Street for $54.5 million to Blackstone Group and ShopCore Properties on November 19, 2024.
• ASB Capital Management and Centurion Realty sold 415 West Broadway for $35.3 million to Blackstone Group and ShopCore Properties on November 19, 2024.
• ASB Capital Management sold 9 West 18 Street for $22.8 million to Tarsat Prop LLC on September 30, 2024.
• ASB Capital Management sold 862 Broadway for $12 million to Shulsky Properties on August 13, 2024.
• Thor Equities and ASB Capital Management sold 120 Greenwich Street, 120 Greenwich Street, and 120 Greenwich Street, Financial District, Manhattan for $5 million to Torkian Group on July 16, 2024.
• Thor Equities and ASB Real Estate Investments sold 157 Mercer Street for $60 million to Weybourne Holdings on March 15, 2023.
Latest Stories:
• ASB, George Comfort sell Chinatown office, retail for $40.5M (March 30, 2026)
• Vertex Properties pays $53M to Blackstone Group for office in SoHo (January 14, 2026)
• Jackson Group, BX Capital, KSR Capital pay $41.5M for office in NoHo (September 23, 2025)
• Blackstone pays $197M to ASB Capital for four SoHo retail locations (November 26, 2024)
• ASB Capital sells office in Flatiron District for $22.8M, paid $43.8M in 2015 (October 03, 2024)
• Thor, ASB Capital sell FiDi retail for $4.95M to Torkian Group, bought for $31M (July 23, 2024)
• Thor, ASB sell 155 Mercer to James Dyson for $60M (March 17, 2023)
• L3 Capital pays $20M to ASB Capital for retail in Williamsburg (March 10, 2022)
