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Bhatia Development

aibmgmtcorp.com/Home/About

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Top Ten Associated Companies:

Anbau, Inc. (1), The New School (1)

Top Ten Associated People:

Alexander H. Glascock (1), Tokumbo Shobowale (1)

Recent activity as company:

• Arun Bhatia Development Organization and Bhatia Development sold 10 West 17 Street for $15.5 million to Anbau, Inc. on December 16, 2022.

• Bhatia Development and Sherwood Equities sold 326 East 15 Street for $124.5 million to The New School on March 31, 2022.

Latest Stories:

• Prosper Property signs $50M construction loan with Northwind for condo project in Flatiron District (April 20, 2026)

• Prosper Property Group pays $16.2M to Anbau for dev site in Flatiron District (August 04, 2025)

• Anbau affiliate buys $10M note secured by its own 23-unit dev site in Flatiron District (July 01, 2025)

• Anbau, Inc. pays $15.5M to Arun Bhatia for development in Flatiron District (December 27, 2022)

• New School buys previously leased Gramercy dorm for $124.5M from Bhatia, Sherwood (April 05, 2022)

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