Riese Organization

Company Activity past 24 months:

Seller company: 1 for $11.2 million

Borrower company: 1 for $0

Top Ten Associated Companies:

T30 Capital (2), Major Capital (1), Minamoto Kitchoan (1), Argent Ventures (1), Hiu Ian Cheng (1)

Top Ten Associated People:

Andrew Penson (1), Hiu Ian Cheng (1), Margaret Grossman (1)

Recent activity as company:

• Riese Organization sold 102 East 16 Street for $11.2 million to T30 Capital on October 21, 2024.

• T30 Capital on October 15, 2024 bought a loan with an original principal of $13.5 million from M&T Bank, signed by Jin Ko, secured by 102 East 16 Street, when owned by Riese Organization.

• Riese Organization sold 560 5 Avenue for $38 million to Major Capital on December 14, 2023.

• Riese Organization sold 1611 Broadway for $17.2 million to Argent Ventures on December 28, 2022.

• Riese Organization sold 47 Broadway for $12.2 million to Hiu Ian Cheng on March 23, 2022.

• Riese Organization sold 604 5 Avenue for $45 million to Minamoto Kitchoan on April 08, 2021.

Latest Stories:

• Note holder acquires Union Square dev site from Riese Org. in $11.2M transfer (October 25, 2024)

• Argent Ventures sells minority stake in Crowne Plaza hotel building in Times Square for $53.3M (August 16, 2024)

• Anonymous buyer pays $38M to Riese Organization for Fifth Avenue retail (December 19, 2023)

• Argent Ventures pays $17.2M to Riese for last portion of fee in bankrupt Times Square hotel it did not own (January 06, 2023)

• Argent, Vornado break Times Square hotel deadlock with bankruptcy plan, $419M in senior debt (December 29, 2022)

• Hiu Ian Cheng pays $12.2M to Riese Organization for mixed-use in FiDi (April 11, 2022)

• SL Green pays $121M to Friedland for portion of fee under Vornado’s Crowne Plaza Times Square (October 01, 2021)

• Minamoto Kitchoan pays $45M to Riese Organization for property in Plaza District (April 19, 2021)

• Argent borrows from H&R REIT to buy $195M note on Vornado Times Square hotel (January 15, 2021)