Riese Organization

Company Activity past 24 months:

Seller company: 2 for $49.2 million

Borrower company: 1 for $0

Top Ten Associated Companies:

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

Top Ten Associated People:

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

Recent activity as company:

Riese Organization sold 34 Union Square, Gramercy, Manhattan for $11.2 million to T30 Capital on October 24, 2024.

Riese Organization borrowed $0 from T30 Capital for 34 Union Square, Gramercy, Manhattan on October 24, 2024.

Riese Organization sold 560 5th Avenue, Midtown West, Manhattan for $38 million to Major Capital on December 18, 2023.

Riese Organization sold 1601 Broadway, Midtown West, Manhattan for $17.2 million to Argent Ventures on January 06, 2023.

Riese Organization sold 47 Broadway, Financial District, Manhattan for $12.2 million to Hiu Ian Cheng on April 08, 2022.

Riese Organization sold 604 5th Avenue, Plaza District, Manhattan for $45 million to Minamoto Kitchoan on April 16, 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)

Properties:

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