Riese Organization
Riese Organization NYC portfolio
$18 million* – retail 100%; Manhattan 100%
3289th largest portfolio by dollar value
6,500 sqft – retail 100%;
6086th largest by SF
Company Activity past 24 months:
Seller company: 2 for $49.2 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 34 Union Square, Gramercy, Manhattan for $11.2 million to T30 Capital on October 21, 2024.
• Riese Organization borrowed $0 from T30 Capital for 34 Union Square, Gramercy, Manhattan on October 15, 2024.
• Riese Organization sold 560 5th Avenue, Midtown West, Manhattan for $38 million to Major Capital on December 14, 2023.
• Riese Organization sold 1601 Broadway, Midtown West, Manhattan for $17.2 million to Argent Ventures on December 28, 2022.
• Riese Organization sold 47 Broadway, Financial District, Manhattan for $12.2 million to Hiu Ian Cheng on March 23, 2022.
• Riese Organization sold 604 5th Avenue, Plaza District, Manhattan 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)
• Anonymous buyer pays $38M to Riese Organization for Fifth Avenue retail (December 19, 2023)
• Hiu Ian Cheng pays $12.2M to Riese Organization for mixed-use in FiDi (April 11, 2022)
• 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: