Yucaipa Companies

Yucaipa Companies NYC portfolio

$354.2 million* – office 43%, mixed-use 30%, hotel 21%; Manhattan 100%

504th largest portfolio by dollar value

313,873 sqft – office 57%, hotel 35%, retail 3%;

899th largest by SF

4 properties – Manhattan 100%

1745th largest

6 residential units – Manhattan 100%

4958th largest by residential units

Top Ten Associated Companies:

Princeton Holdings (1), Ohana Real Estate Investors (1), Yucaipa Companies (1), Clarion Partners (1), Queensgate Investments (1), iBorrow (1), Prospect Ridge (1)

Top Ten Associated People:

Joseph Tabak (1), George Christopher Smith (1), Robert P. Bermingham (1), Katie Vaz (1), Adam Brooks (1)

Recent activity as company:

Clarion Partners sold 86 Trinity Place, Financial District, Manhattan for $155 million to Yucaipa Companies on October 18, 2021.

Yucaipa Companies borrowed $97.1 million from iBorrow for 86 Trinity Place, Financial District, Manhattan on October 18, 2021.

Yucaipa Companies sold 1164 Broadway, Nomad, Manhattan for $130 million to Yucaipa Companies on July 23, 2021.

Yucaipa Companies borrowed $80 million from Prospect Ridge for 10 West 28th Street and 1164 Broadway, Nomad, Manhattan on July 23, 2021.

Yucaipa Companies borrowed $105 million from Ohana Real Estate Investors for NoMad Hotel at 10 West 28th Street and 1170 Broadway, Nomad, Manhattan on October 19, 2020.

Princeton Holdings sold 137 Ludlow Street, Lower East Side, Manhattan for $15.3 million to Yucaipa Companies on March 12, 2020.

Yucaipa Companies sold 135 East 23rd Street, Flatiron, Manhattan for $173.9 million to Queensgate Investments on October 11, 2019.

Latest Stories:

• Queensgate Investments signs $147.2M loan modification with servicer Trimont for Freehand hotel in Kips Bay (November 15, 2023)

• Trimont records two-year-old $147M note purchase secured by Freehand hotel in Kips Bay (November 02, 2023)

• Safehold pays $77.5M to Haddad Brands for fee under Yucaipa’s NoMad hotel (October 28, 2021)

• Yucaipa Companies, Sydell Group sign $80M refi loan with Prospect Ridge for NoMad hotel (August 09, 2021)

• Yucaipa, Sydell refi $105M at NoMad Hotel from new lenders Ohana, Ellington (December 04, 2020)

• Ronald Burkle’s Yucaipa Companies pays $15M to Princeton Holdings for LES retail (March 17, 2020)

• London-based Queensgate Investments borrows $147M from Column Financial for Freehand New York (October 23, 2019)

• Queensgate Investments pays $174M to Ronald Burkle’s Yucaipa Companies and the Sydell Group for Freehand hotel (October 22, 2019)

• Joseph Tabak’s Princeton Holdings borrows $8M from Sterling National Bank for property in Lower East Side (October 16, 2019)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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