Albert Picallo
(Al Picallo)
Managing Director
Blackstone Group
(Blackstone Mortgage Trust, Perform Properties, EQ Office, Retail Opportunity Investments, ShopCore Properties, Revantage)
Lender
345 Park Avenue New York, NY 10154
1314 7th St Suite 500 Santa Monica, CA 90401
Blackstone Group NYC portfolio
$9.4 billion -elevator 54%, office 14%, condo 12%; Manhattan 82%, Queens 13%, Brooklyn 2%*
13th largest portfolio by dollar value
19,488,096 sqft – elevator 77%, office 10%, condo 5%; Manhattan 86%, Queens 9%, Brooklyn 2%
16th largest by SF
52 properties – Manhattan 64%, Brooklyn 13%, Queens 10%
167th largest
15,070 residential units – Manhattan 90%, Queens 8%
10th largest by residential units
104 foreclosures, 1 bankruptcy, 17 other court cases.
Person Activity past 24 months:
Buyer signatory: 1 for $8.6 million
Top Ten Associated Companies:
Top Ten Associated People:
Jeff Sutton (1)
Recent activity as signatory:
• Peter Tal borrowed $9.2 million from Visions Federal Credit Union for 150-70 71 Avenue on July 28, 2026.
• Gora Group borrowed $11.2 million from 3650 Capital for 190 Montague Street on June 10, 2026.
• Jenel Real Estate borrowed $10 million from Peapack Private Bank & Trust for None on June 09, 2026.
• Jenel Real Estate borrowed $10 million from Peapack Private Bank & Trust for None on June 09, 2026.
• United American Land borrowed $7.2 million from Metropolitan Commercial Bank for 325 Canal Street on April 29, 2026.
• Jonis Realty borrowed $4.6 million from W Financial for 199 Bowery, Lower East Side, Manhattan on April 24, 2026.
• Falcon Properties borrowed $22.1 million from Elysian Lending for 149 West 35 Street on April 14, 2026.
• Falcon Properties borrowed $26.9 million from Elysian Lending for 1028 Avenue Of The Americas on April 14, 2026.
• Lazar Muller borrowed $5 million from JPMorgan Chase for 387 Canal Place on March 10, 2026.
• Liberty One Group borrowed $20 million from Customers Bank for 605 Sackett Street on March 06, 2026.
• AbeCo Organization and Patricia G. Lampl borrowed $37 million from Morgan Stanley for 749 Broadway on March 02, 2026.
• Ronald Menashe, Elliot Menashe and Isaac Franco borrowed $6.3 million from Aaron Schwartz for None on February 12, 2026.
• Ludovik Benedek borrowed $7.9 million from Bank of Montreal for 822 Flatbush Avenue and 822 Flatbush Avenue, Flatbush, Brooklyn on January 26, 2026.
• Time Equities borrowed $6.6 million from Lafayette Federal Credit Union for 2280 Broadway, Upper West Side, Manhattan on January 21, 2026.
• CityView Commercial borrowed $11.9 million from CityView Commercial for None on January 12, 2026.
• Barings on January 09, 2026 bought a loan with an original principal of $9 million from Blackstone Group, signed by Albert Picallo, secured by 104-25 195 Street, when owned by Alma Realty Group.
• GHP Office Realty borrowed $6.2 million from Peapack Private Bank & Trust for 701 East 232 Street on December 29, 2025.
• BX Capital borrowed $14.3 million from Derby Copeland Capital for 33 West 36 Street on October 17, 2025.
• Malachite Group borrowed $9.2 million from Citizens Bank for 221-28 Horace Harding Expressway on October 15, 2025.
• Stellar Management borrowed $27.5 million from Provident Bank for 123-33 83rd Avenue and 82-37 Kew Gardens Road, Kew Gardens, Queens on October 14, 2025.