Arash Rahmani

(Josh Arash Rahmani, Josh Rahmani)

Founding Partner

Empire Capital Holdings

(Empire Capital)

Owner

70 Hampshire Rd Great Neck, NY 11023

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Empire Capital Holdings NYC portfolio

$806 million -office 76%, condo 12%, industrial 4%; Manhattan 97%, Brooklyn 2%*

283th largest portfolio by dollar value

1,519,915 sqft – office 77%, condo 9%, industrial 6%; Manhattan 98%, Brooklyn 1%

328th largest by SF

11 properties – Manhattan 90%, Brooklyn 9%

897th largest

164 residential units – Manhattan 100%

1294th largest by residential units

2 foreclosures, 0 bankruptcies, 0 other court cases.

Person Activity past 24 months:

Borrower signatory: 2 for $39.9 million

Top Ten Associated Companies:

Symetra Life Insurance Company (1), Alma Bank (1), AEW Capital Management (1), Truist Bank (1)

Top Ten Associated People:

Thomas E. DiMaio (1), Matthew B. Tracy (1)

Recent activity as signatory:

Namdar Realty Group, Empire Capital Holdings and Mason Asset Management borrowed $24.3 million from Symetra Life Insurance Company for 319 West 44 Street on September 19, 2024.

Empire Capital Holdings borrowed $15.6 million from Alma Bank for 160 North 12 Street on August 28, 2024.

AEW Capital Management sold 836 3 Avenue for $72 million to Empire Capital Holdings and Namdar Realty Group on August 29, 2022.

Empire Capital Holdings and Namdar Realty Group borrowed $53.2 million from Truist Bank for 836 3 Avenue on August 29, 2022.

Latest Stories:

• Namdar, Empire, Mason Asset pay $40.5M to Related for office in Hell’s Kitchen, was $152M in 2018 (September 24, 2024)

• Namdar, Empire Capital file plans for 188-unit conversion in Midtown East (September 19, 2024)

• LoanCore acquires $196M Lenox Hill office building through foreclosure from prior owner Dune (October 13, 2023)

• Pacific Premier provides Thorofare “loan-on-loan” financing at CODA Williamsburg hotel (December 01, 2022)

• LoanCore files to foreclose on $196M loan secured by Midtown East retail, office (October 05, 2022)

• Empire Capital, Namdar pay $72M to AEW Capital for office building in Midtown East (October 03, 2022)

• Empire Capital Holdings signs $15.6M loan with Thorofare Capital for Williamsburg hotel (March 17, 2022)

• Empire Capital signs $15M refi with Hakimian Partners in Williamsburg (August 02, 2021)

Court Records:

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Properties:

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