But Spruce Capitals Robert Schwartz told the New York Post that an inspector went through the property prior to closing and that he is not aware of the issues. S3 Capital Partners, a lending arm of investment and development firm Spruce Capital Partners, has provided a $26 million construction loan to a trio of sponsors to help construct a mixed-use residential condominium building on the waterfront in Astoria, Queens. Developers have long profited from renovating out-of-date prewar apartment buildings to create interiors pleasing to todays buyers. Contact 2 Phone 1. Crains New York Business is the trusted voice of the New York business communityconnecting businesses across the five boroughs by providing analysis and opinion on how to navigate New Yorks complex business and political landscape. The property was gradually improved and sold four and a half years later realizing a 16% IRR. Developers Loketch Group and Meral Property Group plan to construct 90 homes on the site, including condos in the existing building and 41 rentals in a brand-new one, mortgage lender S3 Capital Partners told the Commercial Observer earlier this month. During his time at Emory, Sam was also a member of the varsity baseball team. Located within close proximity to the LIRR and the Long Island Expressway. In addition to hard work, Robert Schwartz also believes that success in business requires a lot of good luck and well thought-out timing. About Spruce Spruce Capital Partners is a privately-held, New York-based real estate investment firm that owns and finances real estate and real estate-related opportunities. Robert Schwartz is co-founder and principal of Spruce and S3 Capital, and leads acquisitions, financing and day-to-day management for the firm. The Leesburg, Virginia police arrived. Bob (Robert) Schwartz of Stony Plain, born in Winnipeg, Manitoba on February 3, 1943, passed away on Friday, November 22, 2019 at 76 years young. Aidan recently worked at Angelo Gordon and a Los Angeles based Qualified Opportunity Fund. Robert began his career as an investment. The property consists of 16 2 bedroom apartments. All Rights Reserved. Philosophy schwartz@uwm.edu. Lake Shore Park has 8 1 bedroom and 114 2 bedroom apartments. Robert Schwartz has been working as a Founder & Partner at S3 Capital for 3 years. Rob joined Resilience in 2009. Spruce, which was founded in 2007 by Joshua Crane and Robert Schwartz, is also behind a 16-story, 14-unit condominium project at 151 East 78th Street. Some of the worlds top interiors experts are tackling dazzling new Manhattan projects. To ensure the success of each investment, Spruce employs a team of industry professionals across: S3 Capital originated a $140 million loan towards the construction of two new mixed-use towers in Mott Haven, Bronx consisting of 301 free market units, 129 affordable units, 24 extended stay hotel keys, 5,000 square feet of retail, and 210 parking spots. Joshua also worked at Stellar Management, where he was involved in the acquisition of Independence Plaza, a 1,330-unit rental building in New York Citys Tribeca neighborhood and 2,000 units in Washington, D.C. Joshua began his career at Salomon Brothers in its Mergers and Acquisitions group. Mr. Schwartz noted that luck can oftentimes make or break every aspiring businessman. $380,000, 453 Foster Rd, Cascade Funding Mtg T Hb7, and Wilmington Svgs Fund Soc, to Balcar, Jiri. Spruce Capital Partners has put a new 8,300-square-foot Upper West Side townhouse on the market asking $23.5 million, a spokesperson for the developer told The Real Deal exclusively. Robert Schwartz, Senior Vice President and Portfolio Manager, joined AB in 2012 as a corporate research analyst, covering specialty finance, automotive, aerospace/defense and industrial companies. He received a B.B.A. Your Soul's Love: Living the Love You Planned Before You Were Born. Robert Schwartz - Robert S. Schwartz, C.Ped, is president and CEO of Eneslow Pedorthic Enterprises, Inc. which operates Eneslow, The Foot Comfort Center, Eneslow Pedorthic Institute (EPI), and Eneslow.com. He was promoted to Partner in January 2005 and took over responsibility for hiring and training new employees. Located near Road 36, these residences provides access to Danvilles excellent schools in the west, and Indianapolis to the east. I love what I do everyday, and I dont feel like Im working.. He is fluent in English and Hebrew. Shawn Safdie is a Managing Director at S3 Capital Partners where he focuses on loan origination, business development, structuring and underwriting. He received his B.S. S3 Capital Partners provided a $44 million Construction loan to NRIA LLC, a national commercial rea estate developer, for a 55-unit condominium in Hoboken Heights in Union City. in Finance and Management from the Boston College Carroll School of Management in 2020. With the quieter feel, these apartments are still within 30 minutes of the center of Des Moines by car. February 18, 2022. Mr. Schenkman previously worked at Hunter Roberts Construction Group as an Assistant Project Accountant. This area is surrounded by walking, hiking, and biking trails, giving the property a more suburban feel than the others in Spruces Iowa portfolio. Robert Schwartz, author of Your Soul's Plan, offers between lives soul regression workshops and hypnosis sessions. The five-story home is located at 42 West 71st Street between Central Park West and Columbus Avenue and has six bedrooms and seven full bathrooms. Learn about your (pre-birth) life plan. If you are one of the hundreds of landlords who are cheating on their 421-a tax benefits, the question is not if we are coming for you but when.. 212-300-8800. Representatives for Spruce Capital did not immediately respond to a request for comment. Prior to founding Spruce Capital, Mr. Schwartz helped to run a successful family business where he established the familys real estate investment program. His responsibilities cover all aspects of the business including acquisitions, financing and management. He has a variety of residential investment management experiences, which include having managed stabilized properties, repositioned investments, lease-ups, ground-up developments, and fractured-condominium properties across the risk spectrum. Lake Shore is a fifteen minute drive from downtown Des Moines. Spruce Capital Partners LLC. Robert began his career as an investment banker at Donaldson, Lufkin & Jenrette and UBS, in their Financial Institution Coverage groups. Prior to founding S3 and Spruce Capital, he was at Irongate, where he developed the Trump International Hotel and Tower at Waikiki Beach Walk. During this time he gained experience planning and executing complex operational missions. Dr. Robert Schwartz, MD is an Orthopedic Surgery Specialist in Las Cruces, NM and has over 44 years of experience in the medical field. | Home. Prior to joining Spruce, Edward worked at Thor Equities, a New York based real estate development and investment firm, as a Development Controller, where he was responsible for overseeing the reporting and cost accounting for all development projects. Spruce Capital Partners is a privately-held, New York-based real estate investment firm that owns and finances real estate and real estate-related opportunities. Bob (Robert) Schwartz of Stony Plain, born in Winnipeg, Manitoba on February 3, 1943, passed away on Friday, November 22, 2019 at 76 years young. Read full article. Contact 2 Name. Found 19 colleagues at RCM Asset Management. Mr. Okrent has managed approximately 170 apartment properties, consisting of more than 40,000 units throughout the country. . Philosophy of psychology, language and mathematical cognition, philosophy of science and pragmatism. I find that youll be the most successful if you really apply yourself to something that you really enjoy, said Mr. Schwartz. Commercial Observers Finance Weekly sat down with Robert Schwartz to learn more about Spruce Capital and S3 Capital. In this role, he assists with the underwriting of new and existing loans, day to day management of fund operations, and portfolio oversight. Mr. Wrede previously worked at Dow Jones and nH2. 2023 Spruce Capital. Zachary Neugut currently runs Spruce Capitals multifamily acquisition platform, Spruce Properties. Alan Purser is the Global Head of Capital Formation for Spruce and S3 Capital. Spruce Capital Partners has landed $102 million in Fannie Mae-backed debt from Newmark Knight Frank Multifamily to fund its purchase of a four-building multifamily portfolio in Indianapolis. Robert Schwartz. Sunrise Meadows is a twenty minute drive down I-35 from downtown Des Moines. Is there a new housing development in the works for East 78th Street? Mr. Jemal earned his Bachelor of Science degree from Yeshiva Universitys Sy Syms School of Business with a B.S. But many are now building entirely from the ground up, in a style harking back to the era before World War II; the trend is particularly evident on the limestone-clad Upper East Side. They have also lived in Morristown, NJ and Eatontown, NJ. The Peter Pennoyer-designed building. The best result we found for your search is Robert Philip Schwartz age 60s in Imperial Beach, CA in the Imperial Beach neighborhood. Mr. Tenants have access to all amenities offered at Lake Shore, including several gyms, a pool, and other common spaces. She is fluent in Russian and Ukrainian. He analyzed the same industries as a senior credit analyst at Citadel Investment Group and Bell Point Capital Management. In this role, he is responsible for underwriting and evaluating new and existing investments. In this role, he is responsible for underwriting and evaluating new and existing loans, overseeing the S3 construction portfolio, and assisting in day-to-day operations. Now the tenants can present a class-action suit, which results in a stronger case against the owner, said Lucas Ferrara, one of the attorneys representing the tenants. By: Robert Schwartz. Apollo Global Management, Inc. Chief Investment Officer and Founder Robert Schwartz S3 Capital Partners, a New York City-based private lending platform, closed 85 loans for a total of $915 million in 2019. Robert Schwartz, Co-Founder at Spruce Capital Partners in New York, NY has commercial real estate listings for sale or rent on showcase.com. The firm and its partners have both acquired and developed a portfolio of assets totaling in excess of $3 billion. Since June 2000, Robert Schwartz has been Managing Partner of Third Point Ventures, the Sunnyvale, California based venture capital arm of Third Point LLC, which is a registered investment adviser based in New York and the investment manager of the Third Point Funds (AUM over $17B). Ari Stein joined S3 Capital Partners in 2017. Mr. Neugut received his B.A. According to the fourth quarter 2013 reports by appraisal #rm Miller Samuel, NYC was at its lowest level of inventory in 14 years. The Wharton School of the University of Pennsylvania, Chairman After graduating from the Wharton School of Business, Mr. Schwartz began working in merging and acquisitions, a division of banking that handles the transfer or consolations of the ownership of companies. (212) 210-0100, Ex-ABC News anchor Amy Robach and actor Andrew Shue offload West Village co-op, Stonehenge chairman sells for a big profit at Vornados 220 Central Park South, Sanctioned Russian oligarch's UES condos put straw-buying in the spotlight, Audit bill for 421-a apartment buildings pushes forward inSenate, Landlords plan another appeal tochallenge rent-stabilization laws, Fed says overvalued commercial real estate poses risk tofinancial system, Office-to-condo conversion project 1 Wall St. to welcome residents next month, MaryAnne Gilmartin opens first MAG Partners project in Chelsea. He earned his undergraduate degree from Ben-Gurion University of the Negev in Beersheba, Israel with a B.A. What started out as a hobby eventually grew into a full-fledged passion. Home About Us Transactions Team News & Insights Contact Us Spruce Capital. He graduated from the University of Michigan in 2020 with a degree in Economics. that focuses on the professional achievements of Ramaz parents and school alumni. The rental property has 115 units and is located in East Village, a strong neighborhood in D0wntown Des Moines. Connect with 500+ capital providers today, Job Functions: Executive, Acquisitions & Dispositions, Capital Markets, Equity Strategies, Robert Schwartz is co-founder and principal of Spruce and S3 Capital, and leads acquisitions, financing and day-to-day management for the firm. He is fluent in English and Hebrew. Prior to his role at S3, Joe worked in public accounting for three years at CBIZ/Marks Paneth. Length: 7 hrs and 45 mins. S3 Capital offers a flexible platform that originates both smaller loans of bet Read More Phone Number: (212) 300-8800 Website: www.s3cap.com Revenue: <$5 Million S3 Capital's Social Media Is this data correct? Kyle Quattrocchi joined S3 Capital in June 2022 as an Analyst. East Boulevard Development Company LLChas nabbed $80 million in construction debt fromS3 Capital Partners to finance the development of a luxury multifamily project in Charlotte, N.C. JLL Capital Markets closed the $56.75 million sale, the 2nd largest multi-family purchase in the history of Iowa, and arranged $45.4 million in acquisition financing for Spruce Properties, the multi-family investment affiliate of Spruce Capital Partners. JCS Realty has landed $60 million in construction financing from S3 Capital Partners for a multifamily property located in the Mott Haven neighborhood of the Bronx. Part of the Ankeny, Iowa sub-market, Peach Tree sits in a vibrant area with a large industrial presence and a strong public school system. Matan Kurman joined S3 Capital Partners at its inception in July 2014 to manage day-to-day operations and underwriting of loans. degree from Cuny College of Staten Island. Spruce identified 344 workforce housing units 10 miles outside of Washington DC which they purchased in October 2013 for a total cost of $72mm ($17.75mm Equity). His understanding of the field grew to a point where he felt comfortable starting a real estate investment fund. Role: Co-Principal Investigator. Curtin Hall 617. At least six other owners of buildings with 421-a tax breaks, including Gristedes owner John Catsimatidis, are facing similar claims against them. Richard Racanelli joined S3 Capital Partners in 2022 as an Analyst. It has a committed pool of capital, funding construction draws and responding quickly to meet borrower needs. The unit mix is 88 one bedroom, 196 two bedroom, and 29 three bedroom apartments. Tanya is an Office Manager and Executive assistant for S3 Capital. Founded in 2007 by Joshua Crane and Robert Schwartz, Spruces primary focus is on delivering superior risk adjusted returns while protecting downside. A year and a half ago, the Observer chronicled the real estate happenings on a block of East 78th Street, where Spruce Capital Partners went on something of a buying spree, snapping up the Ackerman Institute at 151 East 78th Street and a conjoined townhouse at 153-155 East 78th. The rental property has 128 units and is located in East Village, a strong neighborhood in Downtown Des Moines. The Crossings at Pinebrook consists of 545 apartments spread over 34 acres. West Village resident claims the developer hid the defects, The buyer of a $20.7 million Greenwich Village mansion accused Spruce Capital Partners of selling a death trap.. Robert Schwartz, Senior Vice President and Portfolio Manager, joined AB in 2012 as a corporate research analyst, covering specialty finance, automotive, aerospace/defense and industrial companies. Plaintiff commenced this action on September 19, 2017. In our view, each tenant is entitled to a refund of 20% of the rent paid since June 2015 and interest at the rate of 9% per year, he said. Prior to Resilience, Rob practiced law for 12 years with Cleveland law firms including McCarthy, Lebit, Crystal & Liffman Co., LPA; and Miller, Goler Faeges LLP, where Rob concentrated in the areas of business litigation, creditors' rights and bankruptcy. In its demure and quiet way, a new development at 151 East 78th Street looks to be one of the more promising projects in the city, even though its actual construction has not yet begun. 2023 Spruce Capital. The property offers residents a game room, gym, a rooftop lounge, and a pool. Jackson Gray joined S3 Capital as an analyst in June of 2022. The firm also bought and sold more than one million square feet of NYC office buildings. One unit, a duplex penthouse boasting six bedrooms, carries an asking price of $27.5 million, a representative of Spruce told The Real Deal exclusively. Edward earned his Bachelor of Science in Accounting from the State University of New York at Buffalo. How well you perform matters, but luck is very important., To Require Or Not to Require- The Relationship Between Ramaz Students and Live Theater, A New Yorkers Guide Of Things To Do Over Winter Break, The Silverman Report: Homeroom- An Introverts Worst Nightmare, Student Teacher Conferences- The Ultimate Race Against Time, A Freshies View: Interviewing Asher Rosenfeld, The official newspaper of the Ramaz Upper School, Your email address will not be published. Prior to founding Cooper Creek Partners Management LLC in 2008, Mr. Schwartz spent six and a half years at JL Advisors, LLC. T32AG000279 (SCHWARTZ, ROBERT S) May 1, 2001 - Apr 30, 2023. with concentrations in Finance and Real Estate from Emory Universitys Goizueta Business School. Founded in 2007 by Joshua Crane and Robert Schwartz, Spruce's primary focus is delivering superior risk-adjusted returns. $3,500,000. Not the schizo temperature shis (although, we concede, those werent exactly fun, either) were talking about the lack of available residential real estate. It also provides easy access to I-70 and I-465, for a 15-minute drive to Indianapolis International Airport, or a 30-minute drive to the center of the city. Today, S3 is the most active bridge and construction lender in New York. Robert Schwartz. Dr. Randy Longman, Dr. Robert Schwartz, Graduate School of Medical Sciences, Jill Roberts Institute for Research in Inflammatory Bowel . A group of Brooklyn tenants who suedtheir landlord in the fall for violating rent-regulation laws may move forward as a class, a state Supreme Court judge ruled Thursday, bolstering their case. Select the best result to find their address, phone number, relatives, and public records. Mr. Schwartz is presently a director of NextSilicon, Sysdig, Kentik, Kumu Networks, Aryaka, Verbit, Precision Hawk, R2 Semiconductor, YellowBrick Data, Ushur, Ahana, and Trullion. 1. Mark has a Master of Science in Real Estate degree, with a concentration in Strategic Management, from New York University. Robert Schwartz Republican Party Elections and appointments Last election May 19, 2020 Contact Personal website Robert Schwartz ( Republican Party) ran for election to the U.S. Senate to represent Oregon. S3 Capital Partners LP has provided a $250 million loan to the McSam Hotel Group LLC for the acquisition and construction of 150 West 48th Street , a new hotel development in Times Square. S3 Capital Partners, a lending arm of investment and development firm Spruce Capital Partners, has provided a $26 million construction loan to a trio of sponsors to help construct a mixed-use residential condominium building on the waterfront in Astoria, Queens. Prior to joining Heitman, Alan worked for Deutsche Bank/RREEF and focused on cultivating new and existing relationships for their alternatives investment platform. Mr. Jemal earned his Bachelor of Science degree from Yeshiva Universitys Sy Syms School of Business with a B.S. January 12, 2015 | The Wall Street Journal. View contact profiles from S3 Capital A girtty neighborhood undergoes a transformation with new apartments. In his role, Edward is responsible for overseeing the tax planning, financial reporting, and accounting for the private equity and the Family Office business at Spruce Capital. Revere is an invite-only digital network for commercial real estate professionals looking to buy or sell a building, finance a project, and expand their network. Robert Schwartz and Joshua Crane, co-founders of real estate development and investment fi rm Spruce Capital Partners, looked at dozens of townhouses before they purchased this property on Waverly Place through an LLC in 2010 for $6.85 million. NO PHOTO. Rob Schwartz joined TZP Group as a Partner in January 2018. Built in 2018, Soll Apartments is a 165-unit Class-A rental property located in Downtown Des Moines. Co-Founders & Principals. Company Website. Co-Head of Infrastructure and Natural Resources CEO & Founder Eli Bronfman Managing Partner & Founder Neal Schore Chairman Russ Condas Senior Vice President Development Tyler Conger Chief Financial Officer Hanna Jamar General Counsel tHOM AMDUR Senior Vice President Policy & Impact Brandon Sand Senior Vice President Construction Matt Glatting Vice President Planning & Strategy STACY KAPLOwitz Prior to joining the firm in 2012, Schwartz analyzed the same industries as a senior credit analyst at Citadel Investment . Eneslow, founded in 1909, is the fulfillment of Schwartz's vision to offer people . $3,550,000. But in a lawsuit filed Wednesday, the unidentified buyer claims that he or she discovered numerous and significant defects and deficiencies including, but not limited to, life threatening issues which required substantial and costly emergency repairs, including mold in the air-conditioning ducts, a gas leak, fungus growth and flickering lights. The 10,200-square-foot . Mr. Crane began his career at Salomon Brothers in their Mergers and Acquisitions group. A partnership between New York-based Spruce Capital Partners and Connecticut-based Post Road Properties received a $65.2 million Freddie Mac-secured loan for Hawthorne Court, a 434-unit multifamily complex in Central Islip, N.Y. Katie Couric and her husband bought an apartment on the entire 10th floor of 151 East 78th Street, a new limestone and brick condominium on the Upper East Side. The price tag exceeds the $29 million total that developer Spruce Capital Partners paid for the property in 2012. He is responsible for managing the S3 construction portfolio and overseeing the construction draw process. Spruce Capital Partners, Co-Founder & Managing Partner Most recently he was the Global Head of Client Services and Marketing for Stockbridge, a $15 billion institutional core and value platform. Top 3 Results for Robert Schwartz in CA. We have worked with Brian for a number of years both as a borrower and a co-lending . zip: 10075-0405. josh crane real estate spruce capital. He eventually formed Spruce as a dedicated investment and development organization, in partnership with Joshua Crane, after investing in numerous transactions together for seven years. Spruce Properties seeks to acquire and manage multi-family rental housing assets outside of New York City that are positioned to deliver stable long-term cash flow and capital appreciation. JDS Development Group and Property Markets Group launched sales at 111 West 57th Street last week for owner, Spruce Capital. Some of the stab wounds were so deep, that there were marks on the floor where Robert died. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Greystone sells Lantana apartments to real estate mogul for $10M, Hialeah Gardens industrial site trades at $1M/acre, as market softens, Estate linked to Michael Milken goes to market for $64M, New Yorks luxury market remains a contender, Syufy wants to put 500 homes at former sites of domed theaters in San Jose. State lawmakers voted in May to advance legislation that would require more frequent and comprehensive checks of the properties using the 421-a tax abatement to make sure they comply with the programs requirements for affordability. A sprawling aerie on the 67th floor of One57, Extell Developments glassy-blueskyscraper, where the citys priciest transaction for a single residence took placeearlier this year, sold to an undisclosed buyer for $28,005,375 and was the mostexpensive sale of the week, according to city records. William Sofield known for his work designing stores for Tom Ford, Ralph Lauren and YSL masterminded, the layouts at JDS Development Group, Property Market Group and Spruce Capital Partners 111 West 5th Street. Robert had died from 32 stab wounds, and had an 'X' carved into his neck. It is located in Dauphin Acres neighborhood in Mobile positioned between Dauphin Street and Airport Boulevard close to Mobiles Central Business District. Edward Kim joined Spruce Capital in 2013 as a Financial Controller. December 12, 2012 | The New York Observer. The five complexes involved are Crossings at Pinebrook, The Pathways, Sandpiper, Windsor Place and Yester Oaks. Brett Schenkman joined S3 Capital Partners in 2021 as an Analyst. Ari Stein joined S3 Capital Partners in 2017. Midwood Capital Partners, LLC is an investment and consulting firm that provides a wide array of services catering to commercial real estate owners, banks, and alternative lenders. Spruce Capital, led by Joshua Crane and Robert Schwartz,denied wrongdoing and petitioned the court this year to dismiss the case, but a judge allowed it to move forward in April. He earned his undergraduate degree from Ben-Gurion University of the Negev in Beersheba, Israel with a B.A. Transactions: Over 475 loans since inception, Track Record: In excess of $3.5 billion in loans, Provides real estate bridge and construction financing secured by recorded first liens, Closed over 340 first mortgages totaling >$2 billion, Originate loans up to $15 million with dedicated funds, and loans in excess of $15 million with discretionary special purpose vehicles, Focus: Multi-Family Housing Outside of NYC, Multi-family rental apartments outside of New York City, Characterized by consistent cash flow, 10-year investment horizon, and steady risk-adjusted returns, Properties with stable demographics, attractive cost-basis, and potential for long-term appreciation. GlobeSt.com profiles S3 Capital Partners. The property is withing walking distance to the Country Club of Mobile,the Springdale Mall, and the Pinebrook Shopping Center. Stay connected to New York business news in print and online. Sam Chang has landed a $250 million loan for his upcoming project at 150 West 48th Street from S3 Capital Partners. Lake Shore Park is a 122-unit apartment complex within walking distance of Lake Shore, a larger property within Spruces BBK Iowa portfolio. Renovation February 2023. Robert was born on May 13, 1944. The results of the case wont dictate what happens in the others, Ferrara said, but he expects other judges to reach similar conclusions, especially in the middle of a public health crisis. . E-MAIL. He received hisB.S. Robert Schwartz, Esq. She also worked as a bank teller at Santander Bank. Prior to founding Spruce and S3 Capital, Robert helped run a successful family business where he established and grew the family's real estate investment program.
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