Even those who don’t adore Andrew Farkas give the guy his due: The New York whiz kid who conquered New York real estate before becoming Dubai World’s man in Manhattan is one sharp suit.
Consider this. In early 2009, well before Dubai World’s announcement that it would postpone servicing $26 billion in debt shook global Read More
Istithmar has announced the $1.15 billion sale of the former Helmsley Tower at 230 Park Avenue. A partnership between a Goldman Sachs fund and Monday Properties bought the 34-story tower, which Istithmar itself bought in 2005 for $705 million.
The Observer talked with Istithmar CEO David Jackson earlier this year. News of 230 Read More
Jones Apparel Group announced this morning that it has signed a new deal to unload iconic high-end Manhattan retailer Barneys New York to the Dubai investment firm Istithmar for $942.3 million in cash.
The sum is actually slightly less than a reported $950 million offer from rival firm, Fast Retailing of Japan, owners of Read More
Middle-Eastern investors snatched up $3.14 billion in Manhattan real estate in 2006, according to a new report from brokerage Jones Lang LaSalle. Not too shabby for the Big Apple as the total Middle-East investment in U.S. real estate during last year was just north of $7 billion.
One name dominated the headlines, Read More