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The Ackman-Ziff Real Estate Group.

Simon Ziff, president of The Ackman-Ziff Real Estate Group, LLC, reported over $400 million in financing transactions during the fourth quarter of 1999. Ackman-Ziff enjoyed one of the strongest years in their 70plus year history in 1999. Ackman-Ziff represents owners exclusively in financing office, industrial, retail, hotel and apartment properties throughout the country.

"Our strong performance in 1999 is a reflection of our firm's unyielding focus providing owners with the most sophisticated solutions to their financing needs," said Simon Ziff. "Ackman-Ziff continues to service a "who's who" of owners throughout the country because we never waver from our focus on being the highest regarded capital advisory firm in the real estate industry. What differentiates Ackman-Ziff is our ability to consistently create unique solutions to the most complex financing situations - and in today's highly competitive market, our services are in more demand than ever," Ziff concluded.

Owners that Ackman-Ziff represented during 1999 included Tishman Speyer Properties, Related Companies, Blackacre Capital Group and Northstar Capital Partners.

Highlights of the fourth quarter included a $50 million forward commitment on a 467,705 square-foot power center in Farmingdale, New York; a $34.55 million combination of first mortgage, construction and mezzanine loan for two office buildings totaling 491,783 square feet in Brooklyn, New York; a $25.25 million permanent loan for a 127,000 square-foot high-tech office building located at 105 East 17th Street in NYC; and a $14,699,474 permanent loan for a 378-garden apartment complex in River Edge consisting of 72 apartment buildings, 13 garage buildings and 1,701 rooms.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 12, 2000
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