Turks Capital principals and Angelo Gordon & Co. purchased 1440 Broadway near Times Square for $152 million. The property was renovated, repositioned and re-leased over a 4-year period and later resold to American Realty Trust and CIM for $640 million.
Turks Capital principals James Hochfelder and Adam Hochfelder and their partner, the Bass Family, acquired The Helmsley Building at 230 Park Avenue for $300 million. Later, Dubai Fund NCO bought the property for $705 million.
Turks Capital principals and the Carlyle Group successfully acquired the 185,000 square foot Tommy Hilfiger Building at 485 Fifth Avenue for $88 million, and developed this property into NYC’s first Hyatt Andaz. The property was sold in 2016 to Japan’s Takenaka Corporation for $212 million.
Turks Capital principals Adam Hochfelder and James Hochfelder and their partner Credit Suisse acquired a portfolio of commercial and residential buildings in New York and Chicago for $740 million.
Turks Capital and CitiGroup purchased 237 Park Avenue for $455 million. That same year, Turks Capital and the Hochfelders partnered with Lone Star Fund from Texas to pay $320 million to acquire 450 West 33rd Street (now known as 5 Manhattan West in Hudson Yards which is currently own by Brookfield).
In 2013, Turks Capital principal Adam Hochfelder and his partners contracted to acquire 1619 Broadway, the Brill Building, for $185 Million in Times Square. Later that year, this interest was acquired at a $226 million valuation.
In 2015, Hochfelder and his partners acquired a $110 million assemblage of 1802-1810 Second Avenue, which is now Manhattan’s first super-luxury Senior Living Facility.
In 2017, Turks Capital principal Hochfelder and his partners, along with and Roche Enterprises acquired, developed a 105 Room Hotel in Hudson Yards North which is now home to Cachet Hotel NYC.
In 2018, Hochfelder and his partners acquired the Z Hotel, a 100 Room waterfront hotel in Long Island City overlooking Manhattan.
In the Caribbean, Hochfelder and Wachovia (now Wells Fargo) acquired the Starwood Aruba Resort and Casablanca Casino in the Caribbean from Oswaldo Cisneros, CEO of Pepsico South America.