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© 2017 Observer Media · Terms · Privacy

Lightstone Group

Lightstone is a privately owned real estate company active in 24 states according to their website, with $6.5 billion in assets that as of 2021 included some 3.5 million square feet of hotels, retail and multifamily (that, in turn, included 4,100 hotel rooms and 15,000 residential units).

David Lichtenstein founded the company in 1986, and was at first focused on multifamily ownership. In the early 2000s, he began focusing on retail, acquiring Prime Outlets in 2003, making Lightstone the largest owner of outlet malls in the country. Lightstone sold Prime Outlets to Simon Property Group in 2009, during the height of the Great Recession, for $2.24 billion, according to The New York Times.

During the 2010s Lightstone made a push into the hospitality sector, bringing to market several Moxy hotels in Midtown, the East Village, and the Lower East Side, as well as two Marriotts and a Hilton Garden Inn in Downtown L.A., but has continued to develop condo properties on the Upper East Side and the Financial District as well as multifamily projects in Brooklyn, Queens and the Bronx.

Moxy Chelsea.
Finance
New York City

Elad Canada Raises $148M, Lightstone Seeking to Raise $90M in Tel Aviv

By Chava Gourarie
Premium
A rendering of a proposed apartment at 414 Gerard Avenue in Mott Haven, just one of many planned residential projects in the South Bronx.
Sales  ·  Commercial
New York City

Inside the Bronx’s Big Investment Boom

By Rebecca Baird-Remba
Premium
 
Trending Stories
Leases  ·  Analysis
Washington DC

Office Space Demand Remains Sharply Down From Pre-COVID

Leases  ·  Office
New York City

Hotel Investment Firm AWH Re-ups Office at 1040 Avenue of the Americas

Leases  ·  Industrial
New York City

Brooklyn Navy Yard Inks Deals With Production Company, Design Firm

Finance  ·  Acquisition
Florida

Related Nabs $229M CMBS Loan for West Palm Beach Office Acquisition

Moxy Chelsea.
Finance  ·  Refinance
New York City

Lightstone Nabs $155M Refi for Moxy Chelsea

By Rebecca Baird-Remba
Premium
Madison Avenue Bridge which is hugging up against the site that Lightstone just purchased.
Sales  ·  Land
New York City

Lightstone Grabs Potential 600K-SF Bronx River Parcel for $59M

By Max Gross
Premium
TF Cornerstone is developing a new mixed-use project in Long Island City.
Industry
New York City

Amazon’s Departure Leaves Developers and Brokers Picking Up the Pieces

By Matt Grossman
Premium
Aaron Fishbein (left) and Steven Baker were pounding the pavement to do deals in Long Island City, Queens, long before it was on Jeff Bezo’s radar.
Industry  ·  Players
New York City

Winick’s Aaron Fishbein and Steven Baker on Paying LIC Attention Before Amazon Did

By Nicholas Rizzi
Premium
 
Trending Stories
Leases  ·  Analysis
Washington DC

Office Space Demand Remains Sharply Down From Pre-COVID

Leases  ·  Office
New York City

Hotel Investment Firm AWH Re-ups Office at 1040 Avenue of the Americas

Leases  ·  Industrial
New York City

Brooklyn Navy Yard Inks Deals With Production Company, Design Firm

Finance  ·  Acquisition
Florida

Related Nabs $229M CMBS Loan for West Palm Beach Office Acquisition

1407 Broadway.
Leases  ·  Office
New York City

South Korean Cosmetics Firm Moving to Larger Digs Within Midtown

By Nicholas Rizzi
Premium
Robert Mueller
Features  ·  Industry
National

Owners: Rudy or Mueller? Mueller. (By a Lot.)

By Max Gross
Premium
2018 Owners Magazine Commercial Observer
Features  ·  Players
New York City

Owners Magazine 2018: Talking Shop With NYC’s Top Landlords and Developers

By The Editors
Premium
29-21 41st Avenue.
Sales  ·  Commercial
New York City

Lightstone Pays $60 Million for LIC Hilton

By Rebecca Baird-Remba
Premium
831 Bartholdi Street
Sales  ·  Residential
New York City

Lightstone Group Finalizes $51M Deal for Bronx Apartment Buildings

By Liam La Guerre
Premium
A sign at a naturalisation ceremony for immigrants in Los Angeles.
Finance
National

George Washington Immigration Group Debuts Loan Platform for EB-5 Debt [Updated]

By Matt Grossman
Premium
The check-in atrium at the Moxy Times Square hotel.
Features
New York City

While Occupancy Skyrockets, NYC Hotel Players See Cause for Concern

By Rey Mashayekhi
Premium
Mitch Hochberg, President of Lightstone at Moxy Hotel Times Square in New York City
Features  ·  Players
National

Mitchell Hochberg Explains Lightstone’s Hotels and Condo Strategy

By Max Gross
Premium
A rendering of the Moxy Hotel at 105-109 West 28th Street.
Finance
New York City

Square Mile Purchases $32M in Mezz Debt on Lightstone’s NoMad Moxy Hotel

By Mack Burke
Premium
485 Seventh Avenue.
Finance  ·  Refinance
New York City

Goldman Sachs Provides $262M in Financing for Lightstone’s Times Square Moxy Hotel

By Mack Burke
Premium
1407 Broadway rendering.
Leases  ·  Office
New York City

Vince Camuto’s VCS Group Moving to 43K-SF Offices at 1407 Broadway

By Liam La Guerre
Premium
Sam Zell, Donald Bren and Masayoshi Son being led by Power 100 veteran Gary Barnett. Illustration: Britt Spencer/for Commercial Observer
Features
New York City

Welcome to the List!

By Max Gross
Premium

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July 28th 2020 Magazine Issue Cover
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