Berkley Acquisitions

BERKLEY ACQUISITIONS LLC NEWS

LAUNCHED… Berkley Asset Fund I, L.P. Published in various periodicals, March 2012.
“A metro NYC real estate opportunity fund. $100,000,000”
Berkley Rolls Out $100M Opp Fund Published in Real Estate Finance Intelligence, February 2012.
“…will acquire opportunistic or distressed property and debt in the New York Metro area…”
Eli Braha Launches Berkley Asset Fund I, LP, Defining New Era of Real Estate Investment Published in The Wall Street Journal, February 2012.
“…launching a $100 million dollar fund on February 7, 2012…”
Opportunistic Investor Launches First Commingled Fund Published in Commercial Real Estate Direct, February 2012.
“Berkley Acquisitions…is in the market to raise equity for its first commingled investment fund”
Thinking Outside the Bubble - Capitalizing on Opportunity, Timing and Talent Press Release, February 2012.
“Eli Braha launches Berkley Asset Fund I, LP, defining new era of real estate investment”
AUDIO: Eli Braha Interview on Real Estate Radio Aired on WERE Cleveland, OH, January 2012.
Berkley alleges Flatiron Hotel owners reneged on purchase Published in The Real Deal, August 2011.
“Berkley Acquisitions, led by investor and apparel executive Eli Braha, filed a $30 million lawsuit against the owners of the Flatiron Hotel…”
Flatiron Hotel owners claim Berkley tried to flip hotel without permission: court docs Published in The Real Deal, October 2011.
“The owners of the Flatiron Hotel claim that Berkley Acquisitions, which sued them for allegedly backing out of a $30.2 million deal…”
Berkley Acquisitions buys 53 Greene Street for $10.8 Million Published in Real Estate Weekly, June 2011.
“The all-cash transfer was funded by the Praedium Group…”
Club king eyes hotel buy Published in New York Post, May 2011.
“Nightlife impresario Nur Khan… has been eyeing the boutique Flatiron Hotel…”
Flatiron Hotel Ready for Nightly Stays, but Up for Sale Published in The Real Deal, April 2011.
“The boutique Flatiron Hotel is finished and ready for occupancy, but it's also on the market for a quick sale…”
Hotel Syracuse Has New Owner, and it's Not Developer Who Promoted $60M Renovation Published in The Post-Standard, March 2011.
“The future of the shuttered Hotel Syracuse appears murkier…”
Downtown Committee Annual Meeting Published in downtownsyracuse.com, 2011.
“Over 400 people gathered in the Imperial Ballroom at the Hotel Syracuse on Tuesday,.…”
Acquisition of the Historic Landmark 573 Key "Hotel Syracuse" Press Release, November 2010.
“Berkley Acquisitions…, under the direction of its Managing Member Eli Braha, is currently performing its due diligence…”
Hotel Syracuse Renovation Project is on Hold Until Israeli Bankruptcy Court Decides Whether NYC Firm Can Buy It Published in The Post-Standard, November 2010.
“Plans by a New York City based real estate investment firm to purchase, renovate and reopen the Hotel Syracuse are on hold.…”
Assemblyman Magnarelli's Letter in Support of Hotel Syracuse Project, September 2010.
“…Berkley Acquisitions has earned my confidence and that of the leadership New York State Assembly…”
Onondaga County Executive's Letter in Support of Hotel Syracuse Project, September 2010.
“…appreciates the perserverance and determination they have exhibited…”
Empire State Development Corp. Letter Granting Berkley $15MM in NY State Funds, September 2010.
“…let me express our enthusiasm for working with you and Berkley Acquisitions LLC…”
Hotel Syracuse deal signed: Berkley Acquisitions Published in allbusiness.com, August 2010.
“Eli Braha…announced that his company has signed a contract with the sellers of the landmark Hotel Syracuse…”
Syracuse Mayor Miner's Letter in Support of Hotel Syracuse Project, August 2010.
“The City and the community support Berkley's committment to this project…”
Hotel Syracuse Deal Signed: Berkley Acquisitions Published in Real Estate Weekly, August 2010.
“Eli Braha…announced that his company has signed a contract with the sellers of the landmark Hotel Syracuse…”
Berkley Taps State, Fed Programs For Hotel Rehab Published in Real Estate Finance & Investment, August 2010.
“Berkley Acquisitions, which is under contract to acquire the Hotel Syracuse in Syracuse, NY, has tapped state and federal financing…”
Hotel Syracuse Renovation Plans Published in cnycentral.com, July 2010.
“$60 million project could start next month…”
Renovation of Hotel Syracuse Fueled by $15 Million in Grants Published by ABC News Channel 9 WSYR, July 2010.
“Plans to revitalize Hotel Syracuse are moving forward because, in large part, of the transfer of $15 million in state grants…”
Redeveloping an Old City the Right (Thoughtful) Way Published in citiwire.net, July 2010.
“…an extraordinary coalition has come together around a multi-faceted policy of regeneration…”
Against Long Odds, Wilmot Keeps Pushing his Fairgrounds Gambling Proposal Published in The Post-Standard, July 2010.
“…she would support plans for a $60 million renovation of the historic Hotel Syracuse…”
Hotel Syracuse is in, Westin is Out, Says County Executive Joanie Mahoney Published in The Post-Standard, July 2010.
“Onondaga County Executive Joanie Mahoney has thrown her support behind a proposed $60 million renovation.…”
Governor: No Racino for Onondaga County this Year Published in The Post-Standard, July 2010.
“Mahoney has expressed tentative support for an alternative proposal to renovate the historic Hotel Syracuse…”
Duelling Plans for Syracuse Convention Center Hotels Compete for Support Published in The Post-Standard, June 2010.
“Two wildly different recipes for developing an Onondaga County convention center hotel are competing.…”
H'wood Hotel Published in New York Post - Page 6, June 2010.
“The landmark Hotel Syracuse in upstate New York is certainly making celluloid history…”
Hotel Dreams: Goal of a Revived Hotel Syracuse Still Worth Considering Published in The Post-Standard, May 2010.
“Another company is wooing local leaders with the promise to bring the beleaguered Hotel Syracuse back to its former majesty.…”
With Convention Center Hotel Project Stalled, Onondaga County Eyes Options Published in The Post-Standard, May 2010.
“A view of the the lobby and reception desk at the Hotel Syracuse, which has been closed for several years.…”
Hotel Syracuse Back in the Running as Convention Hotel Published in The Post-Standard, May 2010.
“Onondaga County is considering using state money it secured…to help with the rehabilitation and revitalization…”
John Malkovich will star in movie to be filmed in Syracuse Published in Syracuse University, March 2010.
“Actor John Malkovich…will arrive in Syracuse this summer and spend 6-8 weeks at work on the film Hotel Syracuse…”
John Malkovich is checking into the 'Hotel Syracuse' Published in On Location Vacations, March 2010.
“…working on the film, Hotel Syracuse, which will be shot almost entirely in the historic 1930s hotel of the same name…”
Starwood Finds Buyer for W Hotel in NY Published in Real Estate Alert, November 2009.
“A partnership led by investor Eli Braha has agreed to buy a W Hotel in Midtown Manhattan for well below the amount original sought…”
Syracuse Film Festival: Q&A with actor Tom Bower Published in syarcuse.com, May 2009.
“…that's quite an unusual script, because it's really about the haunted past of the Hotel Syracuse…”
Select Major 2009 U.S. Hotel Sales Published by CB Richard Ellis, 2009.
“W Hotel & Tuscany: Estimate $80,000,000 sales price”
City Suits Jeans Brand Published in Crain's New York Business, May 2002.
“…one new brand is bucking that trend — and reaping unexpected benefits.”
Tapps of Nassau Supermarkets Inc. vs. Boulevard Issued by Appellate Division of the Supreme Court of the State of New York, First Department, August 1997.
“Tapps was required to pay common area maintenance charges and a proportionate share of the real estate taxes to Linden…”