In the Media
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Bloomberg: Harbor Group Raises $1.6 Billion for First Apartment Debt Fund
Harbor Group International closed on a $1.6 billion fund to finance apartment buildings and other multifamily properties as higher interest rates offer attractive returns for lenders willing to put money at risk. A unit of the Canada Pension Plan Investment Board committed $585 million to the HGI... -
The Wall Street Journal: Rising interest rates hit landlords who can’t afford hedging costs
The cost of insuring commercial real-estate loans against a rise in interest rates has exploded over the past year, raising the prospect of a market selloff since many property owners will no longer be able to afford these hedges. Nearly half of all commercial property debt is... -
The Real Deal: Most Expensive New York City Office Sales
The Real Deal analyzed office sales from Oct. 1, 2021, through October 2022, using New York City’s sales registry to determine the most expensive ones recorded over that period. Below are details on the top five, which totaled just over $2 billion. The priciest was between ViacomCBS and Harbor... -
Bloomberg: New York's Empty Offices Reveal a Global Property Dilemma
The rise of remote work will hurt older buildings, leaving landlords in the lurch In the heart of midtown Manhattan lies a multibillion-dollar problem for building owners, the city and thousands of workers. Blocks of decades-old office towers sit partially empty, in an awkward position: too... -
Commercial Observer: HGI Seals CBS Building Buy With $558M CMBS Financing
Deutsche Bank, Goldman Sachs and Brookfield are providing the debt. “The address is CBS” was once the television network’s slogan. Now, the CBS Building ’s location at 51 West 52nd Street is also the address of the latest mega-office financing to close in New York City. Harbor Group International... -
Bloomberg: Real estate bridge loans make a comeback
Pandemic helping risky real estate bridge loans make a comeback Harbor Group International took opportunity in bridge lending Lending caps on Fannie, Freddie opens up market to competitors Real estate investment firm Harbor Group International, an owner and investor in apartment complexes for more... -
HGI Bridge Lending Platform - Wall Street Journal
Rent Collection Is Down, and Apartment Owners Feel the Squeeze (Wall Street Journal) The apartment business has weathered the Covid-19 pandemic better than most of the real-estate sector. That is starting to change... Developers of new apartment buildings look even more vulnerable right now,... -
Harbor Group International CFO Carla Stoner Wins CFO of the Year Award
Carla Stoner doesn’t come from a typical CFO background of working strictly as an accountant or CPA, but she had the chops to grow Norfolk-based real estate investment and management firm Harbor Group International LLC (HGI) from $3.8 billion in assets under management to approximately $13 billion... -
The Top 10 CRE Buyers and Sellers in the First Half of 2020
Global real estate investor and manager Harbor Group purchased a portfolio of 13,000 apartments located primarily in Sunbelt States for $1.85 billion back in January. The company also bought an 866,706-sq.-ft. office building in Jersey City from the LeFrak Organization for a little over $372... -
Harbor Group Buys More Than 13,000 Apartments in $1.85 Billion Deal
A large rental-apartment landlord with offices in the U.S. and Israel has purchased a portfolio of 13,243 units primarily in the Sunbelt in a deal that values them at $1.85 billion, including debt. Read More -
Harbor Buys $117M Multifamily Property in Crown Heights, Brooklyn
NEW YORK CITY—Harbor Group International, a privately-owned real estate investment and management firm, and investor Image Capital, purchased the newly built multifamily apartment building called The Frederick, located at 564-570 St. Johns Place in Crown Heights, Brooklyn. The developers, Toby... -
Tallest resi building in Westchester sells for $259M
The property, known at Skyline New Rochelle, is a 40-story rental building with 588 apartments. The transaction marks the second time that the property has changed hands since 2013. The seller is Massachusetts firm DSF Group. Read More -
Harbor Group International Sells Three Apartment Portfolios for $700M
The portfolios included seven properties totaling 2,284 units in Central Florida; two properties totaling 568 units in Connecticut; and 12 properties in Dallas and Houston totaling 3,100 units. The specific names and locations were not released. Read More -
Harbor Group International opens LA office, recruits new exec
Harbor Group International is expanding into Los Angeles. The real estate investment firm, which is opening an office in L.A., said it also tapped Greg Heller, a former executive at JRK Property Holdings, as senior vice president of acquisitions. Read More -
Turnbridge Equities and Harbor Group partner on East New York warehouse
A partnership between the real estate investment firms Turnbridge Equities and Harbor Group International has entered into an agreement to ground lease a 90,000 square foot warehouse property in East New York, with an option to purchase the building in five years. Read More -
Harbor Group International Recognized Among Top 30 Apartment Owners in the United States
Norfolk-based Harbor Group International, LLC (HGI), is now the 30th largest owner of apartment properties in the country according to the 2018 rankings released by the National Multi Housing Council (NMHC). Read More -
Harbor Group International named twice among the 15 best US office deals inked in the last five years
Who made the most in commercial U.S. office deals over the last five years? According to data by Yardi Matrix, which focused on buildings sold between 2012 and 2017 and were held for up to three years, here are the deals that made the most in resale gains since 2012. Read More -
The Real Deal: Paramount, Savanna take stake in Harbor Group’s 55 Broadway
Preferred-equity deal values FiDi office tower at $215M Paramount Group and Savanna took a minority stake in Harbor Group International’s 55 Broadway, in a deal that values the Financial District office building at $215 million, or roughly $600 per square foot, sources told The Real Deal . The... -
Commercial Observer: Meridian Negotiates $110M NYCB Loan for Rockland County Multifamily Buy
Harbor Group International and Azure Partners landed $110 million in financing for their purchase of Eaves Nanuet, a 504-unit multifamily community located in the town of Nanuet in Rockland County, N.Y., Commercial Observer can first report. The five-year acquisition loan was provided by New York... -
Commercial Observer: Harbor Group International Seals $59M HQ Refi With CIBC
Norfolk, Va.-based Harbor Group International completed a $59 million refinancing of its Dominion Tower headquarters with lender Canadian Imperial Bank of Commerce on April 21, Commercial Observer has learned. The financing replaces HGI’s previous mortgage from Bank of America, which was set to... -
Harbor Group Buys One Dulles Tower For $226M
HERNDON, VA– Harbor Group International has announced its affiliates have acquired One Dulles Tower for $226 million. The 13-story, 403,622 square foot asset is fully leased. One Dulles Tower has gone through quite a metamorphosis in the last few years. Federal Capital Partners acquired it in late... -
Virginia Business: Harbor Group International acquires $300 million apartment portfolio
Harbor Group International LLC (“HGI”) announced Thursday that company affiliates have acquired three apartment communities – two in New Jersey and one in Maryland — for more than $300 million. Two of the properties are in New Jersey. They are The Grand, which has 564 units, in Cherry Hill and The...
In the Media
-
Bloomberg: Harbor Group Raises $1.6 Billion for First Apartment Debt Fund
Harbor Group International closed on a $1.6 billion fund to finance apartment buildings and other multifamily properties as higher interest rates offer attractive returns for lenders willing to put money at risk. A unit of the Canada Pension Plan Investment Board committed $585 million to the HGI... -
The Wall Street Journal: Rising interest rates hit landlords who can’t afford hedging costs
The cost of insuring commercial real-estate loans against a rise in interest rates has exploded over the past year, raising the prospect of a market selloff since many property owners will no longer be able to afford these hedges. Nearly half of all commercial property debt is... -
The Real Deal: Most Expensive New York City Office Sales
The Real Deal analyzed office sales from Oct. 1, 2021, through October 2022, using New York City’s sales registry to determine the most expensive ones recorded over that period. Below are details on the top five, which totaled just over $2 billion. The priciest was between ViacomCBS and Harbor... -
Bloomberg: New York's Empty Offices Reveal a Global Property Dilemma
The rise of remote work will hurt older buildings, leaving landlords in the lurch In the heart of midtown Manhattan lies a multibillion-dollar problem for building owners, the city and thousands of workers. Blocks of decades-old office towers sit partially empty, in an awkward position: too... -
Commercial Observer: HGI Seals CBS Building Buy With $558M CMBS Financing
Deutsche Bank, Goldman Sachs and Brookfield are providing the debt. “The address is CBS” was once the television network’s slogan. Now, the CBS Building ’s location at 51 West 52nd Street is also the address of the latest mega-office financing to close in New York City. Harbor Group International... -
Bloomberg: Real estate bridge loans make a comeback
Pandemic helping risky real estate bridge loans make a comeback Harbor Group International took opportunity in bridge lending Lending caps on Fannie, Freddie opens up market to competitors Real estate investment firm Harbor Group International, an owner and investor in apartment complexes for more... -
HGI Bridge Lending Platform - Wall Street Journal
Rent Collection Is Down, and Apartment Owners Feel the Squeeze (Wall Street Journal) The apartment business has weathered the Covid-19 pandemic better than most of the real-estate sector. That is starting to change... Developers of new apartment buildings look even more vulnerable right now,... -
Harbor Group International CFO Carla Stoner Wins CFO of the Year Award
Carla Stoner doesn’t come from a typical CFO background of working strictly as an accountant or CPA, but she had the chops to grow Norfolk-based real estate investment and management firm Harbor Group International LLC (HGI) from $3.8 billion in assets under management to approximately $13 billion... -
The Top 10 CRE Buyers and Sellers in the First Half of 2020
Global real estate investor and manager Harbor Group purchased a portfolio of 13,000 apartments located primarily in Sunbelt States for $1.85 billion back in January. The company also bought an 866,706-sq.-ft. office building in Jersey City from the LeFrak Organization for a little over $372... -
Harbor Group Buys More Than 13,000 Apartments in $1.85 Billion Deal
A large rental-apartment landlord with offices in the U.S. and Israel has purchased a portfolio of 13,243 units primarily in the Sunbelt in a deal that values them at $1.85 billion, including debt. Read More -
Harbor Buys $117M Multifamily Property in Crown Heights, Brooklyn
NEW YORK CITY—Harbor Group International, a privately-owned real estate investment and management firm, and investor Image Capital, purchased the newly built multifamily apartment building called The Frederick, located at 564-570 St. Johns Place in Crown Heights, Brooklyn. The developers, Toby... -
Tallest resi building in Westchester sells for $259M
The property, known at Skyline New Rochelle, is a 40-story rental building with 588 apartments. The transaction marks the second time that the property has changed hands since 2013. The seller is Massachusetts firm DSF Group. Read More -
Harbor Group International Sells Three Apartment Portfolios for $700M
The portfolios included seven properties totaling 2,284 units in Central Florida; two properties totaling 568 units in Connecticut; and 12 properties in Dallas and Houston totaling 3,100 units. The specific names and locations were not released. Read More -
Harbor Group International opens LA office, recruits new exec
Harbor Group International is expanding into Los Angeles. The real estate investment firm, which is opening an office in L.A., said it also tapped Greg Heller, a former executive at JRK Property Holdings, as senior vice president of acquisitions. Read More -
Turnbridge Equities and Harbor Group partner on East New York warehouse
A partnership between the real estate investment firms Turnbridge Equities and Harbor Group International has entered into an agreement to ground lease a 90,000 square foot warehouse property in East New York, with an option to purchase the building in five years. Read More -
Harbor Group International Recognized Among Top 30 Apartment Owners in the United States
Norfolk-based Harbor Group International, LLC (HGI), is now the 30th largest owner of apartment properties in the country according to the 2018 rankings released by the National Multi Housing Council (NMHC). Read More -
Harbor Group International named twice among the 15 best US office deals inked in the last five years
Who made the most in commercial U.S. office deals over the last five years? According to data by Yardi Matrix, which focused on buildings sold between 2012 and 2017 and were held for up to three years, here are the deals that made the most in resale gains since 2012. Read More -
The Real Deal: Paramount, Savanna take stake in Harbor Group’s 55 Broadway
Preferred-equity deal values FiDi office tower at $215M Paramount Group and Savanna took a minority stake in Harbor Group International’s 55 Broadway, in a deal that values the Financial District office building at $215 million, or roughly $600 per square foot, sources told The Real Deal . The... -
Commercial Observer: Meridian Negotiates $110M NYCB Loan for Rockland County Multifamily Buy
Harbor Group International and Azure Partners landed $110 million in financing for their purchase of Eaves Nanuet, a 504-unit multifamily community located in the town of Nanuet in Rockland County, N.Y., Commercial Observer can first report. The five-year acquisition loan was provided by New York... -
Commercial Observer: Harbor Group International Seals $59M HQ Refi With CIBC
Norfolk, Va.-based Harbor Group International completed a $59 million refinancing of its Dominion Tower headquarters with lender Canadian Imperial Bank of Commerce on April 21, Commercial Observer has learned. The financing replaces HGI’s previous mortgage from Bank of America, which was set to... -
Harbor Group Buys One Dulles Tower For $226M
HERNDON, VA– Harbor Group International has announced its affiliates have acquired One Dulles Tower for $226 million. The 13-story, 403,622 square foot asset is fully leased. One Dulles Tower has gone through quite a metamorphosis in the last few years. Federal Capital Partners acquired it in late... -
Virginia Business: Harbor Group International acquires $300 million apartment portfolio
Harbor Group International LLC (“HGI”) announced Thursday that company affiliates have acquired three apartment communities – two in New Jersey and one in Maryland — for more than $300 million. Two of the properties are in New Jersey. They are The Grand, which has 564 units, in Cherry Hill and The...
Press Releases
Mike Nathan Joins Harbor Group International as Chief Investment Officer - Office
New York – 12/7/2022 – Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm, today announced that Mike Nathan has joined the firm as
...Harbor Group International Completes Freddie Mac Q Series Securitization
Transaction is backed by eight multifamily loans throughout the U.S.
Norfolk, Va. – Nov. 21, 2022 –Harbor Group International, LLC (“HGI”), a privately owned international real
...Harbor Group International Adds to Southern California Multifamily Portfolio
LOS ANGELES, Nov. 15, 2022 -- Affiliates of Harbor Group
...Harbor Group International Provides Senior Mezzanine Loan for Manhattan Medical Office Development
NEW YORK, Oct. 28, 2022 -- Harbor Group International, LLC ("HGI"),
...Harbor Group International Acquires Multifamily Property in Phoenix
PHOENIX, Sept. 15, 2022 -- Affiliates of Harbor Group International,
...Harbor Group International Acquires Multifamily Community in Westchester County, New York
Elmsford, NY, July 25, 2022– Affiliates of Harbor Group International, LLC (“HGI”) and Azure Partners (“Azure”), today announced their joint venture for the $306 million acquisition of Avalon
...Harbor Group International Adds to Miami Portfolio with Multifamily Acquisition
MIAMI – July 21, 2022 – Affiliates of Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm, today announced the acquisition of Miro
...Harbor Group International Acquires Luxury Apartment Community in Miami from Florida East Coast Industries
Miami, March 16, 2022 – Affiliates of Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm, today announced their acquisition of
...Harbor Group International Acquires Workforce Housing Portfolio in North Carolina’s Research Triangle
The acquisition features more than 2,000 apartment units, adding to HGI’s growing footprint in North Carolina
Norfolk, Va. – Jan. 27, 2022 – Affiliates of Harbor Group
...Harbor Group International and Azure Partners Acquire Luxury Southern California Apartment Community
SANTA CLARITA, Calif., Jan. 11, 2022 -- Harbor Group International, LLC ("HGI") and Azure Partners, LLC ("Azure"), today announce their
...Harbor Group International Sells Phoenix Area Apartment Community
SCOTTSDALE, Ariz., Oct. 12, 2021 -- Harbor Group International, LLC ("HGI"), a privately owned international real estate investment and
...Harbor Group International, Cammeby’s Acquire New Jersey Portfolio for $1 Billion
Norfolk, Va. – Sept. 1, 2021– Affiliates of Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm, today announced a joint venture with
...Harbor Group International to Acquire CBS Building in Midtown Manhattan
The purchase marks the first sale of the landmark office tower since construction
New York – Aug. 16, 2021– Harbor Group International, LLC (“HGI”), a privately owned international
...Harbor Group International Closes Over $550 Million in Bridge Loans During First Half of 2021
NORFOLK, Va., July 21, 2021 -- Harbor Group International, LLC ("HGI"), a privately owned international real estate investment and
...Harbor Group International Sells Suburban Miami Multifamily Community
MIAMI, June 28, 2021 – Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm,
...Harbor Group International Closes First CRE CLO
Offering backed by bridge loans on multifamily assets across the U.S.
Norfolk, Va. – May 19, 2021– Harbor Group International, LLC (“HGI”), a privately owned international real
...Harbor Group International Acquires 56-Asset Multifamily Portfolio in Eastern U.S.
Norfolk, Va. – April 29, 2021 – Affiliates of Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm, today announced the acquisition of
...Harbor Group International Acquires Yonkers Office Property
CBRE facilitated the transaction
Yonkers, NY – April 29, 2021– Affiliates of Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and
...Harbor Group International Acquires Luxury Multifamily Community in Boca Raton
BOCA RATON, Fla. – March 31, 2021 – Harbor Group International, LLC (“HGI”), a privately-owned international real estate investment and management firm, today announced the acquisition of The
...Harbor Group International Finances Miami Hotel-to-Multifamily Conversion
MIAMI – March 23, 2021 – Harbor Group International, LLC (“HGI”), a privately-owned international real estate investment and management firm, today announced the $27.5 million financing of a
...Harbor Group International Acquires Portfolio of Southeast Multifamily Communities
Harbor Group International Acquires Portfolio of Southeast Multifamily Communities
Norfolk, Va., March 2, 2021 – Harbor Group International, LLC (“HGI”), a privately-owned
...Harbor Group International Closes Equity Raise for Bridge Lending Platform
Harbor Group International Closes Equity Raise for Bridge Lending Platform
Owner-operator has raised $245 million in equity, with CPP Investments as the lead
...Harbor Group International Closes $513 Million in Refinancings
NORFOLK, VA – November 10, 2020 – Affiliates of Harbor Group International, LLC (“HGI”), a privately-owned international real estate investment and management firm, working with Meridian Capital,
...Harbor Group International Sells Commercial Property in Parsippany
PARSIPPANY – October 31, 2020 – A joint venture of Harbor Group International, LLC (“HGI”), a privately-owned international real estate investment and management firm, and Turnbridge Equities
...Harbor Group International Sells Class A Multifamily Community in Kansas City
KANSAS CITY – July 13, 2020 – Harbor Group International, LLC (“HGI”), a privately-owned international real estate investment and management firm, and its affiliates, today announced the sale of Coach House, an
...Harbor Group International COVID-19 Update
Harbor Group International, LLC, and its affiliates continue to take measures to ensure the safety and well-being of our employees, residents, tenants and clients while maintaining continuity of business
...Harbor Group International Acquires Single-Tenant Office Property in Sacramento Submarket
SACRAMENTO, CA. – March 9, 2020 – Harbor Group International, LLC (“HGI”), a privately-owned international real estate investment and management firm, and its affiliates, today announced the purchase of 630
...Aragon Holdings Sells Apartment Portfolio to Harbor Group International for $1.85 Billion
Deal marks the largest multifamily transaction since 2016 and 5th largest ever
Los Angeles, January 15, 2020 -- Aragon Holdings, LLC (“Aragon”), and Harbor Group International, LLC (“HGI”), announced today
...Harbor Group International Sells 400-Unit Multifamily Property in Atlanta Submarket
ATLANTA – November 20, 2019 – Harbor Group International, LLC (HGI), a privately-owned international real estate investment and management firm,
Harbor Group International Funds Preferred Equity Investment in Playa Vista Luxury Apartment Project
LOS ANGELES, Nov. 11, 2019 -- Harbor Group International, LLC (HGI), a privately-owned international real estate investment and management firm, today announced the funding of a
About HGI
Harbor Group International (HGI) is a leading global real estate investment and management firm. With $20 billion1 in real estate investment properties, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 38 years of experience in the industry and approximately 1,400 employees worldwide, HGI continues to look for real estate investment opportunities.
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Harbor Group International controls $20 billion1 in real estate investments and is constantly exploring real estate investment opportunities in the worldwide market.
Harbor Group International, LLC provides real estate management and real estate investment services and is not affiliated with Harbour Group Industries, Inc. (whose web site may be found at www.HarbourGroup.com), which offers investment services in connection with the acquisition, development and operation of industrial and manufacturing companies.
1Total capitalized value of underlying assets of $19 billion includes direct real estate and private funds as of 9/30/2022. Total capitalized value of underlying assets of $20 billion includes direct real estate and private funds as of 9/30/2022, plus projected transactions anticipated to occur by January 1, 2023. AUM includes assets under management of HGI’s affiliate, HGI Capital Management, LLC.