![]() Per square foot, we’re in the $1,700 range, going up to $3,150 per square foot for our full-river-view penthouse units. We started sales in December, and we’re 85 percent sold. So we gut renovated the building after all the leases expired. When we had the opportunity to acquire 22 River Terrace, we looked at it as not only a conversion to condominium, but a value-add play where we could create larger units for what we thought was the main buyer in the neighborhood. And one of the things we realized at Riverhouse was that there was a real demand for larger units. We had been the second operating partner and developer for Riverhouse, which is two doors down, so we knew Battery Park City very well. The building was acquired in October 2013. Amber in color, Centurion Ale is available on tap at Moss Mill Brewing Company as well as in canned 4-packs to-go. It had 324 market-rate rental units, and it will have 168 condos. The big project that you’re working on now is the conversion of 22 River Terrace into a condominium - you’re calling it River & Warren.Ī. It’s about 1.1 million square feet over three buildings in L.A., and then 300,000 square feet in New York. I would probably value it at $1.3 billion. In New York, we’re in the process of finishing the sellout of a large deal, which was originally called 22 River Terrace.Ī. We have a significant amount of office space in L.A., and we recently sold some of them because they were at the end of our value-added life cycle. How much of your business is in the New York area?Ī. The next deal was a $350 million acquisition of 595 residential units in two buildings in San Francisco with Lehman Brothers. That was a small deal, around $24 million. We purchased it from the original sponsor, and then we sold those condo units and then worked out the rent-stabilized units Lehman Brothers was the equity partner on that transaction. Ironically, it was two blocks from my house. Our first deal was in New York City - it was the acquisition of the remaining sponsor units at a condominium called Concorde on 65th, between Second and Third. And so we went out and did our first deal, and Jeff ended up finding the capital, and I ended up doing the operating side.Ī. I brought the institutional and capital knowledge and Jeff brought the operating experience. All rights reserved.When Paine Webber was acquired by UBS, UBS decided to spin out the real estate fund into a separate entity, and I decided to start Centurion. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.Ĭopyright © 2023 Greater Baton Rouge MLS. The data contained herein is copyrighted by Greater Baton Rouge MLS and is protected by all applicable copyright laws. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. This website may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. View maps and other information about Centurion Real Estate Partners homes for sale. This website is a service of, a broker participant of Greater Baton Rouge MLS. Centurion Real Estate Partners has 1 communities in the New York area. Action Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. ![]() Any information relating to real estate for sale referenced on this website comes from the Internet Data Exchange (IDX) program of the Greater Baton Rouge MLS. The information being provided by Greater Baton Rouge MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Vice President Of Development at Centurion Real Estate Partners, LLC See all employees Similar pages Centurion Real Estate Management Real Estate Salem, Oregon Centurion Global Corporation Government Administration Surfers Paradise, QLD.
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