One Court Square

Walker & Dunlop Arranges $131 Million Construction Financing from PCCP, LLC and Corebridge Financial for Werwaiss Properties’ Long Island City Residential Tower

Retrieved on: 
Monday, March 13, 2023
Commercial Building & Real Estate, Construction & Property, Finance, Asset Management, Professional Services, REIT, Other Construction & Property, Residential Building & Real Estate, Queens Plaza, Corebridge Financial, Housing, Court Square, Multimedia, Walker & Dunlop, PCCP, Transport, One Court Square, AIG, Nightclub

Foundation work was completed in Fall 2022, and the project is anticipated to be completed in Summer 2025.

Key Points: 
  • Foundation work was completed in Fall 2022, and the project is anticipated to be completed in Summer 2025.
  • The site’s superior location provides exceptional western-facing views of Manhattan as well as unparalleled transportation access across New York City.
  • Walker & Dunlop represented the sponsor, Werwaiss Properties, a multi-generational, family-owned real estate development company, to secure the floating rate construction loan through Corebridge Financial (formerly AIG) and PCCP, LLC.
  • The Walker & Dunlop capital markets team, representing the sponsor, was led by Jonathan Schwartz , Aaron Appel , Adam Schwartz , Keith Kurland , and Michael Diaz.

Savanna Improves Sustainability Performance, Raises Year-Over-Year GRESB Rating Scores Across Investment Portfolio

Retrieved on: 
Monday, October 31, 2022
Other Construction & Property, Construction & Property, REIT, Zero, One Court Square, Water, Social Security Government Pension Offset, Social, LEED, Energy Star, Electricity, Software, Construction management, Investment, Statistics, Bryant Park, HERE, HVAC, Consultant, Carbon, ESG, Peter Rosenthal, International Sustainability Alliance, Fifth Avenue, Efficiency, Financial services, Renewable energy, Savanna, Cortex

Once again the NYC based real estate investment manager earned 5-Star ratings for multiple investment vehicles on the 2022 GRESB survey and improved the majority of its scores from 2021.

Key Points: 
  • Once again the NYC based real estate investment manager earned 5-Star ratings for multiple investment vehicles on the 2022 GRESB survey and improved the majority of its scores from 2021.
  • The GRESB 5-star rating is the highest possible grade, an indication of industry-leading performance.
  • Savanna integrates carbon reduction and energy efficiency practices into everything we do, from investment to development and overall building operations, said Peter Rosenthal, Chief Development Officer and Chief Sustainability Officer.
  • Since 2006, Savanna has invested over $5 billion in total capital across approximately 17 million square feet of real property.

Savanna Publishes 2021 ESG Report, Showcases Continued Progress in Comprehensive Sustainability and Social Initiatives

Retrieved on: 
Wednesday, August 17, 2022
Professional Services, DEI (Diversity, Equity and Inclusion), Environmental, Social and Governance (ESG), Commercial Building & Real Estate, Construction & Property, REIT, Benchmark, Zero, Social Security Government Pension Offset, Woman, Workplace (Health, Safety and Welfare) Regulations 1992, Million Women Rise, Peter Rosenthal, Grand Central Partnership, LEED, Carbon, Industry, Social, Female, Environmentalism, Student, Investment, Social responsibility, SWI, Workforce, ESG, Bryant Park, Engineering, Statistics, One Court Square, WELL, Fifth Avenue, HVAC, Architecture, DEI, Water, Electricity, Community, HERE, Culture, Star, Goal, Software, Domestic violence, Energy Star, Efficiency, Consultant, Organization, Lithium, Management, Creative industries, Cortex, Savanna

Global Real Estate Sustainability Benchmark (GRESB): Savanna achieved GRESB 5 STAR Rating and Green Star Designation for six of its funds.

Key Points: 
  • Global Real Estate Sustainability Benchmark (GRESB): Savanna achieved GRESB 5 STAR Rating and Green Star Designation for six of its funds.
  • Savanna is striving to build environmentally conscious spaces and accelerate corporate diversity through our comprehensive ESG program, notes Peter Rosenthal, Chief Development Officer, Savanna.
  • Environmental, social and governance principles are at the core of many of our operations and investment decisions.
  • ESG Committee: In 2020, Savanna launched the ESG Committee to ensure that ESG initiatives are discussed by all business units and at the executive level.

Savanna Boosts Sustainability Performance Again, Achieving GRESB 5-Star Ratings Across Multiple Investment Vehicles

Retrieved on: 
Wednesday, October 27, 2021
Interior Design, Architecture, Commercial Building & Real Estate, Construction & Property, Building Systems, REIT, NYSERDA, Carrier, Quinn (given name), Partnership, Savanna, HVAC, Partner, ESG, Consolidated Edison, Engineering, Achievement, One Court Square, Investment, Consultant, Green star, Keith Smith (engineer), Multimedia, Program, Development, Construction management, Kilowatt-hour, Peter Rosenthal, Lithium, Risk management

Savanna continues to achieve high marks for sustainability performance across its 7 million square foot New York City property portfolio.

Key Points: 
  • Savanna continues to achieve high marks for sustainability performance across its 7 million square foot New York City property portfolio.
  • The company earned 5-Star ratings for multiple investment vehicles on the 2021 GRESB survey, making Savanna a top-tier performer amongst its peers.
  • Savanna vehicles also earned Green Star designations, which indicate strong scores on the components of the GRESB assessment pertaining to management practices and building performance.
  • Were extremely proud of our GRESB performance this year and look forward to ongoing achievement in this important area.