Company type | Privately held company |
---|---|
Industry | Real estate |
Founder | Manocherian family |
Website |
panamequities |
Pan Am Equities is a real estate company owned by the Manocherian family that develops and operates real estate properties, along with its sister company Manocherian Brothers [1] [2]
The company focuses on the redevelopment of Upper East Side tenement blocks. [3]
Buildings owned by the company include New York Tower at East 39th Street[ citation needed] and the Caroline at 60 West 23rd Street.[ citation needed] The owners of the company also own the New York Health & Racquet Club. [4]
In 2014, the company bought two commercial condominiums in the Upper East Side, covering a total of 45,000 square feet. [ citation needed]The seller was Philadelphia-based real estate investment fund manager Equus Capital Partners. [5]
In April 2016, Pan Am Equities sold 6 multifamily rental buildings in the East Village to The Lightstone Group for $127 million. [6]
In 2019 the firm announced the Glassell Park project, a 419-unit apartment complex located at the entrance of the new Bowtie State Park along the Los Angeles River. The project received harsh criticism from river activists. [7] [8]
Company type | Privately held company |
---|---|
Industry | Real estate |
Founder | Manocherian family |
Website |
panamequities |
Pan Am Equities is a real estate company owned by the Manocherian family that develops and operates real estate properties, along with its sister company Manocherian Brothers [1] [2]
The company focuses on the redevelopment of Upper East Side tenement blocks. [3]
Buildings owned by the company include New York Tower at East 39th Street[ citation needed] and the Caroline at 60 West 23rd Street.[ citation needed] The owners of the company also own the New York Health & Racquet Club. [4]
In 2014, the company bought two commercial condominiums in the Upper East Side, covering a total of 45,000 square feet. [ citation needed]The seller was Philadelphia-based real estate investment fund manager Equus Capital Partners. [5]
In April 2016, Pan Am Equities sold 6 multifamily rental buildings in the East Village to The Lightstone Group for $127 million. [6]
In 2019 the firm announced the Glassell Park project, a 419-unit apartment complex located at the entrance of the new Bowtie State Park along the Los Angeles River. The project received harsh criticism from river activists. [7] [8]