Kamran Hakim

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Kamran Hakim
Born
Kerman, Iran
NationalityAmerican
OccupationReal estate developer
Known forFounder of the Hakim Organization
Spouse(s)Ellen Manocherian
Children
  • Scott Hakim
  • Wendy Hakim Jaffe
  • Catherine Hakim Brodsky

Kamran Hakim is an Iranian Jewish New York-based real estate investor[1] and one of New York City's largest private landlords.[2]

Biography[]

Hakim was born to a Jewish family in Iran and then immigrated to the United States.[1][3] He founded the Hakim Organization in 1978.[4] He is press shy and typically avoids the limelight.[1]

Hakim owns a portfolio of over 200 buildings[5] worth in excess of $7.0 billion with a concentration on New York City's Upper West Side and Upper East Side.[1] Hakim's focus is to purchase rent-stabilized buildings that need infrastructure investment, make the necessary capital improvements, and then transition them to the market rate.[1] In 2003, he and his son Scott Hakim erected the 480 unit, $150 million, The Anthem, on the East Side of Midtown Manhattan.[6][7] In November 2012, he purchased the historic El Royale in Hollywood with real-estate attorney Farhad Eshaghpour for $29.5 million in cash.[8][9] In 2017, Hakim developed 1 QPS with Property Markets Group and New Valley.[10] In 2017, Hakim also purchased one of the largest vacant sites in Gowanus, Brooklyn with Yoel Goldman and Property Markets Group.[11] In 2018, he entered contract alongside Shahal M. Khan to buy Manhattan's Plaza Hotel for $600 million.[12]

Personal life[]

Hakim practices Judaism[13] and is married to Ellen Manocherian of the Manocherian family, a prominent real estate development family in New York City.[14] They have three children: Scott Hakim,[6] Wendy Hakim Jaffe,[15] and Catherine Hakim Brodsky.[16] He avoids publicity and prefers to operate behind the scenes.[1] He is a supporter of the Jewish Museum in Manhattan[17] and the Center for Jewish History.[18] He is on the board of International Trustees for the Israel Cancer Research Fund.[19] Hakim owns the horse-show venue Old Salem Farm in the Hudson Valley, New York.[20][21]

References[]

  1. ^ a b c d e f The Real Deal: "Quiet players - Meet some New York City empire builders who shun the spotlight" by Gabby Warshawer September 1, 2009
  2. ^ "El Royale apartments sell for $30 million: report", Los Angeles Business Journal, October 9, 2012
  3. ^ Pincus, Adam (February 1, 2011). "Clans with Plans". The Real Deal.
  4. ^ Hakim Organization website retrieved December 23, 2013
  5. ^ Cetra, Andrea (October 1, 2012). "CitySites launches management group". The Real Deal.
  6. ^ a b City Realty: "Building Review: The Anthem (222 East 34th Street, between Second Avenue & Third Avenue)" by Carter Horsley
  7. ^ New York Times: "Residential Real Estate; A Large Rental Building for the East Side of Midtown" By RACHELLE GARBARINE April 18, 2003
  8. ^ Wall Street Journal: "A Hollywood Icon's Turning Point - The El Royale, a longtime movie-star haunt, changes owners. Aiming to keep the stars—and fix the elevator" By Lauren Schuker Blum November 1, 2012
  9. ^ Hollywood Reporter: "Iconic El Royale Sells for Nearly $30 Million - The Los Angeles apartment building has been home to Hollywood luminaries from Clark Gable to Judd Apatow" by Joelle Katz October 8, 2012
  10. ^ Maurer, Mark. ""PMG, Hakim and Lorber get $213M refi for 1 QPS"". The Real Deal. Korangy Publishing. Retrieved August 8, 2017.
  11. ^ Maurer, Mark. ""Yoel Goldman, Hakim partner with PMG on one of Gowanus' biggest vacant sites"". The Real Deal. Korangy Publishing. Retrieved August 8, 2017.
  12. ^ Parker, Will; Maurer, Mark (May 3, 2018). "Shahal Khan, Kamran Hakim in contract to buy Plaza Hotel for $600M: sources". The Real Deal.
  13. ^ COL Live: "Chabad Midtown's Bar Mitzvah" December 6, 2009
  14. ^ Bloomberg News: "Iran-Born Billionaire Hakim Emerges With NYC Properties" by Caleb Melby September 29, 2014
  15. ^ Center for Jewish History - CJH Today Bulletin: "Real Estate Event Builds Community Connections" Summer 2008
  16. ^ New York Times: "WEDDINGS; Catherine Hakim, Adam Brodsky" by March 15, 1998
  17. ^ The Jewish Museum: "Museum Council Members" Archived December 24, 2013, at the Wayback Machine retrieved December 23, 2013
  18. ^ Center for Jewish History Bulletin September 2008
  19. ^ ICRF International Board of Trustees retrieved December 23, 2013
  20. ^ WAG Magazine: "Fit to ride" by Georgette Gouveia 2013
  21. ^ The Journal News Media Group: "Old Salem Farm, Hudson Valley jump into equestrian spotlight with prestigious Gold Cup" by Rob Ryser September 8, 2012
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