Kamran Hakim

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

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

Biography

Hakim was born to an Iranian 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. 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. 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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