Kamran Hakim

Last updated

Kamran Hakim
BornJuly 1941 (1941-07) (age 82)
Kerman, Iran
NationalityAmerican
OccupationReal estate developer
Known forFounder of the Hakim Organization
SpouseEllen Manocherian
Children
  • Scott Hakim
  • Wendy Hakim Jaffe
  • Catherine Hakim Brodsky

Kamran Hakim is an American multibillionaire real estate businessman of Iranian Jewish descent. [1] He is one of New York City's largest private landlords. [2]

Contents

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] He also owns 3,000 market-rate multifamily rental units in Los Angeles.

In 2003, he and his only son, Scott Hakim, erected the 480-unit 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] The acquisition did not end up happening.

Personal life

Hakim practices Judaism [13] and is married to Ellen Manocherian of the Manocherian family, a multibillionaire real estate development family in New York City. [14] They have four children: Scott Hakim, [6] , Pamela Hakim Small, Wendy Hakim Jaffe, [15] and Catherine Hakim Brodsky. He and his only son Scott also run Old Salem Farm, the most prestigious horse-show venue in North Salem, a town known as "Billionaires' Dirt Road". [16] Longtime clients and patrons include some of the world's foremost business leaders and entrepreneurs, including many residents of North Salem. Old Salem Farm was famously owned previously by actor Paul Newman and actress Joanne Woodward. [17] Kamran avoids publicity and prefers to operate behind the scenes. [1] He is a supporter of the Jewish Museum in Manhattan [18] and the Center for Jewish History. [19] He is on the board of International Trustees for the Israel Cancer Research Fund. [20]

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References

  1. 1 2 3 4 5 6 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. Archived from the original on March 4, 2016 – via The Wayback Machine.
  4. ↑ Hakim Organization website retrieved December 23, 2013
  5. ↑ Cetra, Andrea (October 1, 2012). "CitySites launches management group". The Real Deal .
  6. 1 2 City Realty: "Building Review: The Anthem (222 East 34th Street, between Second Avenue & Third Avenue)" by Carter Horsley
  7. ↑ RACHELLE GARBARINE. "Residential Real Estate; A Large Rental Building for the East Side of Midtown", nytimes.com. 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. ↑ December 20, 2022
  17. ↑ Charles, Eleanor (May 16, 1982). "WESTCHESTER GUIDE; PAUL NEWMAN'S PLACE". The New York Times. ISSN   0362-4331 . Retrieved March 2, 2023.
  18. ↑ The Jewish Museum: "Museum Council Members" Archived December 24, 2013, at the Wayback Machine retrieved December 23, 2013
  19. ↑ Center for Jewish History Bulletin September 2008
  20. ↑ ICRF International Board of Trustees retrieved December 23, 2013
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