Kamran Hakim

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Kamran Hakim
Born Iran
Nationality United States
Occupation real estate developer
Known for founder of the Hakim Organization
Spouse(s) Ellen Manocherian
Children Scott Hakim
Wendy Hakim Jaffe
Catherine Hakim Brodsky

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

Biography[edit]

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]

Hakim owns a portfolio of over 200 buildings[5] worth in excess of $1.0 billion of rental properties in New York City with a concentration on the Upper West Side and the Upper East Side of New York City.[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 Mid-town 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][10] In January 2013, he announced that he will begin construction on a 40 story apartment tower in Long Island City.[11]

Personal life[edit]

Hakim practices Judaism[12] and is married to Ellen Manocherian of the Manocherian family, a prominent real estate development family in New York City.[13] They have three children: Scott Hakim,[6] Wendy Hakim Jaffe,[14] and Catherine Hakim Brodsky.[15] He avoids publicity and prefers to operate behind the scenes.[1] He is a supporter of the Jewish Museum in Manhattan[16] and the Center for Jewish History.[17] He is on the board of International Trustees for the Israel Cancer Relief Fund.[18] Hakim owns the horse-show venue Old Salem Farm in the Hudson Valley, New York.[19][20]

References[edit]

  1. ^ a b c d e The Real Deal: "Quiet players - Meet some New York City empire builders who shun the spotlight" by Gabby Warshawer September 01, 2009
  2. ^ Los Angeles Business Journal: "El Royale apartments sell for $30 million: report" October 9, 2012
  3. ^ The Real Deal: "Clans with plans" By Adam Pincus February 01, 2011
  4. ^ Hakim Organization website retrieved December 23, 2013
  5. ^ The Real Deal: "CitySites launches management group" By Andrea Cetra October 01, 2012
  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 08, 2012
  10. ^ Los Angeles Times: "Celebrity magnet El Royale tower said to sell for record price" By Roger Vincent October 07, 2012
  11. ^ Real Estate Buzz Newsletter: "40-story rental tower coming to Eagle Electric site in Long Island City" January 29, 2013
  12. ^ COL Live: "Chabad Midtown's Bar Mitzvah" December 6, 2009
  13. ^ Bloomberg News: "Iran-Born Billionaire Hakim Emerges With NYC Properties" by Caleb Melby September 29, 2014
  14. ^ Center for Jewish History - CJH Today Bulletin: "Real Estate Event Builds Community Connections" Summer 2008
  15. ^ New York Times: "WEDDINGS; Catherine Hakim, Adam Brodsky" by March 15, 1998
  16. ^ The Jewish Museum: "Museum Council Members" retrieved December 23, 2013
  17. ^ Center for Jewish History Bulletin September 2008
  18. ^ ICRF International Board of Trustees retrieved December 23, 2013
  19. ^ WAG Magazine: "Fit to ride" by Georgette Gouveia 2013
  20. ^ The Journal News Media Group: "Old Salem Farm, Hudson Valley jump into equestrian spotlight with prestigious Gold Cup" by Rob Ryser September 8, 2012