Kamran Hakim Explained

Kamran Hakim
Birth Place:Tehran, Iran
Nationality:American
Occupation:Real estate developer
Known For:Founder of the Hakim Organization
Spouse:Ellen Manocherian

Kamran Hakim (Persian: کامران حکیم; born 1941) is an American multibillionaire real estate businessman of Iranian Jewish descent.[1] He is 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.[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. 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. 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, 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. 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]

Notes and References

  1. http://therealdeal.com/issues_articles/the-quiet-players/ The Real Deal: "Quiet players - Meet some New York City empire builders who shun the spotlight" by Gabby Warshawer
  2. http://www.bizjournals.com/losangeles/news/2012/10/08/el-royale-apartments-sell-for-30.html "El Royale apartments sell for $30 million: report"
  3. Web site: Adam . Pincus . Clans with plans . The Real Deal. February 1, 2011. The Wayback Machine. https://web.archive.org/web/20160304075701/https://therealdeal.com/issues_articles/clans-with-plans/. March 4, 2016.
  4. http://hakimorg.net/ Hakim Organization website
  5. News: Andrea . Cetra. CitySites launches management group . The Real Deal. October 1, 2012 .
  6. http://www.cityrealty.com/nyc/murray-hill/the-anthem-222-east-34th-street/review/27141 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. https://online.wsj.com/news/articles/SB10001424052970204840504578089160651281902 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
  9. http://www.hollywoodreporter.com/news/iconic-el-royale-sells-30-million-377105 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
  10. Web site: Maurer. Mark. "PMG, Hakim and Lorber get $213M refi for 1 QPS". The Real Deal. Korangy Publishing. 8 August 2017.
  11. Web site: Maurer. Mark. "Yoel Goldman, Hakim partner with PMG on one of Gowanus' biggest vacant sites". The Real Deal. Korangy Publishing. 8 August 2017.
  12. News: Will . Parker . Mark . Maurer . Shahal Khan, Kamran Hakim in contract to buy Plaza Hotel for $600M: sources . The Real Deal. May 3, 2018 .
  13. http://www.collive.com/show_news.rtx?id=6563 COL Live: "Chabad Midtown's Bar Mitzvah"
  14. https://www.bloomberg.com/news/articles/2014-09-29/iranborn-billionaire-hakim-emerges-with-nyc-properties Bloomberg News: "Iran-Born Billionaire Hakim Emerges With NYC Properties" by Caleb Melby
  15. http://www.cjh.org/cjh_today/2008_ss.pdf Center for Jewish History - CJH Today Bulletin: "Real Estate Event Builds Community Connections"
  16. https://www.forbes.com/sites/luisakroll/2021/11/28/north-salem-billionaires-dirt-road-wes-edens-jamie-dinan-larry-fink-georgina-bloomberg-david-letterman-richard-gere-andmore/?sh=16a003c33bef
  17. News: Charles . Eleanor . 1982-05-16 . WESTCHESTER GUIDE; PAUL NEWMAN'S PLACE . en-US . The New York Times . 2023-03-02 . 0362-4331.
  18. http://www.thejewishmuseum.org/MuseumCouncilMembers The Jewish Museum: "Museum Council Members"
  19. http://www.cjh.org/cjh_today/2008_ss.pdf Center for Jewish History Bulletin
  20. http://www.icrfonline.org/international-board ICRF International Board of Trustees

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