31 Facts About Thor Equities

Thor Equities is a real estate development, leasing and management firm, with headquarters in New York City, London and Mexico City.

Thor Equities owns property in the United States, Canada, Europe, Russia, India and Latin America, including London's historic Burlington Arcade and the Palmer House Hilton.

In New York City, Thor owns retail, office and residential properties on Fifth Avenue and Madison Avenue as well as in SoHo, Flatiron, the Meatpacking District, and Brooklyn including Coney Island.

Thor Equities has investments in major US cities including San Francisco's Union Square; Georgetown in Washington, DC ; Robertson Boulevard in West Hollywood; Collins Avenue; Lincoln Road; Wynwood and the Design District in Miami.

Thor Equities offers investment vehicles for institutional investors through its Thor Equities Urban Property Funds.

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Thor Equities has several subsidiary companies including retail advisory and tenant representation firm Thor Retail Advisors.

Thor Equities's first investment was a property sold at tax auction on East Tremont Avenue in the Bronx, a chronically under served retail area, where he built a one-story retail structure with money from family and friends.

Thor Equities proceeded to secure national retailers Rite Aid Pharmacy and Payless Shoes after convincing them of the value of this location.

Thor Equities is a global full service real estate development and investment company specializing in acquisitions, financial management, development, property management, and leasing.

Thor Equities specializes in value-added investments in retail, hotels and mixed-use urban projects.

In recent years, Thor Equities has expanded its holdings internationally to include properties in cities like Mexico City, London, Paris, Montreal, Cannes, Milan and Madrid.

Thor Equities acquired London's iconic Burlington Arcade in 2010 for £104 million.

In 2012, Thor Equities acquired a major retail property at 65 Boulevard de la Croisette in Cannes, France.

In February 2015, Thor Equities acquired a retail property at 777 Saint Catherine Street in Montreal, a historical building located in Montreal's shopping corridor that is currently occupied by Banana Republic.

In 2015 and 2016, Thor Equities expanded its European holdings with the acquisition of 9 Puerta del Sol and 11 Puerta del Sol in Madrid, and 26 Via della Spiga in Milan.

Thor Equities owns several luxury retail properties in Mexico City on Avenida Presidente Masaryk, and has attracted such retailers as Gucci and Salvatore Ferragamo.

Thor Equities is a major retail property owner on New York's Fifth Avenue and Madison Avenue.

Thor Equities has made significant investments in the Meatpacking District, betting on the area to continue its climb as a premier retail destination in Manhattan, driven in part by the High Line and arrival of the new Whitney Museum.

Thor Equities is heavily active in New York's SoHo area and owns numerous properties in the district.

In 2014 and 2015, Thor Equities purchased a number of residential buildings in Manhattan including 98 Morningside Avenue and 838 West End Avenue, as well as a portfolio of more than two dozen apartment buildings such as 250 West 19th Street.

Thor Equities owns a large portfolio of Brooklyn properties located in Brooklyn Heights, Cobble Hill, Boerum Hill, Downtown Brooklyn, Williamsburg, and Red Hook.

Later in 2005, Thor Equities announced plans to build the first tower at the site known as City Point.

Thor Equities then reinvested in more land on Coney Island along Stillwell Avenue as well as some Boardwalk property including Astroland.

In May 2015, Thor Equities unveiled Coney Art Walls, a public art wall project curated by former director of the Museum of Contemporary Art Jeffrey Deitch and Thor CEO Joseph Sitt.

Thor Equities bought the historic Palmer House Hilton Hotel in Chicago's Loop area in 2005 for $230 million and undertook an award-winning $150 million renovation.

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Thor Equities owns the landmarked Phelan Building, a Victorian-style steel-framed structure reminiscent of New York's Flatiron building, at 760 Market Street in San Francisco.

Thor Equities acquired the property in 2008 from the Westcore Group.

Thor Retail Advisors, led by CEO Joseph Sitt, is an affiliate of Thor Equities that provides tenant representation, brokerage and advisory services to retailers.

Thor Equities has offices in New York, London, Paris, and Mexico City.

Thor Equities was instrumental in helping restore Restoration Plaza, the neighborhood's Town Square and the BSRC's main asset, and bringing to the area more retail options including its first family sit-down restaurant and supermarket.

Thor Equities serves on the board of the Real Estate Roundtable in Washington DC, the Department of Real Estate at Baruch College, and is a member of the Partnership for New York City.