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Nahla Capital

Full company profile

uuid0008x1j

Namestring
Nahla Capital
Legal namestring
Nahla Capital
Company typeenum
Private
Founded yearint
2014
Descriptiontext

Nahla Capital is a New York-based real estate private equity firm founded in 2014 by Genghis Hadi (Co-Founder and Managing Principal) that invests in and develops luxury residential, hospitality, mixed-use, and select commercial assets in primary U.S. gateway cities — New York, Los Angeles, Miami, San Francisco, Chicago, Austin, and Philadelphia. The firm manages over $3 billion in equity assets under management plus a $305 million credit platform and has deployed approximately $600 million of cumulative equity since inception. Core products are ground-up and repositioned luxury condominiums developed in partnership with branded hotel operators (notably Rosewood Hotels & Resorts) and architect-led design (Tadao Ando, Thomas Juul-Hansen, Studio Sofield/Bill Sofield, Lucien Lagrange); current and recent projects include Rosewood Residences Beverly Hills, 1122 Madison Avenue, The Raleigh Miami Beach, 152 Elizabeth, 221 West 77th, 50 West Oak, 2000 Market Street, Austin Proper Hotel and Residences, and San Francisco Multifamily.

The firm monetizes assets through property appreciation, rental income, and exit proceeds, with revenue streams derived from asset management fees, performance fees on realizations, and credit platform income; luxury units are individually negotiated, with visible transaction values ranging from $16.3 million to $89.5 million. Nahla raises capital from global private clients and institutional investors and distributes product through exclusive sales representation agreements with Compass Development Marketing Group and direct developer sales offices. Its competitive position rests on branded-residential partnerships (Rosewood), an architect pedigree, and a track record of presale absorption that materially exceeds comparable luxury developments — Rosewood Beverly Hills achieved 50% presales (first LA condo to do so in over a decade) and 1122 Madison Avenue placed 18 of 26 units into contract within months of launch. The firm's team is lean (1-10 employees) and operates from a single New York headquarters at 645 Madison Avenue.

Short descriptiontext

Nahla Capital is a New York-based real estate private equity firm founded in 2014 that develops and invests in branded luxury residential, hospitality, and mixed-use assets in major U.S. gateway cities, serving ultra-high-net-worth buyers and institutional investors with over $3 billion in assets under management.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
real estate private equity, luxury residential development, commercial real estate investment, urban property investment, hospitality real estate
Industry1 code
1Corporate Strategic Real Assets & Infrastructure Venture Investing
CodeFSANAHANPrimaryYes
NAICS code2 codes
  • Other Financial Investment Activities5239
  • All Other Financial Investment Activities52399
SIC code2 codes
  • Investors, Nec6799
  • Real Estate Dealers (For Their Own Account)6532
Product category
Real Estate Private Equity
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Asset Management & Investment Returns
TypeOne Time License
Description

Nahla Capital generates returns through investing in real estate assets across the value chain including retail with long-term income, residential transactions in Class A locations, value-add repositioning, ground-up opportunistic construction, and debt/mezzanine investments. Returns come from property appreciation, rental income, and exit proceeds upon sale.

nahlacapital.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Supply Chain, Marketing or Sales, Others
Pricing details1 tier
1Luxury real estate - individual unit pricing varies by project and unit
ModelUnit PricingBilling cadenceMulti-year contract
Notes

Rosewood Residences Beverly Hills units sold from $16.3 million to $37.5 million; 1122 Madison Avenue units include $89.5 million penthouse, $39 million unit, and $30 million penthouses

nahlacapital.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Nahla Capital is a New York-based real estate private equity firm that invests and manages capital in core urban markets across the United States. The firm develops, acquires, and operates a diversified portfolio of luxury residential, mixed-use, hospitality, multifamily, office, and retail properties, deploying capital across debt, core, value-add, and opportunistic transactions for global private clients and institutional investors.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 50% of Rosewood Residences Beverly Hills sold during presale phase - first LA project to achieve this in over a decade
+1 more record
Product overview1 text field

Nahla Capital is a New York-based real estate private equity firm managing over $3 billion in assets under management. The firm invests across a diversified portfolio of residential, commercial, retail, and hospitality properties in major U.S. gateway cities including New York, Los Angeles, Miami, San Francisco, Chicago, Austin, and Philadelphia. The portfolio includes core residential products (luxury condominiums like Rosewood Residences Beverly Hills, 1122 Madison Avenue, 152 Elizabeth, 221 West 77th, 50 West Oak), mixed-use developments (The Raleigh Miami Beach, Austin Proper Hotel and Residences), commercial properties (2000 Market Street office), multifamily assets, and retail holdings. Nahla Capital follows an investment strategy spanning debt, core, value-add, and opportunistic transactions, focusing on supply-demand imbalances in prime urban submarkets.

Product and service3 records
1Rosewood Residences Beverly Hills
CategoryLuxury Residential Real Estate
Description

A 17-unit boutique luxury condominium project in the heart of Beverly Hills, designed by Thomas Juul-Hansen, featuring approximately 74,000 SF of residential space and 12,000 SF of retail. Rosewood Hotels & Resorts' first standalone residential offering in the U.S., targeted at ultra-high net worth buyers seeking branded luxury.

21122 Madison Avenue
CategoryLuxury Residential Real Estate
Description

A 26-residence luxury condominium on Manhattan's Upper East Side, designed by Studio Sofield. The 22-story building features an Indiana limestone façade with sculpted stone reliefs and is located one block from Central Park, targeted at ultra-high net worth buyers.

3The Raleigh, Miami
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
Strategic tierMinorTypeOthersAnnounced on2026-03-03
Description

Wellness brand signed 25-year lease for 55,000 SF at 6400 Sunset Boulevard property owned by Nahla Capital and GPI Companies, establishing first West Coast flagship spa.

Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2026-02-02
Description

Leading sales and marketing agent for The Raleigh Miami Beach project, replacing Sotheby's International Realty. Compass beat competitors including Douglas Elliman and Corcoran Group to secure the sales exclusive.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Co-developer of Rosewood Residences Beverly Hills and 6400 Sunset Boulevard projects with Nahla Capital. GPI Companies is recognized for innovative and high-end urban developments, partnering on luxury residential and retail projects in Los Angeles.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Development partner with Nahla Capital on 1122 Madison Avenue project on Manhattan's Upper East Side. Legion Investment Group and Nahla secured top two Manhattan luxury condo deals at the development.

Strategic tierFlagshipTypeOEM/ Whitelabel/ Licensing Partner
Description

Luxury hotel brand licensing Rosewood name for Rosewood Residences Beverly Hills and Raleigh Miami Beach projects. First standalone residential developments for Rosewood brand in California and Miami.

Strategic tierMinorTypeImplementation/ SI/ Consulting Partner
Description

Commercial real estate brokerage representing landlords Nahla Capital and GPI Companies in Bathhouse lease negotiations at 6400 Sunset Boulevard.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

One of the largest US real estate developers with deep luxury condominium, mixed-use, and affordable housing exposure across gateway cities. Comparable to Nahla Capital because both pursue large-scale ground-up luxury residential and mixed-use developments in NYC, LA, and Miami with institutional capital partners.

TypeDirect peer
Description

New York-based real estate developer specializing in trophy ground-up luxury condominium and mixed-use projects such as 111 West 57th Street and The Brooklyn Tower. Highly comparable to Nahla Capital in both product type (super-luxury branded condo in NYC and gateway US markets) and target buyer (ultra-high-net-worth).

TypeBroad incumbent
Description

Multi-generational real estate firm with significant NYC and nationwide luxury residential, office, and mixed-use holdings. Comparable to Nahla in its pursuit of high-end residential product in Manhattan and gateway cities at the upper end of the price band.

TypeDirect peer
Description

Real estate and infrastructure owner-operator with vertically integrated investment platform spanning urban infill, multifamily, office, and hospitality across LA, NYC, and other gateway cities. Closely comparable to Nahla for its urban-core, value-add through opportunistic strategy and similar geographic focus.

TypeBroad incumbent
Description

Public REIT concentrated in Manhattan trophy office and high-end retail assets. Comparable to Nahla's commercial and luxury real estate exposure in NYC and gateway markets, though at much larger scale and with a public capital structure.

TypeBroad incumbent
Description

Global real estate investor and developer with deep presence in NYC, LA, and San Francisco office, residential, and life sciences product. Comparable in its gateway-city luxury and Class A development focus and similar institutional capital-raising model.

TypeDirect peer
Description

NYC-focused developer known for ultra-luxury condominium towers including 432 Park Avenue and 111 Murray Street. Directly comparable to Nahla Capital in trophy Manhattan residential product targeting the same UHNW buyer demographic.

TypeDirect peer
Description

NYC-based luxury residential developer behind The Woolworth Tower Residences and other trophy Manhattan condo projects. Comparable to Nahla for ultra-luxury Manhattan condominium focus and branded-service positioning.

TypeDirect peer
Description

Luxury real estate developer and investor focused on trophy hospitality and residential assets in NYC and Miami Beach. Directly comparable to Nahla Capital — Nahla acquired The Raleigh Miami Beach from Shvo for $270M, indicating highly overlapping product type, geography, and buyer base.

TypeDirect peer
Description

New York-based residential real estate developer with luxury and high-end multifamily portfolio across Manhattan. Comparable to Nahla for its gateway-city residential focus and institutional-quality development approach.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Nahla Capital

Real Estate Private Equitynahlacapital.com

Nahla Capital is a New York-based real estate private equity firm founded in 2014 that develops and invests in branded luxury residential, hospitality, and mixed-use assets in major U.S. gateway cities, serving ultra-high-net-worth buyers and institutional investors with over $3 billion in assets under management.

What Nahla Capital does

Nahla Capital is a New York-based real estate private equity firm founded in 2014 by Genghis Hadi (Co-Founder and Managing Principal) that invests in and develops luxury residential, hospitality, mixed-use, and select commercial assets in primary U.S. gateway cities — New York, Los Angeles, Miami, San Francisco, Chicago, Austin, and Philadelphia. The firm manages over $3 billion in equity assets under management plus a $305 million credit platform and has deployed approximately $600 million of cumulative equity since inception. Core products are ground-up and repositioned luxury condominiums developed in partnership with branded hotel operators (notably Rosewood Hotels & Resorts) and architect-led design (Tadao Ando, Thomas Juul-Hansen, Studio Sofield/Bill Sofield, Lucien Lagrange); current and recent projects include Rosewood Residences Beverly Hills, 1122 Madison Avenue, The Raleigh Miami Beach, 152 Elizabeth, 221 West 77th, 50 West Oak, 2000 Market Street, Austin Proper Hotel and Residences, and San Francisco Multifamily.

The firm monetizes assets through property appreciation, rental income, and exit proceeds, with revenue streams derived from asset management fees, performance fees on realizations, and credit platform income; luxury units are individually negotiated, with visible transaction values ranging from $16.3 million to $89.5 million. Nahla raises capital from global private clients and institutional investors and distributes product through exclusive sales representation agreements with Compass Development Marketing Group and direct developer sales offices. Its competitive position rests on branded-residential partnerships (Rosewood), an architect pedigree, and a track record of presale absorption that materially exceeds comparable luxury developments — Rosewood Beverly Hills achieved 50% presales (first LA condo to do so in over a decade) and 1122 Madison Avenue placed 18 of 26 units into contract within months of launch. The firm's team is lean (1-10 employees) and operates from a single New York headquarters at 645 Madison Avenue.

Nahla Capital firmographics

Firmographics
Name
Nahla Capital
Legal name
Nahla Capital
Website
http://www.nahlacapital.com
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
1–10 employees
Short description
Nahla Capital is a New York-based real estate private equity firm founded in 2014 that develops and invests in branded luxury residential, hospitality, and mixed-use assets in major U.S. gateway cities, serving ultra-high-net-worth buyers and institutional investors with over $3 billion in assets under management.
Ownership category
akta.pro rank

Nahla Capital industry classification

Industry
Product category
Real Estate Private Equity
NAICS
Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399)
SIC
Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)
akta.pro primary industry
Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

  • Real estate private equity
  • Luxury residential development
  • Commercial real estate investment
  • Urban property investment
  • Hospitality real estate

Where Nahla Capital is headquartered

Location

Headquarters

HQ city
New York
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Nahla Capital business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

  1. Asset Management & Investment Returns: Nahla Capital generates returns through investing in real estate assets across the value chain including retail with long-term income, residential transactions in Class A locations, value-add repositioning, ground-up opportunistic construction, and debt/mezzanine investments. Returns come from property appreciation, rental income, and exit proceeds upon sale.

Pricing tiers

ModelBillingPrice
Unit PricingMulti-year contractLuxury real estate - individual unit pricing varies by project and unit

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Nahla Capital product offering

Product offering

Core offering

Nahla Capital is a New York-based real estate private equity firm that invests and manages capital in core urban markets across the United States. The firm develops, acquires, and operates a diversified portfolio of luxury residential, mixed-use, hospitality, multifamily, office, and retail properties, deploying capital across debt, core, value-add, and opportunistic transactions for global private clients and institutional investors.

Product overview

Nahla Capital is a New York-based real estate private equity firm managing over $3 billion in assets under management. The firm invests across a diversified portfolio of residential, commercial, retail, and hospitality properties in major U.S. gateway cities including New York, Los Angeles, Miami, San Francisco, Chicago, Austin, and Philadelphia. The portfolio includes core residential products (luxury condominiums like Rosewood Residences Beverly Hills, 1122 Madison Avenue, 152 Elizabeth, 221 West 77th, 50 West Oak), mixed-use developments (The Raleigh Miami Beach, Austin Proper Hotel and Residences), commercial properties (2000 Market Street office), multifamily assets, and retail holdings. Nahla Capital follows an investment strategy spanning debt, core, value-add, and opportunistic transactions, focusing on supply-demand imbalances in prime urban submarkets.

Differentiator

Problem solved

Functional benefit

Products and services

  • Rosewood Residences Beverly Hills A 17-unit boutique luxury condominium project in the heart of Beverly Hills, designed by Thomas Juul-Hansen, featuring approximately 74,000 SF of residential space and 12,000 SF of retail. Rosewood Hotels & Resorts' first standalone residential offering in the U.S., targeted at ultra-high net worth buyers seeking branded luxury.
  • 1122 Madison Avenue A 26-residence luxury condominium on Manhattan's Upper East Side, designed by Studio Sofield. The 22-story building features an Indiana limestone façade with sculpted stone reliefs and is located one block from Central Park, targeted at ultra-high net worth buyers.
  • The Raleigh, Miami

Quantifiable outcome

  • 50% of Rosewood Residences Beverly Hills sold during presale phase - first LA project to achieve this in over a decade
  • +1 more outcomes

Companies that use Nahla Capital

Customer profile

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Nahla Capital technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Nahla Capital partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered minor, core and flagship.

  • BathhouseminorOthers · 3 March 2026Wellness brand signed 25-year lease for 55,000 SF at 6400 Sunset Boulevard property owned by Nahla Capital and GPI Companies, establishing first West Coast flagship spa.
  • CompasscoreChannel Partner/ Reseller/ Distributor · 2 February 2026Leading sales and marketing agent for The Raleigh Miami Beach project, replacing Sotheby's International Realty. Compass beat competitors including Douglas Elliman and Corcoran Group to secure the sales exclusive.
  • GPI CompaniescoreStrategic or Co-development PartnerCo-developer of Rosewood Residences Beverly Hills and 6400 Sunset Boulevard projects with Nahla Capital. GPI Companies is recognized for innovative and high-end urban developments, partnering on luxury residential and retail projects in Los Angeles.
  • Legion Investment GroupcoreStrategic or Co-development PartnerDevelopment partner with Nahla Capital on 1122 Madison Avenue project on Manhattan's Upper East Side. Legion Investment Group and Nahla secured top two Manhattan luxury condo deals at the development.
  • Rosewood Hotels & ResortsflagshipOEM/ Whitelabel/ Licensing PartnerLuxury hotel brand licensing Rosewood name for Rosewood Residences Beverly Hills and Raleigh Miami Beach projects. First standalone residential developments for Rosewood brand in California and Miami.
  • CBREminorImplementation/ SI/ Consulting PartnerCommercial real estate brokerage representing landlords Nahla Capital and GPI Companies in Bathhouse lease negotiations at 6400 Sunset Boulevard.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Nahla Capital competitors and assessment

Company assessment

Broad incumbents

  • The Related Companies: One of the largest US real estate developers with deep luxury condominium, mixed-use, and affordable housing exposure across gateway cities. Comparable to Nahla Capital because both pursue large-scale ground-up luxury residential and mixed-use developments in NYC, LA, and Miami with institutional capital partners.
  • Kushner Companies: Multi-generational real estate firm with significant NYC and nationwide luxury residential, office, and mixed-use holdings. Comparable to Nahla in its pursuit of high-end residential product in Manhattan and gateway cities at the upper end of the price band.
  • Vornado Realty Trust: Public REIT concentrated in Manhattan trophy office and high-end retail assets. Comparable to Nahla's commercial and luxury real estate exposure in NYC and gateway markets, though at much larger scale and with a public capital structure.
  • Tishman Speyer: Global real estate investor and developer with deep presence in NYC, LA, and San Francisco office, residential, and life sciences product. Comparable in its gateway-city luxury and Class A development focus and similar institutional capital-raising model.

Direct peers

  • JDS Development Group: New York-based real estate developer specializing in trophy ground-up luxury condominium and mixed-use projects such as 111 West 57th Street and The Brooklyn Tower. Highly comparable to Nahla Capital in both product type (super-luxury branded condo in NYC and gateway US markets) and target buyer (ultra-high-net-worth).
  • CIM Group: Real estate and infrastructure owner-operator with vertically integrated investment platform spanning urban infill, multifamily, office, and hospitality across LA, NYC, and other gateway cities. Closely comparable to Nahla for its urban-core, value-add through opportunistic strategy and similar geographic focus.
  • Macklowe Properties: NYC-focused developer known for ultra-luxury condominium towers including 432 Park Avenue and 111 Murray Street. Directly comparable to Nahla Capital in trophy Manhattan residential product targeting the same UHNW buyer demographic.
  • HFZ Capital Group: NYC-based luxury residential developer behind The Woolworth Tower Residences and other trophy Manhattan condo projects. Comparable to Nahla for ultra-luxury Manhattan condominium focus and branded-service positioning.
  • Shvo (Michael Shvo): Luxury real estate developer and investor focused on trophy hospitality and residential assets in NYC and Miami Beach. Directly comparable to Nahla Capital — Nahla acquired The Raleigh Miami Beach from Shvo for $270M, indicating highly overlapping product type, geography, and buyer base.
  • Brodsky Organization: New York-based residential real estate developer with luxury and high-end multifamily portfolio across Manhattan. Comparable to Nahla for its gateway-city residential focus and institutional-quality development approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Nahla Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Nahla Capital leadership team

Management profile

Number of profiles

Profiles1 record

Nahla Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Nahla Capital M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nahla Capital

What does Nahla Capital do?

Nahla Capital is a New York-based real estate private equity firm that invests and manages capital in core urban markets across the United States. The firm develops, acquires, and operates a diversified portfolio of luxury residential, mixed-use, hospitality, multifamily, office, and retail properties, deploying capital across debt, core, value-add, and opportunistic transactions for global private clients and institutional investors.

Is Nahla Capital a public or private company?

Nahla Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Nahla Capital founded?

Nahla Capital was founded in 2014. It employs 1 to 10 people.

Where is Nahla Capital based?

Nahla Capital is headquartered in New York, United States, in the North America region.

How does Nahla Capital make money?

One revenue line is on record: asset Management & Investment Returns.

Who are Nahla Capital's main competitors?

Broad incumbents on record are The Related Companies, Kushner Companies, Vornado Realty Trust and Tishman Speyer. Direct peers are JDS Development Group, CIM Group, Macklowe Properties, HFZ Capital Group, Shvo (Michael Shvo) and Brodsky Organization.

Does Nahla Capital have an API?

No public API is recorded for Nahla Capital.

What industry is Nahla Capital in?

Nahla Capital's product category is Real Estate Private Equity. Its primary akta.pro industry code is FSANAHAN, Corporate Strategic Real Assets & Infrastructure Venture Investing. Its NAICS code is 5239 and its SIC code is 6799.

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Live signals
The Real DealLegion, Nahla Capital snag buyer for $41M unit as UES project nears selloutLegion Investment Group and Nahla Capital have secured a buyer for a $40.5 million unit at their 1122 Madison Avenue Upper East Side development, with the 19th-floor condo becoming the priciest among 26 Manhattan properties to enter contract last week. The 26-unit building, which launched sales in January, has 24 units sold with only two remaining at just under $39 million each and expects completion in fall 2027. A separate transaction at 150 West 12th Street's Greenwich Lane complex also closed, with a duplex condo selling for just under $19 million.The Real DealManhattan logs just one contract for $10M+Manhattan's luxury real estate market saw only one home priced above $10 million enter contract between July 6–12, the lowest total in more than six months, according to Olshan Realty's weekly report. The most expensive contract was for a condo at 1122 Madison Avenue, developed by Legion Investment Group and Nahla Capital, with an asking price of $21.8 million. Of 29 homes priced $4 million or more that went under contract, the combined deal value reached $182 million with an average of $6.3 million.The Real DealNahla’s $1B Raleigh Miami Beach expansion proposal secures blessing from board despite height concernsNahla Capital received a 5-1 recommendation for approval from the Miami Beach Planning Board on Tuesday for comprehensive plan and code amendments that would increase the floor area ratio to 2.5 from 2.0, adding over 66,000 square feet via two additional floors to the proposed Raleigh Miami Beach luxury condo and hotel project. The amendments would allow the developer to proceed with 52 condos and fewer than 80 hotel rooms, requiring approximately $1 billion in total investment for the 3-acre oceanfront site that Nahla acquired for $270 million in October. The project still requires final approval from the Miami Beach City Commission and the city's historic preservation board, with some board members and the nearby Shelborne hotel owner expressing concerns that the 200-foot height is out of scale with the neighborhood.Commercial ObserverWellness Brand Bathhouse to Bring 55K-SF Spa to HollywoodWellness brand Bathhouse has signed a 25-year lease for nearly 55,000 square feet at 6400 Sunset Boulevard in Hollywood, California, the former Amoeba Records location, establishing its first West Coast flagship spa. The deal involves landlords Nahla Capital and GPI Companies, with CBRE's Greg Briest, Houman Mahboubi and Marisa Renfro representing the landlords in negotiations. Bathhouse currently operates two locations in Manhattan and Williamsburg, Brooklyn, offering spa treatments, saunas, steam rooms and thermal pools.The Real DealLegion, Nahla’s 1122 Madison snag Manhattan’s top two dealsLegion Investment Group and Nahla Capital's luxury condo development at 1122 Madison Avenue on Manhattan's Upper East Side recorded the two most expensive sales in Manhattan during the week of Feb. 9–15, with the 18th-floor unit priced at $39 million and the 16th-floor at $36.5 million. The developers acquired the six parcels for the site between 2019 and early 2024 for $95 million and secured $195 million in construction financing from Deutsche Bank JVP Management in August 2024. The 26-unit building, with amenities including a squash court, cold plunge pool, and billiards room, is slated for completion in fall 2027.The Real DealNahla Capital taps Compass to lead sales of the Raleigh Miami BeachNahla Capital, a New York-based private equity firm led by Genghis Hadi, acquired the 3-acre oceanfront development site at 1775, 1757 and 1751 Collins Avenue in Miami Beach in October for $270 million, which includes the historic Raleigh hotel. The firm has now hired Compass to lead sales and marketing for the planned luxury condo and hotel project, replacing One Sotheby's International Realty that previously handled sales, with a team of five Compass agents including Miltiadis Kastanis, Pablo Alfaro, Ivan Chorney, Michael Martirena and Liz Hogan. Compass beat out competitors likely including Douglas Elliman and the Corcoran Group to secure the sales exclusive.The Real DealMiami’s biggest hotel deals of the year were $200M teardownsSouth Florida's top 10 hotel transactions in 2025 totaled over $960 million, marking a significant decline from the $1.5 billion volume recorded in 2024 despite continued investor interest in luxury and resort properties. Major deals included Terra and Fortune International Group acquiring Silver Sands Beach Resort for $205 million, Nahla Capital purchasing Michael Shvo’s Art Deco hotel for $204.1 million, and Blackstone buying EAST Miami for $147.8 million. The market activity highlights shifting dynamics among institutional investors, private equity firms, and developers amid rising financing costs.The Real DealShvo loses Raleigh Miami Beach in $270M sale to Nahla CapitalNew York-based private equity firm Nahla Capital has acquired the Raleigh Miami Beach property for approximately $270 million from developer Michael Shvo and his partners, marking Shvo's exit from the Miami Beach market. JVP Management provided $250 million in financing for the acquisition and development work, while Newmark's Adam Spies and Marcella Fasulo arranged the sale. The original partnership, which included Deutsche Finance America and German pension funds, paid $243 million for the Raleigh assemblage in 2019.BloombergMiami Beach Developers Sell Waterfront Site for $270 MillionNahla Capital, a New York-based investment firm, bought the Raleigh hotel and condo development in Miami Beach for roughly $270 million. The deal closed this week and includes three sites on Collins Ave spanning over 3 acres in the Art Deco district.Business InsiderMichael Shvo's long-stalled Miami Beach hotel and condo project attracts potential new buyerNahla Capital, a New York-based residential builder, has won a bidding process to purchase The Raleigh hotel and condo development project in Miami Beach's Art Deco district for around $275 million. The six-year stalled project carries $190 million in debt, which BH3, the project's lender, recently extended by three months to allow the transaction to proceed. Developer Michael Shvo, who acquired the property in 2019 for roughly $243 million, is attempting to match the offer using his first right of refusal to retain control.