What Midtown Equities does

Midtown Equities is a privately-held real estate investment and development company serving as the investment platform for the Cayre Family. The firm acquires, develops, leases, and manages properties across retail, office, residential, industrial, and hospitality sectors, maintaining a portfolio of over 100 properties encompassing more than 14 million square feet across five major US metropolitan markets: New York, Washington D.C., Miami, Chicago, and Los Angeles, with additional international investments.

The company's core business is structured around three revenue streams: recurring rental income from leasing commercial and residential properties, one-time sales proceeds from developed properties (notably luxury condominiums and mixed-use developments), and hospitality/event revenue from operated venues such as Casa Cipriani at the Battery Maritime Building. The firm differentiates through deep expertise in adaptive reuse of historic structures (Empire Stores, Battery Maritime Building, 660 Madison Avenue) and execution of large-scale mixed-use master plans (Midtown Miami, World Trade Center). Major tenant relationships span luxury brands (Hermes, Moncler, Giorgio Armani, Loro Piana, Fendi), financial institutions (HSBC, FiServ), mainstream retailers (Target, Nordstrom, Whole Foods), and hospitality operators (Cipriani, Soho House, Ritz-Carlton).

Midtown operates primarily through strategic joint ventures with institutional real estate partners including Silverstein Properties, SL Green, RXR Realty, Rockwood Capital, and Centaur Properties, supplemented by financial partnerships with lenders such as AIG, Square Mile Capital, Northwind Group, and Atlas Capital Group. Notable completed developments include Empire Stores in DUMBO (awarded ULI Global Awards for Excellence), Casa Cipriani, 452 Fifth Avenue (HSBC Tower), and the $2.3 billion Midtown Miami neighborhood. The firm is independently operated, not backed by institutional VC/PE, and has no disclosed subsidiaries or public listing.

Name

Midtown Equities

Legal name

Midtown Equities

Website

https://meqs.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Midtown Equities is a privately-held real estate investment and development firm and the Cayre Family's investment platform. It acquires, develops, leases, and manages over 100 properties spanning 14 million+ square feet across New York, Miami, Chicago, Washington D.C., and Los Angeles.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Real Estate Rental Income: Leasing and managing commercial and residential properties including office, retail, and residential units. Properties generate recurring rental income from tenants across various property types.
2. Property Sales and Development: Developing properties for sale including luxury condominiums and mixed-use developments. Revenue realized upon sale of completed developments.
3. Hospitality and Event Revenue: Operating hospitality venues including Casa Cipriani at Battery Maritime Building which includes event spaces, boutique hotel, and private membership clubs managed by Cipriani.

Distribution channels3 records

Marketing channels2 records

Core offering

Midtown Equities is a privately-held real estate investment and development company that acquires, develops, leases, and manages a portfolio of over 100 properties spanning more than 14 million square feet across retail, office, residential, industrial, and hospitality sectors. The firm focuses on adaptive reuse of historic buildings, large-scale mixed-use urban developments, and curating luxury brand tenant relationships across major US metropolitan markets including New York, Miami, Chicago, Los Angeles, and Washington D.C.

Product overview

Midtown Equities is a privately-held real estate investment and development company that serves as the investment platform for the Cayre Family. The firm maintains an exceptional portfolio of over 100 properties encompassing more than 14 million square feet in the retail, office, residential, industrial, and hospitality sectors. The company actively acquires, develops, leases, and manages properties ranging from urban redevelopment projects to commercial centers. Rather than a unified software product, Midtown Equities operates as a diversified real estate portfolio company with distinct property holdings including: Empire Stores (DUMBO office/retail), Battery Maritime Building/Casa Cipriani (hospitality), 1 Broadway (office), World Trade Center (mixed-use), various Manhattan retail and office properties (21 Ninth Ave, 33 Ninth Ave, 660 Madison Ave, 598 Madison Ave, 452 Fifth Ave), Brooklyn developments (200/205 Montague St, 66 Boerum Pl, 240 Bedford Ave), and major mixed-use projects (Midtown Miami, Ritz-Carlton properties in Baltimore and North Hills). The portfolio spans New York, Washington D.C., Miami, Chicago, and Los Angeles.

Differentiator

Problem solved

Functional benefit

Products and services

• Empire Stores A redevelopment of seven abandoned coffee warehouses at 55 Water Street in DUMBO, Brooklyn, offering approximately 380,000 square feet of creative office space and 60,000 square feet of retail/restaurant space along the Brooklyn waterfront. Tenants include Time Out Market and West Elm.
• Battery Maritime Building / Casa Cipriani A historic building redeveloped in partnership with Centaur Properties and Cipriani into a luxury destination featuring a 30,000-square-foot event space, 47-key boutique hotel, and private membership club with panoramic views of New York Harbor. Operated by Cipriani.
• One Broadway A landmarked office building in the Financial District being repositioned in partnership with Rockwood Capital, offering over 225,000 square feet of creative office and retail space with views of Battery Park and the Hudson River. Fully leased to FiServ with over $65 million invested in the space.
• World Trade Center A 16-acre mixed-use development in partnership with Silverstein Properties and Goldman families, comprising five iconic office towers with over 12.5 million rentable square feet, an 8-acre memorial plaza, and over 500,000 square feet of retail and dining.
• 240 Bedford Avenue

Named customers22 records

Segments3 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered flagship, core and major.

• Silverstein PropertiesflagshipStrategic or Co-development PartnerMidtown, in partnership with Silverstein Properties and the Goldman families of New York, acquired a 99-year leasehold interest in the World Trade Center. The new World Trade Center is a sprawling 16-acre mixed-use development composed of five iconic office towers with over 12.5 million rentable square feet, an 8-acre memorial plaza, and over half a million square feet of retail and dining.
• Rockwood CapitalcoreStrategic or Co-development PartnerMidtown, in a partnership with Rockwood Capital, is repositioning One Broadway, a landmarked building in Financial District. One Broadway will feature over 225,000 RSF of creative office and retail space with views of Battery Park, Hudson River, and Statue of Liberty.
• Centaur PropertiescoreStrategic or Co-development PartnerMidtown partnered with Centaur Properties and Cipriani to redevelop the historic Battery Maritime Building into Casa Cipriani, featuring event space, boutique hotel, and private membership club.
• CiprianicoreStrategic or Co-development PartnerCipriani partnered with Midtown and Centaur Properties to create the world's first Casa Cipriani at Battery Maritime Building. Cipriani manages and operates the building which includes event space, 47-key luxury boutique hotel, and private membership club.
• SL GreencoreStrategic or Co-development PartnerMidtown partnered with SL Green to acquire 141 Fifth Avenue, one of Downtown's premier buildings with mixed-use program including luxury condominiums, second storey office space, and prime ground floor retail.
• RXR RealtycoreStrategic or Co-development PartnerMidtown Equities acquired a 17.5 acre site in the early 2000s in partnership with RXR Realty to develop the Ritz-Carlton North Hills, the brand's first luxury-brand, full-service residential development in Long Island.
• Goldman Families of New YorkflagshipStrategic or Co-development PartnerPartnership with Silverstein Properties and Goldman Families of New York for the World Trade Center 99-year leasehold interest acquisition and development.
• Landau PropertiesmajorStrategic or Co-development PartnerOne of three developers (along with Third Millennium Group and Midtown Equities) that secured $113M loan and $25M preferred equity for the $500M 205 Montague Street Brooklyn Heights development.
• Third Millennium GroupmajorStrategic or Co-development PartnerOne of three developers (along with Landau Properties and Midtown Equities) that secured $113M loan and $25M preferred equity for the $500M 205 Montague Street Brooklyn Heights development.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SL Green Realty: Manhattan-focused REIT and active JV partner of Midtown Equities (e.g., 141 Fifth Avenue). Comparable portfolio of office, retail, and mixed-use properties in NYC.
• Vornado Realty Trust: NYC-centric REIT with major office and retail concentration along Madison Avenue and Fifth Avenue, directly overlapping with Midtown's trophy retail and office holdings.
• Silverstein Properties: Flagship JV partner on the World Trade Center development. Closely comparable NYC commercial and mixed-use developer with similar trophy-asset profile.
• RXR Realty: JV partner on Ritz-Carlton North Hills and active NYC/New York metro commercial real estate investor with similar portfolio diversification.
• The Related Companies: Large-scale NYC-based developer of mixed-use, residential, and commercial properties including Hudson Yards. Comparable in scale, geographic focus, and trophy-asset strategy.
• Tishman Speyer: Global developer with major NYC presence (Rockefeller Center, Hudson Yards). Comparable trophy-office, residential, and mixed-use development platform.
• Empire State Realty Trust: NYC-focused REIT with portfolio of office and retail including the Empire State Building. Directly comparable in asset class and geographic concentration.
• Kushner Companies: Family-controlled NYC and national real estate investor listed as a Midtown Equities partner. Closely comparable as a privately-controlled diversified developer.
• Rockwood Capital: JV partner on One Broadway repositioning. NYC-active real estate investment firm focused on office, multifamily, and mixed-use in gateway markets.

Broad incumbents

• Brookfield Property Partners: Large diversified real estate investor with major NYC office and retail holdings. Overlaps in trophy Manhattan assets but operates globally and at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Midtown Equities