Time Equities
TES Login Investor Login Tenant Services TimeCode

History



Company Timeline

1965

Founder Francis Greenburger rents his first office space on 59th Street between Park and Lexington Avenue in New York City. Time Equities Inc. is born.

1975

TEI opens office at 825 Third Avenue.

1979

Francis Greenburger purchases his first building at 71 Barrow St. and converts his first occupied co-op: a 10-unit building at 21-23 Bethune St.

1982

Time Equities Inc. engages in its first gut renovation and conversion of a vacant commercial building to a residential co-op at 161 Remsen St., Brooklyn Heights and converts an occupied 12-building, 1200 unit apartment complex to cooperative ownership in Clinton Hill, Brooklyn, one of the largest cooperative conversions in New York City at the time.

1983

First office building is purchased in Midtown at 25 West 43rd St.

1984

Time Equities converts the first commercial building to a residential rental property under new downtown zoning regulations, the Landmark Delmonico’s building at 56 Beaver Street.

1985

Time Equities moves into its current headquarters at 55 Fifth Avenue

Attorney and certified public accountant Robert Kantor is hired to the firm as President and Chief Operating Officer.

1986

TEI acquires seven Tudor City buildings in a partnership with Phil Pilvesky. All seven buildings, containing over 2,500 units, to be converted to cooperative ownership.

1987

In a partnership with Robert Sheridan, the firm takes on its first condominium conversion of four Bing & Bing buildings in the West Village. In its first endeavor in New Jersey, the company converts a 230-unit garden apartment complex, Teaneck Gardens, to cooperative ownership and purchases first Texas Rental buildings. TEI oversees the deeding of Tudor City Parks to Trust for Public Land.

1992

Time Equities Inc. begins to offer third-party mortgage brokerage services.

1993

Third-party office and retail brokerage services are offered for the first time.

1996

Time Equities converts its first commercial building to a residential rental property under new downtown zoning regulations, the landmark Delmonico's building at 56 Beaver Street,

1997

TEI makes its first international purchase: 4200 St. Laurent in Montreal, Quebec, Canada.

1998

The first international property is purchased in the city of Toronto, province of Ontario, at 219 Dufferin St.

1999

125 Maiden Lane is the company's first major downtown office building purchased. 

2001

Time Equities Securities is established and joins FINRA.

132 West 22nd St. becomes Time Equities’ first conversion of a commercial manufacturing building to residential condo lofts.

2003

In a residential partnership with Abby Hamlin, townhouses are developed on State St. in Brooklyn.

2004

Time Equities expands to the Midwest by engaging in a condominium conversion in Kansas City, Missouri. The firm acquires its first South Carolina hotel, located in Gaffney, and commissions its first international new construction development in Toronto in a partnership with Peter Freed.

2005

Live/work condominium lofts are constructed on Main St. in Freeport NY. TEI also begins construction on Montgomery Green, Jersey City, NJ's first high-rise condominium, in partnership with Harry Kantor and acquires first major office building in Portland, Oregon.

A class "B" multi-family property, Stonebridge, is purchased for condominium conversion in Madison, Wisconsin.

 2007

The firm acquires Miami Industrial storage complex.

 2008

In a partnership with Laconia LLC, TEI purchases a vacant lot in Seattle for a high-rise residential tower at 1600 Wall Street. 

 2009

Third-party residential brokerage services are offered under Time Equities Brokerage, LLC.

2010

The Newark Tech Center is purchased. The Center is comprised of 2 two-story buildings totaling 49,750 square feet.

 2011

An industrial property is converted into the Shoppes at Bedford Park, a strip mall in Chicago.

 2013

A shopping center is purchased in Illinois.

The company's new Master website wins a Silver Award in the International Academy of the Visual Arts' 2013 W³ Awards.

CBL & Associates Sells Two Malls in Tennessee to Time Equities for $53.5M


All information and visual representations are from sources deemed reliable and are furnished subject to errors, omissions, modifications, removal of listings from sale or lease and to any changes in listing conditions including prices. Any square footage and/or dimensions set forth are approximations. For cooperative and condominium properties, the complete terms are in the Offering Plans available from the Sponsor. Time Equities Inc. (TEI) as leasing or selling agent and/or asset or property manager for the Sponsor/owner will direct all inquiries to the appropriate party. Securities offered through Time Equities Securities, LLC, member FINRA. Time Equities Securities and Time Equities, Inc. are affiliated companies. Time Equities Inc. is a Licensed Real Estate Broker.

ieLink