As Marc Holliday began explaining all SL Green Realty Corp. had done in the last year, he paused.
“I don’t know where to begin.”
SL Green had a banner year. It announced plans for One Madison Avenue, it took over the leasehold for 2 Herald Square,it churned out leases at One Vanderbilt and it even dipped into affordable housing.
It would be criminal if the firm landed anything short of No. 1.
But how would we live with ourselves if we didn’t give Related Companies the No. 1 spot on the year when Hudson Yards had its big debut? The naysayers were drowned out by the crowds who liked the enormous copper beehive (or whatever the kids call it). They love the shopping, the dining—even the Shed, notwithstanding the snide comparisons to airplane hangars.
Related wasn’t our No. 1 choice, either.
Last year, Brookfield Property Partners—which has been gobbling up properties and companies like it has a tapeworm—seized the title as New York City’s biggest commercial landlord. Brookfield will soon beat out Blackstone in assets under management globally, thanks to buying Oaktree Capital Management. We didn’t even mention the millions of square feet it unveiled at Manhattan West. We felt that was worth a lot.
Last year was, in essence, an embarrassment of riches for the real estate industry. These are the top players.—Max Gross
The 2019 Power 100 Issue:
Welcome to the List
The Bezos Factor: Who Fell a Few Rungs Thanks to Amazon
Biggest Jumps
Power Landlords: The Guys Who’ve Got the Biggest Portfolios in New York
Power Designers: The Most Powerful Eyes in the Business