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Real Estate Titans Gather, Express Commercial Confidence
Amid increasingly apocalyptic prophecies about the fate of New York’s commercial property market, more than a dozen “Masters of Real Estate” convened at the Metropolitan Club on Tuesday for an...
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Though D.C. Is Kinda King, Too
A frequent theme at today's Bloomberg Real Estate Briefing was just how great New York City real estate is. But there is one other place that all the machers look fondly on--perhaps making them the...
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New York City’s Commercial Real Estate Dynasties: The Next Generation
On a recent late-summer conference call, William Rudin, Michael Rudin and Samantha Rudin Earls—three members of one of New York City’s most venerable commercial real estate families—were engaged in a...
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Daily News’s 4 New York Plaza Offices Could Be Uninhabitable for a Year
It could be up to a year before the New York Daily News and U.S. News & World Report are allowed back into their 4 New York Plaza headquarters, which were “wiped out” by Hurricane Sandy, Mortimer...
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Observer Media’s Masters of Real Estate, Minute by Minute by Minute
More than 300 real estate professionals crowded the Metropolitan Club early Thursday morning, despite snow-covered sidewalks, for the Observer Media Group’s third annual Masters of Real Estate forum....
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New York Real Estate Veterans Featured on Forbes Billionaires List
New York real estate veterans from Richard LeFrak to Sheldon Solow were featured on Forbes' annual list of the world’s billionaires. In total, 1,426 individuals made the list with a combined net worth...
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Real Estate’s Biggest Philanthropists, Annotated
Last week, Stephen Ross, chairman of Related Companies, became the latest signatory of the Giving Pledge. The campaign, an effort to invite the world’s wealthiest individuals to pledge to donate half...
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Cuomo’s Rent Check: Governor in the Middle as Dems Split Big Real Estate
Last Thursday, Feb. 24, while journalists craned their recorders like goslings waiting to be fed, Democratic Senator Adriano Espaillat of the Bronx and Northern Manhattan gave the assembled tenant...
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Respect My Authority: What to Do With the Billions Allocated For a New Bus...
Last week, the Port Authority of New York & New Jersey took a huge step forward in its plans for a new bus terminal to replace its 65-year-old terminal on Eighth Avenue. Commissioners of the...
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What Makes Starwood’s Barry Sternlicht Tick?
In the late 1990s, shortly after Barry Sternlicht, the head of Starwood Lodging Trust (and Starwood Capital Group), went through a dramatic and highly public purchase of ITT Corporation (the...
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Inheriting a Great Real Estate Empire Is More Complicated Than It Looks
Just being born into one of New York City’s family-owned real estate firms does not guarantee you a spot in the C-suite. At least, not at Rudin Management. “You have to show passion and commitment and...
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Owners Magazine 2016
In 2016, a lot of Americans—including your mild-mannered Commercial Observer editor—have gone poll crazy. We’ve got a national election weeks away, so it’s only natural to check FiveThirtyEight, The...
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Do Developers Have a Life (or a Fantasy Life) Outside of Real Estate?
Not to get too Inside the Actors Studio on our owners, but one of the questions we felt compelled to ask was, “If you weren’t in real estate, what would you do?” Unlike the Manichean either/or of our...
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If President Trump Wants to Flash Some Cash for Infrastructure, NYC’s Got a...
If you build it, they will come. Sure, that’s the line ambitious developers will often use when trying to get a project off the ground. When it comes to New York City’s infrastructure, however, experts...
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Andrew Cuomo Announces Panel to Revamp Penn Station, Prize to Fix the Subway
A week after claiming he doesn’t have much control over the Metropolitan Transportation Authority, Governor Andrew Cuomo gave a speech in which he reiterated the need to upgrade Pennsylvania Station...
View ArticleREBNY 2018: Thrills and Frills
A changing of the guard is a good moment for reflection. Last June, it was announced that Rob Speyer would be stepping down as chairman of the Real Estate Board of New York and be replaced by Bill...
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Optimism Abounds at REBNY’s 2018 Prom
Despite a tumultuous year for real estate—with investment sales falling off a cliff, retail suffering due to e-commerce and banks tightening their lending—it was a night full of splendor, high spirits...
View ArticleThe Power 100
When interviewing Jeff Blau, the CEO of Related Companies, for this year’s Power 100 we asked a question Commercial Observer had never raised in the past: Who do you think should be No. 1 on our list?...
View ArticleFrustrated With Trump, Starwood’s Sternlicht Cheers Investments Abroad
Donald Trump may enjoy the support of a handful of his former peers among the New York City real estate club. (Here’s looking at you, Steven Roth and Richard LeFrak). But count Barry Sternlicht out,...
View ArticleThe Power 100: Commercial Real Estate’s Most Powerful Players
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,...
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