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LOCATION The Power (''THE MOST POWERFUL PEOPLE IN NEW YORK REAL ESTATE congratulations We salute The New York Observer’s 100 Most Powerful People in Real Estate Barack Obama Stephen Ross (3)* Mort Zuckerman (14) Michael Bloomberg (2) Jerry (1) and including Studley Chairman Mitchell Steir 1 . President of the United States 2. Chairman and CEO 3. and Ed Linde 4. Mayor of New York City 5. Rob (69) Speyer of the Related Companies Chairman and CEO of Co-CEOs of Tishman Speyer The chief executive of chief execu- Boston Properties While New York’s real estate sector tives has come to dominate an era Owner of the Time Warner Center depends on the broader economy They’ve had a rough go of it over in real estate when government lar- and now the designated developer The busiest commercial real estate far more than anything else, Mr. the record-smashing Stuyvesant gesse means the difference between of the 26-acre West Side rail yards, buyer in the U.S. right now, Messrs. Bloomberg is perhaps the best-po- Town/Cooper Village acquisition, deals and no deals. TARP, TALF, Mr. Ross is the city’s unparalleled Zuckerman (pictured) and Linde’s sitioned person in government to but “Speyer” remains arguably the PPIP, OMFG!—the feds’ breathlessly king of private development. Chair- Boston Properties also claims a siz- nudge it one way or another. Using marquee surname in New York com- watched efforts to loosen credit man of the Real Estate Board of New able chunk of office Manhattan. This his tools of taxes, incentives and mercial real estate, with 15 million markets and therefore get capital York and a builder who timed his includes, of course, the GM Building, disbursement of infrastructure in- top-shelf square feet in Midtown moving here and around the globe developments quite well with the bought with minority partners in a vestments, he has broad powers to alone, including Rockefeller Center places this Chicagoan securely (heh) market, Mr. Ross is the one whom record $2.9 billion deal closed just shape the future of individual devel- and the land lease on the Chrysler atop our list as the most powerful landlords looking to sell are quick before the recession. Those were opments and citywide trends. Building. person in New York real estate. to call up, should he still have an ap- the days! petite to buy. ATLANTA | CENTRAL NJ | CHICAGO | DALLAS | DENVER | DOWNTOWN LA | HOUSTON | MIAMI * 2008 ranking NEW YORK | NORTHERN NJ | ORANGE COUNTY, CA | PHILADELPHIA | SAN DIEGO | SAN FRANCISCO SILICON VALLEY | SUBURBAN WASHINGTON, DC | TAMPA | WASHINGTON, DC | WEST LA Illustration by Anthony Russo Anthony by Illustration 12 June 8, 2009 observer.com | the new york observer the new york observer | observer.com June 8, 2009 13 LOCATION The Power 100 OBSERVER.COM/REALESTATE Douglas Durst (9) Mr. Silver wields extraordinary Craig He’s the head of the Lloyd Goldman (66) Newmark (6) 6.Co-President of the influence over any piece of Albany 15. private-equity real 25.President of Durst Organization legislation, be it the budget, hous- Founder of Craigslist estate fund that dur- BLDG Management ing policy or taxes. Thusly, he has ing the most recent Mr. Goldman took over his late Maybe it’s all the foiled many a development plan of As the old residen- boom snapped up uncle’s considerable real estate em- good karma gener- the Bloomberg administration and tial real estate order the newly renamed pire and has maintained a low-key, ated by that organic poured subsidies into Lower Man- withers away (Cold- Burberry Building, behind-the-scenes persona that farm upstate, but Mr. hattan’s recovery. well Banker Hunt the Paramount Hotel belies his power (he’s probably the Durst has managed Kennedy just last month went the and 235 West 75th Street, among city’s biggest private landlord). He’s to ride the downturn Steve Roth (23) and way of Alice Mason’s brokerage), others. And, again: one of the guys also a major investor in the World Michael Fascitelli (59) triumphant, with 11. the word “Craigslist” may one day on the sidelines. Trade Center towers and has plans his gorgeous One Chairman and CEO of Vornado be a lot more important than the to take over the project when Larry Bryant Park nearly all tenanted up. Realty Trust word “Corcoran”—as long as lurid Danny Meyer (24) Silverstein steps down. He’s also a would-be player in the national scandals don’t drag down 21.CEO of Union Square Hospi- redevelopment of the 57th Street Messrs. Roth (pic- the classified site’s reputation. tality Group Mitch Rudin Pier, and with a $300 million fund tured) and Fascitelli 26.President and CEO of CB on the so-called sidelines, he’s wait- (who was promot- Donald Trump (38) New York’s most Richard Ellis’ New York Tri-state ing to pounce on primo distressed ed to CEO just last 16.President and CEO of the popular restaurateur Region properties. month) control more Trump Organization continues to extend than 100 million his Midas touch to Mr. Rudin is the Marc Holliday (4) square feet of com- Just because this the new Citi Field and sports-loving su- and Andrew Mathias 7. mercial property hugely haired, soon to the Gramercy preme leader of the CEO and President of SL Green nationwide, with 22 million in New hugely marketed Park Hotel. (And to New York area’s York. Vornado also owns about half man gets involved Central Park’s Dela- dominant commer- BUYAHOME It’s hard to put of the land surrounding Madison in reality TV and the corte Theater for the summer!) Is cial real estate bro- this more plainly: Square Garden and, in its joint ven- odd beauty pageant it any wonder why his name keeps kerage. It has more AROUND Messrs. Holliday ture with Related, holds the keys to doesn’t mean he’s coming up every time a prominent than 1,000 employ- (pictured) and Ma- the far West Side’s future. not also involved in retail space becomes vacant? ees and the bragging rights to hav- THE BLOCK thias lead the city’s genuine, real-life real estate. Trump ing worked on more of the top 50 largest commercial Bill Rudin (33) SoHo alone, whose construction Mary Ann Tighe commercial deals in each of the past real estate portfolio, 12.President of has been on-then-off-then-on, still 22.CEO of CB Richard Ellis’ seven years than any other firm. OR HALFWAY one that comprises Rudin Management Company has the power to redefine its entire New York Tri-state Region a stunning 23,211,200 square feet: neighborhood. Howard Rubenstein (27) AROUND 388-390 Greenwich, 141 Fifth, 100 Another real estate In 2008, Ms. Tighe completed 5.6 27. Founder and President of Park, 330 Madison, 711 Third. These scion, and, as chair Andrew Chung million square feet Rubenstein Associates THE WORLD. Nice – France 43°N and more are theirs—and no matter of the Association 17. Principal at the Carlyle Group in commercial real the REIT’s share price, their real es- for a Better New estate transactions, If a powerful New Yorker does tate remains, well, real. York, a player in He’s the Carlyle making her the top- something impor- local public policy Group’s Whartonite producing leasing tant in New York, Amanda Burden (5) (this year, he also got in New York, charged broker at CB Rich- especially in real es- 8.Chairwoman of the City Plan- involved in federal with U.S. acquisi- ard Ellis, the city’s tate, Mr. Rubenstein ning Commission, Director of the policy, lobbying for TARP monies tions. Thus far, he’s biggest brokerage. is almost certainly Department of City Planning for commercial real estate). Mean- acquired, financed, Among her recent coups: moving backstage pulling while, he’s engaged in a fight—near- managed and dis- Ogilvy & Mather to 636 11th Av- strings. He’s horri- New condo towers ly won—to redevelop some of the posed of more than enue; and signing Mediaedge at 825 fyingly ubiquitous, used to sprout wher- West Village in partnership with St. $8 billion worth, and supposedly Eighth Avenue. with clients like Bloomberg, Speyer ever Ms. Burden Vincent’s Hospital. he’s one of the keepers of the mythi- and Rudin (plus this newspaper). would point: Wil- cal money on the sidelines. Bruce Ratner (8) liamsburg! Down- Leonard Litwin (28) 23.CEO of Forest City Ratner Steven Spinola (31) town Brooklyn! West 13.Owner of Glenwood Richard LeFrak (64) 28.President of the Real Estate Chelsea! Those days Management 18.Chairman, President and He controls prime Board of New York are over, of course, CEO of the LeFrak Organization real estate in down- Buying a home on any latitude can be challenging. That’s why but as the empress of zoning and So he dropped off town Brooklyn and As head of real estate’s heftiest lob- Premier clients work with expert loan consultants with access to public approvals of large-scale de- the Forbes billion- Durability is power. has two architec- bying group for over two decades, local knowledge in more than 35 countries around the world. velopment in this city, she still holds aire list this year. The billionaire’s turally distinct new Mr. Spinola remains a very strong hand, especially if any The landlord of 23 family has been Manhattan towers, the hefty link be- For mortgages in the U.S., you’re offered our best rates,1 and private developer ever wants to of Manhattan’s most developing in New one unfinished.