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LOCATION The Power

(''THE MOST POWERFUL PEOPLE IN 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 2. Chairman and CEO 3. and Ed Linde 4. Mayor of 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 . 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 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 | | 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) 6.Co-President of the influence over any piece of Albany 15.Newmark (6) 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 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 triumphant, with 11.Michael Fascitelli (59) 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 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 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- (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- 7. and Andrew Mathias 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 ’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 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. But tween the industry savings of approximately $2,000 on closing costs. And if you are build again. luxurious rental York since 1901, and his real test will be and government. looking at homes abroad, HSBC Premier will transfer your HSBC buildings is still now their portfolio whether he can cobble together Thus, the recession (13) powerful, all the includes 5,000 apart- the money and political support to has only sharpened credit history and help you cut through the paperwork. 9.Governor of New York more so in an environment that ments in ’ launch the project that has defined REBNY’s promi- values real estate rather than real LeFrak City (a former swampland) Forest City for the past half-decade: nence, as govern- So no matter where you buy your home, you’ll soon be relaxing There’s not a ton of estate on paper. A 2008 Daily News and 14 million square feet in New- Atlantic Yards. ment’s role has ballooned (see this on your porch, piazza, or veranda. money coming out article estimated that Glenwood’s port, N.J. list’s No. 1). of the state for any- rent rolls alone likely exceed $25 William Mack, Lee Neibart Ready to start a Premier relationship? thing real estate– million monthly. Charles Schumer (54) 24.and Richard Mack (56) Call Kevin Potter or Keith Lamb at 212 608-3493 or visit us related these days, 19.U.S. Senator Chairman, Global CEO and North 29.President of Silverstein online at HSBCPREMIERUSA.com. but as governor, Mr. Jonathan Gray American CEO of AREA Property Properties Paterson sits in a 14.Senior Managing Director for As New York’s se- Partners powerful seat. Large Real Estate at the Blackstone Group nior senator and the The big question companies are likely to petition him third-ranking Demo- The Time Warner these days is just for incentives to stay in New York, He engineered Black- crat in the chamber, Center–headquar- how many towers as some have already, and his assent stone’s purchase of Mr. Schumer must tered private-equity Mr. Silverstein will is needed for any agreement to get Equity Office Port- be paid a visit by firm has dipped over build at the World the World Trade Center moving. folio in 2007, which, anyone in real estate $9 billion in hun- Trade Center. Origi- at $39 billion, was needing something dreds of deals world- nally planning five, Sheldon the largest such from Washington. He exerts influ- wide … and counting: he’s now down to 10.Silver (22) ever. Before the ink ence over finance issues, and has at- Mr. Neibart (pic- one or two in the near term. With State Assembly could dry, he’d begun tached his name to hundreds of mil- tured) told us in March that AREA banks unwilling to finance spec tow- Speaker flipping—including selling seven lions in earmarks for infrastructure had developed a new opportunity ers and public monies uncertain, midtown towers to Harry Macklowe like the Second Avenue Subway. fund to target distressed assets. Mr. Silverstein’s financing maneu- The veteran of the for over $7 billion. Now, Mr. Gray is More money on the sidelines! vers are one of the most watched “three men in a back, with an $11 billion opportuni- Avi Banyasz games in town. 1Discounts and loan amount depend on specific program and may require certain Premier balances, reserves, equity and automatic payment form a Premier checking account. Programs subject to change. Borrowers must meet program qualifications. room” that con- ty fund for distressed properties. 20.Managing Principal of Home Equity and mortgage products offered in the U.S. by HSBC Mortgage Corporation (USA) and are subject to credit approval. Geographic and other restrictions apply. Equal Housing Lender. trol decisions in state government, Westbrook Partners Deposit products offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. © 2009 HSBC Bank USA, N.A.

14 June 8, 2009 observer.com | the new york observer the new york observer | observer.com June 8, 2009 15 Location The Power 100 Observer.com/realestate

Bruce Tower, at 50 West 47th, which, with thing. Among his opers, given their financier of New York real estate 30.Mosler (67) a nice circularity, is intended to manifold holdings: extensive court- transactions. President and CEO of house his old colleagues in the dia- thousands of apart- ship of the lawmak- Cushman & mond industry. ments in the Bronx, ers. Beyond land Mitchell Steir eBay for RE arrives in NYC Wakefield some restaurants, use, Ms. Quinn and 41.Chairman and CEO of Howard Lorber (30) and a stake in a minor her members will Studley Mr. Mosler oversees 33.Dottie Herman (48) league baseball team determine—along 15,000 real estate Chairman and President of and a spot running with the mayor—just In a down market, professionals at the nearly centu- Prudential Douglas Elliman the city’s largest brokerage. which taxes to raise, and will de- power accrues to ry-old Cushman & Wakefield, the velop and approve the city’s annual tenants, and to their largest privately held commercial The frightening real- Howard (pictured) and budget. brokers. Mr. Steir, real estate services company and ity is that Corcoran, 36.Edward Milstein majority owner of Sell your Manhattan in 30 Days one with a formidable Manhattan Elliman’s archri- Owners of Milstein Properties Jeffrey Gural (pictured), one of New York’s Barry Gosin (49) and presence. val, seems to be in 39. most prominent ten- re buyers and sellers of experts were involved in the creation of trouble, which leaves Fraternal heirs to Jimmy Kuhn ant brokerages (and Manhattan properties willing to the website, BidontheCity.com, with William Zeckendorf Mr. Lorber and Ms. a quiet real estate Chairman, CEO and President of fan of the Alto power lunch), is in try something new to get the the revolutionary bidding engine built A new business called Bid on and Arthur Herman with the kingdom co-founded Newmark Knight Frank a good place at an awful time, as a A 31. moribund real estate market moving by PropertyShark. the City recently opened up Zeckendorf (pictured) (17) biggest, strongest by their father, Paul zealous rep for clients that include again? The answer so far is a resound- The response to this new way to shop on and is Co-Chairmen of Zeckendorf Realty game in town. Their monolith has (one that, in keep- These three men Tiffany, Time Warner and Jones ing yes! buy and sell property has been very and of Terra Holdings something like 60 offices in the New ing with the whole have carefully culti- Day. A new business called Bid on the positive. A recent profile by CNBC promising owners they can York area, with 3,500 people who do dynastic thing, has vated a bumper crop City recently opened up shop on Fifth News noted, “It’s like eBay for sell their Manhattan property Now that the tongue- 14,000 transactions yearly. at times been torn of brokers, among Sam Giarrusso Avenue and is promising owners they Manhattan real estate” and after a tour in just 30 days, with qualified wagging over their asunder by succession issues), they them Mark Weiss 42.President of the New York can sell their Manhattan property in and demonstration of the bidding buyers from around the world prim 15 Central Park Peter Riguardi (71) own lots of stuff, including the Clar- and David Falk, who City/ Division of M&T just 30 days, with qualified buyers from process, stated it competing for the sale. West condo is over, 34.President of Jones idge House and Highgate on the Up- can successfully face Bank around the world competing for is “technologically sophisticated.” the Zeckendorfs may Lang LaSalle New York per East Side. off against CB Rich- the sale. “We’ve been overwhelmed by not be quite as ubiq- ard Ellis and Cushman & Wakefield Mr. Giarrusso has become one of For the last 2 years, Bid on the City the response,” said Albert Feinstein, uitous. But the de- Mr. Riguardi, top dog Jeffrey Feil in the high-end tenant rep field and the go-to guys for commercial real has invested over two million dollars principal of Bid on the City “we have “Our first event was a big success,” velopers with the marquee surname at rising New York 37.CEO of the Feil Organization help lead the firm when the three estate financing, particularly for developing a sophisticated real estate over 40 new listings in the pipeline from added Vlad Sapzhinikov, the other prin- still co-own Halstead and Brown power brokerage aforementioned gents retire. multi-family properties, considered trading platform that provides sellers, and have been meeting daily cipal of Bid on the City. “It proved that Harris Stevens, Manhattan’s third- Jones Lang LaSalle, Scion of a family business dating the safest of the bunch. He’s a big simultaneous in-person and online with developers and brokers eager to not only does online bidding work,but there is still a large, untapped worldwide also advises a who’s back 50 years, Mr. Feil is said to Joe Ficalora bidding along with real-time streaming learn how they can profit from this and fourth-biggest brokerages by fish in the fishbowl-size sea that is of audio and video.A team of Bid on the City’s Fifth Avenue Showroom great new technology.” demand for Manhattan properties.” listing volume. who of big players in control over 4 million square feet 40.Chairman, President and the commercial financing land- this demon-ridden of Manhattan office space, much of CEO of New York Community scape. Gary Barnett (32) real estate market, it Class B, not to mention tons of Bancorp 32.President of Extell including Bank of America, CBS, residential. Seven Penn Plaza is his, Robert Lieber and Seth Development Deutsche Bank, HSBC and JPMor- as are the Fred French Building and Now that the Wall 43.Pinsky gan Chase. Herald Center. Street shops that Deputy Mayor for Economic Devel- The former diamond churned out huge opment; President of “I sold my Fifth Avenue trader controls 10 Stephen Siegel (36) Christine Quinn (16) loans like so much the Economic Devel- million square feet, 35.Global Brokerage Chairman 38.Speaker of the City Council spare change are opment Corporation and unlike his col- of CB Richard Ellis gone, the active leagues, he’s still The final stop for most everyone lenders are regional Even in strained home on line!” building! He’s begun Mr. Siegel is the chauffeur-driven in real estate seeking approval for banks, like the one times, the foundation work for godfather of New York real estate a major development is the City headed by Mr. Ficalora, who has Bloomberg admin- BY YANNA REZNICK world bidding online for my prop- the 34-story Gem who knows everybody and every- Council, a fact lost on no devel- become an increasingly important istration is putting erty. It already sounded good, but two things finally convinced me to hen I first heard that go ahead:The agreement was for I could sell my condo in only 30 days, so I wasn’t locked in Wjust 30 days,I was to a long-term exclusive agree- skeptical. Originally,I bought the ment,and the commission was far apartment as an investment and less than is typical in Manhattan. “eBay for Manhattan real estate” was renting it out, and I thought After two open houses, the Our people there might be better properties auction was scheduled. Even – CNBC News available.I didn’t need to sell right though I could have watched the away,but it had already been on bidding online, I went to the Bid the market for several months and on the City Fifth Avenue “technologically sophisticated” have the power the number of similar showroom to see for myself. –The New York Times available was only increasing, even Bidding quickly surpassed the in my own building. starting price,and in few minutes A friend suggested Bid on the it was down to two bidders. Both

We know that it’s our people who drive our success. E City,a new way to sell Manhattan the bids and the bidding history The BEST way to buy & sell Manhattan Real Estate real estate. Curious, I went online were visible as the countdown 8".)"33".1&2*%&.3*",$/--&1$*",01/0&13*&2 and submitted basic information clock clicked down to zero. Before We proudly congratulate our own Peter Riguardi 8&2301*$&28*%*.0&12/./1/.,*.& on his recognition as one of the Top 100 Most Powerful Individuals in New York Real Estate. 8*%%*.(31".2-*33&%6/1,%6*%&*.1&",3*-& 8&5/,43*/."17#*%%*.(0,"3'/1-#4*,3#71/0&137)"1+

US Live Bidding Event Tuesday, June 16th! 8  03"1+5&.4&! $359,000 Starting Bid Over 30% off original price $545,000 8 903  *'3)5&.4&! $899,000 Starting Bid Over 15% off original price $1,050,000 8  903  "23 3)3! $1,375,000 Starting Bid Over 15% off original price $1,595,000 8 903 "23 .%3! $995,000 Starting Bid Over 25% off original price $1,295,000 325 Fifth Avenue, 33E, New York City:

PPLA Starting Bid: $1,130,000 Closing Bid: $1,305,000 8 903    &23 3)3! on my condo and 90 minutes later $764,000 Starting Bid 15% off original price $895,000 received a detailed property and I knew it, my apartment was sold evaluation report, comparable and I had gotten more than A sales analysis, and a complete I hoped for! I later found the buyer NEXT Live Bidding Event Wednesday, July 1st! schedule of the ad and marketing was bidding from California. efforts. All this was just weeks ago. BidontheCity.com would list My lawyer already has the deposit TO REGISTER TO BID AND FOR MORE INFO VISIT: my apartment on their site for money and we have a closing 30 days, after which there would scheduled in June.I have to say be a live bidding event in their that Bid on the City worked BIDONTHECITY.COM Fifth Avenue showroom, with very well, and I would highly 226 FIFTH AVENUE . NY, NY 10001 . [email protected] www.us.joneslanglasalle.com/ny qualified buyers from around the recommend it. Advertisement 16 June 8, 2009 observer.com | the new york observer the new york observer | observer.com June 8, 2009 17 Location The Power 100 Observer.com/realestate

hundreds of millions of dollars into economic Robert Ivanhoe (55) development, dispersed between both big- 47. Chairman of the New York Office of ticket projects and smaller initiatives. For Greenberg Traurig now, Messrs. Lieber (pictured) and Pinsky are spending much time on Willets Point and Co- Everyone is suffering—the ney Island, though they’re fielding many calls developers, the bankers, the from developers craving aid in tough times. brokers, the politicians—but not the lawyers. And Mr. Ivan- Albert Behler (52) hoe is one of the biggest, with 44.President and CEO of clients like Larry Silverstein, the Paramount Group Steve Ross’ Related Compa- nies, the Plaza’s El-Ad Group Owned by the German Otto fam- and SL Green. ily, Paramount is one of the city’s largest private office landlords, Chris Ward (65) with a portfolio that includes 48.Executive Director of the Port 1301 Avenue of the Americas and 60 Wall, and Authority of New York and one that amounts to more than 12 million feet in New York, San Francisco and the D.C. area. The counterparty to Larry Sil- verstein, Mr. Ward is charged Arnold, Kenneth, Steven and with the unenviable tasks of 45.Winston Fisher (pictured) building out the fantastically Partners in Fisher Brothers complex Trade Center site and renegotiating the complicated The brothers’ considerable Class A midtown real estate deal. His transpor- portfolio includes 1345 Avenue tation-focused agency is the of the Americas and 299 Park. developer of one giant tower—the Freedom— They also had the financial cap- and perhaps the financier of one or two more. ital heft to team with Sheldon Solow in building up 9 acres Ric Clark just south of the U.N.—before 49.CEO of Brookfield that partnership crumbled. Properties

Serena Boardman Chief executive since 2002, 46.Senior Vice President of Sotheby’s Mr. Clark finds himself at the International Realty helm of a firm at the financial crisis’ epicenter. Brookfield’s Compared to the other brokers at the top, Ms. portfolio encompasses 20.6 million feet in Boardman is miraculously chic, preposterous- New York, much of it at the World Financial ly young, gallingly shy of the Center, whose success, thanks to Merrill’s spotlight and, more important- Bank of America consolidation and the wan- ly, continually successful. She’s derlust of tenant Deloitte, remains in doubt. handling brother-in-law ’s $75 million East 71st Peter and Anthony Malkin Street mansion and a duplex at 50.(pictured) 740 Park—plus countless quiet Chairman and President of W&M Properties mega-listings. The family that pioneered real estate invest-



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ment syndication in 1933 re- Bollinger’s tenure at the university. For better mains firmly entrenched at the or worse, the expansion will not only change , across the area’s physical makeup, but investors’ the city, and beyond. Again, an perceptions of it as well. old-school surname likely to weather the recession well. 58.Peter Hauspurg and Daun Paris Pam Liebman (37) Chairman and President of Eastern Consoli- 51.CEO and President of the Corcoran dated Count Group When they’re not raising pet Parent company Realogy has llamas, these married power been suffering so badly that brokers run an investment- Corcoran’s demise was ru- sales machine specializing mored in December. But Ms. in quiet, off-market deals for Liebman, whose firm has star landlords who value things brokers like Carrie Chiang and like discretion and profit— on Carlton Leighton Candler, is fiercely a solid job to be in given the competitive: “I say Corcoran credit crunch. Group is probably the strongest in New York,” she has said, “and we’ll probably be the last Darcy Stacom (35) one standing.” 59.Vice Chairman of CB Richard Ellis Your Preferred Loan Sale Jeff Sutton She, along with business part- 52.Founder and President of Wharton ner Bill Shanahan, is the go-to Acquisitions Corp. for New York’s most impor- tant building sales. Most awe- Mr. Sutton has collected more than 100 city somely in 2008, she sold both properties, by himself or with partners like the GM Building and other & REO Advisor Since 1991 SL Green, and he shows a particular penchant remnants of the Macklowe for repositioning them through retail. A few kingdom. Right now, she’s cases in point: 609 Fifth with American Girl; representing AIG in the sale of two towers 40 West 34th with American Eagle; and 720 downtown. Fifth with Abercrombie & Fitch. Charles Rangel Sheldon Solow (19) 60.U.S. Representative Performing and Non-Performing Portfolio of Non-Performing 53.Developer As chairman of the Ways and Non-Performing Commercial, Hospitality and Multifamily and Land There’s a construction freeze Means Committee, Mr. Rangel Portfolio of Commercial Residential Land Development Loans these days, but when business holds tremendous sway over picks up, Mr. Solow will build all things taxes in Congress. Development Loans Development Loans with a fury. With 9 West 57th Case in point: tax-free bonds. Street—among the city’s finest Mr. Rangel has been lobbied office towers—already his, he heavily by everyone from $170,000,000 $100,000,000 $30,000,000 will likely add another jewel to landlords to the Yankees to lo- his crown: the seven-tower, $4 cal officials in various attempts to extend the billion mixed-use development on 9.2 acres availability of these low-cost bonds. Bidding Bidding Bidding just south of the U.N. Jonathan Mechanic (68) and 61.President of 54.Stephen Lefkowitz Chairman of the Real Estate Department at While perhaps not from the Fried Frank; Member of the Real Estate De- same cut as the LeFraks, partment Dursts or Speyers, Mr. Sex- Non and Sub-Performing Performing and Performing ton controls one of the city’s Sub-Performing As partners in the real estate larger real estate holdings, Portfolio of Residential Office and Hospitality branch of a top global law and one that, at least as of last Development, Condo and Portfolio of Residential First Mortgage, B-Note and firm, Mechanic (pictured) and year, plans to grow substan- Lefkowitz, Esqrs., carry client tially. Its expansion would add Land Loans Home Equity Loans Mezzanine Loans lists that read like a who’s who 6 million square feet over the next 25 years, of real estate: Ratner, Zuck- adding to its holdings by about 50 percent. erman, Speyer, etc. Boom or $259,000,000 $148,000,000 $320,000,000 bust, when big money is on the Shaun Donovan (40) table, these two get the call often. 62.Secretary of the Department of Hous- Closed Closed ing and Urban Development Closed Robert Tierney (44) 55.Chairman of the Landmarks Preserva- For selfish reasons, local offi- tion Commission cials and executives have high expectations for Mr. Dono- It’s a largely thankless role, van. Urban policy enthusiasts but Mr. Tierney has risen to it have long held that federal since 2003, when the develop- initiatives overlook the needs ment boom really took off and of cities, particularly hous- the Internet started making it ing. Given the department’s easier to bitch about the pub- big budget, many locally hope the former city lic’s role in preservation. The housing commissioner will give a boost to the commission’s designations “U” in HUD. continue to impact developers and their op- ponents alike. Joseph Strasburg 63.President of the Rent Stabilization As- Adam Rose and Amy Rose sociation Howard L. Michaels, Chairman Michael J. Campbell, Partner 56.Co-Presidents of Rose Associates As heads of the family property concern, The leader of the city’s largest landlord group, which includes ownership and management apartment building owners look to Mr. Stras- Thomas K. McCarthy, Managing Director of thousands of city apartments, the Rose burg to block efforts in Albany to increase cousins are among New York’s quieter mo- rent regulations, particularly vacancy de- guls. But like other well-capitalized surnames, control. He long was allied with State Senate theirs should weather the recession gently. Republicans, but now his success lies with his www.carltonauctions.com ability to fracture a fragile Democratic major- Lee Bollinger (10) ity. 57.President of Columbia University 212-545-1000 Sandy Lindenbaum The City Council’s December 64.Counsel at Kramer 2007 approval for rezon- Levin ing much of West Harlem as NEW YORK I ATLANTA I BIRMINGHAM I CHICAGO WASHINGTON, DC I WEST PALM BEACH I mixed-use paved the way for As one of the top land-use Columbia’s 17-acre expansion lawyers in the city, Mr. Lin- there, a cornerstone of Mr. denbaum has served a wide

20 June 8, 2009 observer.com | the new york observer the new york observer | observer.com June 8, 2009 21 Location The Power 100 Observer.com/realestate The Power 100 Location

array of public and private organizations, which have Gary La Barbera nal Trade Center towers 30-plus watching over the construction in- replaced at her three biggest proj- David Arena included the Catholic Church, MoMA and Silverstein 73.President of the Building and Construction years ago. dustries. After two crane collaps- ects (including Manhattan House), Not only does the 93.President of Grubb & Ellis Properties. Unlike everyone’s wallets, the city’s zoning Trades Council of Greater New York es, his efforts to strengthen safety and even if The Real Deal recently art collector own the New York codes don’t get thinner in a recession, so Mr. Linden- James Cooper (43) through regulation are being closely reported that powerhouse Carrie baum should remain plenty busy. Developers have long carped about the 82.Rector of Trinity Church watched. Chiang’s listings add up to a higher and , The exuberantly extraordinary costs of construction in New tally ($472.8 million!), Ms. Lenz is but his 22 East 71st positive brokerage Barry Sternlicht York, which have been found to be twice Trinity Church’s Rafael Cestero still widely feared, imitated and Street mansion is chief told us in May 65.Chairman and CEO of Starwood Capital that of many other cities. New to the top ownership of most 88.Commissioner of the De- obeyed. the most expensive that the city’s in the union job, Mr. La Barbera has taken the of Hudson Square partment of Housing Preservation piece of residential real estate on midst of its biggest Just off Bryant Park, the veteran hos- lead on trying to lower labor costs. Should predates America’s and Development Billy Macklowe (39) the market. If he can sell it any- transfer of property pitality mogul–turned–private-equity it prove effective, developers say planned founding. The down- 90.Chairman and CEO of where near its $75 million asking, in 20 years. Broker- investor plans New York’s first five- towers will start rising once again. town church has ac- Charged with something of a thank- Macklowe Properties he’ll single-handedly redefine the ages like Grubb & star, environmentally friendly hotel. It’s cumulated 6 million less task, Mr. Cestero earlier this townhouse market. Ellis—the firm’s clients include the an ambitious move from the man who Paula Del Nunzio (81) square feet in 18 buildings, with a year took the reins of the city’s Mr. Macklowe sup- F.D.I.C. and Vornado—are in a posi- brought you the high-end W chain, given 74.Senior Vice President and Managing Director at heavy concentration now of media housing agency at a time when planted his father, Jim Abadie (79) tion to capitalize. the hotel market’s slump. Brown Harris Stevens companies under lease. funding is only decreasing. He also Harry, as chairman 92.Principal of Bovis Lend inherited a housing production of the company after Lease New York Marvin Markus (86) The scary thing about the city’s sovereign Kirk Henckels plan that assumed a more robust the elder Macklowe 94.Chairman of the Rent Norman Sturner townhouse broker is that she not only 83.Executive Vice President economy. heavily leveraged From infrastruc- Guidelines Board 66.President of Murray Hill Properties puts gargantuan prices on her mansions, and Director of Stribling Private it right before the ture work to office but according to Brown Harris, she gets Brokerage Dolly Lenz credit crisis. The GM towers, Bovis’ signs Mr. Markus has oc- Mr. Sturner has had a strong history of buy- an average of 97 percent of the tags. 89.(25) Building may be gone, but the heir hang on construc- cupied the chair- ing low, selling high. He seems to shy from The perennially bow- Vice Chairman of still has a considerable empire. tion sites citywide. manship on and off the trophy properties, preferring commer- Robert Knakal and Paul Massey Jr. tied Mr. Henckels Prudential Douglas Mr. Abadie also over- since 1979, annually cial towers outside the midtown hot spots. 75.Chairman and CEO of Massey Knakal may not do the most Elliman Aby Rosen sees the less-than- facing the onerous Recently he’s had an eye for SL Green prop- massive deals, but 91.Partner and Co-founder of pleasant task of taking down the task of setting rent erties, buying 1250 for $310 mil- It’s pretty simple: volume. A drought in now that Edward Lee Even if she was RFR Holding former Deutsche tower. increases for the lion, and reportedly making an unsolicited large-scale property deals has watered Cave’s firm has been $540 million bid for 485 Lexington. the business of Massey Knakal, the big- folded into Brown gest of the city’s smaller investment- Harris Stevens and Richard Marin sales firms. In October, Mr. Knakal (pic- doyenne Alice Mason has closed 67. Executive Chairman of Africa Israel USA tured) himself sealed his 1,000th deal in up shop, he’s carrying the torch for New York. old-school, genteel, Mr. Marin was probably irked when he brokering. (And he’s listing Brooke lost his powerful Bear Stearns job after Howard Michaels Astor’s duplex, too.) The Times exposed his innocuous per- 76.Chairman of the Carlton Group sonal blog two years ago. But the timing Hall Willkie (47) wn a piece of history, priced for today. wasn’t so bad. Now he’s the new boss As head of a private real estate invest- 84.President of Brown Harris at Africa Israel’s American wing, which ment bank, Mr. Michaels has long been Stevens means he has a lot of Bear-size messes one of the guys you go to when you need (20 Pine! The old Times building! The money. Now, he’s angling to fill the void The Kentucky-born, Apthorp!) to clean up. left by the former Wall Street shops like Madrid-schooled Lehman by raising hundred-million-dol- executive oversees Woody Johnson lar investment funds (and he’s planning 350 agents, a tiny 68.Board President of 834 Fifth Avenue to do commercial auctions—the real, number compared live kind, not virtual). to Corcoran and The football maven and pharmaceuti- Elliman. But his cal heir is the gatekeeper to New York’s David Childs (78) brokers are posh, most-frothed-over co-op. What kind of 7 7. Consulting Partner of Skidmore, Owings & Merrill proper people who do $3.4 billion post-bust buyers he lets into his building in yearly sales, often dealing in the will set a big tone—even if Mr. Johnson The building bust has not treated archi- most pristine co-ops and limestone happens to spend most of his New York tects well. But Mr. Childs still has a proj- mansions. time in a Trump International condo. ect that’s just getting started: 1 World Trade Center (the Freedom Tower). As Joseph Sitt (93) Joseph Moinian (53) the tallest building in the city, it will for- 85.Chairman and CEO of Thor 69.President and CEO of the Moinian Group ever reshape ’s skyline. Equities Our History Mr. Moinian’s firm owns the Atelier Ralph Herzka For over two years condo and a fleet of Manhattan office 78.President and CEO of Meridian Capital Group now, Mr. Sitt has towers. The completion of his W New been blocking the Has its Advantages York Downtown, a 58-story condo-hotel Commercial mortgage brokers become even bigger Bloomberg admin- just south of the World Trade Center, heavyweights during downturns, when developers can istration’s road to will likely mark the end of the downtown no longer call up their buddies at banks for easy money. Coney Island, where In an uncertain economy, businesses building boom. Mr. Herzka sits atop one of the most important such it wants to redevelop and investors need a partner with a brokerages in New York. the famed district Kent Swig (42) with a new rezoning, amusement proven track-record of success in all 70.Co-chairman of Terra Holdings; President of Timothy Dolan park and hotels. The city now wants Swig Equities 79.Roman Catholic Archbishop of New York Mr. Sitt out, and is in a standoff market cycles. over the price for his land. Without A limited opportunity is available on the first 32 select residences. The recession hasn’t been easy on Mr. The recently arrived prelate, by dint of a sale, the city’s plans are largely Swig. Getting into the condo conversion his office, controls a vast real estate con- stymied. Over nine decades, we’ve established game late, he’s had more than his fair cern stretching over , Man- is now. share of foreclosure actions and tenant hattan and the Bronx. Mr. Dolan’s prede- Jonathan Miller (87) Your Once Upon a Time leadership positions in a wide range lawsuits. Still, he has substantial hold- cessor sold, according to The Times, over 86.CEO and President of Miller ings, including 1.5 million feet of resi- $100 million in church property during Samuel of service disciplines, from office dential, and the industry is watching his the boom. portfolio closely, particularly downtown. It’s not clear how a leasing, to valuation, management Richard Born (pictured) and Ira Drukier real estate appraiser and sales, all supported by Doug Harmon 80. Hoteliers became one of the 71.Senior Managing Director of Eastdil Secured most visible real es- proprietary market research. The Mercer, Maritime, Chambers, Jane, tate icons this side of Mr. Harmon seems to have a knack for being in on all the Bowery, Pod, Greenwich, Gansevoort, Dolly Lenz, but when important deals. He’s been an adviser to Deutsche Bank Wellington, Elysee—it’s hard to find any the media-savvy, Since 1917, dedicated to helping our as it’s tried to hawk off the detritus of the Macklowe em- stylish hotel property in the city that Web-connected Mr. pire, including the sale of the office con- doesn’t bear the fingerprints of these Miller speaks, New York listens. His clients make the most informed real dos for $355 million, the largest deal of 2009 so far. stealthy players. Want to convert your market reports are like a quarterly dowdy SRO building into a trendy bou- Super Bowl. 390 West END AVENUE at 78th Street, NEW YORK, NY 10024 estate decisions...We’re There. David and Jed Walentas tique? Call these guys. 72.Founder and Vice President of Two Trees Man- Robert LiMandri (29) iconic condominium residences priced from two to fifteen million agement Dan Tishman 87. Commissioner of the Depart- 81.Chairman and CEO of Tishman ment of Buildings The king and prince of Brooklyn’s Dumbo are doing all Construction SALES center ENTRANCE Global intelligence. right in these non-right times, pressing ahead with a Mr. LiMandri’s 2211 broadway at 78th stREET, residence 2a 17-story tower on Dock Street, not to mention a $600 After taking over the reins of the fam- 1,200-person depart- Innovative advice. million Hell’s Kitchen development, their biggest single ily business, Mr. Tishman is leading it ment is one of the Flawless execution. project ever. through several big-time gigs, including city’s larger regula- 212 799 2211 THEAPTHORP.COM 1 World Trade. That’s fitting, considering tory forces, with Dan’s pop, John, spearheaded the building of the origi- the sole purpose of The complete offering terms are available in an offering plan available from Sponsor. File No. CD07-0555.

22 June 8, 2009 observer.com | the new york observer the new york observer | observer.com June 8, 2009 23 Consider a partial The Power 100 Location How to renovate Rule 5 renovation for kitchens in need of updating: A breakfast your kitchen bar to gain a more open look. New without countertops, backsplash, under cabinet lighting, rotating shelf renovating your systems.The key here is a clever entire life. upgrade of existing space. city’s more than one million rent-stabilized apart- ments. He recently called for sweeping changes to stabilization, via Albany, wading into one of the industry’s hottest topics.

Lockhart Steele (91) 95.Publisher of Curbed Network Mr. Steele’s Twitter feed recently said he’d gotten an email from “a production company interested in developing the TV version” of Curbed. Even if his site doesn’t become a show, Mr. Steele’s New York–centered Curbed, Eater and Racked sites are daily staples for the young and city-obsessed.

Amir Korangy 96.Publisher of The Real Deal

The Real Deal may not have Curbed’s peppy flair, but it’s still a must-read for industry insid- ers—except for those, as Mr. Ko- rangy wrote recently, who don’t like reading negative news and “would prefer if we wrote about how many Girl Scout cookies bro- kers are buying.” Manhattan’s Premier Kitchen and Bath Designers André Balazs (62) 937 97. Hotelier Since 1945 Between 68th & 69th Streets New York NY 10021 The first guy to really grasp the 212-879-1200 commercial potential of the forth- www.elgotkitchens.com coming High Line Park has effec- tively shifted the epicenter of the bustling meatpacking district to the west with his towering new "#$%&''(01#123&40 hotel on stilts, the Standard New York.    !  "#$  #$% Veronica Hackett 98.Managing Partner of the Clarett Group

The Clarett Group has developed several condo towers in its nine *UNE years, and Ms. Hackett is a woman of considerable power in a profes- sion swollen with alpha males. She has a couple $EAR2EADERS of Brooklyn projects in the pipeline, including 111 Lawrence Street, a 50-plus-story tower in down- 7E CONGRATULATE ALL OF THE 0OWER  town Brooklyn. HONOREESANDAREESPECIALLYPROUDOF7EB Adrian Benepe (57) EDITOR ,AUREN %LKIES THE MOST POWERFUL 99.Parks Commissioner ANDFEARLESSREALESTATEBLOGGER Beyond controlling the vast sys- tem of open spaces and recreation spots, the parks boss is also the de facto landlord for some of the city’s most illustrious eateries, includ- ing its highest-grossing restaurant, , and will soon decide which lucky operator gets his hands on that fabulous cash cow. ‹‡ˆ  ‹ ‡‰ ‰         Peter Linneman Principal at Linneman Associates          100.        and the Albert Sussman Professor of Real Estate,        ­‚ Finance and Business and Public Policy at Whar-           ton          ‚   As a well-respected real estate !"      "!!!# mind—Mr. Linneman’s book Real   $! Estate Finance & Investments is  sacral among aspiring titans—and      ! an unabashed critic of government       ­ "#$%& intervention, Mr. Linnneman finds %$##     €    himself busy in this era of bailouts. "!!$!&  ‚  ƒ   !'"#! „         !      ­ (#!! ‚ ‚ )#    

 WWW4HE2EAL$EALCOM ŒŽ‘’’  ­‰ ‡ ˆ­“““’“    ”’’••ŽŽŽ–—˜™š›ƒ•š•Œ—šŽ’šš †††‡ ˆ‰‰  Š‹ ˆŠ

24 June 8, 2009 observer.com | the new york observer the new york observer | observer.com June 8, 2009 25 The Power 100 LOCATION

Leaving Behind Real Estate’s ExpertiseExpertise in in Al All lPr Priceice Ranges Ranges the White Walls Most Powerful Person: An Interview with Interior Designer You! (Sort Of) sothebsothebyshomes.com/wyshomes.com/westchesterestchester Glenn Lawson or the first time, we gave readers the opportunity, in unscientific online polls at Q: One of the best things right Observer.com, to tell us who they thought were the most powerful people in New now to collect for an investment is? FYork real estate. (Note: The final Power 100 was picked by The Observer’s real es- A: Art, china (old or new) and tate desk.) Readers were given four names per category to choose from. antique furniture. If the client has an interest in china, that’s a great investment. I would tell them to buy full sets with the The Nos. 1 and 2, by category, below! serving pieces.

Q: The mistake most people make when doing their own Commercial Landlords designing is? Douglas Durst, Bill Rudin RIVERDRIVERDALE,ALE, NY NYColonial Colonial Revival: Revival: Historic Historic collection collection of heir- of heir- RYE,R YE,NY NYRestor Restored Teduscan-Style Tuscan-Style Villa: Villa: 200’ 200’ of waterfr of waterfront,ont, 4 bed- 4 bed- RYE,RYE, NY NYVie wsVie ofws the of the18th 18th Hole: Hole: Beautiful, Beautiful, light-filled light-filled new ne homew home loomloom homes homes from fr omRober Robert A. tM. A. SternM. Stern Architects. Architects. $11,200,000. $11,200,000. rooms,rooms, balconies, balconies, terraces, terraces, gar dens,gardens, floating floating dock. dock. $5,765,000. $5,765,000. withwith golf gandolf andlush lush landscape landscape views; vie ws;5 bedr 5 bedrooms,ooms, custom custom kitchen, kitchen, A: They become too predictable and bland. Professional WEB: NYO0134518. R. Wood, 212.431.2432, J. Stilo, 914.921.9266 WEB: NYO0652492. Maureen Kirkpatrick, 914.967.4600 3-car garage. WEB: NYO0652440. Michael Holmes, 914.967.4600 interior designers bring a level of imagination to the project Residential Landlords WEB: NYO0134518. R. Wood, 212.431.2432, J. Stilo, 914.921.9266 WEB: NYO0652492. Maureen Kirkpatrick, 914.967.4600 3-car garage. WEB: NYO0652440. Michael Holmes, 914.967.4600 as well as knowledge about what products and colors would Richard LeFrak, Rob Speyer be a good fit. So many people come from white walls, and I Economic Development Officials help them break away from that. Michael Bloomberg, Q: Clients can make the design process go more smoothly by? Commercial Developers A: Trusting the designer and relinquishing a bit of control. I Stephen Ross, Larry Silverstein always work to build a strong rapport with my clients in the first month so trust is never an issue. After a while, clients often look Residential Marketers at you like a member of their family. Kelly Kennedy Mack, Corcoran Sunshine; Louise Sunshine, Alexico Group

As an Interior Designer, I would turn to Michael C. Fina for? Real Estate Journalists Q: RYER YEPO ,PO NY, NYViewsVie ofws 3 of Golf 3 Golf Courses: Courses: Set Seton 1.39on 1.39 acr esacr ones theon the RYE,RYE, NY NYNewNe Home:w Home: Ov erlooksOverlooks a lush a lush proper property andty andprivate private PURPURCHASE,CHASE, NY NYPur chasePurchase Estates: Estates: Exquisite Exquisite craftsmanship craftsmanship, , Lois Weiss, New York Post; Charles Bagli, The New York Times 1 Westchester Country Club. 3,969 sq. ft., 4 bedrooms, 6 baths. yard; 6 bedrooms, 5 ⁄2 baths,1 detailed woodwork. 6 bedrooms, 6 full, 2-half baths, custom kitchen, wine cellar. A: Fine glassware, vases, and silver. Michael C. Fina has a beau- Westchester Country Club. 3,969 sq. ft., 4 bedrooms, 6 baths. yard; 6 bedrooms, 5 ⁄2 baths, detailed woodwork. 6 bedrooms, 6 full, 2-half baths, custom kitchen, wine cellar. tiful selection of artistic pieces for the home. I would also turn $3,800,000.WEB: NYO0652434. M. Kirkpatrick, 914.967.4600 $3,475,000.WEB: NYO0652274. Michael Holmes, 914.967.4600 $3,995,000. WEB: NYO0652154. Alix Prince, 914.967.4600 Office Leasing Brokers $3,800,000.WEB: NYO0652434. M. Kirkpatrick, 914.967.4600 $3,475,000.WEB: NYO0652274. Michael Holmes, 914.967.4600 $3,995,000. WEB: NYO0652154. Alix Prince, 914.967.4600 to Michael C. Fina for an investment piece like the Buccelatti Seahorse centerpiece because it makes such a statement and can Stephen Siegel, CB Richard Ellis; Mitch Steir, Studley surely be passed down from generation to generation. I love the Hoteliers WeWe are are pr oudproud to tosuppor support Consert Conservationvation International International (conser (conservation.org)vation.org) in theirin their mission mission to topr otectprotect all alllife lif one onEar Earth. th. Thr Throughough wine glasses and uniquely shaped china (pictured) from There- André Balazs, Sam Chang ongoing donations our organization and agents have already helped to protect over 6,300 rainforest acres. sienthal and Medard De Noblat (respectively). ongoing donations our organization and agents have already helped to protect over 6,300 rainforest acres. Retail Brokers Every space must have? Q: Robert Futterman, Robert K. Futterman & Associates; Susan Kurland, CB Richard Ellis A: A balance between symmetry and asymmetry. The space shouldn’t be too boring or too odd. Adding something a bit off- Residential Executives beat to a traditional room can go a long way. It is little things like Pam Liebman, Corcoran Group; Dottie Herman and Howard Lorber, Prudential Douglas Elliman this that make a big difference in the design aesthetic. Commercial Executives Q: The tableware and home industry helps me? Peter Riguardi, Jones Lang LaSalle; Mitch Rudin, CB Richard Ellis A: Put the icing on the cake. Tableware and pieces of art for the Investment Sales Brokers home bring my vision to completion. Darcy Stacom and Bill Shanahan, CB Richard Ellis; Woody Heller, Studley Glenn Lawson’s work includes Residential Brokers Elle Decor’s House Tours, RYER YEPO ,PO NY, NYA T rueA T rueGem: Gem: Near Near the theWestchester Westchester Countr Country y HARRISON,HARRISON, NY NYSimply Simply Exceptional: Exceptional: 6,200-sq. 6,200-sq. ft. home ft. home. 6 bed. 6 bed - - HARRISON,HARRISON, NY NYExquisitelyExquisitely Crafted: Crafted: Sited Sited on aon private a private 1.1- 1.1- Lalique’s flagship Madison Sharon Baum, Corcoran Group; Jackie Teplitzky, Prudential Douglas Elliman Club;Club; 5 bedr 5 bedrooms,ooms, 5 full, 5 full,2-half 2-half baths, baths, state-of-the-ar state-of-the-art kitchen.t kitchen. rooms,rooms, eat-in eat-in granite granite kitchen, kitchen, wine wine cella cellar, mediar, media and andplay pla rooms.y rooms. acreacr lote withlot with characte character, arr,chitectural architectural featur features, 5es, bedr 5 bedrooms,ooms, $2,999,000.$2,999,000. WEB: WEB: NY O0652311.NYO0652311. Mar Maria Stilo,ia Stilo, 914.967.4600 914.967.4600 $2,395,000.WEB:$2,395,000.WEB: NY O0652430.NYO0652430. Beth Beth Delaney Delaney, 914.967.4600, 914.967.4600 pool.pool. $2,295,000. $2,295,000. WEB: WEB: NY O0652481.NYO0652481. Alix AlixPrince Prince, 914.967.4600, 914.967.4600 Avenue store and the Ambassador REIT Executives to the United Nations’ residence in the landmarked Waldorf Towers. Michael Fascitelli, Vornado; Marc Holliday, SL Green Real Estate Lawyers Jonathan Mechanic, Fried Frank; (tie) Robert Ivanhoe, Greenburg Traurig; Stephen Lefkowitz, Fried Frank Financiers/Lenders Howard Michaels, Carlton Group; Lee Neibart, AREA Property Partners Family Dynasties Rudins, Speyers

Bloggers WESTWEST HARRISON, HARRISON, NY NYDreamDream Home: Home: Elegant Elegant with with 6 bed- 6 bed- RYER YEPO ,PO NY, NYStunningStunning Stone Stone Colonial-Style Colonial-Style Home: Home: Within Within an an PURPURCHASE,CHASE, NY NYFor FEaseor Ease of Living: of Living: Spacious Spacious updated updated home home. 2 . 2 1 rooms, 6 ⁄2 baths,1 library, lower level with bar. $2,095,000.WEB: estate area. 5 bedrooms, 2.31 acres, pond, tennis court. bedrooms, living room opens to .75 acre of private land. Patio. Lauren Elkies, The Real Deal; Joey Arak, Curbed rooms, 6 ⁄2 baths, library, lower level with bar. $2,095,000.WEB: estate area. 5 bedrooms, 2.31 acres, pond, tennis court. bedrooms, living room opens to .75 acre of private land. Patio. NYO0652409.NYO0652409. G. Br G.onstein, Bronstein, M. MadorM. Madorsky, sk914.967.4600y, 914.967.4600 $1,999,000.$1,999,000. WEB: WEB: NY O0652437.NYO0652437. Vito VitoCangialosi, Cangialosi, 914.967.4600 914.967.4600 $1,499,000.WEB:$1,499,000.WEB: NY O0651909.NYO0651909. Joan Joan Toepf Toepfer, 914.967.4600er, 914.967.4600 Mortgage Brokers Melissa Cohn, Manhattan Mortgage; Bruce Maasbach, Manhattan Mortgage Public Officials , Charles Schumer

Glenn Lawson Apartment Landlords 917-549-6880 Stephen Ross and Related Companies, Leonard Litwin and Glenwood Management [email protected] www.glennlawson.com Rental Brokerage Execs Daniel Baum, Real Estate Group New York; Gary Malin, Citi Habitats Featured: Theresienthal glassware and Medard De Noblat china. Available at Michael C. Fina. Scions NEWNE ROW ROCHELLE,CHELLE, NY NYGatedGated Community: Community: 3,230-sq. 3,230-sq. ft. stone ft. stone RYER YEBR OBROK,OOK, NY NYRenovatedRenovated Ranch: Ranch: Custom Custom details, details, PURPURCHASE,CHASE, NY NYMeticulouslyMeticulously Maintained: Maintained: Set Setback back on aon land- a land- and stucco home with a first-floor master and elevator. gourmet kitchen, park-like backyard with an expansive deck. scaped property; 4 bedrooms, eat-in kitchen, beautiful sunr oom. Rob Speyer, Don Trump and stucco home with a first-floor master and elevator. gourmet kitchen, park-like backyard with an expansive deck. scaped property; 4 bedrooms, eat-in kitchen, beautiful sunr oom. $1,199,000.WEB:$1,199,000.WEB: NY O0652479.NYO0652479. Julia Julia Brasesco, Brasesco, 914.967.4600 914.967.4600 $1,099,000.$1,099,000. WEB: WEB: NY O0652463.NYO0652463. Marcia Marcia Rogull, Rogull, 914.967.4600 914.967.4600 $889,000.$889,000. WEB: WEB: NY O0652483.NYO0652483. Louis Louis Katsor Katsoris, 914.967.4600is, 914.967.4600 Boutique Residential Brokers Barbara Fox, Fox Residential; (tie) Michele Kleier, Gumley Haft Kleier; Leslie Garfield, Leslie J. Garfield; and RYERYE BR BROKERAOKERAGEGEI Isothebyshomes.com/w sothebyshomes.com/westchesterestchester Mark David Fromm, Mark David & Co. 49 49PURCHASE PURCHASE STREET STREET, NY, NY 10580 10580T 914.967.4600T 914.967.4600 ® Sotheby’Sotheby’s Internationals International Realty Realty, Inc. , isInc owned. is owned and operatedand operated by NR byT NRLLCT . LLCSotheby’. Sotheby’s Internationals International Realty Realtyis a® risegister a registered trademark.ed trademark.

26 June 8, 2009 the new york observer | observer.com thethe new new york york observer observer | observer.com | observer.com JuneJune 8, 2009 8, 2009 27 27