AT THE CENTER OF recognizes WHAT’S New York City’s luminaries at annual banquet NEXT t’s been an exciting year for the real Google senior vice president and chief financial officer, Iestate community in New York City. in announcing the decision. With a dominant global footprint, more than 100 years of local “As the Real Estate Board of New York celebrates its 123rd Still, the year also came with challenges. For example, market expertise, and a full spectrum of real estate services, year, we are proud to report that the real estate industry is just New York City home prices and home sales have dropped Cushman & Wakefi eld leasing and sales brokers are some of as vibrant as the city itself,” REBNY President John H. Banks in the past year, as have Manhattan retail rents in many said. “Generating billions in annual tax revenue that funds vital neighborhoods (although Brooklyn retail rents increased the most powerful, well-connected professionals in the industry. city services, New York City’s real estate industry remains the in many neighborhoods). The Tax Cuts and Jobs Act of engine behind New York’s economy.” 2017, which limits the deductibility of state and local taxes, In 2018, professionals in the Tri-State Region alone won more than contributed to a decline in residential demand in high-tax 80 industry awards recognizing their talents. And they aided in Among many positive indicators, Banks points to the booming states, such as New York and New Jersey. one out of every three signifi cant* transactions in New York City. economy and record job growth, with unemployment and crime rates at historic lows. One thing New York City’s world-class real estate community brings, however, is the resilience to take on these kinds of The key to their success? Their ability to understand client needs, “This success is attracting the country’s leading entrepreneurs challenges. In the pages that follow, you will meet some of craft optimal property solutions, and hand pick the right team and technological innovators,” Banks said. the movers and shakers who are shaping the city’s skyline, of cross-functional experts who are uniquely qualifi ed to execute. neighborhoods, quality of life and civic institutions. One major development for the city was Amazon’s decision— Be a part of what’s next in commercial real estate. announced Nov. 13—to open a headquarters in Long Island This year’s honorees are a who’s who of leading players on the cushwakenytristate.com/leadership City that will employ 25,000 people. Many hope the move will city’s real estate scene and, in some cases, families that have bring development to the neighborhood’s industrial landscape. shaped the city’s history for generations. *Leases over 250,000 sf and sales over $250 million Construction is expected to begin as soon as 2020. The award winners who will be honored at REBNY’s 123rd In late December, Google announced plans to expand its annual banquet include Alex Bernstein, executive vice footprint in the city. It is looking to spend more than $1 billion president/new business at Bernstein Real Estate Group; on capital improvements to establish a new 1.7 million-square- Helena Rose Durst, a principal at The Durst Organization; foot campus, Google Hudson Square. New York City was Carol Kellermann, former president of the Citizens Budget Google’s first office outside of California when it came to the Commission; Ira Z. Fishman, a partner at HSP Real Estate city nearly two decades ago, and it now houses more than Group; Daniel R. Tishman, principal and vice chairman of 7,000 employees. Tishman; Diane M. Ramirez, chairman and CEO of Halstead Real Estate; and Bernard Warren, chairman and president of “New York City continues to be a great source of diverse, Webb & Brooker. Read on for a glimpse of how they are making world-class talent—that’s what brought Google to the city their mark on New York City and helping to shape its path to in 2000, and that’s what keeps us here,” said Ruth Porat, the future. cushwakenytristate.com

S1 | An Advertising Supplement to Crain’s New York Business Celebrating those who make a difference in real estate A Bigger Apple ear after year this is one of our favorite special sections at Crain’s: It features the honorees at the Real Estate YBoard of New York’s annual banquet. COMMERCIAL • RESIDENTIAL • RETAIL • FINANCE

The real estate professionals chosen for these awards have shaped the city where we live and work in countless ways, but their contributions are often imperceptible. The stories you will read here will give you a glimpse of the important work they do as they run the city’s commercial real estate business.

As someone who has grown up in New York City, gone to college here, and lives here with my husband and two children, I count myself lucky to have the opportunity to go about my daily life amid the city’s spectacular architecture. It’s easy to take it for granted as we rush to work, but when I notice the tourists who come here, cameras in hand, to capture the sights, I’m reminded of this city’s greatness and how fortunate we are to live in it.

We are delighted to partner with REBNY to shine a spotlight on the industry and the movers and shakers within it as they continue to find ways to enhance life in the five boroughs. In the pages to come, you’ll meet the luminaries who NEW YORK CITY’S LARGEST OWNER OF COMMERCIAL REAL ESTATE will receive public recognition Jan. 17 at REBNY’s 123rd annual banquet.

We extend an enthusiastic round of applause for their outstanding achievements.

Irene Bar-Am Advertising Director Crain’s New York Business

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S3 | An Advertising Supplement to Crain’s New York Business

SLG-2493 SL Green REBNY Ads - 2019_Crains 10.875 x 14.5_V3.indd 1 1/3/19 5:02 PM Table of Contents WE ARE THE

Introduction ...... S1

Opening letter ...... S3

REBNY President’s 2018 overview ...... S9 FUTURE Alex Bernstein ...... S13 OF REAL ESTATE Helena Rose Durst ...... S15 NEWMARK KNIGHT FRANK IS BREAKING

Ira Z. Fishman ...... S19 BOUNDARIES IN REAL ESTATE TECHNOLOGY and advancing the way owners and occupiers achieve Carol Kellermann ...... S21 their business objectives.

Diane M. Ramirez ...... S23 Developing the industry’s premier suite of proprietary and cutting-edge technology tools, we help our clients Daniel R. Tishman ...... S25 improve their real estate functions and rapidly track, From left to right: Alex Bernstein, Helena Durst, Daniel R. Tishman, Bill Rudin, Diane M. Ramirez, record and maximize the value of their data in markets John Banks, Bernard Warren, Carol Kellermann and Ira Z. Fishman. Bernard Warren ...... S27 Photo Credit: David Chen Photo throughout the world. Our innovation and foresight leads to business success. Businesses looking to the future look to Newmark Knight Frank. Advertiser Index ngkf.com Cushman & Wakefield ...... S2 650 Fifth ...... S14

Bryan Cave Leighton Paisner ...... S3 The Durst Organization ...... S16

SL Green Realty Corp...... S4 Handler Real Estate Organization ...... S17

Newmark Knight Frank ...... S6 Paramount Building ...... S18

The Feil Organization ...... S7 Jack Resnick & Sons ...... S20

George Comfort & Sons, Inc...... S8 Rockefeller Group ...... S22

CIT ...... S10 Halstead ...... S24

Kasirer ...... S11 The Carlton Group ...... S26

Kamber Management Co...... S12 Ogden Cap Properties ...... S28

S5 | An Advertising Supplement to Crain’s New York Business A Special Thank You To the Brokers and Tenants Who Helped Make 2018 a Successful Year!

FRED F. FRENCH BUILDING Franklin Weinrib Rudell & Vassallo P.C. 261 FIFTH AVENUE 841 BROADWAY Colliers International 551 5th Avenue Advance Denim Limited Ernst & Young Jonathan Zuckerman Appomattox Advisory, LLC CBRE Cushman & Wakefield CBRE City Hats Adam Leshowitz Sam Clark CREATIVE BY CONWAY+PARTNERS SCG Retail Chris Corrinet / Robert Hill / Hilary Whittier Dan Klores Communications, Inc. Amanda Keller / Grant Holtan JCJ Business Corp Newmark Knight Frank 853 BROADWAY Kaufman Leasing Company, LLC Indochino Gregory Wang 25 Madison The Dartmouth Company / Fritz Kemerling Newmark Knight Frank Jared Steinberg Distribio Biologique Bialow Realty / Corey Bialow Ben Shapiro / John Cilmi Maynard Cooper & Gale, P.C. Cushman & Wakefield Cushman & Wakefield Jack Erwin Barry Zeller 145 WEST 30TH STREET RKF Jim Federick / Gordan Hough MIQ Caleb Peterson Frost Lighting, Inc. MidCap Financial Services, LLC Cushman & Wakefield JLL Mephisto Shoes Cresa New York Frank Coco / Owen Hane Paul Formichelli CBRE Retail Services Group Peter Sabesan / Dan Taormina RG 29th Street I, LLC Amira Yunis / Tienn Wine / Anthony Stanford R2 Net, Inc. Newmark Knight Frank 2001 MARCUS AVENUE Savills Studley 570 LEXINGTON AVENUE Ben Birnbaum / Justin Pollner Lake Success William Montana Acrisure, LLC Asset TV The Brandman Agency Colliers, International Sol de Janeiro USA, Inc. Cushman & Wakefield Colliers International Gus Nuzzolese, Esq. Habendum, LLC Evan Algier Robert Gallucci Mike Anton Harley Fastman, Esq. Carrera Willowbridge 7 PENN PLAZA Real Estate Strategies, LTD The Bahamas Ministry of Tourism Brown Harris Stevens Carousel Industries Wayne Steinberg Bynam Wood, LLC Joel G. Burris Nick Gilman CBRE Horowitz Bellantone & Silver, PC Cornell University Workspace Thomas Haughton Navigator Consulting Cushman & Wakefield 200 WEST 57TH STREET Opentext Mike DiDonato Mark Weiss / Rob Eisenberg Dr. Appolon, DDS CBRE Vicus Partners Endicott Management Company Gerry Miovski / Masha Dudelzak GARDEN CITY CENTER BC Lewin Realty, Inc. 100 Quentin Roosevelt Boulevard Rene Hamilton Protax Consulting Services to Inspire Barry Lewin Garden City Dr. Tammy Chen, PLLC Hudson Real Estate Partners Bankai Group Sherry Patterson Realty Hudson Executive Capital Jack M. Senior Optimal Spaces CBRE Sherry Patterson ARTIST RENDERING Stephen Sunderland 250 PARK AVENUE SOUTH Roy Chipkin The Center for Anxiety, LLC Chopra & Nocerino MHP Real Estate Services Hudson Realty Capital LLC Digital Currency Group JLL Jesse Rubins / Jessica Trizano Handler Real Estate Organization Savills Studley Darell M. Handler Michael Mathias Joseph Lopresti Yoonchan P. Han, DDS, PC Located in one of the city’s most iconic • Full Floors / Large Blocks • New Expanded Through Viza Group Petrobas 257 PARK AVENUE SOUTH SUNRISE BUSINESS CENTER business districts, 135 W 50th Street is Available Block Lobby Maz Vizgalin Cushman & Wakefield 3500 Sunrise Highway Jonathan Schindler / Aron Schrier Bulletproof Great River a 925,000 RSF Class A office project • New Storefronts • Green Terrace Spaces 488 MADISON AVENUE Colliers International undergoing an extensive renovation to and Rooftop Pavilion Seiden & Schein P.C. Michael Thomas / Aidan Campbell Vitamin World Aecom Capital Newmark Knight Frank Cushman & Wakefield reimagine the modern office building • New Highly Amenitized CBRE / Adam Foster Michael Morris Blue Bottle Coffee Phil D’Avanzo and engage with today’s urban workforce. Second Floor • High Performance Cushman & Wakefield / Stephen Brey Newmark Knight Frank Design Standard Companies & Alcova Capital Marc D. Frankel Fellow Health Partners • Dedicated Lobby Eaton Electric Company JLL Coldwell Banker Commercial for Large Block User • Food Hall CBRE Randy Abend / Hayley Schoener Edward Pidgeon Rocco Laginestra / Jordan Donahue

Owner/Manager :: 7 Penn Plaza, NY, NY 10001 Member of www.135w50.com 212.563.6557 :: www.feilorg.com For leasing inquiries contact 212.481.1122 S7 | An Advertising Supplement to Crain’s NewNOTHING York Business BEATS 65 YEARS OF STABILITY.

CN018984.indd 1 1/8/19 2:51 PM

FO526.Lease Trans-REBNY Crains 1-14-19.indd 1 1/8/19 2:29 PM President’s take on 2018 A year of rapid change

monetary value for New York City’s 2,200 invest- This year, Gov. Andrew Cuomo and state leg- ment sales transactions jumped 20% year-over- islators are expected to revamp the city’s rent year to $21.6 billion in the first half. stabilization system. REBNY plans to put forth an argument that encourages investment in the “REBNY’s outlook for investment sales and the entire city’s housing stock and creation of affordable city’s future is an optimistic one,” Banks said. “New housing, Banks said. York will continue to maintain its standing as the greatest city in the world and a solid investment.” “REBNY is taking a proactive, multipronged John H. Banks approach to organize a broad-based coalition President, REBNY The Tax Cuts and Jobs Act around this issue, and we will continue to work Many in the city’s real estate community have with the Rent Stabilization Association to co- ne thing was certain in 2018: Little stayed been concerned about the impact of the Tax ordinate our efforts during the next legislative the same in New York City’s real estate Cuts and Jobs Act. session,” he added. Omarkets. The federal legislation caps state and local Amazon’s headquarters From federal tax reform to local debate over rent tax deductibility at $10,000 per year. In New Amazon’s announcement to open a second regulation, the Real Estate Board of New York had York, New Jersey and California, where the headquarters in Long Island City was big news, a full plate of issues. average SALT [state and local tax] deduction is given the nationwide competition to attract the $20,000, many are worried the law will cause giant e-commerce retailer. Other pressing issues facing the city’s real estate residents to leave for other, lower-tax states. community included declining retail rents in Man- Banks noted the move is expected to create hattan; Amazon’s decision to open a headquarters REBNY worked closely with its partners at the tens of thousands of good jobs. It “validates in the city; the rising value of investment sales; the Real Estate Roundtable in Washington, D.C., New York City as a global center for tech inno- growth of REBNY’s Residential Listing Service, an and other real estate constituency stakehold- vation,” the trade association’s president said. online property listing service; and the growth of ers to interpret and educate REBNY members real estate technology. about federal tax changes, Banks said. Amazon’s selection of a borough outside of Manhattan, Banks said, marks a major mile- Read on for a rundown on these key issues, with “Along with major education, public safety and stone in the long-term city and state economic insights from REBNY President John H. Banks. Realtor organizations, REBNY expressed deep development strategy to diversify the economy concern about the adverse economic impacts throughout the five boroughs. Changes in the retail market that the elimination of SALT would have on REBNY’s recent research shows that retail rents have constituents and municipal services, especial- “REBNY is a strong supporter of the project been declining in Manhattan’s top retail districts. ly education, public safety and infrastructure and all that it means for our future,” he said. across the country,” Banks said. “Gov. Andrew Cuomo and Mayor Bill de Blasio Customized real estate As of late November, REBNY found that among the deserve credit for their leadership in securing 17 corridors it studies, 15 saw rental prices drop- The cap on SALT was not the only aspect of federal this significant achievement.” ping from 2015 levels. There is, however, a bright tax reform that concerned the real estate com- spot in the city—Brooklyn—where retail rents rose munity. Last year the Internal Revenue Service The growth of REBNY’s Residential Listing financing solutions in many areas. published proposed rules that clarify whether bro- Service kers are eligible for a 20% pass-through deduction Last year REBNY’s Residential Listing Service In response to the retail market, the City Coun- included in the new federal tax law, REBNY said. marked the first anniversary of its syndication cil introduced a bill last year that would enforce service. The RLS is a property listing service A leader you can trust for senior secured real estate transactions commercial rent control. This legislation, Banks The law barred those who provide “brokerage ser- that enables brokers to send real estate listings said, was a result of a misconception that an vices” from receiving the tax cut, but the definition to a network of public real estate listing web- We leverage deep industry relationships, underwriting experience and market expertise to help real estate increase in vacant storefronts stemmed from of “brokerage” was unclear, REBNY found. sites through a centralized, single feed. organizations grow. We o­er acquisition and construction financing solutions for oƒce, retail, industrial, and rent increases and landlords’ unwillingness to negotiate with tenants. “The new IRS proposed rules state that the “The launch of RLS Syndication has empow- multifamily properties. services provided by ‘real estate agents and ered REBNY brokers and salespersons to send REBNY fought the bill, organizing more than brokers, or insurance agents and brokers’ are residential listings via the RLS to a growing Learn more about our real estate finance solutions. Visit cit.com/realestatefinance. 100 commercial brokers and property owners not excluded,” Banks said. “However, the rules network of local, national and international con- to testify at City Council hearings against the around the deduction are complicated, and sumer websites, and has ensured the accuracy legislation. The bill ultimately did not pass; both brokers should consult tax advisers.” of listings by centralizing listing data through a Mayor Bill de Blasio and the New York City Bar single feed,” Banks said. “The success of this Association found the council lacked the legal The supply of rent-regulated apartments effort is demonstrated by the participation of authority to adopt the legislation. One continuing area of concern in the real 600 residential brokerage firms, and 98% of estate community was whether there was a them have adopted Syndication.” Rising investment sales values sufficient supply of rent-regulated apartments REBNY found that investment sales values—that in the city. Some asked how the city’s land- The RLS also developed and launched a new com- is, the values of income producing commercial lords could collect adequate rents to maintain pliance tool that Banks called a “critical milestone real estate—rose in the first half of the year. buildings while still serving New Yorkers with in our commitment to clean and accurate residen- Following two consecutive years of decline, the moderate incomes. tial listings data.” ©2018 CIT Group Inc. All rights reserved. CIT and the CIT Bank logo are registered trademarks of CIT Group Inc. CIT Bank makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status.

S9 | An Advertising Supplement to Crain’s New York Business

Untitled-1 1 1/2/19 10:29 AM The Kasirer Team congratulates all of this year’s Kasirer LLC 321 Broadway, 2d Floor outstanding REBNY Real Estate Industry Leader New York, NY Suri Kasirer recipients, especially Daniel R. Tishman, a client 10007 Julie Greenberg whom we are so proud to represent! Carla Matero T: 212 285 1800 Kasirer is the #1 lobbying and government relations firm in Omar Alvarellos F: 212 285 1818 New York. We advocate on behalf of a wide range of clients Taína Borrero kasirer.nyc who seek local expertise in navigating the City. Ilona Kramer [email protected] Peter Krokondelas We advance our clients’ goals—building coalitions and David Lobl consensus and influencing decision-makers in the dynamic Jovia Radix political landscape that defines New York. Omar Toro-Vaca And our team of professionals, whose careers intersect Richard David at politics, policy and government, achieve victory Claudia Filomena on behalf of our clients with an unwavering commitment Varun Sanyal to the highest standard of ethics in the industry. Samantha Jones Fallon Parker Jennie Frishtick Jessica Madris Alexander Spyropoulos Megan Wylie Mendel Zecher Tracy Fletcher Denisse Giron Benjamin Kelly Elka Morety Malené Walters Katie Wilson S11 | An Advertising Supplement to Crain’s New York Business Honoree Q&A

Don’t know what a passive house is? Alex Bernstein wants to change that.

went in ground last year. It should be coming the Tax Cuts and Jobs Act of 2017? to market in mid-2019. It does affect some of the ownership Alex Bernstein, investment entities we tend to deal with. The The Young Real Crain’s: What was the most important Opportunity Zones are an offshoot of the Tax Estate Professional development at your firm in 2018? Cuts and Jobs Act. That’s something we’ll be EXCELLENCE of the Year Award I think that the passive house is pretty focusing on. We hope to do a few deals in the significant. Because we’re long-term owners Opportunity Zones in 2019. or Alex Bernstein, executive vice of real estate, we have a commitment to north president/new business at Bernstein Real Chelsea, where our family has been doing Crain’s: What qualities are most important FEstate Group, the future of real estate is business for four generations and we have to success for someone entering your field all about environmental sustainability. about 80% of our holdings. As long-term today? FROM THE holders, we want to do something that’s right What I told a group of students at Columbia Bernstein’s firm is building a 65,000-square- for north Chelsea, the city and the globe, so we Business School last year was anybody New High-end foot “passive house”—a highly energy- feel we’re ahead of the curve on this. It’s the can run numbers and anybody can figure efficient, climate-conscious building—at 211 W. right thing to do. out the valuation of a building or can do Innovative 29th St. that he hopes will be a model for other the quantitative analysis. What I think is GROUND UP projects. Crain’s: Where will you focus your business lacking is the creative, the marketing, how to Pre-builts strategy in 2019? differentiate yourself. “For us, becoming experts and being a leader A couple of things stand out. One is trying Ranging from and innovator in passive house development is to replicate the passive house in the new You must be able to take a risk and do 2,894RSF to 6,475RSF something we’re very proud of,” he said. Opportunity Zones. What I’d like to do is be something your neighbor is not doing. We able to find some sites, raise some money, try to do that on the Bernstein side. We try This year, Bernstein is REBNY’s Young Real raise some equity and replicate passive house to open doors, create opportunities with our Estate Professional of the Year. He’s been development in the boroughs. That’s one tenants. We try not to just perpetuate the an active member in the Young Men’s/ aspect we’ll be focusing on. concept of real estate as a commodity. We try Women’s Real Estate Association of New to engage people in the building. York, which chooses the award. The award Second, we are under contract on a $120 goes to a REBNY member who personifies million mixed-use Class B office building in Crain’s: What is your favorite spot in the strong integrity, professionalism and Chelsea. We are purchasing that and starting city to dine out with friends and family? personal ethics. the transition to upgrade it and to use our I have two answers. My current favorite Tower Floors secret sauce to do what we do best—leasing is ABCV. I have been vegan for the last While he focuses on passive houses, Bernstein and management. We’ll be focusing on that as seven months. ABCV is one of my favorite Available enjoys the challenge of rethinking residential well. restaurants. space in fresh ways. Crain’s: What impact do you expect from I opened a restaurant about four years ago 11,289RSF “We want to raise the water level for everyone Amazon’s opening in Long Island City? downstairs in one of our buildings as an in our community by providing messaging in It’s positive for New York and making New amenity to our tenants—Till & Sprocket. It’s 100% commission our lobby elevators, providing smart electric York less Manhattan-centric. At the same not a very famous restaurant, but it’s our paid on lease execution or water meters, energy transparency, great time, it’s going to put a lot of strain on the restaurant. We hold our Thanksgiving there. amenity space,” he said. “In order to really infrastructure. It’s also an opportunity to grow The restaurant closes for the holidays. It’s change the perspective of real estate as a that infrastructure. kind of an extension of our living room. It has commodity in New York, you have to think a lounge. We can put on the football game. We outside the box.” Crain’s: New York City’s infrastructure is get to drink and not drive and take home the ripe for improvement. What’s No. 1 on your leftovers and watch the game. Bernstein, who lives near Union Square with wish list? his wife and three children, works with his There needs to be a change and upgrade in Crain’s: When you’re not working, what’s Barry Zeller Jonathan Fales father, Asher Bernstein, 75, the chairman of the zoning of—I don’t want to say the whole your favorite way to relax? 212.841.5913 212.841.5989 the board at the family business. Although city—but many areas. The majority of the I am a New York Times crossword junkie. I Haley Fisher Michael Tranfalia his father has been transitioning out of the office buildings in Manhattan are old. They are like to do the crossword every day, and I like 212.841.7892 212.841.5981 business, “he still comes in most days,” prewar. They might be 60, 80, 100 years old. to have a tequila or a rye with that. I meditate Bernestein said. Their energy usage and systems are inefficient. every day, maybe 20 minutes every morning. Pierce Hance Their locations are overbuilt. There needs to be We have been doing that for over 10 years. 212.841.7641 Crain’s: What accomplishment were you a change in the zoning and height restrictions I like riding a bike. I try to be outside as most proud of in 2018? so it becomes easier and more cost-effective much as possible. I’m very committed to the I’d have to say the passive house on West 29th for landlords to upgrade Class B buildings. organization that is presenting the award, Street. It will be, for a few minutes, the tallest the Young Men’s/Women’s Real Estate residential passive house in Manhattan. We Crain’s: What effects are you seeing from Association of New York, as well. 650FifthAvenue.com

S13 | An Advertising Supplement to Crain’s New York Business

CN018989.indd 1 1/8/19 1:10 PM Honoree Q&A ADVISORS REAL ESTATE FOUNDATION RE ADVISORS PRIME MANHATTAN REALTY James Cleary Je Lerch Je Hersh THANK YOU Je rey Rosenblatt HUDSON REAL ESTATE PARTNERS RELO REDAC We are grateful to the CBRE Alexander Schwartz Shinya Sangu Shaping the future of New York City Scott Bogetti New York brokerage Cara Chayet JONES LANG LASALLE RETAIL WORX BROKERAGE by giving back Stuart Eisenkraft Bob Agelo Jonathan Krieger community for your Ramsey Feher Christian Allen Benjamin Friedland Kirill Azovtsev ROBERT K. FUTTERMAN Annette Healey units of rental housing projects. Among her Crain’s: It’s no secret that New York City’s support in helping us David Dusek Michel Cohen Brendan Herlihy projects have been Via 57 West, the residential infrastructure is ripe for improvement. Paul Ferraro Neal Ohm lease over 1,100,000 SF David Hollander Paul Formichelli Helena Rose superblock on the Hudson River; Helena 57 What’s No. 1 on your wish list? Gary Kamenetsky Erin Grace SAVILLS STUDLEY in 2018. David Kleinhandler Deborah van der Heyden West, a 38-story tower on West 57th Street that I love the prospect of these new forms of Nate Brzozowski Durst, The Joseph Mangiacotti Simon Landmann Nicholas Farmakis was the first voluntary LEED-Gold residential transportation, but we are kidding ourselves if Lewis Miller Matt Ogle Kenneth R. Gerrety Zev Holzman Robert Myers Bill Peters building in New York City; Frank 57 West, a we think that fixing the subways isn’t Priority Dan Horowitz Humanitarian Michael Poch Jason Schwartzenberg John Johnson 10-story, mixed-use residential, office and retail Zachary Price Patrick Smith Award One and essential for the survival of our city. Je rey Peck Jesse de la Rama Derek Trulson building on West 58th Street; and EOS, a 47-story Richard Schuham Kenn Rapp James Wenk Stephan Steiner o say Helena Rose Durst keeps a residential tower on West 31st Street. Crain’s: Change is sweeping retail and other Douglas Durst Clyde Reetz Corey Zolcinski Scott Sloves Greg Taubin busy schedule of civic and charitable commercial real estate sectors. What are Andrew Sussman KASSIN SABBAGH REALTY Mike Wellen STISSING REALTY commitments is something of an “As the line between life and work blurs, we the most interesting developments you’re Albert Manopla T Sacha Zarba Steven Solomon understatement. are building more and more amenities into our seeing? Marc Sitt COLLIERS INTERNATIONAL office buildings and providing more and more The merging of the residential and commercial LEE & ASSOCIATES WHARTON PROPERTY ADVISORS Jedd Horn Jonathan Durst Peter Braus Ruth Colp-Haber As this year’s honoree for the Kenneth R. Gerrety workspaces for our residents in our rental markets. Our offices look more like our Michael Joseph JP Sutro Humanitarian Award from the Real Estate Board buildings,” Durst said. residential buildings, and our apartment Mike Stone WINICK REALTY GROUP David Tricarico of New York, Durst juggles being a principal of the buildings look more like our commercial NEWMARK KNIGHT FRANK Steve Baker Durst Organization—one of the oldest family-run Crain’s: What accomplishment were you most projects. CRESA David Falk Louis Eisenger Noel Flagg Ken Hochhauser Jane Roundell real estate companies in New York City—with proud of in 2018? Ryan Gessin Danielle Winick Barry Spagna Stephen Gordon Je Winick leadership roles in some of the most visible 2018 was the year we simultaneously walked Crain’s: What effects are you seeing from Bob Stella Jason Greenstein organizations shaping the future of the region. and chewed gum in the residential division of the Tax Cuts and Jobs Act of 2017? Is it CUSHMAN & WAKEFIELD, INC. Scott Gutnick the Durst Organization. We kept our vacancy affecting your firm or your clients much? Michael Ippolito Stephen Bellwood Dan Katcher Durst, past president of New York Water rate in our 2,000 stabilized units below 5% while The office leasing market is pretty robust; Peter Berti Ross Perlman Conor Daugstrup Taxi/Circle Line Downtown, is credited with simultaneously planning and building the more however, the elimination of the SALT [state and Peter Shimkin Lou DeVanzo Hal Stein transforming it into a profitable mass transit, than 3,000 units we have under construction local tax] deductibility and the increase in the Gordon Hough Travis Wilson Jamie Katcher tour-and-travel operation that serves more than at Halletts Point in Astoria at the Sven in Long federal debt is not good for New York City. David Mainthow 1.5 million passengers a year. As the leader of the Island City. Douglas Regal David Rosenbloom organization, she won an increased minimum Crain’s: What qualities are most important Justin Royce wage for her 200 employees, bringing the figure Crain’s: What was the most important to success for someone entering your field Aron Schier Jonathan Schindler to $