Wealth-X, a Singapore-based researcher on very rich people, has published a list of the New York real-estate moguls with the highest personal fortune. And while Donald Trump may be the most famous among them, he is not the richest. Here are the top 10:
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New York’s 10 richest real estate tycoons
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PHOTO GALLERY: 70 Pine Reception
Rose Associates and its developer/owner partners DTH Capital hosted a reception for the retail brokerage community to highlight the availability of retail space at 70 Pine Street, the residential conversion of the million square foot 1932 Art Deco tower in the financial district. Guests were greeted by the 70 Pine Street guest services staff who explained the features and amenities of the 776 unit ultra-luxury rental building which opens to residents in the fall of 2014. Exclusive retail brokers SCG Retail and Williams Jackson Ewing were present to serve as hosts, and witnessed the random drawing of four valuable prizes by Adam R. Rose, Co-President of Rose Associates for four lucky winners.
Photos by Steve Friedman
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Extell celebrates One Riverside Launch
On Tuesday, November 19, 2013, Extell Development Company celebrated the official launch of One Riverside Park, its newest – and last – luxury condominium on Riverside South at 50 Riverside Boulevard. More than 250 brokers and guests attended the event held at the development’s sales and design center at 425 Freedom Place South at 62nd Street. One Riverside will feature 219 luxury condominium residences with interiors curated by interior designer Shamir Shah. Homes range in size from 850-square-foot one bedrooms to 6,000-square-foot seven bedrooms. Prices range from $1 million to $25 million.
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Groundbreaking at downtown Silverstein tower
On Tuesday, December 3, Silverstein Properties celebrated the start of construction with a ground breaking ceremony for the 82-story tower that will feature a Four Seasons hotel, restaurant, public plaza and private residences. Rising 926 feet, the highly anticipated Tribeca building will be the tallest residential tower in Downtown Manhattan and one of the tallest buildings in New York City, offering hotel guests and residents panoramic views of the Midtown skyline including all major landmarks and New York Harbor. Construction is slated for completion in 2016.
Located at Park Place and Church Street, the limestone tower will combine a 185-room Four Seasons-operated luxury hotel with 157 Four Seasons-branded private residences. Celebrated architect Robert A.M. Stern is designing every aspect of the private residence floor plans and interiors, while the hotel will feature interiors by Yabu Pushelberg. SLCE Architects is the architect-of-record for the building, and Tishman Construction is serving as Construction Manager for the project.
The Four Seasons Hotel New York Downtown will occupy the first 21 floors of the building that will also include a specialty restaurant operated by the Four Seasons. The remainder of the tower consists of a range of one to six bedroom residences.
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Enterprise honors Jim Buckley
On Tuesday, November 12, Enterprise Community Partners, Inc. honored Jim Buckley, executive director of University Neighborhood Housing Program (UNHP), with the Andrew Heiskell Community Renaissance Award at the New York office’s annual Gotham City Gala at Pier 60, Chelsea Piers.
The Gotham City Gala was attended by nearly 600 guests—including actor, activist, and Enterprise Trustee Edward Norton and Ford Foundation President Darren Walker—and has raised $910,000 to date. Bank of America was the capital sponsor for the event.
Jim Buckley was honored for his work in the Northwest Bronx—first as a community organizer and later as the executive director of UNHP—empowering residents, fighting for tenants’ rights, and advocating for quality affordable housing to help steward New York City toward a better future.
Enterprise created the Andrew Heiskell Community Renaissance Award in 1998 in honor of Andrew Heiskell (1916-2003), who served for 20 years as a national trustee of Enterprise and a founding member and Chairman Emeritus of Enterprise’s New York Advisory Board. Mr. Heiskell retired from Time, Inc. as Chairman and CEO in 1980. He was dedicated to making New York City a better place, and along with his wife Marian, contributed to the restoration of Bryant Park, and the revitalization of the New York Public Library System.
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William Frey, Senior Director of Preservation of Enterprise Community Partners New York; Edward Norton, Enterprise Trustee; Shola Olatoye, vice president and New York market leader of Enterprise Community Partners; Terri Ludwig, president and chief executive officer of Enterprise Community Partners; Jim Buckley, executive director of University Neighborhood Housing Program (UNHP)
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Icons of Art at Walker Tower
“Rolls-Royce Artist Talks – Icons of Art,ˮ a first-time event held at the newly converted luxury condominium building, Walker Tower, at 212 West 18th Street, featured a conversation with figurative painter Alyssa Monks. Held in cooperation with Rolls-Royce and the New York Academy of Art, several Rolls-Royces were on display outside the venue behind velvet ropes.
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Ceremony kicks off Miracle on Madison
The Miracle on Madison Avenue holiday festivities kicked-off with the 2nd annual holiday lighting ceremony “Light Up The Holidays” on Madison Avenue. Muffie Potter Aston and Courtney Arnot, Miracle on Madison Avenue Chairmen, along with MSKCC president, Martha Vietor Glass flipped the switch to ignite Madison Avenue’s “shooting stars” specially designed for the street lamp poles of the BID between 57th and 86th Streets. The Hewitt Carolers, a choir of second graders, performed holiday songs. A Miracle on Madison private kick-off reception in the Lee Mindel designed model apartment at 11 East 68th Street – the Marquand immediately followed the lighting ceremony. The reception was hosted by HFZ Capital Group, Miracle on Madison Avenue MSKCC Committee members, Town&Country editors and esteemed retailers on Madison Avenue including Hermès, Graff Diamonds, Max Mara, David Yurman, Gucci, Missoni, Mulberry, Ralph Lauren and Tory Burch.
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MRC holiday celebration
Over 600 guests joined Madison Realty Capital (MRC) for the company’s annual holiday celebration at The Top of the Standard, the rooftop venue at The Standard High Line hotel in the Meatpacking District. Friends of the company crowded around the circular bar, enjoying fine food and drink and unobstructed views of a huge swath of Manhattan skyline. MRC has enjoyed a successful year and the principals of the company were pleased to share the holiday spirit with all those who attended.
Photos by Richard Lewin
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Douglas Elliman at Art Basel Miami
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ULI honors Janette Sadik-Khan
The Urban Land Institute New York (ULI New York) hosted its Annual Holiday Party honoring Janette Sadik-Khan, Commissioner of the New York City Department of Transportation.
Members and guests gathered to celebrate the season and Sadik-Khan’s influential contributions to the City of New York, consistent with ULI’s Building Healthy Places Initiative, which highlights projects and places that improve the health of people and communities.
During her tenure as Commissioner of the New York City Department of Transportation, which she will conclude on December 13, Sadik-Khan has spearheaded the development of 59 public plazas and New York City’s bike sharing system, Citi Bike, with over six million rides in less than six months.
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Chien Dao, Founder, Chien Dao Studio; Jennifer Panciera, Vice President & Counsel, First American Title Insurance Co.; Tiffany Lau, Assistant Vice President, Chief of Staff, NYCEDC; Lauren Cahill, Development Director, AvalonBay Communities; Neil Hetherington, CEO, Habitat for Humanity
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PHOTO GALLERY: MNS Residential Brokerage Holiday Party
From left to right: Highylann Krasnow, Partner; Andrew Barrocas, CEO; Stephanie Andrews, Director of Operations; and Giuseppe Santoro.
MNS recently held its holiday party at the King and Grove Hotel in Williamsburg. Brokers, friends and family were in attendance as Andrew Barrocas, CEO of MNS kicked off the festivities to celebrate another successful year at the real estate brokerage firm specializing in the marketing, rental and sale of residential properties in New York City.
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TOWN throws annual holiday party
TOWN Residential hosted its 3rd annual holiday party at the TAO Downtown last week. The celebration drew 800 attendees to the Asian-style restaurant, where TOWN’s representatives, staff and guests, dressed in their sharpest attire, were treated to signature drinks, sushi and various appetizers as well as a full buffet.
“We have a lot more work to do as we head into 2014,” TOWN’s founder Andrew Heiberger said. “I am looking forward with great optimism and excitement as we continue our ascent to the top of our industry, and we have a tremendous plan to get there.”
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Platinum Properties celebrates good year
Platinum Properties celebrated the holiday season and its continued success with friends and colleagues at Cipriani Wall Street. Despite a snow storm, Platinum hosted more than 200 guests. The steadily growing firm, which is known for such notable transactions as the $13 million penthouse sale at 200 Chambers Street and the $25 million Continuum Miami penthouse sale, had a lot to celebrate in 2013. Platinum has quadrupled its exclusive listings in the past year. Additionally, the firm has seen the overall dollar value of its exclusive listings increase threefold as the firm’s focus on representing premiere properties expands.
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Moinian Group celebrates the holidays
The Moinian Group’s holiday party was held on December 11 at the Espace event space next door to Atelier, the luxury 46-story residential tower on Manhattan’s West Side that the company built in 2007. Some 400 guests attended and enjoyed an international buffet, a Johnnie Walker Gold Label Reserve tasting and danced to the sounds of the live band, Soul Connection. The company recently named Bill Wallerstein head of construction and development for a new Moinian tower once dubbed Atelier II being built at 605 West 42nd Street. Upon completion, which is slated for the third quarter of 2015, the 60-story, 1.16 million-square-foot luxury, mixed-use glass tower will have 1,174 units rental units (from studio to two bedroom) and approximately 50,000 s/f of retail space with 200 ft. of frontage on 11th Avenue and a parking garage with nearly 500 parking spaces. This building will rise just to the north of Moinian’s 3 Hudson Boulevard, giving residents access to Hudson Park & Boulevard, the new 7 line extension, and the Highline Park.
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PHOTO GALLERY: Douglas Elliman celebrates Art Basel with Miami yacht party
Jennine Gourin, Howard Lorber, Serena Williams, Jason Callender, Howard Lorber and Susan DeFranca Host a Sunset Reception Aboard Aviva Motor Yacht, Aviva Motor Yacht Photo by Patrick McMullan
Guests recently joined Howard Lorber and Susan DeFranca of Douglas Elliman Development Marketing aboard Aviva Motor Yacht in Miami Beach to celebrate Art Basel and Albany, the luxury Bahamian resort.
Guests attending this exclusive event included Dottie Herman, President and CEO of Douglas Elliman; Serena Williams;Jason Callender, Managing Director of The Albany Resort, Bahamas; Jay Parker, President and CEO of Douglas Elliman’s Florida brokerage; Stephen Kotler, COO of Douglas Elliman; Horacio LeDon, President of Florida’s Douglas Elliman Development Marketing; Luis D. Ortiz, Josh Altman and Heather Bilyeu, stars of BRAVO’s Million Dollar Listing NY & LA; Neal Sroka, Oren and Tal Alexander, Dennis Mangone, Chris Leavitt, Jared Seligman, Maria Babaev, and Toni Haber, all of Douglas Elliman.
Photos by Patrick McMullan
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Jennine Gourin, Howard Lorber, Serena Williams, Jason Callender==Howard Lorber and Susan DeFranca Host a Sunset Reception Aboard Aviva Motor Yacht==Aviva Motor Yacht, 300 Alton Road, Miami Beach, FL==December 7, 2013==©Patrick McMullan==Photo - Patrick McMullan/ PatrickMcMullan.com====
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Fried Frank annual holiday party
Leaders from New York’s commercial real estate industry gathered for Fried Frank’s annual real estate holiday party at Cipriani 42nd Street on December 3. The approximately 1,100 attendees included recognized industry players.Jonathan Mechanic, chairman of Fried Frank’s Real Estate Department, hosted the event along with his fellow real estate partners.
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IFMA toy drive
The New York City Chapter of International Facility Management Association (IFMA NYC) 2013 Holiday Party raised over 200 toys for the Fraternite Notre Dame Toy Drive. IFMA NYC members presented the toys to children and their families at the Fraternite Notre Dame’s soup kitchen in East Harlem on Friday, December 20, 2013. The holiday party was held on Tuesday, December 10, 2013 at B. Smith’s New York City. Over 180 IFMA NYC members attended the holiday party, bringing unwrapped toys and monetary donations for the toy drive.
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Blackstone boss optimistic about 2014
Jonathan D. Gray, Global Head of Real Estate for Blackstone, expressed optimism for the future of the real estate market at The Real Estate Board of New York’s (REBNY) Holiday Luncheon on Tuesday, December 17 at the Waldorf Astoria Hotel.
The annual event was organized by the REBNY Commercial Brokerage Division and sponsored by Tishman Speyer, The New York Times and Cushman & Wakefield.
On the US real estate market, Gray explained that home prices in distressed markets are back to 2003-2004 levels, but the country still has a long way to go in housing recovery.
However, the incredible lack of new supply and need for homes has provided the opportunity for investment which has been a driving factor for Blackstone and their purchase of 42,000 homes nationally for renovation. In looking to the future, he noted that the long-term priorities for the US should be: getting the fiscal situation under control, making a greater investment in infrastructure and transportation, and improving immigration policy.
His optimism also extended to New York City’s real estate market, despite the continued constrain on supply. He remains bullish on Brooklyn, the area around Bryant Park, and street retail. On the global market, Gray expressed a sober view of Europe, a bullish view on China and its long-term future, and greater interest in the emerging markets, which include Brazil, Turkey and India. He predicted that the market will continue to see sovereign wealth funds as dominant investors in the global marketplace.
Photos by Ossie Shemtov
Gray closed his address reinforcing a positive outlook overall for economic growth and the future of the real estate market for 2014.
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Photos: 30th annual Empire Ball
The real estate industry’s venerable Empire Ball, which benefits the Diabetes Research Institute (DRI) (www.diabetesresearch.org), celebrated its 30th incarnation on Wednesday, December 11th, at New York’s Grand Hyatt Hotel. Nine hundred guests were treated to a wonderful evening, as they mingled, dined, danced, and paid homage to the evening’s honorees.
[[Show as slideshow]]Ball Chairman Peter L. DiCapua, Chairman of CodeGreen Solutions, kicked off the program by thanking those in attendance for the tremendous support to the DRI that they provide. Peter advised that, over the 30-year span of this industry event, more than $32 million has been raised for diabetes research. This year’s event has raised in excess of $1.25 million, which includes an overwhelmingly generous anonymous gift of $100,000.
Peter thanked the many Chairs, Committee members, and media partners who contributed to the evening’s success. He singled out for special recognition his friend, and the man who brought the Ball to fruition, Charlie Rizzo, Principal of The Rizzo Group. Peter then introduced the evening’s master of ceremonies, award-winning co-anchor of WCBS2 News, Chris Wragge.
Chris charmed the crowd with his trademark warmth and humor, and cited the evening’s top-level supporters and gift-bag donors. Chris introduced Dr. Camillo Ricordi, Scientific Director of the DRI. Dr. Ricordi expressed his gratitude to the audience for their incredible ongoing support, which has made possible the research that proves islet transplantation can restore natural insulin production in clinical trials; with some patients now living free of insulin injections for more than ten years. Today, the DRI is taking the next quantum leap to a cure with the advent of the DRI BioHub, a bioengineered mini-organ that mimics the native pancreas, which will contain insulin-producing cells that sense blood sugar and release the precise amount of insulin in real-time.
Dr. Ricordi introduced a short video, which captured a visit to the DRI by the Ball’s three honorees, each of whom was featured commenting on the powerful impression that their tour of the Institute left on them. Referring to the research, honoree Joe “Dee” Dussich commented, “The advancements blow me away.”
The program then moved to recognize the stars of the evening, the event honorees. The recipient of this year’s Distinguished Service Award, Joe “Dee” Dussich, CEO and President of JAD Corporation of America, was introduced by last year’s award recipient, Frank Freda, Executive Managing Director at Cushman & Wakefield. Frank sang Joe’s praises and brought him up to the podium. Joe, a long-time supporter and friend of the Empire Ball, thanked everyone involved for the honor, and mentioned in particular, his wife Victoria, his sons and business partners, James, Jeff, and Joe, Jr., and his assistant Amie. Joe asked his great friend and football notable, Boomer Esiason, to come up and say a few words.
Boomer regaled the audience with the story of how he met Joe, which began with an invitation 20 years ago from his 8-year-old neighbor, James Dussich, to come on over to the house for dinner. When Boomer showed up at the front door, Joe Dussich was nothing if not surprised, and that meal became the beginning of a beautiful friendship.
Boomer Esiason, who runs a foundation dedicated to fighting cystic fibrosis, spoke about the value of private funding to the work of organizations fighting diseases such as diabetes and cystic fibrosis, and he encouraged the audience to continue their generous philanthropic support.
Richard Wood, President of Plaza Construction and last year’s recipient of the Camillo Ricordi Humanitarian Award, came up to present this year’s award to Jay Badame, President and COO of NY/NJ/PA Tishman Construction, an AECOM Company. Jay talked about his impressions of the DRI and in particular, he noted the passion of Dr. Ricordi and his team in their work toward a cure. Particularly proud audience members were Jay’s fiancé Linda D’Alessandro and son Mike.
Al Amore, Senior Vice President at Trinity Real Estate, then introduced the 2013 Leadership honoree, Andrew Cooke, Vice President Property Management with Hines aaf Morgan Stanley. Andrew indicated how honored he was to receive this award, and he thanked the many supporters of the DRI who were in attendance. He also thanked his own support team – wife Wendy, sons Reese and Ryan, and daughter Remi – all of whom were in attendance. The Cookes understand all too well how diabetes affects a family, as Wendy experienced gestational diabetes with each of her pregnancies. Regarding the race toward a cure, Andrew invoked the words of his lifelong inspiration, Nelson Mandela, who said, “It only seems impossible until it is done.” Andrew’s avowal that soon, a cure will be the standard of treatment, was met with rousing applause. Andrew’s parting words to the audience, in deference to Nelson Mandela’s personal doctrine, were “love what you do, lead by example, and leave a lasting legacy.”
Peter DiCapua closed the program by thanking everyone for being there. Guests danced the evening away to the incredible sounds of The Jay Prince Band.
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HKS Holiday Party
HKS Capital Partners hosted its annual Holiday Party at Il Cantinori in Greenwich Village where clients and friends of the growing commercial real estate advisory firm came to celebrate with HKS Founders Jerry Swartz, Ayush Kapahi and John Harrington. “HKS Capital had a great 2013 and we are already on our way to making 2014 even bigger and better for all our clients,” said Kapahi.
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