Commercial Observer POWER 100 Section 2011

26 May 3, 2011

T
his list in 2009 and 2010 refected a recessionary New York, one thoroughly upended
by economic maelstroms like high unemployment and the odd major bank collapse. No
one had need of more ofce space; no one had fnancing for investments; no one had
much to do save get on the blower and commiserate, or, on the odd workday, try to set
up sit-downs or walk-throughs. The president of the United States was No. 1 in 2009,
because everyone looked to the government for help. Toss me some TALF!
Then, inevitably, as these things seem to go in New York and not in places like Vegas or Mobile,
a thaw began. The frst inklings came amid the end of landlord concessions, whether for ofce
tenants or those in apartments. Then, round about the summer of 2010, the news of major leases
trickled outforemost, perhaps, that of Si Newhouse (No. 51) intending to park his Cond Nast
publishing engine in 1 World Trade, where the development has been organized by the Port Au-
thority, led by Chris Ward (No. 70), and where Douglas and Jody Durst (No. 1) have the big private
stake. (And simply that there is a 1 World Trade, more than halfway to its 1,776 feet now, is itself
a sign of recovery.)
Then, the statistics across the board began to validate the gratingly chipper chatter as ofce
leasing and investment sales picked up, and the housing market steered well clear of an assumed
double dip. Suddenly, by the close of 2010, it wasnt all so much bullshit; the recovery was hap-
pening.
The list now is meant to refect that. Three big things about it:
Not since our inaugural Power 100 in 2008 has the upper echelon been so dominated by the
familiar moguls, but not all are patronymically so. Theres a rustling at the top. There are the
Durst cousins, yes, and Anthony Malkin (No. 12), Donald Trump (No. 14), the Speyers (No. 15) and
Richard LeFrak (No. 20)and, for that matter, Andrew Cuomo (No. 2)but also the boot-strap-
py likes of Mort Zuckerman (No. 5) and Andrew Farkas (No. 11), and our very own Richest Guy in
Town, Michael Bloomberg (No. 7). We also have relative newcomers, like the benignly voracious
Gary Barnett (No. 6); the seemingly ruthless Mikhail Prokhorov (No. 24); and the oddly familiar
Scott Rechler (No. 19), back in Manhattan in a big way.
Also, the highest-ranking workaday brokers (aside from REBNYs chairwoman, Mary Ann
Tighe, at No. 18) are Mitchell Steir and Michael Colacino at No. 33, right behind moguls Larry Sil-
verstein and Bill Rudin, respectively. Messrs. Steir and Colacino run Studley, a leading tenant-rep
frmnot a bad spot to be in now that the commercial market has turned in favor of landlords,
and tenants need hand-holding. Other brokers, particularly those in ofce leasing and invest-
ment sales, sprinkle the lists top two-thirds in the Studley gentlemens wake.
Finally, youll note the likes of Jay Sugarman (No. 21) and Charles Spetka (No. 27). They and a
couple of others have rushed the market in the past year or so to capitalize, literally, on those dis-
tressed assets ankling into the recovery. There are more special servicers, as theyre euphemisti-
cally called in the industry (thumb breakers would be too direct), on the list than ever before.
A few fnal notes. As in previous years, the list remains overwhelmingly male (there are 10
women) and white (Chinas president, Hu Jintao, at No. 9, is the highest-ranking exception), quite
the feat amid the worlds most diverse city. Twenty-seven names from last year didnt make the
cut this year; last years Power 100 runs along the bottom of this spread, and an entrants 2010
rank appears in parentheses after his or her name, if relevant.
The list was chosen internally by The Observer using subjective criteria, and any comments
can be made through our Web site, or by shouting from a moving Town Car on West 44th Street.
Slow as you near the InterContinental Hotel; face left.
the power
100
The Most Powerful People in New York Real Estate
the commercial observer | observer.com May 3, 2011 27
observer.com | the commercial observer 28 May 3, 2011
1
Douglas and Jody Durst (8)
Chairman and president, respec-
tively, of the Durst Organization
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The third-generation heads of this sto-
ried real estate family were at the LEEDing
edge of pushing green buildings a decade
ago, and now they may just lead us out of
the recession. Durst/Fetner is working on a
residential site on 31st Street and Sixth Av-
enue that may be one of the frst major proj-
ects out of the ground post-Lehman. But it
is their BIG pyramid at 57th Street and the
Hudson that could ensure the new wave
of brash buildings did not wash away with
the recession. And need we mention draw-
ing Cond Nast from their 4 Times Square
to 1 World Trade? We need to: It could help
upend the relationship between midtown
(bride) and downtown (always the brides-
maid).
2
Andrew Cuomo (15)
Governor of New York
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The onetime enfant terrible of the Dem-
ocratic machine has come into his own. But
why would this Albany macher with Queens
roots be so high on a list dominated by Man-
hattanites? Because so much of what Big
Real Estate cares about in this town comes
down to Mr. Cuomos pen or pulpit, includ-
ing, but not limited to, rent regulation, 421-
a and property taxes. The industry teems
with fans of hisJerry Speyer (No. 15) was
Mr. Cuomos biggest individual donor in
2010a love his dad most defnitely never
felt.
3
Marc Holliday and Andrew
Mathias (2)
CEO and president, respectively,
of SL Green
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
While its status
as the citys larg-
est commercial
landlord can be
disputed (see No.
4), what cant be
argued is that un-
der Messrs. Holli-
day (pictured) and
Mathias, SL Green
has posted some of
the most enviable
numbers in New
York in recent memory. To wit: As of last
month, the REIT owned a fnancial stake in
61 properties across the city. As it and other
REITs gobble up distressed hospitality as-
sets as part of a cresting hotel boom, expect
those numbers to continue rising.
THE POWER 100
1
Jody and
Douglas
Durst
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4
Steve Roth and Michael Fasci-
telli (4)
Chairman and president-CEO,
respectively, of Vornado Realty Trust
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Vornado has qui-
etly become the
most widely spread
REIT in town, with
a full or partial in-
terest in 95 prop-
erties. Just within
the past year, they
took a 25 percent
stake in special
servicer LNR Prop-
erty Corporation,
bought a $600 mil-
lion stake in JCPen-
ney and joined with
SL Green to recapi-
talize 280 Park Ave-
nue. Mr. Roths bud-
dy Bill Ackman (No.
17) summarized it
best: Vornado, he
said, is the only
REIT thats oppor-
tunistic.
5
Mort Zuckerman (3)
Chairman of Boston Properties
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Boston Prop-
erties just needs
one major tenant
and it could break
ground on 125 West
55th Street, the
frst ofce develop-
ment since SJPs
11 Times. Mean-
while, the landlord
has brought No. 85
Harry Macklowes
former 510 Madi-
son back to life, with rents north of $100
per square foot and a possible lease by SAC
Capital. The REIT owns or has a stake in 14
properties around the city, focusing on the
high-end ofce properties that are coming
out of the recession especially strong.
6
Gary Barnett (58)
President of Extell Develop-
ment
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
In July 2009, this
newspaper dubbed
Mr. Barnett the
busiest man in New
York real estate.
We werent lyin
though the Extell
chief has taken it
up a notch of late.
The International
Gem Tower on 47th
Street started to go
vertical this year, and workers are busy at
a 70-story hotel-condo on 57th Street. Plus,
Mr. Barnett has recently been buying prop-
erties like mad near the Gem Tower. More
to come coming out of the recession? You
will read it here frst.
7
Michael Bloomberg (9)
Mayor of New York
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The Christmas blizzard, Cathie Black and
a high real unemployment rate havent been
good for a mayor sufering from third-term
fu. But Mr. Bloomberg remains immensely
infuential for Big Real Estate, especially
when it comes to incentivizing develop-
ment and ensuring plenty of fresh spaces
for it (read: rezonings). It doesnt hurt that
hes the richest guy in townthis is New
York, so that mattersand that he uses his
ofce to advocate the sorts of pro-business
policies that make the industry swoon.
8
Jonathan Gray (5)
Senior managing director and
Real Estate Group co-head at
Blackstone
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Blackstone, the
worlds largest pri-
vate-equity group,
walloped analysts
expectations in the
frst quarter of this
year and boasted its
best three months
since becoming a
public company
several years ago.
The frms success
was largely cred-
ited to its real estate investments, led by
Mr. Gray. The boy wonder fnally cracked
40 this year, and recently Blackstone an-
nounced that it is planning to raise its next
real estate fund, with a target of about $10
billion, later this year.
THE POWER 100
Stephen Ross 1.
Marc Holliday and 2.
Andrew Mathis
Mort Zuckerman 3.
Steve Roth and 4.
Michael Fascitelli
Jonathan Grey 5.
Barry Sternlicht 6.
LAST YEARs POWER 100
LEADERS I N OWNER REPRESENTATI ON
absre.com
AND ALL OF THE
NEW YORK OBSERVERS
100 MOST POWERFUL PEOPLE
IN REAL ESTATE
EARLE ALTMAN
We Congratulate
Earle S. Altman
Steven Hornstock
James Caseley
Alan S. Cohen
Jason Fein
Mary Gallagher
Robert Hadi
Jay Kreisberg
Keith Lipstein
Wynn Mazey
Douglas Regal
Michael Sass
Tom Schwartz
Steven Solomon
Dean Valentino
Gregg L. Schenker
Peter Burack
John Ambrosini
Martin Cappa
Jay Einbender
Ken Findley
John L. Gols
Jason Kling
Joseph LaRosa
Adam Maxson
Rick Meyerson
Amy L. Murwaski
Hector Rodriguez
Ilyse Schwartz
Jack Selig
Mark Tergesen
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observer.com | the commercial observer 32 May 3, 2011 the commercial observer | observer.com May 3, 2011 33
9
Hu Jintao
Chinas president and general secretary of
the Chinese Communist Party
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mr. Hu represents the Chi-
nese investors who have beat a
steady march to iconic New York
properties recently. Li&Fung
signed one of the largest leases
since Lehman, nearly 500,000
square feet, at the Empire State
Building. Vantone Industrial is
the only private tenant to have
closed a deal at the erstwhile
Freedom Tower. A Chinese con-
struction frm also purchased
the landmarked American Bank
Note Building. Chinese banks also quietly helped ref-
nance local towers, in a sign the original other Red State
is here to stay.
10
Stephen Ross (1), Jef Blau and
Bruce Beal
Chairman and CEO, president
and executive vice president, respectively, of the
Related Companies
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
In Miami he may be best known as the owner of the
Dolphins, and in Michigan as an active philanthropist;
but if Mr. Ross name rings a bell in New York, he has real
estate to thank for that. With his net worth at reportedly
$4.5 billion, Mr. Ross and the leadership team of Mr. Blau
(he works big-picture development mostly) and Mr. Beal
(he works day-to-day oversight of said development)
have consistently stewarded big ideas, notably the de-
velopment of the Time Warner Center and now the cre-
ation of the mini-city over the old Hudson Yards.
11
Andrew Farkas
(12)
Chairman and
CEO of Island Capital
......................................
Since liquidating nearly all
of his co-investments with Dubai
World following what can fairly be
described as seven of the most devel-
opment-crazy years ever recorded
in the emirate, Mr. Farkas (pictured
with his wife, Sandi) has continued
to invest across the world. When he
isnt building high-end marinas and fve-
star hotels, the babe magnet and real estate
magnate is likely yachting or glad-handing the
most powerful people in the world (including his former
employee, Andrew Cuomo, No. 2).
12
Anthony Malkin (18)
President of Malkin Holdings
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Following lengthy litiga-
tion against former investment
partner Helmsley-Spear that
resulted in the fnancial untan-
gling of 10 Manhattan proper-
ties, Mr. Malkin led a mission
to reposition each and every
one, including the Empire State
Building. The work now nearly
completed on all of them, the
company has seen dramatic
leasing activity throughout its
portfolio of buildings. Not too
shabby for a supposedly great
recession.
THE POWER 100
10
Stephen Ross
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Janette Sadik-Khan (95)
Commissioner of the Depart-
ment of
Transportation
......................................
Love her or hate
her, no one has trans-
formed more of the
city over the past two
years than the strong-
willed transportation
czarina. From Broad-
way to Water Street
to Dumbo, Ms. Sadik-
Khan has created sim-
ple sanctuaries with
little more than as-
phalt, paint and some
folding chairs. More
plazas are on the way,
as are fancy new bus lanes, from the East Side
to 34th Street and into the heart of Brooklyn.
But it is another set of exclusive lanes, ones
involving bicycles, that have shown her true
power as Mrs. Moses.
14
Donald Trump (16)
CEO of the Trump Organiza-
tion
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
On page 198 of his
2007 book, Think Big
& Kick Ass in Business
and Life, Mr. Trump
advises, Because I
get screwed all the
time, I go after peo-
ple. You know what,
people dont want to
mess with me as much
as others. They know
if they do they are re-
ally in for a big fght.
Always get even. The developer of such city
sites as the Trump International and Trump
Place is not to be trifed withhe remains the
personifcation of New York real estate for the
masses.

15
Jerry and Rob Speyer (11)
Co-CEOs of Tishman-Speyer
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
For the average New Yorker, setbacks in-
clude heavy trafc on the BQE, say, or rain de-
lays at a Mets game. For the Speyers, a typical
setback might include the $5.4 billion debacle
of Stuy Town. Even as that big investment un-
raveled alongside the economy, it remained
business as usual for the mega-landlords, who
have continued to gobble up trophy assets all
across the globe, including a $95 mil-
lion asset in Paris and ofce towers in
Washington, D.C.
16
Barry Sternlicht (6)
Chairman and CEO
of Starwood Capital
Group
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Even three
years after the re-
cession frst sent
shivers down the
spines of real es-
tate investors,
money is still
hard to fnd. But
not for Mr. Stern-
lichts Starwood,
which only a month
ago deployed $352
million through
threethree!
separate transactions. Among them,
the origination of a $30 million mezz
loan on an Upper East Side boutique hotel put
the private frm on top of a hospitality boom
that experts believe will continue, unimpeded,
through the near future.
17
Bill Ackman
Founder and manager of Per-
shing Square Capital
He may be a hedge fund manager, but an
upbringing in the bare-knuckle world of New
York City real estate made Mr. Ackman one of
Wall Streets shrewdest investors. From his
failed takeover of Target (and subsequent suc-
cess at JCPenny with No. 4 Steve Roth) to his
jaw-dropping buy of bankrupt General Growth
Properties, he looks at publicly traded compa-
nies as if they were property. Like Stuy Town,
where he may not have won out but still broke
even by making CW Capital buy him out.
18
Mary Ann Tighe (7)
Regional CEO of CB Rich-
ard Ellis and chairwoman of
REBNY
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Last year, Ms. Tighe
was sworn in as the
frst female chair ever
(and frst broker in 30
years) of the Real Es-
tate Board of New York,
the 114-year-old group
that secretly runs the
city. For the industry, it
was a major milestone,
but hardly the frst big
achievement in Ms.
Tighes prolifc career.
Her current clients in-
clude biggies like Cond Nast, the Times Com-
pany and the Catholic archdiocese of New
York.
19
Scott Rechler
Chairman and CEO of RXR
Realty
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Formed shortly after the sale of Reckson As-
sociates to SL Green in 2006, RXR and its chief
e x e c u -
tive, Mr.
Rechl er,
sat on the
si del i nes
throughout
the dark-
est days of
the econom-
ic collapsein
part because of
a non-compete
agreement with
SL Green. Now back in action since
2009, the company has amassed some
$4 billion in assets and about 11 million
square feet of property. Most recently,
the group bought into a partnership in-
terest at 340 Madison Avenue and took
1330 Avenue of the Americas.
20
Richard LeFrak (10)
Chairman and CEO of the
LeFrak Organization
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If youve ever driv-
en through Brooklyn,
Queens or New Jer-
sey, chances are youve
come across one of
the more than 70,000
mostly blue-collar
apartments developed
by the LeFrak Organi-
zation since its start
in 1901. But under the
blunt Mr. LeFrak, the
companys third-gen-
eration president, the group has swerved in a
new direction, primarily toward upscale resi-
dential assets and loads of commercial ofce
properties, which now represent 40 percent of
its income.
21
Jay Sugarman (52)
CEO and chairman of iStar
Financial
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Look no further
than the ticker to see
that among mortgage
REITs, iStar Financial
is the leader of the
pack. Last month, in
fact, the group outper-
formed all competi-
tors by posting a 77
percent gain in trad-
ing activity on April
17. Meanwhile, after
months of shopping
around $84 million in debt at the foreclosed-
upon 47 East 34th Street, Mr. Sugarman, it ap-
pears, may have fnally found a buyer in the
investment frm CIM Group. If the troubled
building changes hands, it will be another ac-
complishment.
22
Sheldon Silver (17)
Speaker of the New York
State Assembly
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If youre reading
this paper, chances are
youre a real estate in-
dustry professional.
Whats also somewhat
likely is that you pull in
more than $300,000 a
year. If thats you, then
Mr. Silver is your guy.
In ofce since God was
a boy, the speaker is
calling for a controver-
sial expansion of rent-
regulation laws that would ofer protection to
some of the citys wealthiest people. Love him
or hate him, Mr. Silver will not be ignored.
23
Howard (21) and Steve
Rubenstein
Chairman and president,
respectively, of Rubenstein Communica-
tions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Talk to a reporter,
likely a member of the
so-called liberal me-
dia, and most will say
it isnt the oil barons,
gun lobbyists or Sar-
ah Palin that truly ruf-
fe their feathers but,
rather, the spokespeo-
ple representing them
and others. Be that as
it may, these are the
gatekeepers who keep
their clients on top and the journalists at bay.
For this father-son duo (father pictured), that
strategy is routinely applied to many of the
names on this list.
24
Mikhail Prokhorov (43)
Controlling owner of the
New Jersey Nets
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
When Mr. Prokhorov stepped forward last
year as the new owner of the New Jersey Nets,
he not only established himself as the latest
real estate investor to interlope the citys grid-
lock of property assets, but also forced himself
onto Gothams cultural scene. So much so that
New York magazine named him as the leader
of the citys Global Russians. Whether he can
really make it in this town has yet to be seen,
but, either way, for now hes bought himself a
ticket to the top.
THE POWER 100
17
Bill Ackman
24
Mikhail
Prokhorov
Mary Ann Tighe 7.
Douglas and Jody Durst 8.
Mike Bloomberg 9.
Richard LeFrak 10.
Jerry and Rob Speyer 11.
Andrew Farkas 12.
Carlos and Tony Slim 13.
Craig Newmark 14.
Andrew Cuomo 15.
LAST YEARS POWER 100
A
P
P
L
A
U
S
E
We salute
our leaders
Marc Holliday
Chief Executive Of cer
and
Andrew Mathias
President
on being recognized
by The New York Observer
for the third consecutive
year among the Top 100
Most Powerful People
in Real Estate.
Congratulations to
all the honorees.
25
Robert Stuckey, Mark
Schoenfeld, and Andrew
Chung (50)
Managing directors of the Carlyle
Group
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
How could the Carlyle Group and its
partners possibly top last years bonanza
$300 million lease to Japanese retail cloth-
ier Uniqlo at 666 Fifth Avenue? Why, by en-
listing Messrs. Stuckey, Chung (pictured)
and Schoenfeld to do more of the same. As
managing directors, the team has been be-
hind some of the citys biggest deals of the
last few years, and few real estate observ-
ers believe that their pace will slow soon.
26
Christine Quinn
Speaker of the New York
City Council
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
No public ofcial has been quite so vocal
a critic of Wal-Marts entry into New York
as Ms. Quinn. Wal-Mart is something I am
not supportive of, she said plainly back in
December. Since then, shes met with exec-
utives at the retail behemoth and watchers
say she is trying to strike a middle ground.
If the countrys largest retailer does secure
entry into the city, it will no doubt signal a
rush of new real estate activity across the
boroughs. That is, if Ms. Quinn, a 2013 may-
oral hopeful, allows it.
27
Charles Spetka (32)
President of CW Capital
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
When the econ-
omy tanked, Mr.
Spetka of CW Capi-
tal Asset Manage-
ment came running.
As a special ser-
vicer, the company
has been behind the
complicated fnan-
cial restructurings
of some of the citys
most mammoth
properties, includ-
ing Stuyvesant Town and Peter Cooper Vil-
lage, Riverton and the W Hotel Downtown.
Slowly but surelyand very quietly, too
the group is becoming a big player.
28
Christoph Kahl, Matt
Bronfman and Michael
Phillips
Founder and managing directors, re-
spectively, of Jamestown Properties
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
For the 27-year-old Jamestown Proper-
ties, moderation has been a guiding light,
and never more so than during this latest
economic cycle. For Messrs. Kahl, Bronf-
man and Phillips, the strategy has paid of.
While inching toward what may well be
a whopping $1.9 billion sale of its 2.9 mil-
lionsquarefeet building at 111 Eighth Av-
enue to Google, the owner of more than 80
U.S. properties is also swooping up assets
across the country.
THE POWER 100
26
Christine
Quinn
Donald Trump 16.
Sheldon Silver 17.
Peter and Anthony 18.
Malkin
Sam Zell 19.
Chris Ward 20.
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29
Lloyd Goldman (36)
President of BLDG Man-
agement
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I can tell you
hes licking his
chops about buy-
ing property in the
next few months,
one colleague of Mr.
Goldmans told The
Observer back in
2008. It was an apt
assessment of the
mega-private mega-
landlord footing
the bill at some of
No. 31 Larry Silversteins developments at
ground zero. Indeed, the magnate has been
buying properties like 1372 Broadway at a
deep discount since the recession struck
and seems to be continuing his brisk pace
with no immediate plans to slow down.
30
Jefrey Feil (23)
CEO of the Feil Organi-
zation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Like Lloyd Goldman (No. 29), Mr. Feil is
one of the New York guys who repeated-
ly helms some of the biggest deals in the
city while remaining fairly anonymous.
He was a part of the team that bought the
Sears Tower in Chi-
cago, and his com-
pany owns local
properties like 200
West 57th and 488
Madison. Most no-
table, however, was
his role in the $590
million purchase of
Worldwide Plaza in
2009.
31
Larry Silverstein (33)
President and CEO of Sil-
verstein Properties
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
From his ofce
at 7 World Trade
Center, Mr. Silver-
stein has estab-
lished himself as a
sort of patriarch of
downtown. He con-
tinues cheerleading
for the World Trade
Center site, includ-
ing inking a major
lease with the city
at 4 WTC; hes also
signed a number of nonprofts at 120 Wall
Street. With discernible progress on the
WTC towers, which are set for completion in
2013, he has his hands on some of the citys
only large available Class A ofce space.
33
Mitch
Steir
THE POWER 100
Howard Rubenstein 21.
Steven Spinola 22.
Jefrey Feil 23.
Bill Rudin 24.
Mitch Rudin 25.
Jefrey Gural, Barry 26.
Gosin, Jimmy Kuhn
and David Falk
Peter Riguardi 27.
Mitch Steir and Mike 28.
Colacino
Ronald Kravit 29.
Keith Barket and Adam 30.
Schwartz
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robyn Weiss, 212.407.9382
32
Bill Rudin (24)
Vice chairman and CEO of
Rudin Management Com-
pany
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
After a rush of re-
fnancing between
2006 and 2008, the
relatively debt-free
Rudin Management
Company swung back
into business, includ-
ing its push for luxury
condos at St. Vincents
Hospital in Greenwich
Village. But like most
family-owned real es-
tate companies, Rudin
has remained cautious, choosing to renovate
existing buildings, rarely selling assets and
only acquiring the best properties for some
meaty leases, including the NFL in 345 Park
last summer. Touchdown!
33
Mitch Steir and Michael Co-
lacino (28)
Chairman-CEO and presi-
dent, respectively, of Studley
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Under the leadership of Messrs. Steir and
Colacino, Studley landed the citys two larg-
est deals of 2009 (242,464 square feet for Wa-
chtell, Lipton, Rosen & Katz and 230,000 feet
for Ralph Lauren). Last year, the frm inked a
260,000-square-foot ofce deal for Tifany &
Co. So what does a tenant-rep frm like Stud-
ley do to top itself in 2011? With the economy
looking sunnier, were betting on much more
of the same.
34
Adam Schwartz (30)
Head of U.S./Europe Real
Estate at Angelo, Gordon
& Co.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
It was in early 2010
that Keith Barket, An-
gelo, Gordons long-
time real estate head,
and Adam Schwartz
undertook a joint ven-
ture with Extell De-
velopment to pur-
chase the Helmsley
Carlton House Hotel
for $170 million. Only
nine months later,
Barket died of stom-
ach cancer, leaving Mr.
Schwartz to guide An-
gelo, Gordons stealth
real estate ship.
35
David
Denison
President of the Canadian
Pension Plan Investment Board
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The future of more than
17 million graying Canucks
rests with New York real
estate. The fund, paid into
by Canadian taxpayers, is
entrusted with a whopping
$140 billion in funds, includ-
ing at least $8 billion for in-
vestment in real estate (in Canadian dollars,
now worth slightly less than the greenback). It
burst onto the scene in 2010, buying a 45 per-
cent interest in SL Greens 1221 Sixth Avenue
for $576 million. An Ontario pension fund has
also invested in Relateds Hudson Yards proj-
ect.
36
Doug Harmon, Adam Spies
(47) and Ben Lambert
Senior managing directors
and chairman, respectively, at Eastdil Se-
cured
......................................
Mr. Harmon and his
colleagues, Messrs.
Spies (pictured) and
Lambert, have the an-
swer to one of the must-
buzzed-about ques-
tions of last month:
Who is the buyer, per-
haps famous, of the
storied Chelsea Hotel?
Eastdil Secured acted
as the broker, but have,
thus far, refused to reveal his or her identity. It
is as close to a mystery as we can hope for in
the world of real estate, and the powerful trio
is at the root of it. All the while, theyve been
inking other deals, like a $2 billion half-stake
at 1633 Broadway.
37
Ric Clark (39)
CEO of Brookfeld
Properties
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Barely four months
into a young year,
Brookfeld is already
busy. In January, the
publicly traded land-
lord purchased a stake
in General Growth
Properties valued at
$1.7 billion, and in
March it signed two
huge leases at 2 World
Financial Center. The
largest downtown
landlord, with 12.9 square feet, Brookfeld is
also planning one of the citys largest new de-
velopments, a 5.4 millionsquarefoot mixed-
use project at 400 West 33rd Street.
38
Doug Shorenstein (37) and
Mark Portner
Chairman-CEO and manag-
ing director, respectively, of the Shoren-
stein Company
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Shorenstein Proper-
ties is in a league
of its own when it
comes to raising
equity. Last month,
the San Francisco
based private real
estate management
concern put the lid
on an investment
fundits 10th, in
factvalued at $1.23
billion. No doubt, a
goodly portion of
that capital will be focused on scooping up
ofce properties in New York, a city that the
company penetrated with zeal 10 years ago
under the pictured Mr. Shorensteins leader-
ship (Mr. Portners their guy in the Eastern
U.S.). With 14 Wall and 450 Lex already in its
portfolio, expect big acquisitions in the frms
near future.
39
Jefrey Gural, Jimmy Kuhn,
Barry Gosin and David Falk
(26)
Chairman, president, CEO and tristate
president, respectively, of Newmark
Knight Frank
......................................
With Mr. Gosin as a
lead broker, Newmark
Knight Frank was the
runner-up for the Real
Estate Board of New
Yorks 2011 Most In-
genious Deal of the
Year award for the
247,433-square-foot
deal for Local SEIU
32BJ. (Another New-
mark broker took frst
place.) Such are the
signs that the frms in-
fuence, not only in leasing but in ownership,
continues to increase under the ultimate helm
of the likable lefty, Mr. Gural (pictured).
40
Darcy Stacom
and Bill Shanahan (46)
Vice chairmen at
CB Richard Ellis
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ms. Stacom is synonymous with big deals:
the $5.4 billion sale of Stuyvesant Town and
Peter Cooper Village in 2006; the sale of the
former AIG headquarters at 70 Pine Street in
2009; and dont forget the record-shattering
$2.8 billion sale of the General Motors build-
ing in 2008. No slouch himself, Mr. Shanahan
has been ranked frst among CBRE profession-
als worldwide for the past fve years running.
THE POWER 100
Adam and Amy Rose 31.
Charles Spetka 32.
Larry Silverstein 33.
Amanda Burden 34.
Jef Horowitz 35.
Lloyd Goldman 36.
Doug Shorenstein 37.
Howard and Edward 38.
Milstein
Ric Clark 39.
Thomas Hughes 40.
William Mack, Lee 41.
Neibart, Richard Mack
Howard Lutnick, Steve 42.
Kantor and Anthony Orso
Mikhail Prokhorov 43.
40
Bill Shanahan
and
Darcy Stacom
TEN ART DECO BUILDINGS. SIX NEW YORK CITY BLOCKS.
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oce.
retail.
hotel.
industrial.
Richard Clark
President & CEO
Brookeld Properties
Sharif El-Gamal
Chairman & CEO
SOHO Properties
Harry Macklowe
Founder & Chairman Emeritus
Macklowe Properties
Larry Silverstein
President & CEO
Silverstein Properties
41
Toby Cobb and
Justin Kennedy
Co-CEOs of LNR Property
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sprung from Wall Street, where both
enjoyed fruitful careers, Messrs. Cobb and
Kennedy joined LNR Property in Octo-
ber. Under the ownership of Vornado Re-
alty Trust, the group has wasted no time
in spearheading a number of investment
goals, partly with a $200 million fund
launched last year.
42
Scott Latham, Rich-
ard Baxter, Yaron Co-
hen and Jon Caplan
(48)
Capital Markets team at Jones Lang
LaSalle
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
When Jones Lang LaSalle last spring
poached this team from Cushman &
Wakefeld, the news clanged around the
industryhow dare they? What lured
the dapper quartet, to hear it from well-
placed sources, was the frms willing-
ness to expand the groups investment
sales and capital markets platforms.
By all accounts, theyve taken what was
given to them by JLL and run with it.
43
Steven Spinola (22)
President of the Real Es-
tate Board of New York
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The Real Estate Board of New York is
among the most powerful trade groups in
the country, if not the world. Its president
since 1986, Mr. Spinola (pictured below) re-
mains the go-to guy on industry issues, in-
cluding, but not limited to, 421-a, rent regs,
property taxes, J-51 and the 9/11 terror tri-
als, which were supposed to take place
downtownuntil Mr. Spinola and his team
pulled some strings in Washington. Thats
power, kids.
David Levinson and 44.
Rob Lapidus
Arthur and William 45.
Zeckendorf
Darcy Stacom and Bill 46.
Shanahan
Doug Harmon and 47.
Adam Spies
Scott Latham, Richard 48.
Baxter, Yaron Cohen
and Jon Caplan
Glenn Rufrano 49.
Robert Stuckey, 50.
Mark Schoenfeld and
42
Jon Kaplan,
Richard Baxter,
Ron Cohen and
Scott Latham
THE POWER 100
212.602.0867
TrinityNYC.com
Availabilities updated weekly
A Triple Play:
3 Deals - Over 300,000 SF
Were pleased to announce:
Omnicom Group
has leased
147,000 SF at 1 Hudson Square
Lee N. Feld and Andrew Beckler of Feld Real Estate LLC represented the tenant.
Robert Constable, Andrew Peretz, Mikael Nahmias and Carlos Suarez
of Cushman & Wakeeld represented ownership.
Penguin Group
has renewed its lease of
136,000 SF at 345 Hudson Street
Richard Berzine, Robert J. DeAngelis and Richard A. Fenn
of Richard Berzine & Company, Ltd. represented the tenant.
Horizon Media
has leased an additional
33,000 SF at 1 Hudson Square
and now occupies a total of 150,000 SF
Brian Cohen, Chris Mongeluzo and Moshe Sukenik of Newmark Knight Frank represented the tenant.
Robert Constable, Andrew Peretz, Mikael Nahmias and Carlos Suarez
of Cushman & Wakeeld represented ownership.
Assistant Vice President
of Real Estate Leasing
Peter Fontanetta
212.602.0854
Assistant Vice President
Tom Lynch
212.602.9693
Senior Vice President
Marc Packman
212.602.9678
President
Jason Pizer
212.602.0819
For leasing information, please call:

44
Leonard Litwin and
Gary Jacob (51)
Chairman and executive
vice president of Glenwood Management
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Long before the recession turned condo
developers across
the city into rental
mavens, Messrs. Lit-
win (pictured) and
Jacob were focusing
exclusively on the
rental market. Now
more than ever, the
strategy has paid
of, as even the most
stable New York-
ers turn away from
pricey condos in ex-
change for rentals they can more easily walk
away from. So its no surprise that, after buy-
ing land from Fordham for $125 million earlier
this year, Glenwood is doing more of the same:
a planned 54-story rental tower at 160 West
62nd Street near Lincoln Center.
45
Dottie Herman and How-
ard Lorber (63)
President-CEO and
chairman, respectively, of Prudential
Douglas Elliman
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The citys biggest brokerage just keeps
getting bigger, having added 822 brokers
last yearduring some of the darker days
of the downturn, no less. A big part of their
secret is chasing all those punch-drunk
condos, helping to unwind the whole mess.
The frm has also been ramping up its own
eponymous Developments division. And as
a side project, Mr. Lorber has been quietly
fipping tony townhouses that he bought on
the cheap during said downturn.
46
Pam Liebman (66)
CEO and president of
the Corcoran Group
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Corcoran may not have the cachet of some
of its competition on this list, but they
own much of the middle market, especial-
ly in Brooklyn, where Ms. Liebman led an
aggressive charge in recent years. There
have been some embarrassments over the
past year, including a discrimination suit
from an overweight ex-employee. Still, the
frms chief has done much to cut costs and
keep it afoat, despite takeover rumors.
47
David and Jed Walentas
(82)
Founder and director of
daily operations, respectively, at Two
Trees Management
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Everybody knows about Dumbo, the land
of pollutant-belching manufacturers that,
relatively speaking, became a New York
wonderland overnight. Now, with the build-
ings built and the space leased, what else
are David and son Jed to do but hop over
to Manhattan to re-create another swath of
land in their own image. To be sure, the duo
started construction on a 900-unit rental
on 54th Street near 11th Avenue and inked
a deal for a 340,000-square-foot ofce loft
at 50 West 23rd.
Andrew Chung
Leonard Litwin, Gary 51.
Jacob
Jay Sugarman 52.
Bruce Ratner 53.
Stephen Seigel 54.
David Paterson 55.
Stefan Solow 56.
47
David and Jed
Walentas
THE POWER 100
Leasing. Property Management.
Investment Sales. Advisory Services. absre.com.212.400.6060
In today's
complex and changing
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you need to work with experts who
share your vision for success and have
the experience to make that vision a reality.
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48
Bruce Ratner (53)
Chairman and CEO of
Forest City Ratner
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
With the last of the lawsuits behind him,
Mr. Ratner began work on what may still be
the most cutting-edge arena in the country,
even without Frank Gehry designing it. The
developer is struggling to fnd fnancing
for the frst apartment tower on the site
but if he does, there are rumors it could be
the largest prefabricated structure in the
world, and something with the possibility
to transform the way New York builds. And
there is a certain Manhattan apartment
building he and Mr. Gehry managed to fn-
ish together.
49
David Levinson and
Robert Lapidus (44)
CEO-chairman and
president-CIO, respectively, of L&L
Holding Company
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
When L&L Holding Company completed
the $135 million renovations of 200 Fifth
Avenueformerly the International Toy
Centerit was the most costly private en-
deavor of its kind in the city. That the very
expensive repositioning happened in 2009
and 2010at a time when few others were
willing to spend that kind of coinseemed
to mirror Messrs. Levinson and Lapidus
fearlessness in the face of an unsteady
economy.
50
Constantine Dakolias
and Chris Linkas
Managing directors of
Fortress Investment Group
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Since the middle of last year, the For-
tress Investment Group has seen its profts
rise after a long lull. And so the hedge fund
has once again begun gobbling up both big
companies and properties with abandon.
Speaking of the latter, it has been thanks to
the leadership of managing directors Con-
stantine Dakolias and Chris Linkas that the
company has regained its footing and in-
vestment savvy with regard to real estate.
Avi Banyasz 57.
Gary Barnett 58.
Peter Duncan 59.
Ray Kelly 60.
Charles Bagli 61.
Dan Tishman 62.
Howard Lorber and 63.
Dottie Herman
Jay Walder 64.
Peter Hauspurg and 65.
Daun Paris
Pam Liebman 66.
Stanley and Haim 67.
Chera
Jonathan Mechanic 68.
and Stephen Lefkowitz
Joe Ficalora 69.
Robert Knakal and 70.
48
Bruce
Ratner
THE POWER 100
THE SUCCESS OF
40 WALL STREET
CONTINUES...
WE WOULD LIKE
TO THANK THESE
TENANTS AND
BROKERS
WHO HAVE
LEASED OVER
350,000 SQ. FT.
For more information please contact:
Jeffrey A. Lichtenberg Special Consultant to the Owner 516.314.4458
Adam Foster 212.618.7088 [email protected]
Brad Gerla 212.618.7066 [email protected]
Michael Higgins 212.618.7011 [email protected]
Gregg Rothkin 212.984.8192 [email protected]
40WALLSTREET.COM
Solomon Blum Heymann LLP
John Moran, Adam Leshowitz,
Newmark Knight Frank
XcitekSolutionsPlus
Richard Levine, Michael Rizzo, CB Richard Ellis
HAKS Engineers and Land Surveyors
Mark Shapses, Cushman & Wakefield
Telstra Incorporated
Robert Tanzmann, Cushman & Wakefield
Brokerage & Management Corporation
John Johnson, Nicholas Farmakis, Studley
Core Staffing Services
Mike Zaleski, Zaleski Properties
NYG Capital LLC
Ariel Cohen, Prudential Douglas Elliman
RRZ Management Inc.
Ariel Cohen, Prudential Douglas Elliman
Managed Health Network Inc.
Scott Panzer, Jones Lang LaSalle
Direct Access Partners LLC
Ruth Colp-Haber, Wharton Property Advisors
GDS Publishing, Inc.
Jared Freede, CB Richard Ellis
Spyker Consulting,Inc.
Jared Freede, CB Richard Ellis
Infinitel Communications, Inc.
Joseph Hilton, Grubb & Ellis
Accounting and Compliance International
Wes Rudes, Richard Doolittle,
Murray Hill Properties
XO Communications Services, Inc.
Brian Reiver, Scott Cahaly, Jones Lang LaSalle
Zaremba Brownell & Brown PLLC
Dan Suozzi, Jones Lang LaSalle
Star Alliance Trading Group LLC
Dan Suozzi, Jones Lang LaSalle
Country Wide Insurance Company
Mark Weiss, Newmark Knight Frank
Vertex Capital Management
Dawn Frojen, Prudential Douglas Elliman
Clancy Financial Services, Inc.
Oakwood Asset Management, LLC
Rosen Greenberg Blaha LLP
Rosabianca & Associates PLLC
WALL STREET PRESTIGE.
TRUMP ELEGANCE.
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cial bulletins and publications.
To check if your broker is a member of the Real Estate Board of
New York, and for more information, visit www.rebny.com or call
212.532.3100.
5
Reasons
why you
should
insist on
a REBNY
Broker
for your
commercial
Property
Over 100 Years of Building
and Serving New York
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LEONARD LITWIN, Chairman and
GARY JACOB, Executive Vice President
and all The Power 100 honorees
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Real Estate is about more than steel and glass.
Its about a myriad of timely business decisions
essential to maximizing the return on your
properties. Thats why you need an accounting
firm with real expertise. For over 85 years Friedman
LLP has successfully guided our clients through
the financial complexities of the ever-changing
market, and helped them recognize and take
advantage of every opportunity along the way.
So when your real estate business needs
expertise, build a relationship with Friedman.
FRIEDMAN THE NAME YOU SHOULD KNOW.
E PERTISE
51
Si Newhouse
Chairman of Cond Nast
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cond Nast, the
parent company
of magazines like
Vogue and Vanity
Fair, demonstrat-
ed it had afordable
yet decidedly fash-
ion-forward taste
in ofce space in
the 90s, moving
from Madison Av-
enue to the Durst
Organizations then-new 4 Times Square
and helping kick of a boom in property val-
ues. Hopes are high that Cond will likewise
boost the downtown ofce sector, now that
its submitted a letter of intent to take 1 mil-
lion square feet at another Durst work: 1
World Trade Center.
52
Dean Skelos
Majority leader of the
New York State Senate
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The Long Island Republican, more than
any other elected ofcial at the state level,
is taking a stand against the extension of
rent-regulation lawsand thats a power
move that, its safe to say, most in the real
estate industry are rooting for.
53
Ron Kravit (29)
Managing director at
Cerberus Real Estate
Capital Management
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
As one of the largest private-equity in-
vestment frms in the U.S., when Cerberus
sneezes markets move. So its on Mr. Krav-
it, who specializes in real estate private
equity, to make sure that the trains run on
time. The former Blackacre Capital head
has overseen high-profle acquisitions of
the discount chain Mervyns and grocery
store Albertsons while also overseeing the
fnancing for a number of commercial and
residential projects across the country.
54
Paul Pariser and Charles
Bendit
Co-CEOs at Taconic In-
vestment Partners
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Going into the recession, Taconic Invest-
ment Partners had an ace in the hole in that
they had just made a $300 million proft
on 450 Park, which
they sold at the
markets peak for
$500 million. And
while Mr. Pariser
(pictured) admit-
ted to The Observer
in 2009 that times
were indeed tough,
he and Mr. Bendit
bounced back with
the titanic sale of
111 Eighth to none
other than Google.
Paul Massey Jr.
Jef Sutton 71.
Robert Ivanhoe 72.
Robert Lieber 73.
Philip Green 74.
Arnold, Kenneth, 75.
Steven and Winston
Fisher
Archbishop Timothy 76.
Dolan
Mike Fishman 77.
John Sexton and Mike 78.
Alfano
James Cooper 79.
Diane Ramirez 80.
Aby Rosen 81.
THE POWER 100
52
Dean
Skelos
P R U D E N T I A L D O U G L A S E L L I MA N
proudly congratulates our own
DO T T I E HE RMA N, HO WA RD L O RBE R
A ND R A P H A E L DE NI R O
on being honored among The New York Observers
1 0 0 MO S T P O WE R F U L P E O P L E I N N E W Y O R K R E A L E S T AT E
CONGRATULATIONS
An independently owned and operated member of the Prudential Real Estate Aliates, Inc. is a service mark of Prudential Insurance Company of America. Equal Housing Opportunity.
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55
Stanley and Haim Chera
(67)
Principals of Crown Ac-
quisitions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
With the pur-
chase early last
year of the St. Re-
gis retail condo-
minium, the Cheras
catapulted to the
more regal ranks
of the real estate
lions. With 24,700
square feet of
space, leased to no
less shabby a re-
tailer than De Beers
Diamond Jewelers, among others, the deal
commanded a whopping $117 million.
56
Jay Walder (64)
Chairman of the Metro-
politan Transit Authority
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The looming sale of its midtown head-
quarters and two Madison Avenue build-
ings. The relinquishment of development
rights over the West Side Yards. And the
give-away of air rights at the Brooklyn rail
yards. Indeed, sometimes its easy to forget
that the M.T.A.s job is to make the trains
and buses run on time sometimes. But un-
der Mr. Walder, the frst transit pro to hold
the job, New Yorks corpuscular labyrinth
of tracks has played second fddle only to
the agencys real estate dealings.
57
John Sexton, Mike
Alfano (78) and Alicia
Hurley
President, executive vice president
and vice president of government af-
fairs, respectively, of New York Uni-
versity
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Like Columbia University, its equally
capable collegiate counterpart, N.Y.U. has
been on an expansion tear. To read the
blogs and listen to preservationists, the
push to develop 2 million square feet of
new classroom space, dormitories and of-
fces is a death knell for Greenwich Village.
But under this trio, the school is doing
what it believes needs to be done to com-
pete in academia.
58
Jef Sutton (71)
President of Wharton
Properties
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Its easy to imagine that Mr. Sutton walks
the streets with his head down, eyes fo-
cused on the ground foor. Again and again,
he succeeds in his real estate investments
by repositioning retail properties from
the ground upnamely through his keen
sense of sidewalk-facing retail pursuits.
He brought American Girl to 609 Fifth and
Abercrombie & Fitch to 720 Fifth, and was
heavily involved in the Aeropostale deal at
1515 Broadway.
59
Mitch Rudin (25), Rob-
ert Alexander and Ste-
phen Siegel (54)
Tristate president and CEO, tristate
chairman and global brokerage chair-
man, respectively, of CB Richard Ellis
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Under Messrs. Rudin, Alexander and
Siegel (and Ms. Tighe, No. 18), the citys
largest commercial real estate brokerage
has tallied endless best-of-the-year acco-
lades, curated many of the biggest deals of
the past few years and, generally, stayed
afoat in the recession, only seeming to
grow in size and infuence. Their clients
span this list.
THE POWER 100
57
John
Sexton
David and Jed 82.
Walentas
Hall Willkie 83.
Joseph Strasburg 84.
Peter Ward 85.
Veronica Mainetti 86.
Ralph Herzka 87.
Nochi Dankner 88.
60
Peter Riguardi (27)
President of Jones Lang
LaSalle
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Jones Lang Lasalle has earned its reputa-
tion as one of the industrys most aggressive
brokerages, scoring a high-profle investment-
sales team from Cushman & Wakefeld led by
Mitchell Konsker, along with new leasing as-
signments, such as 625 Sixth Avenue. The frm
is charged with leasing Goldman Sachs for-
mer hub at 85 Broad Street, too, currently the
emptiest building in the city.
61
John Pelusi and Mike Tepe-
dino
CEO and senior managing
director, respectively, of HFF
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Debt placement, investment sales, structured
fnance and distressed assets are all specialties
that HFF, the capital markets and commercial
real estate servicer, has used to its advantage
during the tumultuous throes of the Great Re-
cession. Under Messrs. Pelusi and Tepedino,
the group has taken advantage of markets from
here to Dallas, closing, on average, two deals
daily, each valued at $1 million or more.
62
Paul Massey and Robert
Knakal (70)
CEO and chairman, re-
spectively, of Massey Knakal Realty Ser-
vices
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
One holds a black belt in tae kwon do and
the other has great hair. But beneath the sur-
face stuf, Messrs. Massey and Knakal over the
past 22 years elevated their concern into liter-
ally New Yorks busiest investment sales bro-
kerage. This year, coming out of the recession,
they have begun to expand big time, launch-
ing a retail-leasing division under Benjamin
Fox and a capital-markets group under Gar-
rett Thelander. What does Rahm Emanuel al-
ways say? Never let a crisis go to waste.
63
Glenn Rufrano
CEO and president of
Cushman & Wakefeld
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Since taking the reins of Cushman & Wake-
feld in March 2010, Mr. Rufrano has taken
pains to visit many of the 230 ofces the frm
operates across 60 countries. Whats more
impressive is his ability to stave of wide-
spread rumors that he was brought in to boost
the business for an eventual sale. The reason
I was brought inand what my tour isis to
maximize the value of Cushman & Wakefeld,
he told The Times. Either way, the proven ex-
ecutive will continue to have his hands full.
THE POWER 100
62
Robert
Knakal
Dolly Lenz 89.
Lee Bollinger 90.
John Burger 91.
Robert LiMandri 92.
Lockhart Steele 93.
Young Woo 94.
Janette Sadik-Khan 95.
Kirk Henckels 96.
Joel Seiden and Ofer 97.
Yardeni
Mark Jaccom 98.
Paula Del Nunzio 99.
Veronica Hackett 100.
LAST YEARs
POWER 100
Past Sales Data | Property Price History | Geo-Targeted Home Page
Integration of NYC Listings | Integration of Connecticut MLS Listings
Integration of NJ MLS Listings | 800+ Videos Fully Integrated
Mobile Friendly | Optimal User Experience | Modern Design
THE POWER 100
64
Peter Hauspurg and Daun Paris
(65)
Principals of Eastern Consolidated
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Long before Lehman Brothers collapsed and eco-
nomic instability reigned, this handsome husband and
beautiful wife were exploring ways to expand Eastern
Consolidateds loan sales platform. And while the en-
deavor took longer than expected to get of the ground,
the group is now among the citys leaders with regard
to navigating the eras new value metrics. Meanwhile,
Eastern continues to aggressively pursue debt procure-
ments in all corners of the cityBrooklyn, Queens and
the Bronx includedas well as to broker investment
sales like mad.
65
Peter Duncan (59)
President-CEO of George Comfort
& Sons
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ask anybody in the real estate game, and theyll tell
you that George Comfort & Sons held a pretty low pro-
fle. That is, before July 2009, when the group snapped
up the last of No. 85 Harry Macklowes distressed com-
mercial buildings, including the 1.8 millionsquare
foot Worldwide Plaza. At $590 million, the purchase
was at the time the biggest to hit the city post-Lehman.
And, just like that, the visionary Mr. Duncan had put the
frm on the map. Two years later, hes still making stra-
tegic plays.
66
Howard and Edward Milstein (38)
Principals of Milstein Properties,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The completion of two Battery Park City condomin-
ium towers a couple of years back marked a revival of
sorts for Milstein Properties, which, due in part to a
series of family legal disputes, had been largely inac-
tive during the building boom that inspired so many of
their competitors. But even as the third-generation sci-
ons remain somewhat quiet, the companys 20 million
square feet, including 50,000 apartments and 8,000 ho-
tel rooms, continue to line the brothers pockets.
66
Howard
Milstein
InvestIng In Our Infrastructure
Lets Put PeOPLe Back tO WOrk
The only issue both parties agree on in 2011 is the need
for jobs creation. We MUST take people out of unem-
ployment and put them back to work.
The $780 billion stimulus package of 2009 is viewed at
least partially as a failure by many because the money
never reached its intended goal much needed shovel
ready projects. Funds instead were diverted and used to
plug huge State defcits.
A second stimulus can succeed if it is administered in a
way that will guarantee that it is channeled directly to
infrastructure projects.
This is not wasteful spending, it is investing in our
States and our nations future. This is rebuilding
America.
WDF has always been uncompromising in the rigorous
qualifcations we require of our employees. Yet we have
been fnding highly skilled, experienced men and women
among the unemployed and we are hiring them with out-
standing results. The more infrastructure projects that are
budgeted for, the more WDF will be hiring people.
There are those who remain skeptical.
Numbers dont lie. The Queens Midtown Tunnel, which
turned 70 last November, cost approximately $58M to build
in 1940. In 2009, 27.7M vehicles paid an average of $5 each
in tolls to cross (between the E-Z pass and regular rate). Do
the math. The total is close to $140M IN JUST ONE YEAR in
revenue: more than double the cost of building the tunnel
an impressive statistic even if the diference between 1940
and 2010 dollars is factored in. ThAT iS NOT SPENDiNG!
ThAT iS iNVESTiNG!
We need to restore our belief in people and trust that as-
sets can and will increase in value. Spending creates no as-
set value. Public projects are durable assets that produce
lasting value.
Investing in our infrastructure will make America competi-
tive once again with other parts of the world while creat-
ing REAL JOBS with REAL BENEFITS for ALL AMERI-
CANS.
Larry Roman
Chairman & CEO
WDF Inc.
This is not a giveaway.
This is not throwing money out of a helicopter.
This is not giving people entitlements to sit
unproductively at home.
This is putting people back into the workforce, and
making them productive members of society.
The New STaNdard
of CoNSTruCTioN
This is not a giveaway.
This is not throwing money out of a helicopter.
This is not giving people entitlements to sit
unproductively at home.
This is putting people back into the workforce,
and making them productive members of society.
Some show up just to rev their engine. Were focused on pulling ahead
as the rst true alternative to real-estate-as-usual. Weve put the pedal
to the metal to help our clients race forward with investments in new
markets, top talent, and a unied global brand in more than 480 oces
in 61 countries worldwide. Weve got the inside track on service to
accelerate your success.
Putting the pedal to the metal.
www.colliers.com
FASTER
FORWARD
Colliers International congratulates all
of this years POWER 100 honorees.
67
Amanda Burden (34)
Chair of the Planning Commission and di-
rector of City Planning
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
While her power has waned since construction came to a
near halt during the downturn, the socialiteturnedpub-
lic servant still may be the most respectedsome might say
loathedperson in all of local real estate. With the power to
bend developers to her wishes, Ms. Burden is responsible for
many buildings on this list (Dursts BIG Project, Extells River-
side Center) looking as daring as they do.
68
Aby Rosen (81) and Michael Fuchs
Principals of RFR Holding
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
He has been harassed by Orthodox Jews over his develop-
ment interests in Israel, has sparred with Tom Wolfe in the
pages of The Times and last year split with longtime-sometime
business partner Ian Schrager. But Mr. Rosen (pictured) the
tragically hip, art-collecting owner, along with Mr. Fuchs, of
such trophies as the Seagram Building and Lever House
manages to hang on. With the purchase of 530 Park last year,
he and Mr. Fuchs hope to turn the rental building into high-end
condos. The sun has yet to set for the citys most famboyant
investor.
69
Harry Gross
Chairman of Granite Broadway Develop-
ment
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
After the Time Warner Centers Mandarin Oriental, the
soon-to-be Marriott Central Park has bragging rights as New
Yorks tallest hotel. But since thats a big ol mixed-use proj-
ect, with apartments, ofces and even a mall, wrote our own
Matt Chaban of the Mandarin back in January, that doesnt
count. The hotelier behind the 716-foot-tall hotel on 54th
Street is Mr. Gross, a guy who registers almost no Google or
Nexis hits, rendering him all but invisible. But we do expect his
Web trafc to spike.
70
Chris Ward (20)
Executive director of the Port Authority
of New York and New Jersey
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
With the portentous 10th anniversa-
ry of 9/11 fast approaching, credit goes
almost entirely to one of the smartest
bureaucrats in the city (sorry, Larry!).
Mr. Ward set new schedules for com-
pleting the memorial plaza in time for
the hallowed day, and the four ofce
buildings on the site are progressing
in their own ftful ways. This would be
job enough, but Mr. Ward is also un-
dertaking modernization eforts at the
regions airports, container terminals,
bus depots and bridges.
71
Arnold, Kenneth, Steven and Winston Fish-
er (75)
Principals of Fisher Brothers
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If ever a real estate company could
be counted as members of the mile-high
club, the Fishers (Winston pictured)
would be the groups Class A ambassa-
dors. With skyscrapers like 605 Third,
299 Park and 1345 A of A all boasting
upward of 1 million square feet each,
the 96-year-old company has a thing
for heights. But with the sale last year
of its minority stake in 229 Park, a.k.a.
Park Avenue Plaza, the group sent a sig-
nal that size doesnt always matter.
72
Jef Citrin and Craig Solomon
Principals of Square Mile Capital
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
After beating up Kent Swig and taking a bunch of his stuf in
2008, Square Mile Capital, the lender that was launched only
two years earlier, gained some power. But not without earn-
ing a bittersweet rep as the company above all others willing
to show fangs to delinquent borrowers. Since teaming with
Taconic Investment Partners in the ill-fated purchase of 29 of
the 32 commercial condo units at the universally loathed Veri-
zon building, Messrs. Solomon and Citrin have shufed their
feet to sandboxes outside of New York.
73
James Cooper (79)
Rector of Trinity
Church
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Along with Trinity Real Estate pres-
ident Jason Pizer, Mr. Cooper has con-
tinued to reposition the Episcopal
churchs 6 million square feet in Hud-
son Square into appealing ofce space for creative tenants. As
recently as 10 years ago, the vacancy rate for the area might
have hovered around 20 percent. But with the likes of New
York magazine, Penguin Putnam, Getty Images and WNYC
there, Mr. Coopers property tabernacle now appears especial-
ly secure.
THE POWER 100
67
Amanda
Burden
New York | Washington DC | London | Paris | Frankfurt | Hong Kong | Shanghai
O
n
e

i
n

a

100
We salute our friend and colleague
Jonathan L. Mechanic
and congratulate the
Power 100
74
Danny Meyer
CEO of Union Square Hos-
pitality Group
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mr. Meyer might be the most infuential
restaurateur in the cityand not because of
the food he cooks, phenomenal as it may be. It
is the way that everywhere he goes, he trans-
forms neighborhoods. Union Square in the
90s, Madison Square in the 00s; and now he
has set his sights all over town and beyond,
as his Shake Shack empire expands into Con-
necticut, Battery Park City and Brooklyns Ful-
ton Mall. He just opened Untitled inside the
Whitney, bringing barnyard hominess to the
starched hood.
75
Timothy Dolan (76)
Roman Catholic Archbishop
of New York
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Columbia and N.Y.U., as this newspaper
noted earlier this year, may be gaining on the
Catholic Church as New Yorks biggest private
landlord, but Archbishop Dolan still oversees
as sole proprietor vast and valuable proper-
ties in Manhattan, the Bronx and Staten Is-
land. St. Patricks Cathedral alone has more
than $191 million in assets, not to mention a
prime Fifth Avenue location (God forgive us
for being so cynical).
76
Ruby Schron
Landlord
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The mysterious Mr. Schron is one of the
citys largest individual landlordsestimates
peg his holdings at 15 million square feet, in-
cluding tens of thousands of outer-borough
apartments and stakes in such commercial
properties as the Woolworth Building. He
plays his work close to his chest, relying, it
is said, on his several sons (theres eight kids
and at least 50 grandkids in total) and quiet-
ly investing in things beyond real estate, like
banks and nursing-home chains.
77
Elizabeth Stribling and Kirk
Henckels (96)
President of Stribling & As-
sociates and director of Stribling Private
Brokerage, respectively
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
As if having charm-
ingly stepped from
some casting call for
highbrow real estate
brokers, the elegant
Ms. Stribling (her
real estate chops go
back to 1967!) and the
stately Mr. Henckels
(bow ties and all!) em-
body in appearance
and deed the luxu-
ry end of Manhattan
housing. A cursory scan of Mr. Henckels lat-
est listings, for instance, shows a $27.5 million
ask at 810 Fifth and an Estate in Umbria for
$17,418,440.
78
Diane Ramirez (80)
President of Halstead
Property
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ms. Ramirez co-
founded Halstead in
1984; she inked her
last multimillion-dol-
lar real estate deal as
a broker for none oth-
er than Calvin Klein,
three years later; now
the frms president,
she spends much of
her time reshaping
the frm in her own classy image. Last year,
she personally appealed to then free agent
LeBron James to sign with the Knicks and
move to New York while also working behind
the scenes to sell Senator Kirsten Gillibrands
Hudson Valley home.
79
Robert Tierney
Chairman of the Land-
marks Preservation Com-
mission
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Since taking
over the Land-
marks Preserva-
tion Commission
eight years ago,
Mr. Tierney has
overseen one of
the largest expan-
sions of protec-
tions for the citys
historic fabric,
with a particular
focus on the out-
er boroughs. Per-
haps he has been
too successful, as a massive district along
West End Avenueamong othersis taking
fre from Big Real Estate for stifing develop-
ment. Recessionary knee-jerk or a coming
backlash?
80
Arthur and William Lie
Zeckendorf (45)
Principals of Terra Hold-
ings and Zeckendorf Realty
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Under the brothers
leadership (Arthur
pictured), the familys
real estate legacy has
since expanded to in-
clude the ownership
stakes in brokerages
like Brown Harris Ste-
vens and Halstead.
Meanwhile, they have
scooped up some of
the citys most regal real estate, and maybe
the worlds. Indeed, 515 Park has hosted pro-
ducer L.A. Reid, and 15 Central Park lays claim
to former Citigroup chair Sandy Weill, Gold-
man Sachs chief executive Lloyd Blankfein
and Denzel Washington.
81
Raphael De Niro
Managing director at Pru-
dential Douglas Elliman
. . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . .
A raging bull with
the intense quietude
of his father, Rapha-
el De Niro has gone
from famous kid
to famous broker
in just a few short
years. This year, he
led the top-selling
team at Douglas El-
liman, after a sixth-
place showing the
year before. His client list reads like an invite
to a party at his Soho loft: Naomi Campbell,
Mark Ronson, Pink and Mickey Rourke.

82
Matthew Wambua and
Marc Jahr
Commissioner of the De-
partment of Housing Preservation and
Development, and president of New
York Citys Housing Development Corpo-
ration, respectively
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
In March, Mayor Bloomberg took a vaca-
tion from appointing outsiders by naming Mr.
Wambua as the citys latest housing commis-
sioner. As a senior policy adviser back in 2002,
he led bids for afordable housing in upper
Manhattan and the South Bronx. Along with
Mr. Jahr, the entrenched pair of do-gooders
likely rufe some feathers within the indus-
try. So be it.
-
83
Hall Willkie and Paula Del
Nunzio (99)
President and senior vice
president, respectively, of Brown Harris
Stevens
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
With the market,
and particularly the
market for town-
houses, heating up
again, the doyenne of
uptown living is the
broker to beat. Ms.
Del Nunzio (pictured)
still holds the all-time
single residential re-
cord for the $53 mil-
lion Harkness Mansion, and she had the biggest
sale last year when the Duke-Semans manse
went from Tamir Sapir to Carlos Slim for $44
million. Meanwhile, the redoubtable Mr. Willkie
manages the many personalities under the BHS
umbrella, including 350-plus brokers doing $3.4
billion in sales annually.
84
Norman Sturner and Neil
Siderow
President and chairman,
respectively, of Murray Hill Properties
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
In the early 00s,
Murray Hill really
blasted of by origi-
nating a handful
of high-net-worth
funds. Since then,
Messrs. Sturner (pic-
tured) and Siderow,
the frms founders,
have raised more
than $300 million
in individual funds
and, subsequently,
escalated their little something into a major
player. In the meantime, they did yeomans
work last year to keep Pepsi from moving its
bottling division in Westchester to Connecti-
cut. The intense negotiations over three years
netted the largest transaction in the countys
history.
85
Harry Macklowe
Founder and chairman
emeritus of Macklowe
Properties
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F. Scott Fitzger-
alds immortal words,
There are no sec-
ond acts in American
lives, couldnt have
anticipated Mr. Mack-
lowe. After a buying
binge that would have
made some of Fitzger-
alds protagonists en-
vious, the develop-
er saw his fortunes
crumble in dramatic
fashion. But as recent-
ly as last month, cranes appeared at the rubble-
strewn site of the former Drake Hotelan asset
he won, then lost, and, in a joint venture with
CIM, seems to have wrestled back into his fold.
THE POWER 100
74
Danny
Meyer
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an afrmative advertising
and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin.
REPRESENTED THE HlGHEST SELLlNG RESlDENTlAL TOWNHOUSE
lN 2010 AT $44,000,000
HlGHEST SELLlNG RESlDENTlAL TOWNHOUSE FOR THlRD TlME lN
PAST FOUR YEARS
SlNCE 2007, PAULA HAS SOLD 44 TOWNHOUSES
FOR A TOTAL VALUE OF !UST OVER $711,000,000
PAULA DEL NUNZlO
Senior Vice President, Managing Director
Licensed Associate Real Estate Broker
212-906-9207
[email protected]
445 Park Avenue
New York, NY 10022
THE RECORD SPEAKS FOR lTSELF
Of the eight largest residential townhouse sales, Paula had represented the seller of seven, the seller and buyer of one, and sold one twice.
SOLD $53,000,000 - OCTOBER 2006
Highest townhouse sale ever. Highest townhouse sale for
2006 and highest residential sale ever for any property type.
The Harkness Mansion. At approx 22,000SF and featuring
grand 14 ceilings as well as elegant, expansive living spaces,
this residence has retained all of the grandeur and breadth
that originally drew so many notable names throughout the
years. Spanning 50 in width, this property presented the ideal
opportunity to create an unparalleled private residence in NY.
SOLD $49,000,000 - FEBRUARY 2008
Highest townhouse sale for 2008 and highest residential sale
in 2008 for any property type.
The Milbank Mansion. Created by Jeremiah Milbank who
combined 14 and 16 East 67th Street in 1919, this 48 foot-
wide 21,000 square foot residence features a 30 foot swimming
pool in a double-height space, numerous outdoor spaces, a
suite of staff quarters on top, and superb entertaining spaces.
SOLD $44,000,000 - !ULY 2010
SOLD $40,000,000 - MARCH 2006
Highest townhouse sale for 2010 and highest residential sale
in 2010 for any property type. Resold for 10% more than
owner paid in 2006.
The Duke-Semans Mansion. An incomparable corner location
on Fifth and 82nd Street, with 103 feet of frontage on the
side entry and 27 feet in width, the extraordinary living and
entertaining spaces of landmarked Duke-Semans Manison.
Recognized as one of the top-producing brokers in New York City, Paula Del Nunzio has specialized in townhouses, penthouses and townhouse equivalent spaces for more than 20 years.
$VHQLRUYLFHSUHVLGHQWDQGPDQDJLQJGLUHFWRUDW%URZQ+DUULV6WHYHQVKHUHQF\FORSHGLFNQRZOHGJHRI WKHWRZQKRXVHPDUNHWLVDXQLTXHEHQHWWRERWKEX\HUVDQGVHOOHUV
86
Burton and Jonathan
Resnick
Chairman-CEO and presi-
dent, respectively, of Jack Resnick &
Sons
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less than two years ago, Burton and Jona-
thanthe latter, the last of three sons to re-
main at Resnick & Sonsspearheaded the
acquisition of 250 Hudson Street, a former
printing building that they converted into of-
fce space for the wave of creative types mov-
ing to the area. The deal was a good invest-
ment for the family frm, which opened in
1928. But theyve been relatively quiet, and,
thus, theres no way to tell whats next for one
of New Yorks more dependable real estate
names.
87
Bruce Mosler and Arthur
Mirante
Former CEOs of Cushman
& Wakefeld
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
When Mr. Mos-
ler (pictured) stepped
down as chief executive
of Cushman & Wake-
feld last year, it wasnt
entirely clear what his
plans were, other than
returning to broker-
age. And so when it was
announced this Janu-
ary that he would be
teaming with another
former Cushman chief
executive, Mr. Miran-
te, to form a new brokerage services group,
the news was akin to Bob Dylan, Tom Petty,
George Harrison and Roy Orbison coming to-
gether as the Traveling Wilburys. The pair has
been rocking big leases ever since.
88
Jonathan Mechanic and
Stephen Lefkowitz (68)
Chairman of the real es-
tate department and partner, respective-
ly, at Fried Frank
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Throw a rock during
the Real Estate Board
of New Yorks annual
gala and youre sure to
hit one of the pictured
Mr. Mechanics current
or former clients. Hope
its the latter because,
while charming and
personable, he and Mr.
Lefkowitz wont hesi-
tate to chew you up on
behalf of said clients, who include[d] Donald
Trump (No. 14), Jerry Speyer (No. 15), Mi-
chael Bloomberg (No. 7), Steven Roth (No. 4),
Stephen Ross (No. 10), Bruce Ratner (No. 48),
Douglas Durst (No. 1), Mort Zuckerman (No. 5)
and Sheldon Solow, to name a small fraction.
89
Mark Jaccom (98)
CEO of New York tristate
for Colliers International
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Hes among the most outspoken real es-
tate leaders locallybut God love him. Since
the merger with FirstService last year, Mr.
Jaccom has led all New York frms in a hir-
ing splurge so big that if it had happened in a
small town the fnan-
cial push would have
single-handedly re-
vived the communitys
economy. And while
Mr. Jaccom tends to
speak in superlatives,
the heft of his rhetoric
has yet to overshadow
the recent activity of
his brokers.
90
Jef Winick
Founder and CEO of Win-
ick Realty Group
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
With Duane Reade hell-bent on opening a
new store on every corner of the city, its bro-
kerage of choice, Winick Realty Group, could
have chosen to hit the snooze button a thou-
sand times and still wake up in a pile of cash.
But never one to rest on laurels, Mr. Winick
has aggressively expanded the frms leasing
capabilities to include retailers both big and
small.
91
Ralph Herzka (87)
President and CEO of Merid-
ian Capital Group
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capitalizing on the
economic recovery is
something of a spe-
cialty for the boys and
girls over at Meridian
Capital Group. Just
visit its busy com-
munications depart-
ment, which tireless-
ly churns out news of
new fnancial deals
several times a week.
Heres an absolute
fact: From the Upper East Side to Lower Man-
hattan, Mr. Herzkas powerful fnancing mus-
cle fexes for miles.
92
Joseph Strasburg (84)
President of the Rent Sta-
bilization Association
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Forget about the gun, cigarette and alco-
hol lobbies. Its Mr. Strasburg and his confus-
ingly named Rent Stabilization Association
that should draw your attentionand some-
times does, like when the RSA president in
March warned landlord advocates that Gov-
ernor Cuomo (No. 2) will crush you like his
father did. (The governor didnt care for
that: I cant believe they mentioned my fam-
ily, he thundered privately.) With legislation
coursing through Albany that would extend
rent regs set to expire in June, Mr. Strasburg
remains a key player in an onlyinNew York
fght.
93
Mike Fishman (77)
President of SEIU 32BJ
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mr. Fishmans on a roll. In the fall of 2009,
he backed the successful candidates for
mayor, public advocate and city comptrol-
ler; and a year later he was at No. 2 Andrew
Cuomos back (as well as the winning AG
and state comptroller candidates), securing
more powerful ears for his powerful union.
He is perhaps the frst labor leader in the
Rolodexes of every big landlord on this list.
94
Charles Cohen
CEO of Cohen Brothers
Realty
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If he wasnt so damn
talented, Mr. Cohen
might be perceived as
an egomaniacal real es-
tate tycoon of the worst
kind: prone to silly
whims and, even worse,
terrible investments.
But when his interest
in design inspired him
to develop hubs across
the country for design-
ers, it worked. And,
more recently, when he followed his muse to
Hollywood, the movie he produced earned Os-
car nominations. While still a full-time real es-
tate pro, hes now juggling multiple flm proj-
ects. Good show!
95
Earle Altman
Chairman of ABS Partners
Real Estate
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
With eyes on Chinatown, Tribeca and, re-
ally, most of New York, Mr. Altman and ABS
Partners Real Estate has been on a leasing
binge. Besides a recent push to sell or net-
lease 250 Canal, the group worked behind the
scenes to revamp 185 Franklin, a small ofce
building that under ABS leased three big spac-
es just last month.
96
Robert Ivanhoe (72)
Chairman of the New York
ofce of Greenberg
Traurig
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
With astonishing regularityfor a lawyer,
at leastMr. Ivanhoe has played a huge role in
shaping the citys skyline. As No. 31 Larry Sil-
versteins lawyer, he helped erect the luxury
Silver Towers on West 42nd Street and over-
saw the purchase of the Plaza Hotel for El-Ad
Properties. More than perhaps anyone else in
this city with a JD, Mr. Ivanhoe has acted as an
unofcial urban developer for years.
97
Serena Boardman
Senior vice president at
Sothebys
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Is Ms. Boardman the biggest residential
broker in the city? Nobody knows because she
is certainly its most discreet, but that is where
The Wall Street Journal pegged her a few
years ago. The socialite-turned-broker has
handled some hefty listings, including many
of brother-in-law Aby Rosens mansions and
the infamous Madof home. Other boldface
clients include Eli Broad, Jimmy Fallon and a
handful of Rockefellers.
98
Lockhart Steele (93)
Founder and publisher of
the Curbed Network
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Not only does Mr.
Steele have the lists best
name, but his is the frst
name in street-smart
blogging. There is the
ever-so-snarky Curbed
which has launched
editions in Chicago,
Washington, Miami, Se-
attle and a glossy na-
tional siteas well as the
premier restaurant and
retail blogs in these cit-
ies. He has helped defne
the look, feel and sound
of a million hyper-local blogs chronicling the mi-
nutiae of the city. And just look at his shirts.
.
99
Jonathan Miller
CEO and president of Mill-
er Samuel
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mr. Miller authors
perhaps the most close-
ly watched housing re-
ports in the U.S. (sorry,
Dr. Shiller): the Douglas
Elliman quarterly snap-
shots. Long decisive for
Manhattan condos and
co-ops, they now include
surrounding areas and
the rental markets. Plus,
Mr. Miller remains re-
freshingly free of spin. In
January, he said of Man-
hattan housing: Best case, we move sideways, but
Im more inclined to think were seeing a price or
sales erosion in 2011. Which is exactly what the
stats have been showing.
100
Steve Cuozzo
Real estate colum-
nist and an editor for
the New York Post
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Last November, Mr. Cuozzo bellowed from
the tabs pages that the culture of self-con-
gratulation in the retail-leasing industry is
so entrenched, its almost impossible to get
an acknowledgement of how dysfunctional
our retail climate can seem to even casual ob-
servers. It was trademark Steveequal parts
Andy Rooney and Howard Bealemaking him
not only a scoop machine, but the seminal
bullshit detector in the industry.
THE POWER 100
97
Serena
Boardman
Photos by Getty Images, Patrick
McMullan, Joe Fornabaio, Daniel
M. Weiss, Shravan Vidyarthi, Brian
Letwin, Kurt Raschke, James Ham-
ilton.
www.durst.org
Movlng wlth condence.
2011 Cushman & waketeld, lno. All rights reserved. www.oushwake.oom/oasestudies
3inoe being founded in New ork in 1917, the Cushman & waketeld brand has been synonymous with high
quality oommeroial real estate servioes. we are building on that tradition, with a powerful global platform of
professionals who represent the most ioonio properties, leading oorporations and investors worldwide.
Bulldlng condence, worldwlde
Client:
Looation:
3ervioe:
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Reron lnternatlonal
London
Leaslng &
Management
461,000-sf
Client:
Looation:
3ervioe:
3ize:
5RANGRAl 10WR
5hanghal 1ower
Constructlon and
beveloment Co.
5hanghal
beveloment
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4.1 mllllon-sf
Client:
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ONE WORLD TRADE
1he Port Authorlty
of N & NJ and 1he
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New ork
Leaslng &
Advlsory
3.0 mllllon-sf

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