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The Lobby

Lori Shabtai Joins Town Commercial

Lori Shabtai.

Lori Shabtai, who left Winick Realty Group in February 2014 and two months later launched Lori Shabtai and Associates, has joined Town Commercial as a broker, Commercial Observer has learned.

“I am comfortable in a boutique venue, especially one that will allow me to still interact globally and regionally with tenants and landlords as their broker,” Ms. Shabtai emailed CO. “I also love the opportunity of working with a smaller team of diversified talent. I so admire the vision and synergy of Town. The DNA of the brand is compelling, modern and elegant.” Read More

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DTZ Executive Returns to CBRE After 11 Years

Ralph Giordano.

CBRE has hired Ralph Giordano from DTZ to become a senior vice president of Manhattan office leasing, Commercial Observer has learned.

Mr. Giordano is returning to the brokerage where he got his start, according to CBRE, where he served as a vice president from 1999 to 2004. He’s coming back with a lengthy record of leasing under his belt particularly to corporate clients including Citibank and JPMorgan Chase. Read More

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Wells Fargo Vet Tapped to Lead CRE Venture

Adam Davis.

Adam Davis will head four of Wells Fargo’s commercial real estate businesses, the bank announced.

The 14-year veteran of the company will oversee Commercial Real Estate Capital Markets & Finance, Corporate Net Lease, Real Estate Capital Markets Organizations and Commercial Mortgaging Servicing, according to Wells Fargo. Read More

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Prospect Capital Group Joining Eastern Consolidated

Sam Zabala.

Prospect Capital Group is joining Eastern Consolidated as the company beefs up its capital advisory division, Commercial Observer has learned.

Adam Hakim and Sam Zabala, the partners of PCG, will become managing directors at Eastern Consolidated and work alongside Jonathan Aghravi, who started the division last year, the company announced. James Murad, a PCG associate, is also joining the company and will manage relationships with clients and capital markets, along with underwriting properties and projects. Read More

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Brookfield’s Ed Hogan Heads to Vornado

Ed Hogan. (Will O'Hare Photography)

Ed Hogan, the national director of leasing at Brookfield Office Properties, has been hired to oversee leasing at Vornado Realty Trust, Commercial Observer has learned, replacing Sherri White.

The longtime Brookfield executive will be responsible for retail leasing in Vornado’s Manhattan portfolio as well as revamping Penn Plaza, the company’s chief executive officer, Steven Roth, announced in an internal memo obtained by CO. The largest landlord in the area around Pennsylvania Station, Vornado has been planning to make its Penn Plaza holdings more attractive to potential tenants. Read More

The Lobby

Three Top Brokers From Eastern Consolidated Head to Meridian

David Schechtman.

David Schechtman, Lipa Lieberman and Abie Kassin have left Eastern Consolidated for Meridian Capital Group, Commercial Observer has learned, launching a new investment sales division with Mr. Schechtman as a key principal.

The trio’s last day at Eastern Consolidated was yesterday, according to Daun Paris, the co-founder of Eastern Consolidated, who noted that while Mr. Schechtman “was an important part of the team,” Eastern Consolidated still retains “a deep bench of talent.” Read More

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Avison Young Taps New Principal, President in NYC Office

A. Mitti Liebersohn.

A. Mitti Liebersohn has been named principal and president of Avison Young‘s New York City office, joining company Principal and Tri-State President Arthur Mirante to grow the firm’s presence, the firm announced.

Mr. Liebersohn will be assuming the managing director responsibilities that Mr. Mirante had taken over from Greg Kraut, who transitioned to a senior broker role a couple of years ago. Read More

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Valerie Carlise Named Managing Director of Operations at DTZ

Valerie Carlisle.

Valerie Carlise has joined DTZ’s New York office as the managing director of operations, the company announced last week.

Ms. Carlise, who previously worked as the director of operations for Savills Studley’s New York and Boston offices, started her new role in February. She is “work[ing] to drive operational efficiency” alongside Peter Hennessy, the president of the New York tri-state region, according to a spokesman for the real estate company. Read More

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Mitsui Fudosan America Appoints New CEO

John E. Westerfield

Japan’s largest developer Mitsui Fudosan, which has a 92 percent stake at 55 Hudson Yards, has named John E. Westerfield the chief executive officer of its U.S. operations.

Mr. Westerfield, who was previously a managing director at Morgan Stanley, will assume his new role on April 1, according to a press release issued by the company. Read More

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Jennifer Tuhy Promoted to Chief Financial Officer of Hudson Yards

Jennifer Tuhy.

Jennifer Tuhy is now the chief financial officer of Hudson Yards, a newly-created position at Related Companies.

Ms. Tuhy assumed her position earlier this month. As the CFO of the massive project, Ms. Tuhy, 39, will oversee all finance and accounting – budgeting, accounting and controls, financial reporting, tax, treasury and information systems- for Hudson Yards, the largest private real estate development in U.S. history. Read More

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MHP Real Estate Services Names Mark Furst Senior Managing Director

Mark Furst.

MHP Real Estate Services, which owns, leases and manages roughly six-and-a-half million square feet of office space in New York City, has named Mark Furst as a senior managing director. In his new role, Mr. Furst will do tenant representation, landlord representation and leasing.

“David [Greene] and I have been talking for a number of years and I’m excited because it’s a great platform,” said Mr. Furst of his new position. “There are great people here. I had been at my former place for 16 years, and it was a great run with great people. I just wanted to go to a little bit of a smaller shop.” Read More

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Savills Studley Promotes Two to Executive Managing Director

Will Silverman (left) and Jeffrey Peck of Savills Studley.

Commercial real estate firm Savills Studley has promoted Jeffrey Peck and Will Silverman, previously senior managing directors, to executive managing directors, Commercial Observer has learned.

Mr. Peck joined Savills Studley in 2000 and has worked with tenants including National Public Radio, Burberry, the City University of New York, Valentino and Tourneau to assist them in securing office space. Throughout his career, he has overseen approximately 5 million square feet in transactions. He graduated from Boston University in 1985. Read More

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Kuafu Properties Picks Up Stephen Muller From Greenwich Group

Stephen Muller.

Stephen Muller joined Kuafu Properties earlier this month as chief investment officer following a decade as a managing director in investment banking at The Greenwich Group International. Mr. Muller, 37, has 15 years experience directing and overseeing multi-billion-dollar real estate investments. In his new role he is responsible for Kuafu’s investment and financing activities, and the origination and development of new investment opportunities.

“Stephen’s track record of sourcing, underwriting, marketing and financing major mixed-use developments over the past few years is a perfect complement for Kuafu’s platform,” said Shang Dai, the chief executive officer, who first noticed Mr. Muller while looking at deals he was advising on. Impressed by his overall knowledge, Mr. Dai said Mr. Muller also possesses “those hard-to-explain qualities” that make someone a right fit at the firm that’s bringing the far east to Hudson Yards like the Hudson Rise Hotel, which is part of Kuafu’s portfolio. Read More

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Adelaide Polsinelli, Lipa Lieberman Promoted at Eastern Consolidated

Adelaide Polsinelli and Lipa Liberman (images: Marino Organization).

Adelaide Polsinelli and Lipa Lieberman have been promoted to managing director and principal, titles that are effective immediately, according to a press release issued by Eastern Consolidated today.

“Adelaide and Lipa are two of our top producers, who constantly demonstrate the highest level of professionalism, are extremely motivated and brilliant individuals, and deliver the highest returns for their clients,” said Daun Paris, the president of Eastern Consolidated, in prepared remarks. “They have greatly contributed to our firm’s growth and success and we look forward to seeing what they accomplish in the coming years.” Read More

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Jordan Claffey to Head RFR’s New Retail Division

Jordan Claffey.

Jordan Claffey, the vice president and director of retail leasing at RFR Realty, will be heading up the firm’s new retail-focused division from the company’s office at the Lever House, the company announced today.

As head of RFR Retail, Mr. Claffey will oversee lease negotiations, business development and marketing initiatives within the firm’s retail portfolio. The real estate investment, management and development firm hired Mr. Claffey last spring from Thor Equities, where he was a vice president of leasing. Read More