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The Lobby

Eastern Consolidated Names Mark Schnurman a Principal

Mark Schnurman.

Mark Schnurman has been promoted to principal at Eastern Consolidated, and will continue overseeing the brokerage’s sales division, Commercial Observer has learned.

Mr. Schnurman, who writes a column for CO, will now play a role in guiding where the company is going. He is also the chief sales officer, a role he took last year after starting as a sales manager in 2013, responsible for sales recruitment and development. During that time, according to the company, the Penn State University graduate has doubled the brokerage team and continues bringing in more members, Eastern Consolidated said in a press release. Read More

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Deutsche Bank’s Jonathan Pollack Joins Blackstone

Jonathan Pollack.

Jonathan Pollack, former global head of commercial real estate at Deutsche Bank, has joined Blackstone Group as a senior managing director in the New York private equity firm’s real estate division, according to a release from Blackstone.

Mr. Pollack, who also served as head of risk for structured finance at Deutsche Bank, is taking over as chief investment officer for Blackstone Real Estate Debt Strategies. He will report to Michael Nash, the global head of BREDS, in his new role. Read More

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Brookfield’s Dennis Friedrich Becomes New Downtown Alliance Chair

Dennis Friedrich (Photo: Arman Dzidzovic/Commercial Observer).

Dennis Friedrich, the chief executive officer for global office of Brookfield Property Partners, has been elected as the next chairman of the Downtown Alliance, the group announced today.

The group’s board of directors voted unanimously last night to have Mr. Friedrich replace longtime chairman Robert Douglass, who will stay on as a board member. The chairman serves in a non-employee role, and is responsible for guiding the Alliance’s policies and mission, according to the group. Jessica Lappin, the president of the Alliance, oversees day-to-day operations for the business-boosting organization, and will work with Mr. Friedrich. Read More

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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

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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