Changing of the Guard, Real Estate Style
T he turnover of leadership at New York’s venerable real estate organizations has been staggering. Since September, Stephen Ross of Related Companies, Michael Fascitelli of Vornado Realty Trust, Mort Zuckerman of Boston Properties, Larry Silverstein of Silverstein Properties and Bruce Ratner of Forest City Ratner have all announced their resignations from their current roles.
While all will stay involved with their respective companies in one form or another, the changing of the guard in New York real estate has been in full swing.
Below, The Commercial Observer highlights each of these men—and their replacements—along with the one that started the recent trend, Douglas Durst.