Scott Galin, Handler Real Estate Organization


2013 Owners MagazineFavorite charity? 

Anti-Defamation League, Make-A-Wish Foundation.

SEE ALSO: Douglaston Development Lands $106M in Construction Financing for Affordable Housing

Real estate prediction for 2014? 

Manhattan will see a mostly tight retail market and a strong office market on the West Side and in Midtown.

Where in New York is there still untapped potential for real estate development? 

Though challenging, there are several interesting opportunities. As an owner/investor, we are exploring several and hope to have news to announce in the coming year.

What real estate policy should New York’s next mayor make a priority?   

The Midtown rezoning issue will have a major impact on the city. The building stock is simply too old to effectively serve the changing needs of the office market. We need to open up this area both for today and the foreseeable future.

What qualities do you look for in an agent representing your buildings? 

Integrity, fastidiousness, market knowledge and strong work ethic—values that are consistent with our company.

What is one aspect of your business you wish you had more time for? 

Interviewing for additional brokers and key staff to service our management business and owned properties.

Greatest fear: 

Business: impact of the choppy interest rate environment on the real estate market. Personal: anything that would negatively affect the health and/or well-being of my family and good friends.

If approved, the Midtown East rezoning initiative will: 

Approving the East Side rezoning would accommodate the need for new Class A office space in Manhattan, i.e., buildings with infrastructure and modern conveniences that many tenants will demand or require.

In the film version of your life, which actor would portray you? 

George Clooney (because my wife would love that).

Foreign real estate market you’d most like to invest in: 

Bermuda, Carpi, Saint-Tropez.

Is broadband connectivity in New York City a priority at your buildings? 

Many existing buildings have already upgraded, and others are in the process. All new buildings have it. But there’s no doubt that broadband connectivity is essential for the modern workforce.

What should happen with Madison Square Garden and Penn Station? 

The city needs to relocate MSG to a more suitable address and construct a train station that is fitting for the world’s No. 1 metropolis.

What New York City building should be torn down? 

MSG/Penn Station should be razed and then properly redeveloped.