This Week: Deutsche Bank, the New Grand Hyatt and Optimism in CRE
If there was one big takeaway from 2020 regarding real estate, it was this: Rethink everything. Big, new, splashy tower? Rethink it. Hospitality of any kind? Rethink it. Midtown is the safest New York...
View ArticleMack-Cali Names Mahbod Nia as CEO, Replacing MaryAnne Gilmartin
Mack-Cali Realty Corporation named Mahbod Nia, the former head of NorthStar Realty Europe Corp. (NRE), as its new CEO, replacing MaryAnne Gilmartin, who stepped in on an interim basis this past summer...
View ArticleThe Biggest Jumps of Power 100
MaryAnne Gilmartin is no stranger to Power 100. Not too long ago, she had been running Forest City Ratner Companies as CEO and president, where she developed The New York Times Building, the Frank...
View ArticleSunday Summary: Yes, Facebook Still ‘Likes’ the Office
Last week was good news for those watching the unemployment numbers, and good news for people still terrified about the prospect of work-from-home permanently altering the office landscape. To wit,...
View ArticleCRE Execs Seek Balance Between Optimism and Concern on Berdon/Bloomberg Forum
On Nov. 17, Berdon, in conjunction with Bloomberg Media Group, hosted a virtual 2020 Real Estate Industry Executive Forum consisting of two panel discussions about the state of the industry. The...
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Andrew Staniforth and MaryAnne Gilmartin Plotting a Modular Empire with...
Assembly (n): A group gathered together in one place for a common purpose. If there’s one thing the past two years have taught us, it’s that just because things were done in a certain way for a long...
View ArticleSunday Summary: Hochul and Adams Make Moves
Coming out of the holiday weekend two people seemed to dominate the headlines: Gov. Kathy Hochul and Mayor Eric Adams. Hochul kicked off the start of the workweek on Jan. 18 by releasing her $216...
View ArticleCommercial Real Estate and Eric Adams Build Each Other Up in New York
“Brooklyn is in the house,” MaryAnne Gilmartin, head of MAG Partners, said of the newly elected mayor, who like her hails from Brooklyn. While working at Brooklyn-based Forest City Ratner Companies...
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NY’s Future Hinges on Restoring the Confidence of Businesses and Commuters:...
New York City is en route to socioeconomic recovery, with the steps necessary for reviving the commercial real estate industry — and the city at large — already well underway. While New York grapples...
View ArticleDevin Gilmartin’s Canvas Stretches Over New York and Beyond
Devin Gilmartin stood inside the dimly lit former Victoria’s Secret store catty-cornered from the main hall of the World Trade Center train station and imagined the possibilities. His sustainable...
View ArticleESG: Fad or Fixture?
Like the Dutch tulip craze of the 17th century, or the Furby mania of the 1990s, the allures of a bandwagon are difficult to resist, and years later can lead followers to the painful question: What the...
View ArticleFresh From Qatar, Eric Adams Talks Up Creative Solutions for NYC’s Problems
There are people who have confidence in New York City’s real estate market even on its most volatile days. Mayor Eric Adams and Larry Silverstein are two of them, evident in the opinions they expressed...
View ArticleMAG Partners Buys Ground Lease for Residential Co-Op Redevelopment
MaryAnne Gilmartin’s MAG Partners has purchased the $63.8 million leasehold for 335 Eighth Avenue from Penn South and plans to turn the site into a mixed-income apartment building. MAG Partners signed...
View ArticleLidl to Open New 23K SF Grocery Store in Chelsea
A new Lidl grocery store is headed to 335 Eighth Avenue and it’s anything but little, Commercial Observer has learned. Lidl inked a 15-year deal for 23,000 square feet at the base of the affordable...
View ArticleCoffee With Citrin Cooperman Welcomes MAG Partners’ MaryAnne Gilmartin
For the latest installment of “Coffee With Citrin Cooperman,” a video series hosted by Citrin Cooperman and produced with Commercial Observer (the former “Breakfast with Berdon” changed its title...
View ArticleHow Sam Chandan Became the Go-To Economist for CRE’s Elite
When the pandemic engulfed the world, Sam Chandan volunteered for the fire department. Chandan was four years into what would be a six-year tenure as the Larry and Klara Silverstein chair and academic...
View ArticleElliott Investment Management Provides $196M Refi for Chelsea Multifamily Asset
MaryAnne Gilmartin’s MAG Partners has secured a $196 million refinancing loan for its 480-unit mixed-income luxury rental project in the heart of Manhattan’s West Chelsea neighborhood. The financing...
View ArticleSunday Summary: McKinsey’s $800 Billion Bombshell
Real estate was delivered a punch squarely to the gut last week. McKinsey & Company — the largest, oldest and arguably most respected of the big three consulting firms — issued a report carrying a...
View ArticleNYC Owners: Sure, We’ll Talk About Jerome Powell
As 2008 was winding down and the financial markets were reeling, the chairman of the Federal Reserve (Ben Bernanke at the time) cut interest rates to zero. It was an incredibly bold and incredibly...
View ArticleGlobal Holdings Joins MAG Partners, Safanad in $200M Luxury Resi Development
MAG Partners and Safanad have formed a joint venture with Global Holdings Group to capitalize their new 23-story, 194-unit, mixed-use luxury residential development at 300 East 50th Street in the...
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