Sherri Schugart, senior managing director and president and CEO of Hines' Core Fund, said, "These trophy assets
delivered exceptionally strong returns to our investors."
These trophy assets
will deliver exceptionally strong returns to our investors."
He participated in numerous high-end office transactions within the World Financial Center, the World Trade Center and other trophy assets
throughout New York City.
Three partners had inherited the property and hired Von Der Abe and partners because of their niche expertise and experience with marketing trophy assets
in the Manhattan market.
"We are very pleased to have facilitated the process of delivering one of New York City's trophy assets
to a new owner," said Edelstein.
"We're believers that New York is going to experience an extremely strong recovery, particularly for trophy assets
. This building is well situated to participate in that recovery," RXR president Scott Rechler said in an interview with Bloomberg News when the sale was One of the New York Tri-State area's premier real estate operating companies, RXR has a significant presence in Manhattan and the New York Tri-State area.
Rechnitz enjoyed a meteric rise at AFI-USA as the company indulged in a pre-recession spending spree bagging trophy assets
around the country.
In addition to discussing the rebranding effort his company has recently undertaken to distinguish its areas of focus and expertise, Malkin used the presentation as an opportunity to delve into the significant infrastructure improvements that W&H Properties, Malkin's brand for its New York City Pre-War trophy assets
, has taken to upgrade The Empire State Building, including an energy sustainability program for the property, executed in partnership with Jones Lang LaSalle, to significantly reduce the building's energy and greenhouse gas emissions.