Bruce Schonbraun
As head of FTI Consulting, one of the largest commercial real estate consulting groups in the country, Bruce Schonbraun has gotten a front-row seat for the commercial market volatility since the recession hit. But, in a sit-down interview with the Observer, Schonbraun said that foreign interest in Manhattan properties remains high — and he doesn’t expect that to change. “Manhattan continues to be a place that investors — particularly foreign investors, sovereign funds and pension funds — consider to be the place, with a capital T-H-E, that they want to be in,” Schonbraun said. But foreign investment isn’t the only thing on FTI’s plate these days. Schonbraun said that workouts — the company advised creditors involved in the Lehman Brothers bankruptcy — are a major part of his business in the post-boom era. [NYO]
