The Real Deal New York

Witkoff talks Toy Center acquisition at real estate panel

September 23, 2011 03:26PM

The Real Deal New York
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  • From left, Jeffrey Schwartz (Partner at Wolf Haldenstein Adler Freeman & Hertz LLP), Alan Miller, (Senior Director Eastern Consolidated), Winston Fisher (Partner, Fisher Brothers), Faith Hope Consolo (Chairman, Retail Group, Prudential Douglas Elliman Real Estate), Norman Sturner (President and CEO, Murray Hill Properties), Jeffrey Lenobel (Partner, Schulte Roth & Zabel) and Ryan Slack (CEO, GreenpearlEvents.com) (credit, Marc Becker)

  • From left, Norman Sturner, President and CEO of Murray Hill Properties and Faith Hope Consolo, Chairman of the Retail Group at Prudential Douglas Elliman Real Estate (credit, Marc Becker)

  • From left, Gary Eisenberg, Partner, Herrick, Feinstein, LLP and Greg Corbin, Director, Besen & Associates (credit, Marc Becker)

  • From left, Barry Berkowitz, Managing Director at Newmark Knight Frank and Norman Sturner, President and CEO of Murray Hill Properties (credit, Marc Becker)

  • From left, David Cohen (Regional Director, GE Capital Real Estate), Winston Fisher (Partner, Fisher Brothers) and Jack Rosenfeld (Principal, Loan Resolution Advisors) (credit, Marc Becker)

  • From left, Spencer Garfield, Managing Director, Hudson Realty Capital, and Ofer Yardeni, Managing Partner, Stonehenge Partners (credit, Marc Becker)

  • From left, Paul Massey, CEO & Founding Partner of Massey Knakal Realty Services, and Ryan Slack, CEO of GreenpearlEvents.com (credit, Marc Becker)

  • Steven Witkoff, CEO of the Witkoff Group and Jeff Lenobel, Partner at Schulte Roth & Zabel (credit, Marc Becker)

  • From left, Emmanuelle Slossberg, Director, Strategic Development, CetraRuddy, and Moses Sioni, Managing Director, Sioni and Partners (credit, Marc Becker)

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The third annual GreenPearl New York event titled “Beyond Distress” was attended by over 450 real estate professionals. Witkoff Group Chairman Steve Witkoff delivered the keynote address, focusing on his acquisition of the International Toy Center at 1107 Broadway from Lehman Holdings. Mark Gorton, founder of Tower Research Capital, and the originator of Limewire — an early file-sharing program that resembled Napster — discussed the impact closing parts of Times Square to automobiles has had on businesses and the environment.

The event’s first panel, “Battlefield for New York,” included an impressive list of real estate experts (see photo above), including Faith Hope Consolo, chairman of the retail group at Prudential Douglas Elliman.

Afterwards, Ryan Slack, the CEO of GreenPearlEvents, confided that attendance was down from the first year’s event — “The Distressed Real Estate Summit” — which attracted over 750 attendees. He speculated that the difference is probably due to the fact that a lot of those individuals are either out of the industry or have realized that the deals for forty cents on the dollar just never materialized. – Marc Becker

Tags: 1107 Broadway, faith hope consolo, greenpearl, lehman holdings, prudential douglas elliman, Steve Witkoff, witkoff group

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