Witkoff talks Toy Center acquisition at real estate panel

New York /
Sep.September 23, 2011 03:26 PM

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


Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)
Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)
Douglas Elliman is coming to Texas
Douglas Elliman is coming to Texas
Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)
Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
(Unsplash / Paulo Silva)
Manhattan resi market has busiest quarter in 3 decades
Manhattan resi market has busiest quarter in 3 decades
(Getty)
Douglas Elliman mandates staff vaccination at offices nationwide
Douglas Elliman mandates staff vaccination at offices nationwide
Cash to burn: How brokerages are spending capital in a record year
Cash to burn: How brokerages are spending capital in a record year
Cash to burn: How brokerages are spending capital in a record year
From the rubble: How NYC real estate lived 9/11
From the rubble: How NYC real estate lived 9/11
From the rubble: How NYC real estate lived 9/11
Richard Steinberg (Courtesy of Compass)
Richard Steinberg jumps from Douglas Elliman to Compass
Richard Steinberg jumps from Douglas Elliman to Compass
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...