Port Authority executive leaves for private sector real estate

Erik Horvat is joining Chinese conglomerate Fosun International

New York /
Jun.June 30, 2014 05:45 PM

Erik Horvat, 42, director of World Trade Center redevelopment at the Port Authority of New York and New Jersey, is leaving to pursue a job in the real estate industry.

Horvat is joining Fosun International, a Chinese conglomerate. He will work on establishing a platform to invest in New York City real estate and manage its operations in New York. Fosun Bought One Chase Manhattan Plaza for $725 million last year. Horvat’s first assignment will be renovating and leasing that 60-story, 2.2 million-square-feet building.

“I’ll be tasked with repositioning that asset and growing their business here,” Horvat told Crain’s. “This is a huge opportunity for me to be part of a company that is going to be very significant here.”

Horvat’s move follows the departure of Philippe Visser to join the Related Companies and Richard Gladstone’s to go work for Trinity Real Estate. [Crain’s] — Claire Moses 


Related Articles

arrow_forward_ios
Port Authority Inks Deal to Bring $145M Cargo Hub to JFK (iStock)
Port Authority inks deal to bring $145M cargo hub to JFK
Port Authority inks deal to bring $145M cargo hub to JFK
CBRE CEO Robert Sulentic and One World Trade Center (CBRE, iStock)
Port Authority taps CBRE to manage WTC
Port Authority taps CBRE to manage WTC
Silverstein Properties’ Larry Silverstein and Brookfield’s Brian Kingston (Getty/Illustration by Kevin Rebong for The Real Deal)
Port Authority taps Silverstein, Brookfield to build 5WTC
Port Authority taps Silverstein, Brookfield to build 5WTC
Douglas Durst of the Durst Organization, Port Authority Executive Director Rick Cotton, and Conde Nast CEO Roger Lynch. (Getty)
Condé Nast isn’t paying rent at 1WTC amid lease dispute
Condé Nast isn’t paying rent at 1WTC amid lease dispute
The bus terminal was built in the 1950s and designed to serve one fourth of the riders it sees today. (Getty)
Port Authority to raze, replace “hell on earth” bus terminal
Port Authority to raze, replace “hell on earth” bus terminal
TRD's Erik Enguist and Port Authority's Rick Cotton
Port Authority, out $3B, has waterfront land to sell
Port Authority, out $3B, has waterfront land to sell
TRD's Erik Enguist and Port Authority's Rick Cotton
Can the Port Authority bring NYC back? Tune in to TRD Talks Wednesday
Can the Port Authority bring NYC back? Tune in to TRD Talks Wednesday
Port Authority Bus Terminal and AECOM CEO Troy Rudd (Roger Rowlett via Wikipedia; AECOM)
“Worst place on earth” may be buried underground
“Worst place on earth” may be buried underground
arrow_forward_ios

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

Loading...