The Real Deal New York

Port Authority executive leaves for private sector real estate

Erik Horvat is joining Chinese conglomerate Fosun International
June 30, 2014 05:45PM

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