The Real Deal New York

Todd Bassen splits from Joseph Farkas

Exec joined investment firm in January 2016
By Konrad Putzier | December 07, 2017 10:15AM

Todd Bassen and Joseph Farkas

Todd Bassen’s professional marriage to Joseph Farkas was short-lived. The former WeWork and Invesco executive has left Farkas’ Metropolitan Realty Associates after less than two years, he said at Fried Frank’s holiday party Tuesday night.

Bassen would not say what he plans to do next. He joined the real estate investment and development firm as a managing principal in January 2016, with an eye on shifting its focus on Manhattan properties.  Around the same time the company moved its headquarters from Long Island to 555 Madison Avenue.

It wasn’t immediately clear why Bassen left. Farkas did not respond to a request for comment.

Bassen spent years as a top executive at Vornado Realty Trust and as head of New York real estate acquisitions at Invesco, before joining WeWork as co-head of real estate for a brief stint in 2015. He left the co-working company after a mere three months.

Metropolitan Realty Associates developed the Riverdale Crossing shopping center in the Bronx, which it sold to Vanbarton Group for $133 million in 2015.

Earlier this year, the company partnered with TIAA to buy the Mastil Bros. building in Long Island City for $55 million.