Greystone Development’s CEO leaves to launch own firm

Jared Chassen to join Jeff Simpson at Arch Companies

New York /
Dec.December 11, 2017 01:05 PM

From left: Thomas Ryan, Jeff Simpson and Jared Chassen

Greystone Development’s CEO Jeff Simpson is leaving the company to launch his own real estate investment and development firm, Arch Companies.

Greystone Development’s head of acquisitions, Jared Chassen, is joining him. Thomas Ryan, who currently serves as head of operations, will replace Simpson on Jan. 1.

Arch Companies will collaborate with Greystone on existing projects and future developments, the firm said in a statement Monday.

Simpson joined Greystone in 2007 and became the CEO of its development subsidiary in 2013. Greystone Development’s portfolio spans 15 projects with a combined 1.5 million square feet in New York, California and South Florida. The company recently filed a $61 million condo offering plan for their 14-unit project at 164 West 74th Street. It also submitted plans for an eight-unit, $31 million new construction project at 108 Chambers Street in May. — Konrad Putzier


Related Articles

arrow_forward_ios
In the days after Hong Kong circulated its latest virus measures this month, several shops, bars and eateries said they would close (Geology.com, iStock)
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
No Joke: Pete Davidson (left) and Colin Jost just purchased a Staten Island Ferry boat. (Getty)
Floating real estate: Colin Jost, Pete Davidson buy Staten Island Ferry boat
Floating real estate: Colin Jost, Pete Davidson buy Staten Island Ferry boat
Vicky Ward (CNN)
Vicky Ward breaks down New York State’s Trump investigation
Vicky Ward breaks down New York State’s Trump investigation
Lloyd's of London headquarters at Lime Street (Lloyd's of London/CC BY 2.5 - via Wikimedia Commons, iStock)
Lloyd’s of London may exit “Inside Out” home after three decades
Lloyd’s of London may exit “Inside Out” home after three decades
(iStock/Illustration by Kevin Rebong for The Real Deal)
NYC investment sales hit multi-year peak to end 2021
NYC investment sales hit multi-year peak to end 2021
Tax assessments rise 9%, signaling higher bills for landlords
Tax assessments rise 9%, signaling higher bills for landlords
Tax assessments rise 9%, signaling higher bills for landlords
From left: Ryan Johnson and Jeff Berens, co-founders of Culdesac, in front of a rendering of Culdesac Tempe (Culdesac, iStock)
Startup that wants to build car-free cities raises $30M Series A
Startup that wants to build car-free cities raises $30M Series A
From left: Stephen Schwarzman, chairman, Blackstone; Barry Sternlicht, chief executive officer, Starwood Capital Group (Getty Images, Brookfield Asset Management/Illustration by Steven Dilakian for The Real Deal)
Blackstone, Starwood to pay $1.5B for WoodSpring Suites properties
Blackstone, Starwood to pay $1.5B for WoodSpring Suites properties
arrow_forward_ios

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

Loading...