Instead of its usual stomping grounds high above the Meatpacking District at the top of the Standard Hotel, the firm hosted guests this year at the Spring Studios event space last Wednesday night.
The event – which is always one of the livelier of the real estate industry’s holiday-party circuit – drew a crowd of movers and shakers, as per usual.
Madison Realty Capital decorated the entrance to their party space with renderings of the various projects they had financed over the years. And as the suit-and-tie real estate crowd arrived at the trendy Tribeca venue, they mixed in the elevators and hallways with attendees at other parties in the building – some of whom sported neon-colored hair and were clearly part of a more decidedly Downtown party scene.
At the entrance to the party, two signs on the wall with a pink spotlight announced, sans punctuation, “Madison Realty Capital,” and, “The Holiday Party.” The well-dressed gatekeepers checked the guest list on iPads.
Madison Realty Capital’s Josh Zegen mingled in a crowd that included Jonathan Landau of Fortis Property Group, Ackman Ziff’s David Rabinov, MHP Real Estate Services’ David Sturner, Meridian Capital’s Ralph Herzka, Steven Vegh of Westwood Realty Associates and Adelaide Polsinelli of Compass, among others.
Partygoers could also sneak up a set of stairs to a lounge overlooking the room. The perch, after wading through a maze of black balloons and pinkish purple light, offered a bird’s-eye view of the impressive crowd. The bathroom on this floor was also filled with balloons.
Ian Bruce Eichner, who got a $168 million condominium-inventory loan from Madison Realty earlier this year for his Flatiron District apartment tower at 45 East 22nd Street, was in attendance. So was a representative from Dune Real Estate, Eichner’s equity partner on the tower that he sued over the project earlier this year.
But it can be difficult to avoid those kinds of uncomfortable crossings when putting together a guest list in such a litigious industry.