search

The Real Deal Logo

Trending

Insult to injury: Kushner dinged $15M after losing $186M dealInsult to injury: Kushner dinged $15M after losing $186M dealNaftali unveils sprawling $600M Williamsburg Wharf “urban resort”Naftali unveils sprawling $600M Williamsburg Wharf “urban resort”Whole new world: How NYC values 421a, 485x sites nowWhole new world: How NYC values 421a, 485x sites nowHudson Pacific posts $52M loss as office causes pain in portfolioHudson Pacific posts $52M loss as office causes pain in portfolio
Commercial
New York

Greystone Development’s CEO leaves to launch own firm

Jared Chassen to join Jeff Simpson at Arch Companies

From left: Thomas Ryan, Jeff Simpson and Jared Chassen
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.

Sign Up for the undefined Newsletter

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

Tags
Commercial Real EstateDevelopmentGreystone