Andrew Kimball just landed a new job.
New York University hired the former Economic Development Corporation president and CEO to oversee the school’s global real estate portfolio, Crain’s New York Business reported.
Kimball will take over in August with the title senior vice president for global real estate, facilities and campus development. The annual base salary range for this position is around $600,000, according to job posting. NYU Langone Health’s portfolio will not roll up to Kimball.
Kimball will be tasked with overseeing a roughly 20 million-square-foot global real estate portfolio.
“This is about managing that footprint primarily, as opposed to growing it, and making sure that it’s done in really strategic ways,” he told Crain’s Wednesday.
Under Mayor Eric Adams, Kimball led EDC from 2022 until January 2026 and was involved in the redevelopment of the Brooklyn Marine Terminal and SPARC Kips Bay, among other projects.
Kimball ran Industry City and the Brooklyn Navy Yard Development Corp. before joining Adams’ team. Kimball is known for working for Mike Dukakis during his 1988 presidential campaign and for Mario Cuomo during his unsuccessful 1994 reelection campaign.
Jeannie Pak, who previously worked in the role of EDC’s chief financial officer, has been the agency’s interim president and CEO since January. Pak reportedly can become EDC’s permanent chief.
NYU has the largest real estate footprint of any college or university in the city. Last year, the school expanded by acquiring 1 West 4th Street in NoHo from Hebrew Union College — which purchased the property from NYU back in 1978 — for $75.5 million.
The school purchased a 12-story student housing development at 35 Cooper Square from Bhatia Development and Sherwood Equities for $69.2 million in 2024. A year before that, the school purchased a 120,000-square-foot office building at 400 Lafayette Street from Sand Associates for $97.5 million.
Other notable deals include paying $134 million in 2010 for the 733-bed Founders Hall dormitory at 120 East 12th Street and 2022’s $122 million purchase of an office building at Downtown Brooklyn’s MetroTech Center.
The NYU global network includes campuses in Abu Dhabi, Shanghai, Accra, Berlin, Buenos Aires, Florence, London, Madrid, Paris, Prague and Tel Aviv.
— Simon Galkevich
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