New York Forever:
A Celebration of Our City
WELCOME T
2022 Honorees
he immense challenges of the past two years have put all of us to the test. There are some who even doubted our city’s capacity to recover from the economic and societal impacts of the pandemic. But with every passing day, our collective efforts have proven that old refrain: “You can never bet against New York City.”
market indicators suggest even more incremental growth in our sector is ahead. Public transit ridership levels seem to hit new pandemic-era peaks every week and some commercial building owners are already seeing occupancy rates of more than 60% of pre-pandemic levels – showing that more momentum is building every day.
The real estate industry, as it always has during tough times, has been at the forefront of the City’s path to long-term recovery. Many of the world’s largest and most innovative companies have not only maintained their office presence in our central business districts, but further invested in their real estate footprint. Retail corridors are seeing renewed energy as more visitors return to the City from across the nation and world, and leading brands are again leasing space and filling out corridors next to many upstarts who jumped at the chance to enter the market over the last few years. Despite the exodus many predicted, New York remains a highly sought-after place to live as residential market has returned to prepandemic levels of demand and activity.
Of course, there is still much work to do to achieve full economic recovery for our city and its residents. Continued collaboration between the public and private sectors will play a critical role in getting us there – and we are optimistic about what the future holds.
This is good news for our industry but even better news for the broader economy, as real estate generates more than half of the City’s annual tax revenue that supports the basic government services that millions of New Yorkers rely on. Many other
Governor Kathy Hochul and Mayor Eric Adams have both brought a much-needed focus to core issues – including public safety, quality of life, economic development and better deliver of government services – that will help move the City forward. We are proud to partner with State and City officials on addressing these important issues and will continue to do so moving forward.
It is with all of this in mind that REBNY has brought a renewed spirit to our iconic annual event. This year’s event carries a new name: “New York Forever: A Celebration of Our City” and a new and exciting format that features some of the City’s most renowned chefs and mixologists. We will continue our tradition of recognizing a group of incredible honorees who have left indelible impacts on New York City and our industry. But one other new element will be our greater emphasis on highlighting the work of the REBNY Foundation, REBNY’s charitable arm that will benefit from a portion of the proceeds generated at this year’s event.
Alongside partners in the public sector, we must also remain focused on addressing the long-term challenges our city continues to confront. Our housing supply crisis will continue to impact affordability and more must be done to increase production of much-needed rental
The growth of the REBNY Foundation in recent years is a prime example of how our industry has gone above and beyond our role as the City’s key economic engine to also make greater impacts to support vulnerable and underserved populations across the five boroughs while also bringing
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housing. We must get innovative and creative about creating more live-work-play communities in our central business districts to continue attracting major employers and supporting small businesses throughout key corridors. We must ensure that our infrastructure and transit systems have the support and resources they need to carry us forward into the next generation and far beyond.
a greater focus on equity. This is exemplified through the Foundation’s focus on three key areas: housing, workforce development and diversity and inclusion. Through Project Parachute, the Foundation has brought together the non-profit community and REBNY’s members to provide rental assistance and other support for thousands of vulnerable New Yorkers impacted by the pandemic. With the City University of New York and the non-profit Project Destined, the Foundation has provided paid internship opportunities to diverse CUNY undergraduate students to empower New York’s workforce with the skills they need to support the businesses growing in their own backyard. We have also partnered with Building Skills NY to connect underemployed New Yorkers with jobs and training to create new career pathways into the construction industry. In partnership with Coro New York, we launched the REBNY Follows Leadership Program in 2020 to bring in real estate professionals from diverse backgrounds for a six-month training program to help elevate their careers and prepare them for opportunities that increase their impact on the industry. The program continued this year with 14 amazing and impressive Fellows who just graduated this Spring.
Like the City, New Yorkers are resilient and headstrong to overcome great change. REBNY is dedicated to seeing New York through the pandemic and emerging even stronger and more equitable on the other side.
Douglas Durst, Chairman, Real Estate Board of New York
Jim Whelan, President, Real Estate Board of New York
June 20, 2022 S1 6/16/22 8:34 AM
Announcing Honorees of REBNY’s New York Forever: A Celebration of Our City
The John E. Zuccotti Public Service Award Recognizes a New Yorker who has displayed exceptional accomplishments and service in the public’s interest Hazel Dukes is a member of both the NAACP national board of directors and the NAACP executive committee, and she is an active member of NAACP board subcommittees. Dukes is a woman of great strength and courage. Her dedication to human rights and equality is exemplified in her work linking business, government and social causes. An active and dynamic leader, she is known for her unselfishness and her track record for improving the quality of life in New York state. Dukes is president of the Hazel N. Dukes & Associates consultancy firm, which specializes in public policy, health and diversity. She received a bachelor’s degree in business administration from Adelphi University and completed her postgraduate work at Queens College. In 1990 she was awarded an honorary Doctor of Laws degree from the City University of New York Law School at Queens College. In 2009 she was conferred with an honorary doctor of humane letters from Medgar Evers College. She was awarded an honorary doctor of humane letters degree in 2012 from the Touro College of Osteopathic Medicine. She has received numerous awards for her leadership activities, including the Ellis Island Medal of Honor, the YWCA City of New York John La Farge Memorial Award for Interracial Justice and the Guy R. Brewer Humanitarian Award. In 2007 she was of one The Network Journal’s 25 Most Influential Black Women in Business.
HAZEL DUKES
President NAACP New York State Conference
Dukes was incorporated in 2007 as a Pi Eta Kappa Fellow, and her biography has been selected for publication in many journals and directories including Fisk University Library, Minority Women Contribution, American Biographical Institute Personalities of Northeast, Who’s Who Among American Women and Who’s Who Among Black Women.
REBNY FELLOWS: An initiative supported by the REBNY Foundation is the REBNY Fellows Leadership Program, which is made possible by a partnership with the non-profit Coro New York Leadership Center. This exciting program engages a talented group of early- and mid-career real estate professionals to help them take their careers to the next level through an immersive, six-month series of activity that includes connecting with top industry leaders on key issues affecting the industry and the city as a whole. REBNY recently celebrated the graduation of the second cohort of REBNY Fellows, which included a diverse array of men and women in the industry who are employed at REBNY member developers, property managers, brokerage firms and other organizations. The 2022 REBNY Fellows programming included Issue Days and Leadership Days that featured expert speakers covering issues such as land use and urban planning, environmental sustainability and strategies for accelerating the push for diversity and inclusion throughout the real estate industry. REBNY Fellows gain value from the program beyond the lessons learned in their training sessions. They become part of a growing network of likeminded professionals and industry mentors, which increases their ability to build their careers and seek out new responsibilities and higher level leadership roles at industry firms. This effort plays a critical role in REBNY’s overarching commitment to supporting the career advancement of men and women of color throughout the industry in order to create a more diverse and inclusive environment now and in the future. Demand for applications to the REBNY Fellows program is continuing to increase, with many industry professionals already seeking out opportunities to join the program in 2023.
The Bernard H. Mendik Lifetime Leadership in Real Estate Award Recognizes REBNY members who have displayed exceptional service to the real estate industry and professional accomplishments over the course of distinguished careers Tom Elghanayan oversees a real estate portfolio of more than 8 million square feet throughout New York City and Washington, D.C. He is actively involved in supervising acquisitions, finance, planning, sales, residential marketing and management. He continues the Elghanayan family tradition of developing properties that will stand the test of time. TF Cornerstone has evolved into one of the most respected commercial and residential development firms in New York City. During Elghanayan’s five-decade career in the real estate industry, he has earned a reputation as a forward-thinking executive who has set the standard for building style and quality while paving the way into New York’s burgeoning new neighborhoods. Prior to TF Cornerstone, he and his three brothers created Rockrose Development in 1970. Born in Iran, Elghanayan moved to Queens with his family as a child. He earned a bachelor’s degree at Yale and an MBA at Harvard. In addition to being passionately involved with his company, he is an avid member of the real estate community. He is a member of the REBNY board of governors and executive committee, the Alliance for Downtown New York executive committee and the Downtown–Lower Manhattan Association.
TOM ELGHANAYAN Chairman and co-founder TF Cornerstone
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June 20, 2022 S3 6/9/22 5:14 PM 6/15/22 4:07 PM
Announcing Honorees of REBNY’s New York Forever: A Celebration of Our City
The Harry B. Helmsley Distinguished New Yorker Award Recognizes REBNY members who have a lifetime of exceptional accomplishment in the profession and have made invaluable contributions to New York’s civic welfare
Under Hal Fetner’s direction, Fetner Properties has become one of the most well-respected real estate companies in New York. At the forefront of the residential real estate industry, Fetner has earned a reputation as one of the most sustainable builders in the city, with multiple LEED Gold residential buildings to his name. He focuses on housing and is currently developing three ambitious projects in the city. He graduated from the Whitman School of Management and subsequently earned a Juris Doctor from New York Law School. In 1988 he took on the role of CEO at Fetner, the third generation to take the helm. Prior to joining the firm, he served as a law clerk for Joe Hynes, then special prosecutor for the state of New York. A proud alumnus of Syracuse University, Fetner serves on the university’s board of trustees. He is chairman of the facilities committee at the university and a member of the Whitman Advisory Council and the Whitman Real Estate Advisory Board. Dedicated to providing opportunities for future generations of Syracuse students, he established the Fetner Program Fund, a scholarship for Whitman students pursuing sustainability; and he created the Fetner Sustainability Series and the Fetner Prize in Sustainable Enterprise. He sits on the REBNY Board of Governors and Executive Board and is on the board of trustees of the Citizens Budget Commission, a nonpartisan, nonprofit organization pursuing constructive change in the finances and services of New York City and state.
HAL FETNER
President and CEO Fetner Properties
Jeffrey Levine is founding principal and chairman of The Douglaston Cos., consisting of Douglaston Development, Levine Builders and Clinton Management. Since 1979, he has directed the construction or rehabilitation of thousands of residential units, including both affordable and luxury housing, student housing, hotels, senior living, health care facilities and millions of square feet of commercial retail, office and institutional spaces. Levine’s most recent accomplishment is the development of the Williamsburg waterfront in Brooklyn: more than 2 million square feet of mixed-use residential property, spread across six distinct buildings. The waterfront features The Edge, which received the National Association of Home Builders’ Pillars of Industry Award for best mixed-use community and best high-rise condominium; Edge Community Apartments; Level BK, with approximately 2,000 residential units; and more than 60,000 square feet of retail, structured parking, a water-taxi pier and a pedestrian esplanade. He is a member of the REBNY Executive Committee and a founding member of both the New York State Association for Affordable Housing and the Kimmel Foundation, a not-for-profit organization dedicated to creating and promoting affordable housing and services for aged, disabled and other special-needs populations. He serves on the board of the Citizens Housing and Planning Council, the New York Housing Conference and the Queens Chamber of Commerce. He also sits on the advisory board of the Spitzer School of Architecture at the City University of New York and New York University’s Real Estate Institute.
JEFFREY LEVINE
Founding principal and chairman Douglaston Development
Some of his many professional recognitions include the EY Entrepreneur of the Year, the NAHB Affordable Builder of the Year, the Associated Builders and Owners of Greater New York Developer of the Year and the Phipps Housing Community Builder of the Year. In 2011 he was honored with the Met Council’s Builder of the Year Award. He is chairman of the board of the Jewish National Fund and is a member of the fund’s national board, which recently honored him with its Tree of Life, a humanitarian award given in recognition of outstanding community involvement. Levine graduated from the City University of New York’s City College School of Architecture.
David Picket leads the Gotham Organization, a vertically integrated real estate development company providing services throughout concept, financing, design, building, lease-up and ongoing management phases. Since joining the company in 1991, he has led its new project development business through a period of unprecedented growth. He became responsible for Gotham’s development and property operations businesses in 1998. As CEO of Gotham Development, he represents the fourth generation of Picket leadership in the organization’s 100-year history, continuing the firm’s dedication to multifamily housing in New York City. Under his direction, Gotham has developed more than 5,000 housing units and more than 1.7 million square feet of urban retail space. The majority of the firm’s developments have utilized public-private partnerships, combining public funds, tax benefits and/or reduced land prices in exchange for the creation of affordable housing, schools, community facilities, job programs and other public benefits. He was one of the first developers to capitalize on the resurgence of the multifamily housing market in New York in the mid-1990s and to recognize the untapped potential of the Midtown West neighborhood. In addition to Gotham West, which transformed an entire block in Hell’s Kitchen and includes the celebrated Gotham West Market, he is responsible for the development of several award-winning properties including The Nicole, Atlas New York, The Ashland, The Foundry, New Gotham and The Corner. He also oversaw retail projects including Harlem USA and DC USA.
DAVID PICKET
Picket holds a law degree from Columbia and a bachelor’s degree from Cornell University. He is affiliated with a number of organizations, serving on the boards of the Brooklyn Academy of Music, Breaking Ground and the Realty Foundation of New York and the advisory council at the Cornell College of Arts and Sciences.
President and CEO Gotham Organization; President Gotham Development
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We Are Proud to Join Crain’s in Honoring REBNY’s Honorees & Gotham Organization’s David L. Picket with the Harry B. Helmsley Distinguished New Yorker Award
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6/13/22 2:20 6/15/22 4:07 PMPM
Announcing Honorees of REBNY’s New York Forever: A Celebration of Our City
The Kenneth R. Gerrety Humanitarian Award Recognizes REBNY members’ outstanding service to the community Sarah Saltzberg is an owner of the Bohemia Realty Group, a boutique and independently owned firm that opened in 2012 and services the New York area, with a focus on Upper Manhattan. Bohemia Realty aims to improve the quality of life for its clients, agents and staff, as well as the community at large. During the past 20 years, Saltzberg has been building a career in real estate as well as the arts, with credits including creator/actor in the Tonywinning 25th Annual Putnam County Spelling Bee, creator/additional material author in Broadway’s Gettin’ the Band Back Together, creator/actor in off-Broadway’s Don’t Quit Your Night Job and co-author of Miss Abigail’s Guide to Dating, Mating and Marriage. Along with her partner, Jon Goodell, she is a firm believer in the connection between business innovation and creativity. Besides being an active member in several Upper Manhattan business and neighborhood coalitions, she has long relationships with organizations including the Harlem Children’s Zone, Big Brothers Big Sisters and the Theater Development Fund’s Wendy Wasserstein Project, which brings underserved New York schoolchildren to Broadway shows. Last year Bohemia Realty formed Good + Salty Productions, a charitable arm committed to using agent talent in collaboration with charitable causes.
SARAH SALTZBERG Co-founder and co-owner Bohemia Realty Group
A member at large on REBNY’s Board of Directors for the past three years, Saltzberg aims to create a more personal and relatable image for the real estate industry. She is co-chair of REBNY’s Fair Housing Committee and has set up a department within Bohemia dedicated to navigating the housing voucher system in order to effectively provide permanent housing for some of New York’s most vulnerable citizens. She looks forward to the continued work of providing real-life experience as a way to engage legislators, and to help effect lasting change that is fair and equitable to the industry.
PROJECT PARACHUTE: One of the vital initiatives supported by the REBNY Foundation is known as Project Parachute. After the onset of the pandemic, REBNY members conceived of this new effort to provide much needed support to vulnerable renters who were struggling due to pandemic-related impacts. The initial concept came from Hal Fetner of Fetner Properties, David Picket of Gotham Organization and Jeff Levine of Douglaston Development, who are now being honored for their ingenuity with REBNY’s Harry B. Helmsley Distinguished New Yorker Award. They ultimately came up with the Project Parachute name and coordinated with other industry leaders and the non-profit community to get the effort off the ground and raise millions in additional funding. Project Parachute’s core mission is to work collaboratively to help New Yorkers financially impacted by the pandemic to stay safely in their homes. The initiative’s philanthropic fund is independently managed by Enterprise Community Partners, which designed the program in collaboration with tenants and community-based organizations to ensure that it meets the needs of New Yorkers unserved or underserved by existing resources. Over the past two years, Project Parachute has delivered more than $6 million in rental assistance to more than 3,000 vulnerable New Yorkers facing financial hardship due to the pandemic. Additionally, Project Parachute’s non-profit service providers offer support to vulnerable renters beyond financial assistance, through resources such as education on tenants’ rights under housing law, referral to any benefits program for which the household may qualify, and financial counseling or career support such as job search assistance. Project Parachute remains active and is continuing to connect with New York City renters in need of financial assistance or other support due to the impacts of the pandemic.
The Louis Smadbeck Memorial Broker Recognition Award Recognizes a REBNY broker with personal and professional integrity, long-term leadership and prominence in the brokerage community and participation in REBNY’s committees Darcy Stacom has marketed and sold more marquee capital markets transactions than any other real estate professional in the United States. With more than $145 billion in sales, financings and joint venture, leasehold and development transactions, she tirelessly drives the business practice along with equal dedication to leadership in campaigns for philanthropy, sustainability, diversity and equity. As head of New York City capital markets for CBRE, she leads a team of professionals dominating the world’s most competitive landscape. She has ranked in the top 1% of CBRE’s global producers for almost two decades. In her career, she has driven many of the nation’s most impactful real estate transactions including the single largest residential deal in history (the $5.4 billion sale of Peter Cooper Stuyvesant Town) and the single largest office transaction in history (the $2.8 billion sale of the GM Building). She is widely recognized for her industry leadership. A REBNY governor, she is co-chair of its Diversity Committee. She also is an NYU Schack Institute board member and co-chair of the annual WIRE conference, the industry’s most prestigious event for women in commercial real estate. Her desire to contribute to the city extends beyond the world of real estate. She is co-chair of the board of the New York Restoration Project, which manages 52 community gardens and more than 80 acres of parkland across all five New York boroughs. She also serves on the board and the executive committee for Phipps Houses, the largest not-for-profit owner of affordable housing in New York City.
DARCY STACOM
Chair and head New York City Capital Markets at CBRE
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We at Fetner Properties are so proud of our CEO, Hal Fetner, for receiving REBNY’s Harry Helmsley Distinguished New Yorker award for his work on Project Parachute.
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6/9/22 11:31 AM 6/15/22 4:07 PM
Announcing Honorees of REBNY’s New York Forever: A Celebration of Our City
The Young Real Estate Professional of the Year Award Presented by the Young Men’s/Women’s Real Estate Association each year to a member whose knowledge, skills, integrity and high degree of ethics have contributed most to his or her profession and the community Laura Jackson recently joined SL Green, where her areas of responsibility include tax planning and structuring, investment due diligence, REIT and income tax compliance, and advising the board of directors, CEO, president, CFO and management. Prior to joining SL Green, Jackson was a senior managing director at FTI Consulting, leading the firm’s REIT practice, focusing on due diligence, deal structuring, domestic and international tax compliance, §754 adjustments, creating §704(c) models, tax provisions, IPO readiness, like-kind exchanges and qualified opportunity funds. Prior to FTI Consulting, she worked at Deloitte and Arthur Andersen in the area of taxation for the lodging/ gaming, banking and retail industries. She serves as vice president on the board of Rebuilding Together NYC, a nonprofit organization for safe and healthy housing throughout the city. She founded the She Builds initiative, which empowers prominent women in real estate to give back to the communities they serve. In 2018 she won the New Jersey Governor’s Award for her continued devotion to helping communities in need. Jackson is licensed as a certified public accountant in New Jersey and is a member of the AICPA, NAREIT and Young Men’s/Women’s Real Estate Association. After graduating summa cum laude and first in her business law/accounting class at Monmouth University, she went on to earn a master’s degree in taxation from Fairleigh Dickinson University.
LAURA JACKSON
Senior vice president and tax director SL Green Realty
BUILDING SKILLS: The REBNY Foundation also supports Building Skills NY, a non-profit organization that connects New Yorkers from historically underserved communities with good construction jobs and training. More than 1,600 New Yorkers have been placed in local construction jobs through the program – and Building Skills is consistently increasing its capacity to provide skills training that enables workers to expand their career options in construction.
Congratulations, Darcy.
CBRE congratulates Darcy Stacom, Chairman and Head of New York City Capital Markets, for being honored with REBNY’s Louis Smadbeck Memorial Broker Recognition Award. This award recognizes her achievements at the forefront of the brokerage community for more than 40 years and her efforts to increase diversity throughout the commercial real estate industry.
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OVER 70 YEARS OF ROCK-SOLID DEALS AND STRATEGIC OWNERSHIP.
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570 Lexington Avenue
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551 Fifth Avenue
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24 MILLION SQUARE FEET NATIONWIDE CONNECTICUT | FLORIDA | ILLINOIS | LOUISIANA | NEW YORK | WASHINGTON DC
We Salute Our Esteemed Brokerage Colleagues Who Have Assisted Us In Making This Year A Great Success! ACC Space Gurpreet (Sonny) Singh Adams & Company David Levy Brett Maslin Align Healthcare Real Estate Joe Lombardi Atlantic Properties Howard Nemshin Avison Young Neil Creedon Brown Harris Stevens Kara Luwisch CBRE Daniel Brandel Gary Davies Jesse de la Rama Joseph DeRosa Jason Frazier Jared Freede Richard Freel David Hollander Gary Kamenetsky David Katz Vincent LaManna Christopher Menard Alessio Tropeano
Centric Real Estate Advisors Gregg Lorberbaum Colliers Aiden Campbell Clint Dewey Jordy Elardo Eric Ferriello Robert Gallucci Robert Kennedy Darren Leiderman Gus Nuzzolese CRESA Richard Caputi Leslie Keidan Peter Sabesan Cushman & Wakefield Charles Borrok Troy Elias Morgan Feldman Barry Garfinkle Dirk Hrobsky Michael Mathias Libby Miller Alan Napack Jonathan Serko Mark Weiss Barry Zeller
David Moll Associates, LLC David Moll Intrepid Real Estate Group David Menaged JLL Michael Aievoli Kyle Crennan Charles Gerace Bob Knakal Eric Launer Brian Lee David Leviton Travis Milone Dawn Mirko Stephen Palmese Scott Vinett Lincoln Property Group Christopher Wittman Newmark Will Grover Scott Gutnick Daniel Katcher Daniel Oliver Justin Pollner Ben Shapiro Brett Stein Norman Bobrow & Company Jacob Wolkenfeld
7 Penn Plaza, NY, NY 10001 212.279.7600 | feilorg.com NOTHING BEATS 72 YEARS OF STABILITY.
Park Avenue International Partners Michael Hennessy Raise Commercial Real Estate Jamie Katcher Henry Korzec Real Estate Strategies Ltd Robert Rosenbluth Rice & Associates LLC Christopher Plummer Savills Scott Ansel Brandon Cooperstock Nick Farmakis Zev Holzman Ben Levy Evan Margolin Howard Poretsky Eva Shih Jarod Stern Squarefoot Will McGowan The Lawrence Group Brian Siegel Transwestern Lauren Davidson
Member of
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6/15/22 4:07 3:19PM PM 6/15/22 6/15/22 3:10 PM
Announcing Honorees of REBNY’s New York Forever: A Celebration of Our City
The George M. Brooker Management Executive of the Year Award Recognizes accomplished individuals within the management area who display outstanding professionalism in property management, civic achievement and contribution to the real estate industry
Frank Pusinelli oversees marketing, leasing and property management for the operating assets business arm at RXR. He is responsible for all business planning, budgeting and operational activities, and he oversees physical due diligence, revenue and expense underwriting for potential acquisitions as well as the immediate and long-term capital improvement plans, asset repositioning strategies, and design ideas. He also oversees all tenant improvement and capital construction projects for the company’s commercial and logistics assets. He sets policies, procedures and goals within the operating assets division in keeping with the direction of RXR’s executive management team. Pusinelli joined RXR in 1999. During his tenure, he has overseen the execution of more than $1 billion in construction projects, ranging from groundup development and value creation to customized tenant interiors. Previously, he worked as a project manager and estimator in the construction sector as well as in the architectural and engineering field specializing in municipal architecture and environmental engineering. He holds a bachelor’s degree in architectural technology from the New York Institute of Technology and an MBA in finance from Fordham University. He is a licensed architect in the state and a member of the American Institute of Architects.
FRANK PUSINELLI
Senior executive vice president and chief operating officer, operating assets RXR Realty
INTERNSHIP: The REBNY Foundation also helps more young people to enter the real estate industry by supporting REBNY’s partnership with Project Destined, which provides paid internships to diverse undergraduates from the City University of New York (CUNY). Many interns have since gained internships or employment at REBNY member firms, continuing the progress needed to make the next generation of industry leaders reflect the diversity of the city.
AT THE CENTER OF
WHAT’S NEXT
Cushman & Wakefield is proud to support the
Real Estate Board of New York We are pleased to join REBNY in celebrating our great city and this year’s honorees for their outstanding contributions to the real estate industry
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