Managing Manhattan
New York, NY - July 10, 2012 - Among New York's biggest real estate owners, boldfaced names like Douglas Durst and W&H Properties constantly bubble up at cocktail parties and in headlines. But what of the managers, those often overlooked custodians of the city's inventory of skyscrapers, who daily oversee everything from maintenance and engineerng to financial accounting and vendor management? It turns out, in fact, that Manhattan's canyon-like corridors- to be it Eighth Avenue with its six-story mised-use walkups or Broadway, with its theaters and billboards- are battlefields in which dozens of third party management groups and in-house managers alike duke it out for a bite of the big apple. Below, three of Midtown Manhattan's most commercially driven avenue-Park, Third and Sixth- and the management groups that control them. Data provided by Cassidy Turley.
Park Ave.
Boston Properties 1.7 million sq. ft.
Brookfield Office Properties 1.6 million sq. ft.
Cassidy Turley 2.47 million sq. ft.
Fisher Brothers Management 1.16 million sq. ft.
Jones Lang LaSalle 1.4 million sq. ft.
JP Morgan Chase 1.5 million sq. ft
Monday Properties 2.45 million sq. ft.
Rudin Management 1.83 million sq. ft
SL Green 1.95 million sq. ft.
Tishman Speyer 3.92 million sq. ft.
Third Ave.
CBRE 3.1 million sq. ft
Cohen Brothers .62 million sq. ft.
Eastgate Realty .7 million sq. ft.
JFT Realty 1.15 million sq. ft.
Sage Realty 1.29 million sq. ft.
SL Green 2.74 million sq. ft.
TIAA-CREF .68 million sq. ft.
Tishman Speyer .67 million sq. ft.
Vornado Office Management 1.31 million sq. ft.
Ave. of Americas
Brookfield Office Properties 1.58 million sq. ft.
Cushman & Wakefield 1.88 million sq. ft.
Fisher Brothers Management 1.9 million sq. ft.
Hines Interests LP 2.29 million sq. ft.
Paramount Group 2.6 million sq. ft.
Rockefeller Group Development 4.5 million sq. ft.
Royal Realty 4 million sq. ft.
SL Green 1.68 million sq. ft.
Tishman Speyer 3.39 million sq. ft.
Vornado Office Management 2 million sq. ft.