Sep. 18, 2012 - NY Observer

Most prized asset: The Archive Building, 666 GreenwichStreet, in the West Village

Most prized possession: My books are very valuableto me. I mostly have paperbacks that have been read roughly. I don’t like keeping my books pristine; I think they should be really taken out for a spin.

Asset you wish you owned: More office buildings in Manhattan. We are looking heavily for value-add opportunities.

Real estate prediction for 2013: Steady commercialrental rates, continued growth in residential rental rates

If given the choice, what tax would you abolish? This is a tough one. One thing I would like to abolish is the United States subsidy on gasoline costs, which discourages public transportation and encourages a reliance on oil. Not a direct tax, but citizens are ultimately taxed to pay for this subsidy.

Is LEED certification all it’s cracked up to be? Explain. In New York we find that LEED certificationis not very important to tenants, except for new developments. nc. tenants often require LEED certification because of their interactions with the U.S. government.

What real estate policy should New York’s next mayor make a priority? Completing the upzoning of Midtown East. The upzoning will encourage the development of new product, which is important for New York as a global city.

Who will be the next president of the United States? Barack Obama

What book, piece of music or work of art has most in fluenced your career? The Sopranos may not have directly affected my career, but I think it’s a good metaphor for running a medium-sized American business. I also think it’s the best television show of all time.

How has Midtown South’s roster of tech startups and creative tenants influenced office buildings in other Manhattan markets? Other office markets are try ingto emulate the success of Midtown South. We’re seeing more open office plans, exposed ceilings and generally edgy design to attract these tenants.

How much money are you willing to allocate per square foot for tenant improvements? It depends on the credit of the particular tenants, but we generally provide TI in the range of $50 to 70 per RSF.

Best decision made in your career: Buying land in Long Island City

Worst mistake made in your career: I remember I was doing a lease once with someone who seemed extremely trustworthy. But I learned that all that glitters is not gold.

Personal role model: I admire Mike Bloomberg greatly. I think he is very bold and willing to fight forwhat he believes in.

Favorite vacation spot: Paris. It’s the closest thing to time travel I’ve ever experienced.

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