By Benyamin Davidsons
Peter Hauspurg, the co-founder of Eastern Consolidated, died on Tuesday evening Nov. 3, as reported by the Commercial Observer. He was 67 years old. Hauspurg had co-founded Eastern Consolidated with his wife in 1981, nurturing and expanding it into one of the top investment sales brokerages in New York City.
Hauspurg’s wife, Daun Paris, said he passed away while at his home in Santa Monica, Calif. He suffered from a heart attack while cooking a meal, she said. He had been in good overall health. “Peter was beloved by all,” Paris said. “He was a man of enormous heart, integrity, kindness and brilliance.”
Hauspurg, a graduate of Duke University and Fordham Law School, had relinquished a career in law to pursue more lucrative earning in commercial sales when founding Eastern Consolidated with Paris. “We didn’t have name recognition and we didn’t have money, but we had the ability to uncover off-market opportunities,” Paris said. “We believed that if we can find opportunities available, people would pay a premium.”
Two years after pairing up to co-found the company, the team paired up in marriage as well. Eastern Consolidated was doing well, and soon grew to employ a 100-person staff , closing billions of dollars of sales annually. It consistently ranked as one of the top brokerages in the city. Hauspurg had served on the NYC Director’s Advisory Council and the Mortgage Committee of M & T Bank. He was a member of the Board of Governors of The Real Estate Board of New York and was a frequent industry speaker.
The couple decided to close Eastern in 2018, after conditions for middle-market firms deteriorated. After that, Hauspurg worked for some time at ABS Partners Real Estate. He left that job, and just three month prior to his passing, he had moved to the West Coast to be closer to his grandchildren, Paris said.
“He loved doing deals and he loved teaching people,” Paris told Commercial Observer. He had mentored countless other NYC dealmakers. Apart from his real estate work, Hauspurg was also very involved in philanthropy and he served on the board of the JCCA (formerly known as the Jewish Child Care Association). He served as chairman for six years. “We were so involved in so many philanthropic things that came from his heart,” Paris said. “He was all about giving back.”
Hauspurg is survived by his wife, two children and two grandchildren.
