NY Real Estate Developers to Converge as Fried, Frank Holiday Party Returns - The Jewish Voice
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Wednesday, September 28, 2022

NY Real Estate Developers to Converge as Fried, Frank Holiday Party Returns

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By: Don Driggers

The popular holiday bash hosted by powerful law firm Fried Frank’s real estate division is back.

“The Fried Frank party is the real estate industry’s equivalent of the Rockefeller Center tree lighting — the official kick-off of the holiday season. And just like Rock Center it feels like the whole world is there, jammed together, full of good cheer,” said CBRE tristate CEO Mary Ann Tighe to the NY Post.

“This year we will especially appreciate it because we’ll all be celebrating that our city made it to the other side of the pandemic,” she said.

The NY Post reported, the event, which was cancelled last year because of the pandemic is returning on December 7th.

“Every year, all of the movers and shakers in the real estate industry have a great time there, because they meet people, they are either doing deals with, want to do deals with, or have done deals with,” Jonathan Mechanic, chairman of Fried Frank’s 100-plus attorney real estate department, told the Commercial Observer

Mechanic started the event, 25 years ago at the former 21 Club before moving to Cipriani “There’s a lot of business that gets done in that room while people have a blast seeing one another.”

Mechanic explained to the NY Post ““It kicks off the holiday season and of course, year-end deal making. Hosting this event is a reflection of our commitment to the real estate industry and the resurgence of New York City. We are back — albeit with appropriate health and safety protocols in place, including a smaller guest list, requirements for proof of vaccination and COVID testing.”

“Fried Frank’s holiday party has been one of the main events of every holiday season for as long as I can remember, bringing together the entire real estate community,” Lauren Hochfelder, head of the Americas and deputy CIO at MSRE, quoted in the Commercial Observer. “It was one of the most missed events of the year.”

The NY Post pointed out some of the biggest names who have attended: Larry Silverstein, Douglas Durst, Harry Macklowe, Bill Rudin, David W. Levinson, Stephen Ross and Steven Roth, superbrokers Mary Ann Tighe, Stephen B. Siegel, John Cefaly and Mitch Konsker, investment-sale wizards Doug Harmon, Darcy Stacom and Woody Heller, and corporate honchos Dennis Friedrich, Ric Clark and Mike Fascitelli.

Despite the NYC exodus, which was quite real, but overblown, NYC real estate is not losing a step. Residential real estate is alive and well in NYC

As reported by real estate construction tracker YIMBY, Department of Buildings filings for the second and third quarters of 2021 reveal that 19,052 new residential units are coming in more than 1,000 new buildings. The YIMBY tally counted 45 projects of at least 10 stories, 268 of four to nine stories and 720 of one to three stories, the Post pointed out.

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