View this email in your browser

Columbia University Business School Paul Milstein Center for Real Estate

April 2020
Alumni in the Media

Real Estate Alumni in the Media  

Here is what your fellow Columbia Business School Real Estate Alumni have been doing recently. If you don’t see your news mentioned, please let us know.

Sophia Ghadamian ’19

Proptech Post COVID-19 (byline)

Last week, we discussed some of the devastating effects of COVID-19 on not only the real estate industry, but also the world. Airlines, hospitality, restaurants, brick and mortar retail, and nightlife are some of the industries seeing near standstills, as people continue to self-quarantine in their homes. Although the health and safety of the community is priority number one and the shift has generated “little positive economic news” (from last week’s post), we’re also here to tell you it’s not 100% ALL bad news.

NineFour Ventures blog

Jonathan Wasserstrum ’12

Investment by US Tech-Enabled Commercial Real Estate Company SquareFoot Announced

Jonathan Wasserstrum, founder and CEO of SquareFoot, said, “We are growing our team now to match the expansion of the services we offer to our clients. “Last year, we launched FLEX by SquareFoot, which allows our clients to move into office space without committing to long-term leases. Lease flexibility is the future of commercial real estate, and our team in Belfast will guide us on building the technology to keep delivering on our vision.”

Newry Times

Lorenzo Bakewell-Stone ’16

Kaufman and AXA Close on Historic Flatiron Building for $49M

Kaufman Organization and AXA Investment Managers closed on the $48.5 million purchase of a landmarked Flatiron building, Commercial Observer has learned. Kaufman’s Michael Kazmierski and Lorenzo Bakewell-Stone led the purchase together with AXA’s Andrew Pikearski. JLL’s Bob Knakal, Stephen Palmese, Jonathan Hagerman, Brock Emmetsberger, and Patrick Yanotta represented the seller.

Commercial Observer

Alan Wildes ’88

Law Firms Lease Madison Spaces

Cushman & Wakefield a has arranged two long-term leases totaling 13,702 s/f for the entire 5th and 7th floors at 366 Madison Avenue in Midtown. Law firm Hall Booth Smith will occupy the 5th floor of the building, while Ford Harrison, which specializes in labor and employment law, will lease the 7th floor of the property. Hall Booth Smith was represented by Alan Wildes of Cushman & Wakefield and Ford Harrison was represented by Robin Fisher and David Kilborn of Newmark Knight Frank.

Real Estate Weekly

David Simon ’85

Simon Property Group Temporarily Closes All Domestic Properties

"The health and safety of our shoppers, retailers and employees is of paramount importance and we are taking this step to help reduce the spread of COVID-19 in our communities," said David Simon, Chairman, Chief Executive Officer and President of Simon.


Jonathan Falik ’99

Hotel Owners Are About to Blow Through Cash on Virus Travel Cuts

Travel restrictions and restaurant closures aimed at stopping the spread of the virus, along with a looming recession are all bad news for the hospitality industry, and even well-capitalized owners are going to blow through cash reserves quickly, Jonathan Falik, chief executive officer of JF Capital Advisors, said in an interview.


Yulia Yaani ’08

The Digital Age of CRE Demands More than Just a CRM (byline)

On January 16, more than 200 technology companies joined in a pledge to foster a new, more digital and customer-centric standard for businesses hamstrung by the limited capabilities of traditional CRM solutions. This coalition of independent software companies (known as the Platform of Independents) is making a forceful argument in favor of fostering a technology marketplace that gives businesses the freedom—and choice—to build a tailored technology stack that is responsive to their needs, rather than being hampered by the constraints of today’s CRM products.


CBS Real Estate Alumni Community  

Have you joined the CBS Real Estate Alumni Community? This new and unique community platform (web and mobile app) is exclusively for CBS real estate alumni in the real estate industry. This will be a place for you to connect, collaborate, share opportunities, stay up-to-date on news, real estate events, and much more! Check your email for an invitation to join, or request an invitation.

Quick Links

Join the Real Estate Circle | Mentor a Current Student | Post a Job | WebView | Forward to a Friend | #CBSAtTheCenter

Graphic: New York City Buildings

Click here to unsubscribe from the Paul Milstein Center for Real Estate.

This e-mail is sent from:
Paul Milstein Center for Real Estate
645 West 130th St
Columbia Business School
678 Geffen Hall
New York, NY 10027
United States