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Columbia University Business School Paul Milstein Center for Real Estate

Alumni in the News

Real Estate Alumni in the News  

Here is what your fellow Columbia Business School Real Estate Alumni are doing this month. If you don't see your news mentioned, please let us know.

Zach Aarons ’13 & Clelia Peters ’09

MetaProp NYC Raises $40M for Second PropTech VC Fund

New York City–based MetaProp NYC has raised $40 million for its second proptech venture capital fund, Commercial Observer has learned. RXR Realty, Cushman & Wakefield and CBRE were leaders in the investment, which closed on June 13.

—Commercial Observer

Tom DeRosa ’88

REITs Adopt Novel Approaches to Stay Relevant in Skilled Nursing

"Anybody who knows the ManorCare real estate knows it’s really good-quality real estate in really good markets," DeRosa told SNN in April. "It was just capital-starved, because the skilled nursing industry had been taken private by private equity firms, and what does a private equity firm do? They over-lever businesses in order to [take] cash out of them. The REITs got left holding the bag here when reimbursements changed."

—Skilled Nursing News

Howard Fiddle ’87

The Top 10 NYC Office Leases in May

The law firm [Blank Rome] signed a lease for 138,000 square feet at 1271 Sixth Avenue. The firm is taking the 15th, 16th and 17th floors of the 48-story building. Ken Rapp, David Kleinhandler, Tim Dempsey and Zachary Weil of CBRE represented the tenant. Ed Guiltinan and Jennifer Stein of the Rockefeller Group represented the landlord in-house, alongside a CBRE team of Mary Ann Tighe, Howard Fiddle, John Maher, Dave Caperna, Evan Haskell and Sarah Pontius.

—The Real Deal

Craig Leupold ’92

Craig Leupold Expects Increased M&A, Privatization Activity

In a recent interview, CEO Craig Leupold shares views on valuation, interest rates, and activism. He describes Green Street’s evolving valuation approach with the addition of implied IRRs made possible by the new Real Estate Analytics product line. On the topic of rising rates, Craig notes that while real estate can be a decent inflation hedge, higher rates have recently proven to be a relative headwind for REITs and real estate. Finally, Green Street sees rising M&A and privatization activity reducing the number of REITs in the short-term. (Video)

—Green Sreet Advisors

Max Newland ’05

Kayne Anderson, Bridge Group Begin Deploying Billion-Dollar Senior Housing Funds

Los Angeles-based KAREA is building a portfolio that will be "literally coast to coast," Max Newland, leader of the firm’s senior housing real estate team, told Senior Housing News. "In terms of geographic locations, we don’t have certain markets that we’ve redlined or that we’re only going to look at," he said.

—Senior Housing News

Andrea Olshan ’04

New York Power Women 2018: Olshan Properties CEO Andrea Olshan

"Our business is so dynamic; we are diversified in terms of product type, as well as geography, so something is always happening in one of our sectors (retail, commercial or hotel) or in one of our markets around the country (east of the Mississippi). I also love the tangible nature of real estate: every day we make a difference in how people live/work/shop/travel or enjoy their free time."

—Bisnow

Robert Reffkin ’03

Compass Continues to Reinvent Real Estate Across Northern Virginia

Since expanding into Virginia in December 2017, Compass Real Estate has quickly grown their Arlington team to over 40 agents, set new record sales and announced their launch into the Alexandria market. Compass Arlington now holds the #2 spot for market share in home sales priced over $1M.

—Arlington Now


Compass CEO on Disrupting Homebuying

Robert Reffkin, Compass CEO, discusses the state of the real estate industry and what technology they're bringing to the space. (Video)

—CNBC

Brett Rosenberg ’06

JLL Arranges Bridgewater Campus Refinancing

JLL Capital Markets has completed a refinancing of the 310,000-square-foot Somerset Corporate Center IV in Bridgewater. Somerset Corporate Center is comprised of five Class A office buildings totaling 1.25 million square feet. JLL secured a $32.5 million refinance from Sterling National Bank on behalf of the owners, SJP Properties and PGIM Real Estate. Managing Director Jonathan Schwartz, along with Vice Chairman Aaron Appel, Executive Vice President Brett Rosenberg and Associate Douglas Baillie led the JLL team on the refinancing.

—NJ Biz

Zak Schwarzman ’13

Inside the Mind of a NYC VC

Welcome back to Inside the Mind of an NYC VC, a highly acclaimed series at AlleyWatch in which we speak with New York City–based Venture Capitalists. In the hot seat this time is Zak Schwarzman, Partner at MetaProp, the visionary investment firm that has been instrumental in making PropTech a viable investment vertical.

—AlleyWatch

Constantine Valhouli ’03

The Average Asking Price in the Seaport is Now More Than $2,000 per Square Foot

Per a new report from real estate analytics firm NeighborhoodX, the average asking price in [Boston’s] Seaport is $2,117 per square foot..."The average is higher than we expected," says Constantine Valhouli, director of research for NeighborhoodX. "It dusts Beacon Hill and Back Bay."

—Boston Magazine


Luxury Lairs Where Superheroes Feel at Home

How much does a subterranean lair add to the value of an estate? What's the best comp for a mansion for a gang of mutant crime fighters? How do you price a magical brownstone with square footage that's far greater than the structure could plausibly hold? Such are the dilemmas inherent in appraising a superhero's abode. It's a challenging task, but it can be done, says Constantine Valhouli, co-founder and director of research at NeighborhoodX, a real-estate research firm.

—Wall Street Journal

Yulia Yaani ’08

The LendingTree for Commercial Real Estate has Raised Millions of Dollars

Co-founder and CEO Yulia Yaani, and co-founder and CTO Masha Sharma are working to create the top destination to connect borrowers and lenders.

—BizJournals

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