Brown, Harris, Stevens brokerage purchased.A group controlled by members of two of New York's most prominent real estate families has acquired the 122-year-old Manhattan real estate brokerage and management firm of Brown, Harris, Stevens.
The new owners include brothers Arthur W. and William Lie Zeckendorf; Kent M. Swig and his business partner, David Burris; and Allied Partners, a private investment company. The firm was acquired from Helmsley Enterprises, Inc., which had owned it since 1964. The price was not disclosed.
It was immediately announced that current senior executives of Brown, Harris, Stevens will remain in place, including president Roger W. Tuckerman, who has been at the helm for the past six years.
"We have absolute confidence in this team and look forward to a long and successful business relationship," the owners said in a joint statement.
Other key members of senior management include Donald C. Goodwin, executive vice president for management; Alan Kersner, treasurer; and Hall Willkie and Julia Willkie, brother and sister, who are senior vice presidents for brokerage and management, respectively.
Brown, Hams, Stevens, one of the city's oldest and best known real estate firms, manages 128 cooperative and condominium condominium
In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. residences, including many of Manhattan's most distinguished addresses. Among them are 720, 730 and 740 Park Avenue; The Dakota at 1 West 72nd Street; 834 and 960 Fifth Avenue; 1 Sutton Place Sutton Place may refer to places in England and the United States: Places in England
In addition, Brown, Harris, Stevens has arranged many of the most notable apartment and townhouse town·house or town house
1. A residence in a city.
2. A row house, especially a fashionable one. transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting ions in Manhattan. For example, the firm is exclusive agent for the pending sale of the late Jacqueline Kennedy Onassis' Fifth Avenue apartment.
The new ownership added that it plans "substantial investment" to provide expanded and enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; to cooperative and condominiumboards, including state-of-the-art computerized accounting and purchasing systems. In addition, the firm will offer supplemental training in advanced management techniques to its building managers and account executives. Plans also include expanding the appraisal and commercial real estate departments, creating a construction management division, and offering services such as financing and appraisal to streamline apartment sales.
Among the new owners are third-generation owner-developers whose grandparents grandparents npl → abuelos mpl
grandparents grand npl → grands-parents mpl
grandparents grand npl were in business together 50 years ago. Arthur and William Lie Zeckendorf, co-managing general partners of Zeckendorf Realty, L.P., and grandsons of legendary developer William Zeckendorf William Zeckendorf, Sr. (c. 1905-1976) was one of the United States' prominent real estate developers. Through his development company of Webb and Knapp (for which he began working in 1938 and which he purchased in 1949), he developed much of the New York City urban landscape. . Their father, William Zeckendorf, Jr., also is one of the city's leading developers.
William Lie, 36, has been in the real estate business since 1980, focusing on acquisitions, financing, development and the marketing and sale of condominium and cooperative apartments. He has participated in the development and sale of more than 4,000 condominium apartments, including such projects as The Columbia, Central Park Place, Copley, Zeckendorf Towers and the Park Belvedere Belvedere (bĕl`vədēr, Ital. bālvādĕ`rā), court of the Vatican named after a villa built (1485–87) for Innocent VIII. condominiums in Manhattan. Recently, he has been involved in third-party projects, including The Mondrian and CitySpire condominiums.
Arthur, who is 35 and has been in real estate since 1981, has divided his attention among the functions of development, asset management, marketing, and property acquisitions and sales. He has served as senior project manager for numerous major residential and commercial developments, including the Columbia, Vanderbilt, Gotham and Park Belvedere condominiums in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and Manhattan's Four Seasons Hotel. His asset management responsibilities encompass properties valued at more than $700 million.
Kent M. Swig, 34, is the grandson of Benjamin H. Swig, a founder of Swig, Weiler & Arnow Mgt. Co., a private real estate firm established in 1936. Kent is co-founder and a principal of Swig Burris Equities, Inc., an investment management firm. He also is a principal in Swig Investment Company, the family-owned business, which owns and operates the 3,500-room Fairmont Hotels Group and more than 11 million square feet of prime commercial office space across the nation, including the Grace Building on West 42nd Street in Manhattan. As a former officer of The Macklowe Organization, he served as president of its Manhattan Pacific Management Company division, which managed and leased more than 60 properties in New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and California.
David Burris, 40, is also co-founder and a principal of Swig Burris Equities and a veteran of The Macklowe Organization. Burris is known for his expertise in asset management and the structuring of complex real estate transactions. He is former senior vice president of Manhattan Pacific Management Company, where he personally negotiated lease deals encompassing 1.32 million square feet in the depths of the early 1990s real estate recession, including two of Manhattan's four largest lease transactions of 1992.
Allied Partners, controlled by Erie Hadar and Brad Reiss, was founded less than two years ago and already has participated as principals in more than $100 million of real estate transactions. Most notable among those deals are the acquisition, together with the Friedland-Penner interests, of 545 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. and the funding of a second mortgage on the former Helmsley Palace Hotel, now known as the New York Palace
Tuckerman began his career at Brown, Harris, Stevens in 1961. Seven years later he joined the firm of Douglas, Gibbons Famous people named Gibbons include:
Brown, Harris, Stevens traces its origins to 1873, when Charles S Charles, archduke of Austria
Charles, 1771–1847, archduke of Austria; brother of Holy Roman Emperor Francis II. Despite his epilepsy, he was the ablest Austrian commander in the French Revolutionary and Napoleonic wars; however, he was handicapped by . Brown opened an appraisal office in Downtown Manhattan that soon branched out into general brokerage. Brown later became a partner of President Theodore Roosevelt's brother-in-law, Douglas Robbinson, who led the firm into plottage plot·tage
The area of land in a plot or group of plots. and site assemblage assemblage: see collage.
Three-dimensional construction made from household materials such as rope and newspapers or from any found materials. , and was instrumental in developing the city's insurance district around William and John Streets. Robbinson also helped arrange the deal that led to the construction of McKim, Meade & White's Penn Station (in 1910) and its adjacent railroad yards.
With the development of luxury apartment houses on the Upper East Side in the 1920s, the firm became active in building management and merged with Harris, Vought, Inc. to become Brown, Wheelock, Harris, Vought & Co. The firm became Brown, Wheelock, Harris, Steven, Inc. in 1936, and adopted its current name 12 years later.