An amazing year on the Board of YM/WREA

It was an honor and a pleasure to serve as the 2010 Treasurer on the Board of Governors for the Young Men’s and Women’s Real Estate Association. We had a year of incredible events, like kayaking around the city and serving turkeys to the hungry in Queens on Thanksgiving. We had distinguished monthly luncheon speakers like Bill Ackman from Pershing Square, Mary Ann Tighe from CBRE, and Dino Fusco from Goldman Sachs. For the first time in many years we raised enough money to put some back in our coffers. My role as treasurer was a tremendous amount of work but very rewarding.

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Google – A Gigantic Example of an Office Space Owner/Occupier

Google signed a $1.8 billion contract to purchase 111 Eighth Avenue in the meatpacking district. The deal is the largest US commercial real estate purchase by a tenant ever. Google currently occupies about 500,000 square feet in the building and plans to expand.  Google’s purchase sets a huge example of how companies are better off owning their office space, rather than renting.  

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