Neha Patil (Editor)

Eastern Consolidated

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Type
  
Private company

Founded
  
1981

Industry
  
Real Estate

Headquarters
  
Key people
  
Peter Hauspurg, Daun Paris, Brian Ezratty

Products
  
Commercial Real Estate Services

Services
  
Investment Sales, Retail Leasing, Capital Advisory

Buildingny new york stories daun paris eastern consolidated


Eastern Consolidated, founded in 1981, is a Manhattan-based full-service real estate investment service firm. With annual sales of up to $4 billion, Eastern Consolidated focuses on the acquisition, disposition, and financing of all types of properties in the greater New York marketplace through its Investment Sales, Retail Leasing, and Capital Advisory Services Divisions.

Contents

History

Eastern Consolidated was founded by Peter Hauspurg and Daun Paris in 1981. In the over thirty years since the company’s founding, Hauspurg, Paris and the expanded team of brokers have worked across all boroughs of NYC in the acquisition and disposition of all sizes and asset types including office buildings, multifamily dwellings, hotels, development sites, parking garages, retail properties and more.

Notable Deals

The firm has been involved with the brokerage of prominent NYC buildings including:

  • Ed Sullivan Theater – In 1993, Brian Ezratty negotiated the sale of the Ed Sullivan Theater and Office Building at1697 Broadway, to CBS for $4.255 million, making way for studio space for the new Late Show with David Letterman. Ezratty received REBNY’s Deal of the Year award for the transaction.
  • Americas Tower – Brokered the sale of 1177 Avenue of the Americas, a 1,001,000 SF, 50-story midtown office building at West 45th Street, which completed construction in 1993.
  • Eden Roc Miami Beach Hotel – Eastern Consolidated facilitated the 1998 sale of the signature Morris Lapidus-designed Miami Modern hotel which has hosted Hollywood stars, politicians and celebrities since opening in 1954.
  • Services

    Eastern Consolidated provides advisement for a range of commercial real estate industry transactions across multiple asset classes and throughout all five boroughs. Through its Investment Sales Division, the firm specializes in the disposition of properties, including office and apartment buildings, lofts, factories, hotels, shopping centers, commercial and residential development sites, parking garages and lots, retail condominiums and air rights transfers.

    In 2014, Eastern Consolidated launched a Retail Leasing Division to accommodate the leasing components of deals across NYC, as well as additional requirements set forth by landlords and tenants.

    The Capital Advisory Services Division specializes in debt financing, including permanent, bridge, and construction loans, as well as mezzanine financing, preferred equity, joint venture equity, and sponsor equity.

    Awards & Recognition

    Since 1981, Eastern Consolidated and team members have been honored numerous times for their contributions to the New York City commercial real estate industry. Selected awards and recognitions include:

  • CoStar Group Power Broker Top Firm Award
  • Chairman/CEO Peter Hauspurg - 2014 Louis Smadbeck Broker Recognition Award.
  • Commercial Observer Power 100: Peter Hauspurg and Daun Paris awarded multiple times.
  • Globe Street: Women of Influence Hall of Fame
  • References

    Eastern Consolidated Wikipedia


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