Bisnow Reports Rudin's Bill Rudin
Sep 18, 2023
Bill Rudin, CEO of Rudin Management Company, shares insights from his extensive experience in New York City real estate. He discusses the challenges of office occupancy and the conversion of 55 Broad into housing. Rudin also addresses the impacts of the migrant crisis on urban housing and the importance of collaboration for long-term solutions. He reflects on historical parallels of New York's economic challenges, emphasizing the role of federal support, and highlights the potential of strategic partnerships in fostering growth.
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Return to Office
- Office occupancy is significantly increasing, averaging close to 70% across Rudin's properties.
- In-person interactions foster mentorship, collaboration, and spontaneous connections crucial for business.
Blackstone Deal
- Bill Rudin recounts how his father's chance encounter with Stephen Schwarzman on Park Avenue led to a major lease for Blackstone at 345 Park Avenue.
- This highlights the importance of spontaneous in-person interactions in New York real estate.
55 Broad Tech Deal
- Similar to the Blackstone deal, Rudin's family took a chance on a burgeoning tech company in the 90s at 55 Broad Street.
- This deal contributed to 55 Broad's revitalization as a technology hub.