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January 31, 2008
 
       
 
 
 

CUSHMAN'S
FOXIEST LEADER

 

A shoutout to our friends at Arent Fox, a top DC-based law firm expanding rapidly in NYC.  Led by Michael Blass, it now has over 70 lawyers at 1675 Broadway, focusing on real estate, construction, health care, corporate, litigation, bankruptcy and financial restructuring, and intellectual property. 


 

Does this woman look like a big time fox hunter to you?  As if Suzy Reingold did not have enough to do running the Cushman & Wakefield midtown and downtown offices and managing 180 brokers, she leads a double life:  Every weekend from September to March she joins the foxes and the hounds in Warrenton, Virginia.  In fact, she's so serious about it, she actually lives there all year round, since 1996 on the shuttle every Friday evening at 730 to her 30 acre homestead (and two thoroughbreds), and back again on Mondays at 6 AM. 

 

But when we snapped this picture the other day in her office in the CBS building, she was smiling not at the thought of her coming weekend, but in describing 52 great work weeks for the firm in 2007.  Not only did Cushman's NYC revenue and profit beat 2006 metrics year over year, but Suzy was proud to tell us it reflected "a lot of good solid deals," ie, not just two or three brokers hauling in big fish, but "more people making more money than ever before." The year opened auspiciously with the sale of 666 5th Avenue from Tishman Speyer to Kushner for $1.8 B in a deal led by former-CEO-turned-broker Arthur Mirante and the NY Capital Markets team, and bookended in December by another blockbuster:  the sale-leaseback of 388-390 Greenwich Street to S.L.  Green.  Highlights in between included leases for the likes of Warburg Pincus, Fragomen Del Ray, and Bank of Tokyo-Mitsubishi, and broker Andrew Peretz snagging a 99-year net lease at 330 Hudson.

 

Though she no longer owns the pack of hounds in this photo, Suzy still relishes the thrill of watching animals follow the fox (which, you'll be happy to know, typical escapes from the searching dogs).  She even put her organizing skills to use chairing the centennial ball last year of the sport's governing body, the "Masters of Foxhounds Association of North America."  But during the week in Manhattan these days, she's focusing her time on assessing a new year.  She believes foreign money will take up some of the investment sales wallet sidelined in the credit crunch; and as for leasing, she doesn't see financial firms dumping lots of space.  She thinks firms recall that during the last recession, it took 12 to 18 months to re-lease space, by which time recovery started and they needed it again.    

 

Here Suzy holds a picture of one of her role models, Eleanor Roosevelt, riding through Rock Creek Park in DC.   A Stamford native, Suzy went to NYU law school, represented landlords at law firms Goldfarb & Fleece then Schulte Roth & Zabel, where she became the firm's first woman partner, then took over in-house leasing for Steve Ross at The Related Companies.  In time she came to Washington and did a stint for Cushman, then returned to NY, first at Insignia and then again at Cushman.  Over time, she morphed into management-and caught the fox hunting bug.

 
 
 
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