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Jeff Heller, Eric Howell, Michael Giglio, Rick Stein, jeff Moerdler, Pat Foye, Ken Weissenberg, Jordan Heller, and Harry Dublinsky at Cafe Centro
At a recent gathering at Cafe Centro at Grand Central, Port Authority exec director Pat Foye (seated, center) told EisnerAmper's guests the Port Authority is getting out of the real estate biz. Behold its $50M deal last week to transfer control of the Essex County Resource Recovery Facility in Newark to Covanta and its desire to sell Newark Legal Center. The Port Authority bought that office building as an economic dev play, and now it's got high occupancy (read: revenue stream), but "it should be in someone else's hands," Pat says. Still, his organization is in no rush to sell if the price isn't right. With Pat, we snapped Cushman & Wakefield's Jeff Heller, Signature Bank's Eric Howell and Rick Stein, The Kaufman Org's Michael Giglio, Mintz Levin's Jeff Moerdler, EisnerAmper's Ken Weissenberg and Harry Dublinsky, and Heller Wealth Advisors'Jordan Heller.