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February 2015

Barbara Fox: The Kenneth R. Gerrety Humanitarian Award Recipient

Barbara Fox. (Illustration by Russ Tudor)A political science undergrad who “sort of” had an eye toward law school, Barbara Fox started her career in New York City at Doubleday & Company. She survived about three months in publishing before making her way into her true and lasting professional home—residential real estate—at one of the historically worst times in the market.

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(Illustration by Russ Tudor)

William Rudin: The Bernard H. Mendik Lifetime Leadership in Real Estate Award Recipient

William Rudin. (Illustration by Russ Tudor) Life in the real estate industry started at birth for William Rudin, who grew up in one of his family’s buildings on the Upper East Side. The Rudins have owned properties in New York for more than a century. “It is part of my DNA,” said the chief executive officer and vice chairman of Rudin Management Company. “I was intrigued at an early age watching my grandfather, father and uncle influence the landscape of the city we love.”

Fittingly, Mr. Rudin is the recipient of this year’s Real Estate Board of New York Bernard H. Mendik Lifetime Leadership in Real Estate Award.

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(Illustration by Russ Tudor)

Peter Hauspurg: Louis Smadbeck Broker Recognition Award Winner

Peter-1Peter Hauspurg, who founded Eastern Consolidated in 1981 with his partner and wife Daun Paris, has a law degree from Fordham University. Admittedly “not a natural at practicing law,” his background has been invaluable in commercial real estate.

“It’s helpful to speak the same language as the people putting the deals together,” he said, referring to the back and forth of contract negotiations.“It’s like being the only non-Russian speaker in a room. As soon as you learn Russian you realize, ‘Jesus, you don’t know any more than I do.’ ”Always intrigued by numbers, Mr. Hauspurg specialized in tax law. But the minutiae of the year-to-year changing provisions was unappealing. Now he employs experts to, say, find ways for a C-Corp selling a property to avoid double-taxation.

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Daniel Kindbergh: George M. Brooker Management Executive of the Year Award Winner

A certified public accountant since 1982, Daniel Kindbergh was in the audit world for about four years before he joined E. F. Hutton as an accountant administering real estate limited partnerships. He moved to the operations side of real estate in 1996, around the time Olympia (his then-employer) was purchased by Brookfield Property Partners.

In those days—with no legal team (just one lawyer), no marketing team, and so forth—everyone did everything, like writing and negotiating contracts. And there wasn’t the software available today. Every task was completed manually and fortunately Mr. Kindbergh has the ability to talk to anyone and everyone: senior executives in the business world, engineers and mechanics. 

“I always had that inclination,” he said. “As a kid I worked on cars with my dad. I’m not the most technical guy around but I know enough not to get fooled.”

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Glen Weiss: REBNY Young Man/Woman of the Year Award Winner

GlenWhen Glen Weiss first walked into 11 Penn Plaza as a porter he had no idea he was starting his career. His dad was a property manager for a client of the Mendik Company, who operated the building and sought help in the summers to give vacation time to their regular porters and engineers. To the 16-year-old aspiring sportscaster this was simply a way to make money. Mr. Weiss commuted from Old Bridge, N.J., by bus with his dad, leaving around 6 a.m. “It was always in the dark,” he laughed. That was 1986. And much is still the same.

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You Can Now Build a Multi-Million Dollar Home via Your iPad

HBThere are apps for real estate sales, apps for paint color, apps for arranging furniture, and apps for making the best use of natural light. But until now, there was no app for that most fundamental process of homesteading: creating a new one from scratch. In the coming weeks Al Hamra Real Estate Development will unveil its all-inclusive Home Builder app.
All you need is an iPad and five million UAE Dirham ($1.36 million), to start. Swipe and spend has never been so elite.

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Today in History: Let's All Go to the White House!

Until 1933, there was a New Year’s Day open house reception at the White House, and everyone was invited. The definition of “everyone” varied with each president, generally involving some combination of D.C. dignitaries and tourists. By 1930, the event had become a regular overnight campout, with nearly 6,500 potential guests lining the gates in the wee hours for the chance to step inside and hang with the Hoovers.

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