May 10, 2011

Andrew Farkas among 100 Most Powerful People in New York Real Estate

This year’s list of “The Real Estate Power 100” from The New York Observer reflects a refreshed economy—a flip from the recession-addled past years that stalled the industry. Andrew Farkas comes in at No. 11 on the list, after a successful year serving as the CEO of Anubis Advisors, which provides management consulting, restructuring, distressed debt and real estate advisory services. While the president of the United States ranked No. 1 on 2009’s list, this year brought the return of the real estate industry’s serious players, clearly taking into consideration the news of several major leases that were announced in the summer of 2010.

Alongside Andrew Farkas on the list is Si Newhouse (No. 51), who signed a deal at the end of last year with Port Authority of New York and New Jersey, cementing his plans to anchor Condé Nast at 1 World Trade. Also on the list are the people who won the private bid to be an equity partner in that very address, Douglas and Jody Durst (No. 1). Newcomers to the list include Gary Barnett at No. 6, Mikhail Prokhorov at No. 24 and Scott Rechler at No. 19. The New York Observer noted that the people on the list remain overwhelmingly male; with 10 women making this year’s cut.