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GlobeSt.com EXCLUSIVE: Cohn R.E. Hits Ground Running with 70M-SF AmEx Assignment

NEW YORK CITY-Barry Barovick says his commitment to the integrated service model is alive and well and driving business to the fledgling Cohn Real Estate. The global American Express deal is only one in a "full pipeline" of agreements.

By John Salustri | Updated on March 24, 2004

NEW YORK CITY-A new and exclusive agreement to advise American Express on its 70-million-sf global real estate portfolio is powering up Cohn Real Estate LLC, the recently formed real estate firm headed by former Grubb & Ellis chief Barry M. Barovick.

Barovick explains that the new enterprise–which includes many of the senior executives with Barovick during his tenure at Grubb–is a 50/50 joint venture with JH Cohn, one of the world’s largest accounting and consulting firms. The half not owned by Cohn is owned by Barovick, COO Elizabeth S. Kulik and Sr. EVP Michael Berne.

Barovick explains that the JV provides the startup with the infrastructure necessary “so we didn’t have to focus on the noise of administration while getting our business up and running.” It also provides a more than 600-person worldwide employee base so the 13 core executives of Cohn Real Estate have the wherewithal to take on clients such as AmEx.

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