In his new post, Szollosi will oversee an assorted commercial real estate portfolio that includes more than 12 million sf of class A Manhattan office buildings as well as showroom and design centers in New York, Florida, West Los Angeles and Houston. Cohen Brothers' owns and manages Manhattan properties including: 623 Fifth Ave.; 135 E. 57th St., 805 Third Ave., 750 Lexington Ave., 622 Third Ave., 3 Park Ave., 979 Third Ave., 3 E. 54th St., 475 Park Ave. S.; and the D & D Building at 979 Third Ave.
A source close to Cohen Brothers tells GlobeSt.com that Szollosi's responsibilities at Cohen are "pretty much the same as they were at Macklowe Properties." The source could not reveal details as to what attracted Szollosi's to Cohen, or his reasons for leaving Macklowe Properties.
"We are delighted to welcome one of real estate's most accomplished executives to our firm," says Cohen Brothers CEO and president Charles Cohen, in a prepared statement. "I'm confident that Michael's extraordinary talent and extensive experience will be a valuable resource to our company as we continue to grow and expand our portfolio."
During his career, Szollosi spent 14 years with Corporate Property Investors, where he ran its Financial Reporting and Internal Audit Groups; five years with Equitable Real Estate, where he asset managed Equitable's New York portfolio; and seven years with the Shorenstein Co., where he oversaw its MetLife and Yale University Endowment Fund business in New York as well as various Shorenstein assets on the east coast.
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