"Steve Siegel defines the preeminent real estate and business professional," says Christopher Ludeman, president of Americas Brokerage at CBRE, in a statement. "His stature in this industry has been built over a generation by creating remarkable outcomes for clients and our employees. Nearly 30,000 CBRE professionals across the globe share a common passion--our pride in Steve Siegel and this crowning achievement."
Mitchell E. Rudin, president and CEO of the New York Tri-State region, added, "In as challenging an environment as has existed in his long career, Steve was continually sought out by our firm's largest clients seeking the benefit of his experience and wisdom. Not even the deep recession and Manhattan's battered financial sector could quell the enthusiasm, optimism and focus Steve has demonstrated always for his many clients, colleagues and friends, as well as for the overall community of New York City that he loves."
Siegel's 2009 production was highlighted by his tenant representation in major Manhattan office leasing transactions including Showtime Network, Inc., which picked up 202,495 square feet at 1633 Broadway; Gibson Dunn's 261,847-square-foot lease at 200 Park Ave.; Simon & Schuster, Inc., which signed for 292,391 square feet at 1230 Ave. of the Americas; and Stroock & Stroock & Lavan, LLP's 223,424-square-foot lease at 180 Maiden Ln.
Over the course of his career, Siegel has arranged transactions for some of the nation's most prominent corporate clients including, J.P. Morgan Chase & Co.; Sidley Austin LLP; Fried Frank Harris Shriver & Jacobson LLP; Amerada Hess Corp.; Sanford C. Bernstein & Co.; Swiss Reinsurance; MetLife; Cerberus Capital Management; and Akin, Gump, Strauss, Hauer & Feld LLP.
Of particular note, Siegel negotiated Gucci Group's lease at Trump Tower in Manhattan, a transaction that was recognized by the Real Estate Board of New York as 2006's Most Creative Retail Deal of the Year. He also advised Hudson Waterfront Associates--a partnership of several overseas investors--on the acquisition of 1290 Ave. of the Americas for $1.25 billion, and then re-sold it one year later to Vornado Realty Trust. In addition, Siegel arranged the $306-million sale of a parcel on the southeast corner of 42nd St. and Eighth Ave., the last developable site within the 42nd Street Development Project, to SJP Properties, which is constructing Eleven Times Square--a one million-square-foot office property--on the site.
Earlier this year, Siegel was honored with the American Jewish Committee's prestigious Real Estate Division National Human Relations Award. In August 2006, Siegel and his wife, Wendy, were named co-chairs of the National Jewish Medical and Research Center's Council of National Trustees. He also contributes his time and energy to several other organizations, including serving as chairman of the YMCA's Capital Campaign and general chairman of the Association for the Help of Retarded Children, as well as sitting on the Board of Directors of the Greater New York Council of the Boy Scouts of America and City Center 55th Street Theater Foundation.
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