Real estate drives New York. No topic is more hotly debated by New Yorkers than where they live, what they pay and the future of their community’s built environment. This carries over to the halls of power, where land use and housing dominate conversations from City Hall to Albany. This year, housing policy was a top issue for many, but a variety of proposed solutions went bust, with all of the major issues going unaddressed. Only minor housing bills and funding boosts for narrowly focused programs, like rural housing, emerged from Albany.
City & State New York
The 2023 Real Estate Power 100: 46. Douglas Eisenberg & Maggie Brunn
07/05/2023
More broadly, though, the real estate industry remains active. Several large-scale new developments, with significant affordable housing components, were approved in the city. Advocates are making their voices heard loud and clear. Casinos are a key downstate issue, with developers proposing casinos everywhere from Times Square and the top of Saks Fifth Avenue to Coney Island and the Nassau Coliseum. While the commercial sector has been hindered by the rise of remote work, reports of its total demise may be slightly exaggerated.
Meet the power players shaping the future of New York.
46. Douglas Eisenberg & Maggie Brunn
Founder and CEO; President, A&E Real Estate
A&E Real Estate is having a moment. A lack of supply is driving up rents in New York City apartments, the firm’s bread and butter. A&E recently acquired two luxury rental buildings on the Upper West Side in highly publicized deals. The acquisition of a massive apartment portfolio in Brooklyn in November has made A&E one of the city’s largest landlords. But it’s not all smooth sailing – Douglas Eisenberg had to take back the reins when the former CEO left after less than two years.
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