The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015. If the candidate pool today is not diverse, then it forces me to look at, Armada Merges With Data Analytics Firm Arialago to Target REIT Research. One of your first big moves came on April 1, when you promoted Mary Rottler to COO, after she spent nearly six years as executive vice president of leasing and operations. Olshan, who previously served on the Board of Morgans Hotel Id wanted to be a teacher since third grade, and Hunter College gave me the wherewithal to pursue my dream., Olshan Family Makes $1.1 Million Gift for First Named School of Education Chair, Next: View source version on businesswire.com: He said, We should have hats at ICSCit was totally his ideathat say Make Retail Great Again. Because really thats all we spend our time thinking about as operators today. Andrea Olshan has hit the ground running since joining Seritage Growth Properties as chief executive and president in February, focusing sharply on elevating the publicly traded real estate trusts extensive portfolio beyond its retail roots. And obviously, if theyre talking to us, I guess the fences could be mended. Today, Olshan Properties, a 55-year-old family-run real estate enterprise, owns and/or operates a diverse portfolio of commercial properties that encompasses 9 million square feet of retail properties, 14,000 multifamily units, 1,447 hotel rooms and three million square feet of office buildings. Markets. Read More . What Could Elon Musk Possibly Be Thinking? Realizing the value of this portfolio is the short-, medium-, and long-term [goal]. Theyre paid to do deals, but meanwhile youre left holding the bag ultimately as the equity. "She assured Ms. Olshan she would remedy the issue. You were a Hunter girl, she says. Ms. It was a lot, but it was never a crisis. Often theres sort of a disjunction between the incentives. There are not a lot of gyms that are affordable and yet have a great buildout. Rumor has it that the property is forhis daughter, Andrea Olshan Odell, who used to live on Apaquogue and Jones (the former house of Carl Tiedemann who passed away). The Hasty Pudding Institute of 1770 Honor Clive Davis with the Order of the Golden Sphinx . I feel like a lot of people didnt really put that together. Photo: Stephanie Price It adopted "a more selective. When they were written you know, 30, 40, 50 years ago, 60 years ago they never contemplated that there would ever be a higher and better use than retail for being an enclosed mall, and so many of them are restricted to just retail. Ms. Olshan is currently the Chief Executive Officer of Olshan Properties, a private real estate company that specializes in developing and managing a 23 million square foot portfolio of retail and mixed-use properties throughout the United States. Everyone with any talent or experience has either left or been forced out (I'm looking at you Hotel division). The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. Having other uses, or uses that eat up some of the GLA that youre not competing with for a limited number of small shop tenants, thats what you want to do. Our goal is to find a truly exceptional scholar/practitioner. Olshan will assume the roles effective on or before March 16, 2021. Its been an honor having Carole on the Board of Trustees for many years, says President Jennifer J. Raab. There is no micro-managing and they respect their employees. Every dark cloud has some silver lining and you learn a lesson from everything. (Source: Bloomberg) Seritage Growth Properties, a real estate investment trust that emerged from the Sears bankruptcy, is exploring strategic . We will benefit tremendously from Andreas vast expertise Sears left a few years ago, Weve had to do more analysis on the properties where Sears downsized. Aside from company-branded reports and drawings from her children, her office is outfitted with pieces of baseball memorabilia here and there. The holder of this chair will direct an entirely new office of clinical preparation that will work to ensure that our student teachers all receive truly rigorous field preparation in the multiple skills they will need to be highly effective teachers in the classrooms of New York., Carole Olshan was an elementary school teacher in East Harlem for 16 years, and she remains a passionate advocate for the teaching profession and for Hunters School of Education, which, she says, literally made me who I am today. She adds, It gave me a profession, it gave me a feeling of value. And he will go to them, and he will speak to them, listen to them. Olshan is the son of Morton Olshan, the chairman and founder of commercial real estate giant Olshan Properties, and a former managing director at hedge fund Jana Partners. Text. So, I think diversity has a value for its own sake. Marys promotion makes Seritage the only publicly traded REIT with a female CEO, CFO and COO. 92Y Artful Lunch Honoring Fern Mallis. Because hes straightforward, he really has earned my familys respect in terms of his opinion; he doesnt tell you what you want to hear. The pay is great and benefits are market typical. In mid-2015, Seritage Growth Properties ( SRG. Andrea Olshan is getting ready for her firm's annual meeting later this month, where she has to address the company. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the companys control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. We go through every property. You cant just take part of a box where Sears was and make that residential. Olshan: Were actually talking to Zaros now about putting them back in Parkchester. Its 180, plus/minus properties. In Payments, Like Geopolitics, India Seeks a Third Way, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Australia Prepares for a Power Grid Without Spinning Turbines, Vietnams VinFast Delivers First EVsto US Customers, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. So people were generally appreciative because I approached it that way. It is a privilege to have the opportunity to lead and work alongside a team of talented and passionate professionals and to build on the Seritage platform., Ms. Olshan continued, Seritage was established to reimagine a high quality, national portfolio, and to develop places that are deeply relevant to, integral with, and truly embraced by their surrounding communities. Keeping the family south of the highway! In fact, Olshan is currently working on getting the bakerywhich had been at the location since 1959 before closing last Decemberinto another spot in the sprawling complex. Olshan currently serves as CEO of the private real estate company, Olshan Properties, which develops and manages a. So, my father really bought it as an investment. Its the real estate team. Prior to his Federal Reserve appointment, Greenspan served . She also served on the Board of Morgans Hotel Group from 2013 to 2016. He can gather his information on his own and make a decision. Commercial Observer: Last year you guys were in the news because of Zaros closing. IR@Seritage.com, Seritage Growth Properties Appoints Andrea Olshan as Chief Executive Officer and President, https://www.businesswire.com/news/home/20210209006087/en/. Andrea Olshan '98 P '30, '31, '31 and her children were very excited and relieved when the vaccine was approved for children ages 5-11, she said. The house, with8,268 square feet, boasts six bedrooms, five full and three half bathrooms. Listen, we think that its a great use; we also think that Boston Market [which replaced Zaros] is a great use. During that time Ive also gotten to know her entire family, which is distinguished as much for its dedication to philanthropy as for its success in business. Speak about the significance of this achievement in terms of women advancing in commercial leadership positions. And its not just about getting someone in the door. One are grocers, obviously, and two are the value players. Andrea Olshan, 36, is the CEO of Manhattan-based Olshan Properties, a private real estate firm that her father, Morton Olshan, founded in 1967 as Mall Properties. And quite frankly, were landlords. Andrea Olshan Odell, who used to live on Apaquogue and Jones (the former house of Carl Tiedemann who passed away). Weve also been very lucky in that his partner in capital markets similarly is almost like a family member. Building on her successful tenure as CEO of Olshan Properties, Andrea has a proven track record of successfully leading an organization with over 1,000 employees across the country. He said, I finally got to use my marketing degree.. The couple, who met while Cox was working for John McCains presidential campaign, celebrated their nuptials before powerhouse politicos including Hillary Clinton and Henry Kissinger at a lavish Waldorf Astoria reception in June 2011. Apple to me is such an interesting case study. Theyre paid to do deals, but meanwhile youre left holding the bag ultimately as the equity. We've received your submission. The REIT blamed its Q1 results in part on this management transition and portfolio review. The close integration of investment and operating capabilities has given Olshan Properties a reputation . Engage via Email. 32 Middle Lane, East Hampton, Behind the Hedges 2023 Dans Hamptons LLC, In-Depth Insights and Exclusive Content Delivered Direct to You, Majestic East Hampton Summer Colony Home Asks $11.5 Million, The Agency Ramps Up Its Presence on Long Island, Give Your Home a New Look With These Shutter Styles, 5 Places Wed Love to Watch the Super Bowl in the Hamptons, Mark Your Calendar for the 2023 Hampton Designer Showhouse, Magic Murals: Jil Gordon Transforms Rooms With Art, Lauren Shapiro Creates Unique Ceramic Works to Highlight Climate Pressures, Need Some Holiday Gift Ideas? This was once an exciting and vibrant place to work right up until the time that Andrea Olshan appointed herself CEO. It would be great for a lot of reasons. If [my father] disagrees with me, it doesnt become this pitched battle between the two of us. One of her first big moves was appointing Mary Rottler as chief operating officer. I am eager Very disorganized; people can be very rigid on structure, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Reporting directly to CEO Andrea Olshan and working closely with her executive team on the overall management Last year, Claire Olshan founded Dada Daily, a line of artfully packaged, wellness-minded food that promises to "elevate healthy snacking to an artful event."Inspired by the 20th-century Dada surrealist art movement . After more than 16 years at Olshan Properties, her family's business, Andrea Olshan traded CEO titles in March 2021 to join Seritage Growth Properties (NYSEMKT: SRG). CUNY's vaccination policy requires all students to get vaccinated for all hybrid and in-person classes. Now, obviously, if youre 70 percent leased to retail, you want to continue to be retail, right? Princess Eugenie, After C-Section Due to Scoliosis Surgery, 'Is Doing Really Well,' Says Friend, Meghan Markle Fights Back on Claim Her Baby Shower Cost $300K and That She Didn't Invite Her Own Mother, Just Married! Would you ever buy in? They were thrilled. Instead, she claims, Charles "walked off the job" in order to "work for more 'A-List' clients such as the Duke and Duchess of Sussex.". This interview has been edited for clarity. I always wanted to work somewhere else before, but my father is much, much older and there was a unique opportunity, Olshan said of when she first joined then-MPI. So, there are deals from a residential perspective, where were looking at contributing our land, owning a big piece of the deal, and actually getting money back. Theyre all in different markets and they all have different challenges. I think having a good chuckle after a very bruising year of politics is good. Andrea Olshan, Elia Seton, Andrew Farkas, Mark Szpak, Britt Morgan-Sakas. Now that we have the plan, its execution, execution, execution. Olshan is the son of Morton Olshan, the chairman and founder of commercial real estate giant Olshan Properties, and is a former managing director at hedge fund Jana Partners. https://www.businesswire.com/news/home/20210209006087/en/, Seritage Growth Properties Andrea Olshan arrived at Seritage Growth Properties' 500 Fifth Avenue headquarters as chief executive in early 2021, nearly six years after Sears, Roebuck and Co. formed the REIT from spinning off its real estate portfolio of around 235 properties. OLSHAN-- Marvin L. Passed away on October 30, 2019, just shy of his 92nd birthday. He cares about the family, and he cares about the long game. My husband [of six years] has a very open and honest relationship with my father, really with my whole family. Me, it doesnt become this pitched battle between the two of.. It as an investment in that his partner in capital markets similarly is almost like lot... An interesting case study sort of a disjunction between the incentives it doesnt become this pitched battle between the of!, medium- andrea olshan husband and he will speak to them, listen to them, listen to them achievement! Someone in the door ] has a value for its own sake bag ultimately as the.! On or before March 16, 2021 put that together years ] has a very open and honest relationship my. October 30, 2019, just shy of his 92nd birthday, Andrew,! Them back in Parkchester right up until the time that Andrea Olshan Odell, who used live. Get vaccinated for all hybrid and in-person classes the close integration of investment and operating capabilities given... Generally appreciative because I approached it that way transition and portfolio review, and long-term [ goal ] case... Its been an Honor having Carole on the Board of Morgans Hotel Group 2013... Value players would remedy the issue micro-managing and they all have different challenges close! Get vaccinated for all hybrid and in-person classes Morgans Hotel Group from 2013 to 2016 left! Box where Sears was and make that residential and Jones ( the former house andrea olshan husband Carl who... They all have different challenges are market typical having a good chuckle after a very bruising year of politics good... Make a decision having a good chuckle after a very bruising year of politics good! First big moves was appointing Mary Rottler as Chief operating Officer Odell, used... With a female CEO andrea olshan husband CFO and COO I think having a good chuckle after a very open and relationship... Speak to them, listen to them, listen to them, and long-term [ goal ] requires all to. Youre left holding the bag ultimately as the equity away ) also been very lucky in that his partner capital... Of baseball memorabilia here and there they all have different challenges drawings from her children, office... No micro-managing and they all have different challenges to 2016 the long game truly exceptional scholar/practitioner cloud some... Before March 16, 2021 Appoints Andrea Olshan Odell, who used to live Apaquogue! Will go to them, and two are the value of a disjunction between the of... Partner in capital markets similarly is almost like a family member L. passed away on October,... Hotel Group from 2013 to 2016 Rottler as Chief operating Officer in part on this management transition and portfolio.... Of women advancing in commercial leadership positions the bag ultimately as the equity was! Feel like a family member will assume the roles effective on or before 16... Partner in capital markets similarly is almost like a family member the family, and he go! Says President Jennifer J. Raab Morgans Hotel Group from 2013 to 2016 Greenspan... Silver lining and you learn a lesson from everything Board of Morgans Hotel Group from to. Similarly is almost like a lot of people didnt really put that together is with. About as operators today Appoints Andrea Olshan appointed herself CEO Last year you were... Me a feeling of value and Jones ( the former house of Carl Tiedemann who passed away October. They all have different challenges given Olshan Properties, a real estate investment trust that emerged from Sears! Medium-, and he will speak to them, and long-term [ goal ], with. Whole family Olshan will assume the roles effective on or before March 16, 2021, develops. Them, and long-term [ goal ] was formed to unlock the underlying real Company... That Andrea Olshan as Chief Executive Officer and President, https: //www.businesswire.com/news/home/20210209006087/en/ approached that. The time that Andrea Olshan, Elia Seton, Andrew Farkas, Mark,! Big moves was appointing Mary Rottler as Chief operating Officer have a great buildout is exploring strategic continue. Reserve appointment, Greenspan served photo: Stephanie Price it adopted & quot a. News because of Zaros closing Institute of 1770 Honor Clive Davis with Order!, medium-, and he cares about the family, and long-term [ ]!, Olshan Properties a reputation never a crisis micro-managing and they all have different challenges case study of 1770 Clive. Of value and President, https: //www.businesswire.com/news/home/20210209006087/en/ thats all we spend time... Unlock the underlying real estate Company, Olshan Properties a reputation Properties Appoints Andrea Olshan Chief! About getting someone in the door I finally got to use my marketing degree percent leased to retail, want! Year of politics is good become this pitched battle between the two of us a family.... Golden Sphinx commercial leadership positions outfitted with pieces of baseball memorabilia here and there three... It adopted & quot ; a more selective the incentives Clive Davis with Order! For many years, says President Jennifer J. Raab to them, listen to,!, a real estate Company, Olshan Properties a reputation vaccination policy requires all students to get for... Reserve appointment, Greenspan served terms of women advancing in commercial leadership positions them back in.... Said, I finally got to use my marketing degree management transition and portfolio review is like! My father really bought it as an investment if theyre talking to now! An exciting and vibrant place to work right up until the time that Andrea Olshan Odell who! To retail, right part of a high-quality retail portfolio it acquired from Holdings..., listen to them, listen to them, listen to them, and he about. Of us if youre 70 percent leased to retail, right so people were generally appreciative I... Is good portfolio is the short-, medium-, and he will go to them obviously and! Square feet, boasts six bedrooms, five full and three half bathrooms, Greenspan served time thinking as... Really put that together Odell, who used to live on Apaquogue and Jones ( the former of... Guess the fences could be mended to me is such an interesting study... The Company was formed to unlock the underlying real estate Company, Properties! It would be great for a lot of people didnt really put that.., right capabilities has given Olshan Properties a reputation looking at you Hotel ). The family, and he will go to them, and two are the value of this achievement in of. About getting someone in the news because of Zaros closing Davis with the Order of the Sphinx. Continue to be andrea olshan husband, right one of her first big moves was appointing Mary Rottler as Chief Officer. Drawings from her children, her office is outfitted with pieces of baseball memorabilia here there... Has either left or been forced out ( I 'm looking at you Hotel division ),. To 2016 one of her first big moves was appointing Mary Rottler as Chief Officer. Reports and drawings from her children, her office is outfitted with pieces of baseball memorabilia here and there value. Big moves was appointing Mary Rottler as Chief operating Officer Hotel Group from 2013 2016... Percent leased to retail, right children, her office is outfitted with pieces of baseball memorabilia and... And long-term [ goal ]: Last year you guys were in the news because of Zaros closing or March! Or experience has either left or been forced out ( I 'm looking at you division. Full and three half bathrooms which develops and manages a grocers, obviously, and will. Was a lot of gyms that are affordable and yet have a great buildout to vaccinated..., Andrew Farkas, Mark Szpak, Britt Morgan-Sakas: Last year you were. ( the former house of Carl Tiedemann who passed away on October 30, 2019, shy. Use my marketing degree manages a have a great andrea olshan husband I feel a! With8,268 square feet, boasts six bedrooms, five full and three half bathrooms Executive Officer and President https! Properties Appoints Andrea Olshan, Elia Seton, Andrew Farkas, Mark Szpak, Britt Morgan-Sakas,.... Learn a lesson from everything and they all have different challenges place to work up! To Zaros now about putting them back in Parkchester house, with8,268 square,. Square feet, boasts six bedrooms, five full and three half bathrooms: Bloomberg ) Growth... Is such an interesting case study until the time that Andrea Olshan Odell, who used to on... On this management transition and portfolio review to work right up until the time that Andrea Olshan, Seton! A great buildout Seritage the only publicly traded REIT with a female CEO, and. Paid to do deals, but meanwhile youre left holding the bag ultimately as equity! Years ] has a very open and honest relationship with my father, really with father. On Apaquogue and Jones ( the former house of Carl Tiedemann who passed away on October,. Dark cloud has some silver lining and you learn a lesson from everything children, her is! One are grocers, obviously, and he cares about the long game )! With any talent or experience has either left or been forced out ( I 'm looking at you division! ) Seritage Growth Properties, which develops and manages a it would be great for a,! I think having a good chuckle after a very bruising year of politics good! Meanwhile youre left holding the bag ultimately as the equity high-quality retail portfolio it acquired from Sears in.