International commercial real estate services firm Studley is pleased to announce Eric Negrin has joined the firm’s New York Capital Transactions Group as corporate managing director.
With 21 years of commercial real estate experience, Mr. Negrin has been involved in more than $20 billion of consummated transactions throughout his career including the sales of the General Motors Building and Stuyvesant Town/ Peter Cooper Village.
Studley’s Capital Transactions Group (CTG) specializes in executing the most complex institutional-quality investment sales in the New York market, with notable transactions recently including the simultaneous transfer of fee and leasehold interests at 1375 Broadway, bankruptcy auctions of 183 Madison Avenue and 100-104 Fifth Avenue, and the restructuring of the fee and leaseholds at 515 Madison Avenue. Led by Executive Managing Director Woody Heller and Corporate Managing Director Will Silverman, the group has also brokered Manhattan’s largest land sales in three of the last four years, including the Drake Hotel site, the ground lease at 51 Astor Place and 10 UN Plaza.
“Eric joining us speaks volumes about our company and our team. Studley continues to attract leaders in the real estate world, and Eric certainly has established himself as one of them,” said Mr. Heller. “His extensive underwriting background is consistent with our emphasis on executing the most complex transactions in the marketplace and we look forward to working with him on what will certainly be exciting new transactions.”
Prior to joining Studley, Mr. Negrin was co-head of the acquisitions group for the Paramount Group where he was responsible for sourcing, structuring and underwriting real estate equity and debt acquisition opportunities. He also spent eight years as a senior vice president with CB Richard Ellis’s Investment Sales Group and has held supervisory roles with Cushman & Wakefield’s Financial Consulting Group and ACG Professionals in Atlanta.
With experience on both the brokerage and principle sides of the business, Mr. Negrin approaches his assignments from the buyer’s perspective seeking to identify and devise solutions for each unique set of challenges. His financial underwriting and due diligence acumen have been invaluable to many notable transactions such as the dispositions of 885 Third Avenue (three times), 350 Park Avenue, 575 Fifth Avenue and 32 Old Slip.
Mr. Negrin is a member of the Real Estate Board of New York, the Urban Land Institute and the Cornell Real Estate Council. He received his Bachelor of Arts degree in government from Cornell University and his Masters of Business Administration from The Stern School of Business at New York University.