As if commercial real estate in New York didn’t have enough problems…
It was reported at the end of last week that the office of Manhattan District Attorney Alvin Bragg has seized the phone of a broker working for Cushman & Wakefield, one of the world’s largest commercial real estate services firms, according to Bisnow.
Investigators from Bragg’s office have seized electronic devices from a Cushman & Wakefield broker linked to the city’s office leases and a close friend of Mayor Adams’ top adviser, according to The New York Times.
On September 27, investigators confiscated the phones of Cushman & Wakefield Vice Chair Diana Boutross, Mayor’s Chief Advisor Ingrid Lewis-Martin, and Jesse Hamilton, head of the city’s real estate department, at JFK Airport after their trip to Japan. Lewis-Martin and Boutross have been longtime friends, her attorney, Arthur Aidala, told Bisnow.
Aidala commented: “There were eight friends who decided to go to one of the biggest tourist countries in the world to just explore on a long-planned friendship trip.”
A spokesperson for Cushman & Wakefield said: “We have a longstanding, 15-year relationship with the city that spans across multiple mayoral administrations and we are proud of the important work we’ve done for DCAS.”
The Bisnow report says that Boutross oversees Cushman & Wakefield’s account with the Department of Citywide Administrative Services, the agency responsible for leasing government office space.
Her resume includes work with The Durst Organization and The Trump Organization. Cushman & Wakefield has held a $40M contract with the city since 2014, linked to a Bronx 911 facility, Crain’s reported.
The firm also handled major city office leases, including a 640K SF deal at 110 William St. last year. Investigators seized devices from Lewis-Martin and Hamilton and searched Lewis-Martin’s home, issuing her a subpoena related to Adams’ recent indictment.
“These searches and any negative connotations associated with them or this preplanned vacation are baseless. In due time, all the facts will come out and will be supported by evidence and demonstrate everything was done properly,” Aidala concluded.
Tyler Durden
Sun, 10/13/2024 – 18:05
