Before founding DH Property Holdings, Dov was the Executive Vice President of Acquisitions of Asset Management at Extell Development Company. During his 13+ years at Extell, Dov negotiated and supervised the acquisitions of over $20 billion of New York real estate. Dov was directly responsible for sourcing some of the most notable transactions over the last 10 years, including The Ring Portfolio, One 57, Nordstrom Tower, and One Manhattan Square.
We discuss:
- Stories from Dov’s career assembling iconic NYC sites
- Pivoting to Class B Industrial
- How to Negotiate in RE
Topics:
00:00:00 - Intro
00:00:40 - Dov’s early career & Land assemblage and zoning in NYC
00:12:24 - Tenant risks
00:15:25 - Assembling Central Park Tower site
00:26:54 - Assembling 1 Manhattan Square site
00:32:43 - The Ring portfolio
00:49:14 - Hiring Japanese actors to finalize a deal
00:57:49 - Venturing into Class B Industrial
01:16:09 - How would outsiders perform in NYC trying to assemble land?
01:17:07 - The power of negotiation
Links
DH Property Holdings - https://www.dhphllc.com/
Dov in The Real Deal - https://therealdeal.com/new-york/2024/01/12/dov-hertz-bridge-sell-sunset-park-warehouse-site-to-fedex/
Dov in Crain's New York Business - https://www.crainsnewyork.com/awards/dov-hertz-notables-real-estate-2022
Dov's Real Estate Investment Blog - https://dovhertz.org/
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