September 12th, 2016
“Opportunities abound today for investing in mixed residential and commercial use real estate,” says Frydman, who has a long history of successfully redeveloping and repositioning real estate assets like the Old Global Crossing Building in Manhattan, which was purchased in 2003 for $46.2 million and sold in 2005 for $91.2 million. The veteran real estate investor praises New York zoning officials for taking pro-active steps to embrace the new “live-work-play” paradigm that has been blooming in the city’s urban areas. MX zoning creates a lively and diverse infrastructure — it revitalizes neighborhoods and stimulates economic growth. For the Millennial generation, leaving a smaller carbon footprint, spending less time in commuting, and fostering a sense of community are high priorities, says Frydman. And as Millennials flock into urban settings where they can enjoy a living space in close proximity to ground floor employment, shopping, and dining, the mixed-use market is bound to flourish.
September 11th, 2016
Jacob Frydman notes the special interest and close attention paid by the New York zoning officials to the bullish mixed-use real estate climate. Melissa Mark-Viverito, Speaker of the NYC Council, has recently addressed the growing demand. “We are seeing remarkable interest from a range of companies to build new buildings and retrofit existing buildings in neighborhoods across the City… We need to create the conditions to support this kind of investment,” she urged. In a November, 2014 report, “Engines of Opportunity: Reinvigorating New York City’s Manufacturing Zones for the 21st Century”, Mark-Viverito recommended that zoning officials establish new vertical MX zoning designations. And this past April, the New York City Council approved a modified version of a major planning initiative proposed by Mayor de Blasio that includes mixed residential and commercial use development in East New York and Ocean Hill neighborhoods. The real estate data research firm, AxioMetrics, reports that the Kings County submarket in Brooklyn, NY alone has 23 mixed-use developments in the pipeline for 2013-2021.
September 10th, 2016
Mixed-use real estate has recently been experiencing a dramatic upward trend in New York City and across the nation. Property expert Jacob Frydman is optimistic about the returns for investors currently putting their capital into this type of residential rental and commercial use opportunities, including office space, retail, and hospitality. Manhattan alone has now over 30 Special Mixed-Use Districts (MX), with the number of MX-zoned properties growing rapidly within the rest of the boroughs.
September 9th, 2016
Jacob Frydman has over 30 years of experience in structuring, financing, and executing highly complex real estate transactions. He is credited with acquiring over five million square feet of existing and to-be-developed holdings located on the east coast of the United States, and has participated in property transactions valued at over $2 billion. Frydman was the CEO and Chairman of First Capital Real Estate Trust, a public Real Estate Investment Trust, and continued on as Chief Investment officer after his retirement in September 2015.
September 8th, 2016
Consistently championing acquiring inflation protected leases as not only a stop-gap against loss, but as a measure of ensuring continued returns in a shifting market is one of Jacob Frydman’s specialties. An ever-present danger for investments in real estate during an inflationary cycle are losses from stagnant rents, compounded by continuously rising interest rates and property values. The cost of doing business can eventually outpace returns, but being able to raise rents accordingly can help ensure net gains. “The real money in commercial real estate over the next several months or years will be in inflation protected leases,” Frydman says in an interview with Bloomberg TV, “i.e. properties with leases where you can increase rents either like apartment buildings — short term duration — or hotels or industrial assets where you can build in a CPI increase into your rents.” Many other experts, such as Dr. Martha Peyton of TIAA-CREF and Brad Case of NAREIT, have identified commercial real estate in general as a historically proven “hedge” against inflation for investment portfolios, making Mr. Frydman’s predictions that much more important.
September 7th, 2016
Jacob Frydman has repeatedly warned that an inflationary period in the real estate market is inevitable, at least in part due to rising interest rates. Rates have remained low for quite some time, aided by the Federal Reserve, but are slated to rise and bring property values up. However, Frydman points out that the market is by its very nature cyclical and provides tremendous opportunity even with expected downturns. “What’s ultimately going to happen is an inflationary cycle not unlike what we were experiencing in the late 70’s and early 80’s,” he told an interviewer at Real Estate Finance Intelligence TV. With this in mind, Frydman advises potential investors to purchase properties while the costs are still relatively low and strengthen their asset values during the transition period from one cycle into the next until the market reaches a new high again. Frydman predicts this next peak to take place by the end of this decade.
September 6th, 2016
With several decades’ worth of knowledge and experience within the real estate industry, Jacob Frydman is widely considered a top expert in real estate investing. Mr. Frydman is regularly called on to publicly weigh in on the status of the market, especially in the wake of the upheavals of the Great Recession and after. One point he frequently advises on is the effect of inflation in real estate, namely an expected upcoming increase in real estate costs gradually hitting the market and what changes it will cause on traditional investment models.
September 5th, 2016
Jacob Frydman has over 30 years of experience in structuring, financing and executing highly complex real estate transactions. Notable achievements of his career include Two Dag Hammarskjöld Plaza, an office condominium tower in midtown Manhattan used by foreign governments for their missions to the United Nations, and redeveloping the Aetna Building in lower Manhattan’s financial district. An avid philanthropist, he has been a firm supporter of Chabad of Dutchess County, the Brem Foundation to Defeat Breast Cancer, and other organizations. He generously dedicates much of his time and capital to programs aimed at helping people in struggling communities, and is proud to have recently joined the National Committee for Furtherance of Jewish Education (NCFJE) in support of its Released Time program of Greater New York.
September 4th, 2016
Few if any are better positioned than Jacob Frydman to analyze expectations in the real estate market. An expert in various segments of the industry — including industrial properties, hotels, and retail space as well as residential units — he addressed the value of condominiums during his guest appearance on Fox Business News on Nov. 4, 2014. “Things you live in might not be an investment,” Frydman said. “But if you’re thinking about it as an investment, condos fell less as a percentage than houses from the top of the market to the trough in 2009, and have recovered faster from the trough of the market in 2009 to today, by between 6 and 10 percent in major cities… it might surprise most Americans, but buying a condo actually was a better investment play than buying a house.”
September 3rd, 2016
Launched in 1994, “The oldest continuously operating real estate website,” CityRealty.com has reported that 92 condo projects with roughly 8,000 new apartments are currently under construction or proposed. A graphic on CityRealty.com shows that condos at new developments will climb from $4.1 billion in sales in 2014 to $8.4 billion this year and $10.3 billion in 2018. The website credited higher price points as the main reason for the “upward trajectory” to what CityRealty called “a level not seen since last decade’s boom cycle.”
September 2nd, 2016
Property expert and consultant Jacob Frydman, who earned his reputation as one of the nation’s leading analysts of trends in both the New York City and national real estate markets, has recently offered his deeply knowledgeable response to CityRealty’s projection that condominium sales at new developments in Manhattan will exceed $10 billion by 2018. Recognized as a thought-leader in his field, he has been a guest lecturer on real estate finance at Columbia University and in the Master’s Lecturer series sponsored by New York Law School, and has been interviewed numerous times on Bloomberg TV, Fox Business News, CNBC and other television networks.
September 1st, 2016
Jacob Frydman is a graduate of Boston University (B.S., Finance) and Case Western Reserve University School of Law (Juris Doctor). He has renovated over 5 million square feet into urban retail outlets, medical office buildings, financial center offices, and assisted living facilities over the course of his 30 year career. As a recognized property investment expert, Mr. Frydman is often a featured contributor and panelist at industry seminars speaking on complex acquisitions and transactions, guest lecturer on real estate finance at Columbia University, and in the Master’s Lecturer series sponsored by New York Law School. He frequently appears on television programs including CNBC, Bloomberg TV, FOX News, and others to discuss trends in commercial real estate.
August 31st, 2016
For investors, Jacob Frydman suggests with U.S. interest rates still near a historic low, the borrowing landscape is attractive. Considering the high demand and short supply in the commercial and industrial market, he recommends doing your due diligence.
August 30th, 2016
The competition from growing tech companies is increasing, says Jacob Frydman, with landlords eager to make the switch as they see the price per square foot more than quadruple for office locations. On the other hand, according to a report from CBRE, a real estate services firm, rents for logistics centers saw an astounding year-over-year 5.6 percent increase. With e-commerce expanding and start-ups locating in urban areas, Frydman notes housing for employees is also in high demand. Millennial’s typically choose to live close to work, therefore, multi-family conversions are tapping the available supply of office, production, warehouse, or distribution facilities. In addition to the East Coast, this trend is occurring in markets across the country, especially San Francisco — which is experiencing the strongest demand for office space in America.
August 29th, 2016
According to Jacob Frydman, this emerging trend is also confirmed in the release of the July Beige Book by the U.S. Federal Reserve Board, “Industrial real estate markets strengthened further — particularly across the New York City metro region — with asking rents continuing to climb briskly and vacancy rates falling to their lowest levels since before the recession.” Frydman notes, as a result, retailers and third-party logistics operators, which prefer to be located in cities, are being forced to look at northern and central New Jersey and Long Island as distribution hubs. Additionally, less than half the anticipated demand for industrial space is under construction in the region.
August 28th, 2016
Jacob Frydman, real estate developer and private equities expert, explains that the underlying cause of the high demand and lack of supply of commercial properties in the New York City area and other major cities across the U.S. is due to extreme competition for virtually any type of site that can be used or converted for technology companies or multi-family condos. These properties are being purchased as soon as they come on the market, leaving industrial tenants paying higher rents or expanding their searches to neighboring boroughs and states, as reported by a recent article in National Real Estate Investor.
August 27th, 2016
Jacob Frydman has over 30 years of experience in structuring, financing and executing highly complex real estate transactions, valued at more than $2 billion. Notable achievements of his career include Two Dag Hammarskjöld Plaza, an office tower in midtown Manhattan used by foreign governments for their missions to the United Nations, and redeveloping the Aetna Building in lower Manhattan’s financial district. Frydman has been a guest lecturer on real estate finance at Columbia University and in the Master’s Lecturer series sponsored by New York Law School. An avid philanthropist, he is a firm supporter of Chabad of Dutchess County, the Brem Foundation to Defeat Breast Cancer, and other organizations. He generously dedicates much of his time and capital to programs aimed at helping people in struggling communities, and is proud to have recently joined the National Committee for Furtherance of Jewish Education (NCFJE) in support of its Released Time program of Greater New York.
August 26th, 2016
An additional challenge facing CRE analysts is that the industry is becoming more globalized. The firm CBRE Research estimates that investments valued at $9.0 billion and $9.4 billion, from China and the Middle East respectively, were made into the U.S. commercial real estate market in 2015, and a similar volume is expected this year. This movement of capital coincides with a recent change in U.S. tax laws that will give qualified foreign pension plans more favorable tax treatments for investing in Real Estate Investment Trusts. Jacob Frydman, retired from his role as CEO of a public Real Estate Investment Trust, is better positioned than most to analyze these developments, especially as the CRE industry changes rapidly and becomes increasingly complex.
August 25th, 2016
Jacob Frydman, like the majority of experts, believes that the recent influx of technology will impact commercial real estate (CRE) in a positive way. He notes that CRE technology firms will undoubtedly have an impact on four areas of the industry: leasing data and workflow platforms, “open source” data exchanges, advanced analytics platforms, and online marketplace solutions. In a Forbes Insights survey of 201 senior executives at CRE firms, 55 percent agreed that technology is revolutionizing their industry. Half of the respondents said they are already benefiting from the latest CRE-focused technology, yet only 11 percent rated themselves as “leading edge” in the area of implementing that technology. The survey was conducted between February 12 and March 14 of this year.
August 24th, 2016
Property expert and consultant Jacob Frydman is widely recognized as one of the nation’s leading analysts of trends in both the New York City and national real estate markets. As a thought-leader in his field, he has appeared as a guest numerous times on Bloomberg TV, Fox Business News, CNBC and other television networks, and is often asked to identify attractive investment opportunities during those interviews. He sees the current trend as upward in commercial real estate, where the optimism is being fueled by industry-focused technology and large amounts of investment from outside the United States.
August 23rd, 2016
A renowned expert on value added investments, Jacob Frydman has acquired over five million square feet of real estate, with transactions of up to $2 billion, during the course of his 30-year career. He has served as a CEO, Chairman, and CIO of First Capital Real Estate Trust, a guest lecturer at Columbia University, and a television show producer. Finance graduate of Boston University and Juris Doctor recipient of Case Western Reserve University School of Law, Frydman often participates as a speaker and panelist at numerous industry seminars and on Fox Business, CNBC, Bloomberg Television and other news media, where he speaks on matters relating to property investments and trends in real estate. Having retired from his role as a CEO of a public REIT in 2015, Frydman seeks out special situations where he can enhance a property’s value, which he undertakes alone or at times with partners.
August 22nd, 2016
Frydman points out that despite these uncertainties, there is still a greater demand for prime real estate than there is a ready supply, and a study by Dr. Martha Peyton and Dr. Edward F. Pierzak of TIAA-CREF seems to back this up. “Despite moderating total return expectations,” the report’s conclusion reads, “Real estate performance is expected to remain attractive compared to other asset classes and real estate should remain an important part of investors’ multi-asset class portfolios.” Jacob Frydman also cautions potential investors to choose the right options. He believes that the United States is too heavily focused on retail real estate, and the transfer of consumer traffic from brick-and-mortar stores to online retailers provides opportunities in industrial real estate, specifically distribution centers.
August 21st, 2016
A survey done recently by CIT Group shows that many executives in CRE-focused companies are concerned about the future of the real estate market, and that worry is strongly tied to factors including interest rates, unemployment, and the Federal Reserve’s Federal Fund Rates. The latter two can heavily affect the former, according to Frydman, “In this economic environment, enough pressure has been built to warrant worry about increased inflation. It is not a question of if inflation will increase, but when. The Fed understands it will need to raise the Federal Funds Rate in the near future. Low rates will not linger much longer.” Jacob Frydman has been cautioning of these developments for quite a while, and it would seem that his predictions may soon come to pass. However, Frydman has also repeatedly expressed his confidence in the real estate market and its ability to bounce back from downturns. “…These markets are, in fact, always cyclical,” he told Fox Business News, “…we will go through the downs of the market…the ups of the market, the greed of the market, and the heights of the market.”
August 20th, 2016
Described as a top real estate investment expert by the press, Jacob Frydman has been an advisor in all things CRE (commercial real estate) on the U.S. East Coast for over 30 years. Because of his vast knowledge and experience, he’s regularly called in by pundits to better explain developments in the CRE sector to the public. As a consultant, he has been analyzing the market to predict the unexpected courses it might take. For the past few years, through media appearances and interviews he has forecast on the inevitable rise of interest rates and their effect on the CRE market.
August 19th, 2016
Jacob Frydman is a New York-based property expert and consultant who has worked in the CRE industry for over a quarter of a century. During this time, he has executed several complex real estate transactions including Two Dag Hammarskjold Plaza and the Aetna Building in lower Manhattan’s financial district. He frequently appears on television programs such as Fox News, Bloomberg TV, CNBC and others to discuss trends in commercial real estate market. An avid philanthropist, Frydman devotes much of his time and capital to various organizations including Chabad of Dutchess County and the Brem Foundation.
August 18th, 2016
The majority of experts, including Jacob Frydman, believe that the influx of technology will impact the industry in a positive way. Among the findings of a recent Forbes Insight report, which surveyed more than 200 real estate executives, the majority of respondents said they see solid prospects for the sector, with 52 percent saying they believe that their segment of the market is either strong or very strong, and 71 percent noting that adequate capital is available for investment.
August 17th, 2016
More importantly, this change is welcomed. In fact, CRE technology firms received more than $90 million capital investment in just the first half of 2015, according to a 2015 mid-year report. These companies will undoubtedly have an impact on four areas: leasing data and workflow platforms, “open source” data exchanges, advanced analytics platforms, and online marketplace solutions. Unsurprisingly, the influx of tech companies in the CRE market has already reshaped the industry in many ways. A shift from outdated systems changes the way real estate executives navigate, making them more efficient and, in return, boosting competition. As a result, there’s been a greater emphasis on better tools and visibility as well as an increased mobility in the industry overall, as noted by a recent Forbes article. The last two or three years have brought in a wave of CRE mobile apps that enable executives to make effective, quick and timely decisions. If mobile technology keeps advancing at this rate, CRE professionals may be able to run their entire leasing business from anywhere in the world at any time.
August 16th, 2016
Technology has dramatically transformed nearly every trade, and it was only a matter of time before it started reshaping the commercial real estate (CRE) industry. Jacob Frydman, who is a recognized thought-leader in this field, is optimistic about the state of the market in 2016. CRE tech companies are already replacing archaic tools of the real estate trade, resulting in many executives tossing aside their excel sheets and 20-year-old tech platforms for modern, more efficient software. In addition to changing the way people invest and fundraise, this new technology is revitalizing the industry, turning real estate players into enthusiastic investors.
August 15th, 2016
Jacob Frydman, a philanthropist and renowned expert on real estate development, will discuss the current trends and outlook for the U.S. Real Estate industry since the arrival of commercial real estate (CRE) tech companies. For more than 30 years, Frydman has been executing and participating in highly complex real estate transactions, valued at over $2 billion, while observing emerging trends in the market.
August 14th, 2016
Over his 30-year career, Jacob Frydman made a lasting impression with the property investment industry. Through his vast experience in structuring, financing, and executing highly complex real estate transactions, he has acquired over five million square feet of American property and has participated in investments valued at over $2 billion. He often speaks at Columbia University and in the Master’s Lecturer series at New York Law School, discussing business, law, and ethical elements of real estate management to aspiring students. Frydman is an avid philanthropist, who cares greatly for his Jewish community, and supports many other charitable committees, including The Chabad of Dutchess County and The Brem Foundation, which focuses on the eradication of breast cancer among women and men in the Washington DC metropolitan area.
August 13th, 2016
A primary example that corporate retailers will be watching closely is Amazon, already a giant in the online retail space. In the fall, it opened a physical bookstore in Seattle and will likely continue to open dozens more in a variety of markets as it tests this model. Amazon may drive other stores to adopt this same model of physical showroom that complements the digital fulfillment space. However, for some stores like Sears, JCPenney and Kmart, the struggle for a share of the U.S. business continues, and it may be too late for some companies to shift gears. American consumers will continue to see closures among corporate giants that were once household names for some time to come.
August 12th, 2016
Jacob Frydman notes that without attention to technology, retail will likely experience continued stress from the shifting demands of customers who increasingly prefer to shop online. For example, during the 2015 Black Friday shopping weekend, online purchases outperformed in-store purchases for the first time ever, signaling a new trend in consumer behavior during the busiest shopping season of the year. But people are not yet ready to give up physical locations for browsing, socializing or comparison shopping.
August 11th, 2016
According to Reis, Inc, a company that provides reliable real estate market data, healthier neighborhoods and community retail centers are closely connected to how diversified its markets are. Right now food and beverage retailers lead in sales, with luxury and business following close behind, and then mid-range fashion in third place. Reis also points to the technology of retail chains making an impact on the market. Analysts predict that retailers who can hold onto their profits and even expand their businesses will be those who can adapt to customers’ desire for seamless in-store and online shopping experiences.
August 10th, 2016
Jacob Frydman, a native New Yorker and real estate expert, observes that the U.S. retail property market landscape in 2016 appears much like the market in 2015, with a number of key aspects for investors to be aware of. U.S. retailers seem to be expanding internationally at a faster pace than in recent years; however, while they are gaining “brick-and-mortar” locations abroad, the reverse does not hold true, as the American retail market is often too expensive and competitive for international retailers to do well. Among American-owned companies, the physical retail market is much more closely tied to how well they have managed to attract buyers in a virtual space.
August 9th, 2016
Over his 30-year career in the property investment industry, Jacob Frydman made a positive and lasting impression along the East Coast. Through his various acquisitions and housing development projects, he has renovated over 5 million square feet of American property by building urban retail outlets, medical office buildings, financial center offices, and assisted living facilities. He often speaks at Columbia University and in the Master’s Lecturer series at New York Law School, discussing the business and ethical elements of real estate managers to aspiring students. Frydman is an avid philanthropist, often donating much time and capital to organizations that require financial and emotional assistance. He cares greatly for his Jewish community within New York, and is a supporter of many other charitable committees, including The Chabad of Dutchess County and The Brem Foundation.
August 8th, 2016
Frydman’s philanthropy reflects his commitment to the Jewish community and the faith’s ancient traditions. In addition to contributing to the NCFJE’s Ma’ot Chitim Fund, he has also donated to the Toys for Hospitalized Children program and worked alongside the Released Time program, which allows Jewish children to leave school early one day a week to study Jewish traditions. These programs work together to strengthen the Jewish community now and for future generations.
August 7th, 2016
The major Jewish spring festival of Passover is a time for spiritual reflection among families. The ritual meal is a centerpiece of the holiday, while a new garment for each year’s holiday is the long-lived tradition. During this year’s festival, through the generous giving of other donors likeJacob Frydman, the NCFJE is pleased to be able to deliver over 3000 pounds of shmurah matzah, 100 cases of wine, and 100 Macy’s gift cards to the underserved families of the NYC community. While by partnering with local children’s clothing stores, they were able to obtain clothing vouchers to include in the holiday packages. The organization has already helped over 600, mostly Russian, families around the New York City area by providing them with the special Passover packages of shmurah matzah, wine, grape juice, and clothing vouchers. Over the next few days, another 600 families will be gifted, while 30 families have already received their Macy’s cards.
August 6th, 2016
NCFJE is dedicated to providing fast, discreet, and dignified services to all sectors of the Jewish community. Since 1940, its many programs have been offering protection, food, and education to thousands around the nation. Chabad-Lubavitch, the Hasidic movement known for outreach to the community in the spirit of brotherly love, is the principal on which NCFJE was founded. Among the variety of educational and social services offered by the NCFJE, there are programs built around the holidays, including Passover, aimed at ensuring that the financially struggling Jewish families in the community are able to properly enjoy the essential holiday traditions and festivities.
August 5th, 2016
Property investor Jacob Frydman, whose career spans 30 years in value-added real estate investments, has joined the National Committee for Furtherance of Jewish Education (NCFJE) in their efforts to offer hundreds of underprivileged families in the New York metro area to take part in Passover Seder. Frydman believes that the centuries-old practice of giving to “the wheat fund,” or Ma’ot Chitim, which exists to provide low-income families with matzah and other gifts during Passover, is an important responsibility for those who are able to help the less fortunate and feels honored to be able to participate in this special Mitzvah.
August 4th, 2016
Having retired from his role as the CEO of a public Real Estate Investment Trust, Jacob Frydmancontinues to share his expertise in a consultancy service to developers and other businessmen within the industry, where he advises on highly complex special situations where he can enhance a property’s value, undertaking it alone or at times with partners. A long-standing philanthropist, Frydman is also a firm supporter of the Washington DC’s Brem Foundation, helping women in struggling communities at risk of developing breast cancer, and has served as a member of the Board of Directors of the Bardavon Opera House, home of the Hudson Valley Philharmonic.
August 3rd, 2016
A native New Yorker, Jacob Frydman received a Bachelor of Science degree in Finance from Boston University and his Juris Doctor degree from Case Western Reserve University School of Law. During his 30-year career in the real estate industry, he acquired over five million square feet of property on the east coast of the United States and took part in procurement and development transactions valued at over $2 billion. His notable real estate projects include Two Dag Hammarskjöld Plaza in midtown Manhattan, which he re-developed, together with his long-time partner, Mitch Rutter, into a commercial condominium solely for foreign governments as their missions to the UN. They also redeveloped the Aetna Building in lower Manhattan, and the DHL center in midtown Manhattan. In 1998 Frydman purchased the NBC New York television studios from General Electric, and from 1998 through 2010 he produced the log-running TV soap opera, “As The World Turns”, together with Proctor & Gamble.
August 2nd, 2016
One project that Frydman has been consistently involved with at the Center is the Toys for Hospitalized Childreninitiative. This program distributes toys and gifts every year to hospitals, seniors residences, and special needs facilities. More than 25,000 are distributed annually in the tri-state area. The center’s founders, Rabbi Hanoch and Tzivie Hecht, have expressed their gratitude for Jacob Frydman’s unwavering support, which has allowed their initiative to reach out to more children. Rabbi Hecht, who personally met Frydman seven years ago, speaks very highly of the property investment expert, “When you meet him, he gives off a very strong New York businessman feel, but any word he has ever given he has kept 100 percent. I truly appreciate Jacob’s friendship.” The center also encourages giving to underprivileged families at the time of Passover and support for theOrphan, Poor and Sick Fund, another longstanding program started by the National Committee for Furtherance of Jewish Education (NCFJE). The fund assists struggling families from across the metropolitan New York area with grocery and clothing vouchers, and help with paying utility bills. Avid supporter of the center’s numerous giving programs, Frydman has also participated in co-hosting of a gala in October 2014 given by the Hudson Valley Community Center in Poughkeepsie for the Jewish Community Center of Dutchess County Board.
August 1st, 2016
The Rhinebeck Jewish Center, located in the village of Rhinebeck, NY, was founded in 2007 with the purpose of strengthening the awareness and observance of Judaism, and acting as a spiritual and educational support system for the Jewish community. The center offers faith-based programs including adult education classes, pastoral care, and youth activities, as well as provides a home away from home for Jewish college students.
July 31st, 2016
Successful real estate and private equity investorJacob Frydman continues to dedicate his time and capital to New York’s Chabad of Dutchess County and The Rhinebeck Jewish Center, where he has remained an active member for years. Following a life-long career in property development and acquisition, a passion which began in high school when he made his first real estate investment, Frydman has been recently giving more of his energy to supporting local charitable organizations, following his retirement as CEO of a public Real Estate Investment Trust. Through the compassionate and proactive philosophy of the Rhinebeck Jewish Center, Frydman finds a powerful way to help those in need and to uplift the community spirit.
July 30th, 2016
A renowned expert on value added investments, Jacob Frydman has served as a long-standing member of the Board of Directors of the Bardavon Opera House, home of the Hudson Valley Philharmonic. Since his retirement as the CEO of a public Real Estate Investment Trust in September 2015, he continued on as the Chief Investment Officer of the First Capital Real Estate Trust and devotes much of his time to various philanthropic endeavors. Frydman is a respected contributor at numerous industry seminars and events, serving as a panelist and speaker to address matters related to property investment. He has appeared as guest lecturer at Columbia University, addressing real estate finance, and has participated in New York Law School’s Master’s Lecturer series. As a thought leader in his field, Frydman has often appeared on news television networks such as Bloomberg TV, FOX News, and CNBC, discussing trends in the commercial real estate.
July 29th, 2016
Having acquired over five million square feet of real estate throughout the east coast of the United States, Frydman has participated in billions of dollars in notable property transactions, including Two Dag Hammarskjold Plaza, an important property for foreign governments for their missions to the United Nations; the redevelopment of lower Manhattan’s Aetna Building; the acquisition of the unfinished Global Crossing New York headquarters from Goldman Sachs; the purchase of NBC’s New York television studios from General Electric; and the redevelopment of 500 Tenth Avenue in Manhattan into the DHL Center.
July 28th, 2016
In his active support for the NCFJE and Chabad of Dutchess County, Jacob Frydman has contributed time and capital to efforts that help feed the less-fortunate families during the Passover holiday. He has worked with the Toys for Hospitalized Children program and has supported the Released Time program, which reaches out to Jewish youngsters in public schools and exposes them to the Jewish heritage and religion once a week for the last hour of school. His commitment and support of these initiatives are a reflection on Frydman’s deep and caring involvement within his community and for his fellows.
July 27th, 2016
Located in Rhinebeck, NY, Chabad Dutchess and The Rhinebeck Jewish Center hosts many Jewish festive traditions such as Shabbat, applying Tefillin, keeping mitzvahs, and performing Kaddish. It is also a resource for the Jewish community with availability of counseling and guidance in parenting, health and wellness, relationships and a host of other services, all within the framework of religious life. “I first met Jacob seven years ago,” explains Rabbi Hanoch Hecht, of Chabad of Dutchess County. “When you meet him, he gives off a very strong feel of a New York City professional. Each time he has given his word, he has kept it 100 percent. He remains a dedicated member of the Rhinebeck Jewish community, and I truly appreciate his friendship, availability, and advice.”
July 26th, 2016
Real estate mogul Jacob Frydman continues his support of the Chabad of Dutchess County, in efforts to preserve Judaic traditions among young people of New York. The real estate developer spent most of his 30 year-career focusing on value-added investments, capitalizing on his superior proficiency in structuring, financing, and executing highly complex property transactions.
July 25th, 2016
Jacob Frydman has built a successful 30-year career in real estate investments and development. A Boston University graduate with a Bachelors of Science in Finance, and a Juris Doctor degree from Case Western Reserve University School of Law. Frydman left his mark throughout the United States by developing over five million square feet of commercial properties. As an innovator in the property investment market, he often lends his insight as a speaker, panelist, and consultant at industry events and televised news broadcasts. Frydman is an avid humanitarian dedicated to a wide range of charitable organizations. In addition to the NCFJE, he also contributes to The Brem Foundation and The Chabad of Duchess County.
July 24th, 2016
Frydman has also worked alongside the organization’s Toys for Hospitalized Children initiative, directed by Mrs. Baila Hecht. This 50-year-old NCFJE project services numerous hospitals, senior residences and special needs facilities as it collects and distributes over 10,000 toys and gifts to young patients each year. As an active contributor to the Toys for Hospitalized Children,Frydman helps families across New York and New Jersey, while assisting NCFJE participants develop deep, sustainable roots within their Judaic faith.
July 23rd, 2016
Jacob Frydman has personally participated in several NCFJE charities, including its Released Time Program and Toys for Hospitalized Children project. The Released Time Program teaches Jewish students about their distinctive heritage through exposure to prayers, traditions, and the Torah. Frydman, a long-time educational activist who founded a scholarship fund in 2013, supports the Released Time Program’s goal of using synagogues to teach modern-day public school children to embrace Judaism. The program works in joint with NYC public schools, offering Jewish classes for the students once a week in the last hour of school at a Jewish center nearby.
July 22nd, 2016
Founded in 1940 by Rabbi Yosef Yitzchok Schneerson, the NCFJE assists Jewish participants through meal programs and educational initiatives. During its 76 years of operation, the NCFJE has served thousands as a means of promoting humanitarianism. “I have had the privilege of working with the NCFJE for the past several years,” Frydman said. “I have seen firsthand the impact this group has made throughout New York’s Jewish community and am looking forward to attending this year’s annual dinner to celebrate everything this uplifting organization offers.”
July 21st, 2016
New York real estate mogul and private equities expert Jacob Frydman has announced plans to attend the National Committee for Furtherance of Jewish Education’s (NCFJE) 76th annual awards dinner. This gala celebrates the NCFJE’s many achievements and volunteers making a positive impact within the local and national Jewish community.
July 20th, 2016
Over his 30-year career, Jacob Frydman made a positive and lasting impression with the real estate investment industry. Through his vast experience in structuring, financing, and executing highly complex real estate transactions, he has acquired over five million square feet of American property and has participated in investments valued at over $2 billion. He often speaks at Columbia University and in the Master’s Lecturer series at New York Law School, discussing business, law, and ethical elements of real estate management to aspiring students. Frydman is an avid philanthropist, who cares greatly for his Jewish community, and supports many other charitable committees, including The Chabad of Dutchess County and The Brem Foundation, which focuses on the eradication of breast cancer among women and men in the Washington DC metropolitan area.
July 19th, 2016
Jacob Frydman understands the importance of reaching out to young people and believes it is imperative that children within the Released Time program, who come from households that experience a range of economic and social hardships, are nurtured just as attentively as any other. Not a stranger to making a difference in the lives of the new generation, in 2013 Jacob founded a scholarship fund, helping countless American students gain access to higher education and inspiring them to reach their full potential. The program awarded $100,000, over three years, to students who best answered the question, “How Do I Invest in My Future?”
July 18th, 2016
The Released Time program helps Jewish youth in public schools by educating them about the history, customs, and prayers of Judaism. Since its creation in 1941, NCFJE’s initiative has inspired more than a quarter of a million Jewish boys and girls in New York City, Rockland County, Long Island, Massachusetts, New Jersey, New England, Ohio, Pennsylvania and California to discover the history of their heritage. The program has expanded and now services more than 125 sites in the New York City area. Throughout the year, each Wednesday afternoon during the last hour of school, dedicated instructors instill the joy of Judaism and create a warm atmosphere of religion and acceptance for over 900 students currently enrolled in the program. The classes are available at every public school in New York, free of charge. Rabbi Hanoch Hecht of The Rhinebeck Jewish Center was the one who introduced Frydman to this initiative and continues to praise Frydman for his sustained commitment and the work he is doing for the community.
July 17th, 2016
Jacob Frydman, a native New Yorker and real estate expert, is proud to have recently joined theNational Committee for Furtherance of Jewish Education (NCFJE) in support of its Released Time program of Greater New York. Devoted to his Jewish heritage and continuing his philanthropic efforts, Frydman dedicates much of his time and capital to various organizations and programs aimed at helping people in struggling communities.
July 16th, 2016
A renowned expert on value added investments, Jacob Frydman has made a positive and lasting impact over his 30-year career in the real estate acquisition and development industries. As a recognized leader in his field, Jacob has served as a contributor and panelist at numerous industry seminars, speaking on aspects of property investments. He has been a guest lecturer on real estate finance at Columbia University, and in the Master’s Lecturer series sponsored by New York Law School. His television appearances include CNBC, Bloomberg TV, FOX News, and others, where he discusses trends in commercial real estate and provides his invaluable expertise. Frydman has served as a member of the Board of Directors of the Bardavon Opera House, home of the Hudson Valley Philharmonic and is also an avid philanthropist, often donating his time and capital to various charitable endeavors. He is a firm supporter of organizations such as Chabad of Dutchess County and The Brem Foundation of Washington DC.
July 15th, 2016
Toys for Hospitalized Children is also helping children learn how easy and fulfilling it is to reach out to help others who are less fortunate. The young volunteers of the program gather to wrap toys, and when possible, visit the recipients to offer the gifts personally. During his years of active involvement in Toys for Hospitalized Children, Jacob Frydman has witnessed on numerous occasions how an unexpected gift uplifts a hospitalized child, senior, or special needs adult by letting them know they are not forgotten. This simple gesture sends a message of compassion and hope to patients and family members that leaves a lasting sense of community spirit in all who participate.
July 14th, 2016
Located in Brooklyn, NY, NCFJE is a multi-faceted charity founded in 1940 by Rabbi Yosef Yitzchok Schneerson dedicated to protecting, feeding, and educating thousands throughout the New York metro area. Today, the NCFJE has several programs under the leadership of Rabbi Jacob Hecht with the objective of providing fast, discreet, and dignified service to all sectors of the Jewish community. Under the direction of Program Director, Mrs. Baila Hecht, the organization’s roster of initiatives includes Toys for Hospitalized Children, which sends over 10,000 toys and gifts annually to numerous hospitals, senior residences, and special needs facilities. For more than 50 years, these gifts have brought joy and smiles to those that need it most, and Jacob Frydman is pleased to be able to give back to the community through this meaningful and impactful program.
July 13th, 2016
Jacob Frydman, New York real estate investor and philanthropist, will participate in the National Committee for Furtherance of Jewish Education’sToys for Hospitalized Children program. Mr. Frydman’s generous commitment and support for the NCFJE’s initiative will help provide toys, gifts, and smiles to children in need.
July 12th, 2016
A renowned expert on value added investments, Jacob Frydman has over 30 years of experience in structuring, financing, and executing highly complex real estate transactions with notable transactions including midtown Manhattan’s Two Dag Hammarskjöld Plaza and lower Manhattan’s Aetna Building. Prior to his retirement in September 2015, Frydman was the CEO and Chairman of a public Real Estate Investment Trust. After his retirement as CEO, he continued on as the Chief Investment Officer of the First Capital Real Estate Trust. Frydman is a graduate of Boston University, where he received his Bachelor’s degree in Finance and Case Western Reserve University School of Law, where he received his Juris Doctor. Mr. Frydman often participates as a speaker and panelist at numerous industry seminars and on Fox Business, CNBC, Bloomberg Television and other news media, where he speaks on matters relating to property investments and trends in real estate. In addition to his support for the Brem Foundation to Defeat Breast Cancer, Frydman also devotes time and capital to organizations such as the Chabad of Dutchess County and served as a member of the Board of Directors of the Bardavon Opera House, home to the Hudson Valley Philharmonic.
July 11th, 2016
Frydman’s support of the Brem Foundation’s work in underserved communities is rooted in part by his experiences growing up in Northern New Jersey, where Frydman saw firsthand the disparities between communities that had financial resources and those that did not. “I greatly admire Dr. Brem’s work in delivering healthcare to women who might otherwise be denied access to basic screening services,” he declares.
July 10th, 2016
In addition to education provided by the Brem Foundation through its outreach programs, the organization is also devoted to delivering access to those who need it. The foundation’s B-Fund pays for women who cannot afford critical diagnostic tests, while its “Mammovan” brings mobile mammography to the uninsured and underinsured residents of Northern Virginia as well as Montgomery and Prince Georges Counties of Maryland. “While breast cancer may not be preventable, with early diagnosis and treatment, survival rates skyrocket,” states Frydman, citing NCI statistics revealing a 98.6 percent five-year survival rate for those whose cancer is localized. “The Brem Foundation’s mobile mammography is a critical piece of the survivability puzzle,” he adds.
July 9th, 2016
Generous contributions from donors like Jacob Frydman support the Brem Foundation’s community outreach programs, breast radiologist fellowships, and research in advanced diagnostic technologies. Recognizing the importance of the organization’s fight against the disease, Frydman points to the National Cancer Institute’s findings that in 2015, there were more than 230,000 new cases of breast cancer in the United States and more than 12 percent of women will be diagnosed with the disease in their lifetime.
July 8th, 2016
Commercial real estate developer and philanthropist Jacob Frydman has been an avid supporter of the Brem Foundation and its comprehensive approach to early-detection through education, access, and physician training. Inspired by Dr. Rachel Brem, who directs The Breast Imaging and Intervention Center at The GW Medical Faculty Associates, the Brem Foundation is dedicated to helping women understand the risks and options associated with breast cancer. It also provides free breast cancer screenings for the underserved communities within the Washington DC metropolitan area.