A robust US economy is strengthening the fundamentals of the country’s office market, according to Chairman and CEO of Frydco Capital Group, Jacob Frydman. The real estate investment expert discussed the sector’s continued improvement across the third quarter of 2018, in which absorption (a measurement of the net change of the supply of commercial space) reached 22.7 million square feet, vacancy remained stable at 10.1 percent, and average rent increased by 4.0 percent annually.
Jacob Frydman is the Chairman and CEO of Frydco Capital Group, a private family office, through which he invests in real estate and private equity opportunities. He has more than 30 years of experience in structuring, financing, and executing highly complex real estate transactions, having acquired over five million square feet of existing and to-be-developed real estate located throughout the US and has participated in transactions valued at over $2 billion over the course of his career. Jacob Frydman’s notable acquisitions include the Two Dag Hammarskjold Plaza, the Aetna Building in Manhattan’s Financial District, the unfinished Global Crossing New York headquarters, and the NBC New York television studios.
Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman
Jacob Frydman – Huffington Post: