Andrew Migdon
Executive Vice President
Chief Legal Officer
Rudin Management
Rudin Management NYC portfolio
$5.9 billion -office 79%, elevator 18%, hotel 1%; Manhattan 99%*
26th largest portfolio by dollar value
10,477,369 sqft – office 66%, elevator 30%, hotel 2%; Manhattan 100%
30th largest by SF
26 properties – Manhattan 100%
391th largest
2,074 residential units – Manhattan 100%
157th largest by residential units
0 foreclosures, 0 bankruptcies, 3 other court cases.
Person Activity past 24 months:
Seller signatory: 1 for $160 million
Borrower signatory: 1 for $140 million
Developer (new building or major alteration): 1 for 0 square feet
Top Ten Associated Companies:
JPMorgan Chase (2), State Farm Mutual Automobile Insurance Company (2), Bushburg Properties (1), M&T Bank (1), PGIM Real Estate (1), Silverstein Properties (1), Metro Loft Management (1)
Top Ten Associated People:
Leart Saliu (2), Mark J. Cavanaugh (2), Matthew D. Melick (2), Abraham J. Hoffman (1), Adam Wagonseller (1), Mark Kramer (1), Michael Levy (1), Nathan Berman (1)
Recent activity as signatory:
• Rudin Management borrowed $140 million from PGIM Real Estate for 40 East 26 Street on June 11, 2026.
• Rudin Management sold 134 Maiden Lane for $160 million to Bushburg Properties on September 06, 2024.
• Rudin Management borrowed $100 million from JPMorgan Chase for 47 East 51 Street on October 27, 2023.
• Rudin Management sold 49 Beaver Street for $172.5 million to Silverstein Properties and Metro Loft Management on July 28, 2023.
• Rudin Management borrowed $55 million from M&T Bank for 121 East 50 Street on November 22, 2022.
• Rudin Management borrowed $40 million from State Farm Mutual Automobile Insurance Company for 241 Central Park West on July 13, 2022.
• Rudin Management borrowed $30 million from State Farm Mutual Automobile Insurance Company for 1297 2 Avenue on July 13, 2022.
• Rudin Management borrowed $395 million from JPMorgan Chase for 1487 Broadway on June 10, 2022.
Latest Stories:
• Bushburg files plans for 500-unit FiDi conversion at former Rudin office tower (October 14, 2024)
• Bushburg pays $160M for 80 Pine, borrows $134M (September 18, 2024)
• Vornado pays $40M for office in Midtown East as part of 1.7M sf tower plan (June 26, 2023)
• Rudin Management signs $55M refi loan with M&T Bank for office in Midtown East (December 01, 2022)
• Rudin signs $30M refi with State Farm for 172-unit rental in Lenox Hill (August 08, 2022)
• Rudin signs $40M refi with State Farm for 241-unit rental facing Central Park (August 04, 2022)
• Rudin signs $395M senior loan for 3 Times Square, part of $415M rehab financing (June 29, 2022)