(New York, October 26, 2011) – In a move that strengthens the professional capabilities of its commercial leasing and asset management teams, The Moinian Group, one of the nation’s largest and most active owners and developers of office, residential and hotel property, announced the appointment of industry leader Gregg Weisser as Executive Managing Director and Director of leasing for the company’s commercial portfolio. Joseph Moinian, CEO of The Moinian Group, made the announcement.
In his new position, Mr. Weisser will be responsible for the coordination of all commercial and retail leasing efforts within the Moinian Group office portfolio, consisting of approximately 20 high-profile assets located in New York, Los Angeles, Dallas and Chicago. Mr. Weisser’s group includes four directors who have direct day-to-day responsibility for each asset and implement strategic initiatives driven by Mr. Weisser and the Moinian Group management team.
“We have successfully gone through an intense period of stabilization of the portfolio and are now in a period of value creation within the portfolio through aggressive, strategic asset management and leasing initiatives. Gregg Weisser is a terrific executive to develop and execute this campaign,” said Mr. Moinian. “Gregg’s experience, professionalism and the respect he commands in the industry will help us as we continue to elevate our game as owners and developers, and make sure we keep The Moinian Group in front of the brokerage and tenant communities as a great landlord with excellent assets.”
Over the past 20 years, Gregg Weisser has worked to optimize a portfolio of owned and leased properties for JP Morgan Chase Bank as a Vice President and Real Estate Director. His responsibilities included reflecting the changing needs of the business units and aligning the portfolio as a strategic asset. Weisser’s initiatives enhanced the company’s competitiveness and profitability by creating real estate-related business strategies through to implementation in support of corporate objectives. He managed a team of transactors, conducted benchmarking and best practice initiatives and performance metrics exercises and worked with business leaders to create superior business solutions. He sold over $1.5 billion in real estate, acquired over 1.7 million square feet of space across the Americas, lowered expenses and saved the company over $600 million in one-time benefits and over $39 million in ongoing run-rate reductions.
“I look forward to heading up the commercial leasing team at The Moinian Group, creating strategies to add value throughout the portfolio and making a commitment to the further professional development of our in-house team to keep us at the forefront of the industry,” said Mr. Weisser. “Our portfolio includes some of the premier office properties in the country and the company’s management team is dedicated to the long-term investment and improvement of these outstanding assets. I look forward to reintroducing these properties to the market with a focus on how each building can achieve its highest value.”
Prior to joining JP Morgan Chase bank, Weisser, a licensed real estate broker, was at the Cross & Brown Company, which became a subsidiary of Metropolitan Life Insurance Company. He represented the interests of tenants and landlords in the implementation of transactions throughout the Northeast.
Mr. Weisser is a graduate of the University of Denver and has earned his Masters in Corporate Real Estate (MCR) from the Institute for Real Estate Studies from Corenet Global, an association for real estate professionals. He has taught real estate courses at NYU and presents nationally at conferences about real estate and affiliated topics.
Mr. Weisser and his family reside in Riverdale, NY. He is a volunteer fireman with the Kismet Fire Department.