NEW YORK CITY—In conjunction with his former Vornado RealtyTrust colleague Eric Birnbaum, Michael Fascitelli has returned tothe New York City real estate scene, quietly working on aresidential development in Hudson Yards through a new investmentfirm, Imperial Companies, reports The RealDeal.
The move comes about one and a half years after Fascitelli leftVornado after close to 16 years with the REIT. Imperial was notavailable for comment at press time but during a recent interview,the Real Deal reports, Fascitelli said he was looking toget back into real estate with “value-added developmentopportunities.”
Imperial has opened an office on the 27th floor of 888 SeventhAve., the Vornado-owned office tower that also serves as the REIT'sheadquarters. The building is familiar territory for the two menwho worked closely during their time at Vornado.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
