The New Class of Commercial Real Estate's Rising Stars

In some ways the New York City retail scene is grappling with the same issues that have been bedeviling the industry nationally. In others ways, the city's uniqueness makes it a story unto itself.

Barrack has reassumed the position he had when he founded Colony as a private company in 1991, and held until 2014 when Colony merged into Colony Financial, Inc.

The 206,200 square foot building traded for $40.8 million, according to published reports.