News: Brokerage

Rudin appoints Patel as senior vice president, head of commercial office

Mehul Patel

Manhattan, NY According to Rudin, a full-service real estate organization and one of New York City’s largest private owners, operators and developers, Mehul Patel has joined the company as senior vice president, head of commercial office.

In this newly-created position, Patel will oversee all disciplines related to Rudin’s 10.5 million s/f commercial office portfolio. Among his many responsibilities, Patel will supervise asset management, property management, development, leasing and marketing, as well as operational and capital expenditures across Rudin’s 16 commercial buildings.

Patel comes to Rudin from Midtown Equities, where he most recently served as COO. In this capacity, he led deal execution for development, leasing and asset management across the firm’s portfolio and investment pipeline. He also previously served as COO at Midwood Investment & Development.

In addition to his private sector accomplishments, Patel spent seven-and-a-half years shaping major economic development initiatives, first as vice president of the Moynihan Station Development Corporation and then as COO & chief of staff at Empire State Development.

“We are thrilled to welcome Mehul to the Rudin team,” said Michael Rudin, executive vice president at Rudin. “Throughout his career, Mehul has demonstrated a great understanding and ability to invest wisely in dynamic environments designed to attract and inspire New Yorkers. We look forward to Mehul putting his expertise to work across our commercial portfolio.”

Patel said, “I’m excited to join Rudin, a company and family that’s known for its dedication to the business community and synonymous with the advancement of New York City. I look forward to working with the entire Rudin team on their world-class commercial portfolio.”

Patel currently serves on the Board of the Coro New York Leadership Center and is a trustee of the Urban Land Institute, which previously recognized him with their Global 40 Under 40 award. He also serves as a director on the Lower Manhattan Development Corporation and is an Adjunct Professor at Columbia University teaching Public Private Partnerships in Real Estate Development. He holds a Master of Science in Real Estate Development from Columbia University and a Bachelor of Arts in Architecture and Urban Studies from Yale University.

MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking