Rudin Management appoints Nicholas Martin SVP of Commercial Strategy and External Affairs
NEW YORK: Rudin Management Company has elevated Nicholas Martin to Senior Vice President of Business Strategy and External Affairs, effective June 29.
Martin, whose promotion meant an extension of duties, reports to CEO Bill Rudin. In the newly created role, his responsibilities extended to marketing, strategic planning and business development.
Previously, Martin was Vice President of External and Government Affairs. Martin continues to manage external affairs for one of the city’s largest private real estate companies. It means managing the press, communications, government and community affairs.
The company’s portfolio includes 33 New York City buildings, totaling approximately 15 million square feet of commercial and residential buildings.
Martin said that in addition to communicating about the quality of the company’s properties, the Rudin brand aims to convey its historic commitment to communities and the quality of life of New York residents. He underlined how closely public issues are linked to real estate.
Prior to joining Rudin Management in January 2018, Martin started his career as Brooklyn Deputy Director for Michael Bloomberg’s New York City Hall campaign in 2009. Subsequently, he worked for US Senator Charles Schumer ( D-NY) for over six years, as Director of Intergovernmental Affairs, then Director of Policy and Economic Development.
Rudin sits on the advisory boards for the reopening of New York City and the state. So, as a priority, Martin focused on shaping the city’s narrative going beyond COVID-19.
“We have worked with external stakeholders on the broader economic recovery of New York City and New York State, ensuring that the incredible resilience and strength of the city, as well as the Rudin portfolio , are released publicly, ”Martin said.
Pushing aside the often-repeated description of residents fleeing to suburbs at the height of the pandemic, he continued to point out how since 2010, New York City has grown by more than 600,000 people.
Citing a report by Douglas Elliman, Martin noted that in Manhattan, tenants signed 7,656 new leases in July, up 55% year-on-year, and more than any other month in July since 2008. He has added that last month, with commercial real estate, tenants signed up for approximately 2.5 million square feet of leases.
Martin said Rudin Management’s portfolio also reflects increased demand this year. For example, in Midtown, Blackstone signed an 80,000 square foot lease extension, bringing its footprint to approximately 720,000 square feet at 345 Park Avenue. In Tribeca, coworking space operator Industrious signed a 52,000 square foot lease at 32 Avenue of the Americas.
In the Financial District at 80 Pine Street, law firm Freehill Hogan & Mahar renewed its lease for 17,000 square feet, while cheese and dairy giant Lactalis American Group signed for 15,000 square feet.
With new administrations of mayor and governor, Martin said the real estate company will focus “on partnering and supporting government, at this key moment in our municipal and state system.”