ALLIED PARTNERS is a privately held real estate investment, development and asset management company founded in 1993 by Eric Hadar, Chairman and CEO. The Company specializes in finding highly creative solutions to unique assets which have consistently produced returns well in excess of the overall market.
Chairman & CEO
Eric Hadar is the co-founder, Chairman and CEO of Allied Partners Inc., a real estate investment, development and asset management company headquartered in New York with offices in Miami. Since founding the company in 1993, Eric has led Allied’s emergence as among New York’s most talented and highly regarded real estate investment firms. Eric is well known for unique investments where he applies highly creative strategies to solving complex challenges to add value in all market environments. Allied has consistently produced positive returns, while prioritizing downside protection over risk, a strategy that has consistently generated returns well in excess of the overall market. Allied focuses on opportunistic acquisitions across all property types; including office, retail, hotel and residential. Allied also acts as a lender to affiliated and non-affiliated parties as well as the acquisition of real estate service companies including brokerage, management and insurance services. To date, Eric has led Allied in the acquisition of more than 30 properties and the origination of numerous private mortgages with a total transaction value in excess of $3 billion.
Among Allied’s most recognized transactions were the purchase of 1 East 57th Street, currently the worldwide flagship store for LVMH’s Louis Vuitton, who purchased the property for among the highest price per square foot ever paid for a building in NYC; the purchase in partnership with Boston Properties of Citigroup Center, the 1.3 million trophy 59-story office tower on Lexington Avenue between 53rd and 54th Streets; the gut renovation and repositioning of The Brill Building, a landmark office and retail building on Broadway in Times Square, known worldwide as “The Mecca of Songwriting”, where hundreds of the most successful singer songwriters wrote and recorded many of the biggest hit songs in the history of the music industry; the ownership and redevelopment of the Studio 54 Theater and adjacent office building in Midtown; the gut renovation, 4-story enlargement and conversion of 285 Lafayette Street in partnership with the existing resident artists and their families, which has since become well known as among the most creative legal structures ever used in the conversion of an occupied building with rent regulated tenants. The structure of the transaction was the subject of numerous case studies and articles nationwide for its novel and creative approach to deal making.
In 2009, Allied began investing heavily in Miami, where it recently opened an office responsible for managing its growing portfolio of long term investment and development projects in the Miami area. Some of these include the acquisition and planned redevelopment, restoration and expansion of the classic Art Deco Savoy Hotel in South Beach, which is a 75-room hotel that is currently operating. Plans call for the closure of the hotel in 2018, when construction will begin. Prior to the Savoy development, Allied will begin the ground up development of a mixed use building on Collins Avenue and 4th St in Miami Beach, where it has received final approval to develop a 100,000 sf mixed use project containing grade level retail, 5 levels of parking and 2 stories of residential space on top. Allied also holds the first mortgage on a 5 block former warehouse assemblage, which has been partially converted to retail and restaurant space in the heart of the up and coming Little River neighborhood in Miami.
Upcoming projects in Manhattan include a 300,000 gsf mixed use building overlooking Bryant Park. Located in the epicenter of Manhattan, the redevelopment of an existing building is occupying the entire westerly block front on Church Street in the heart of TriBeCa, between Franklin and Leonard Streets.
Allied is also a partner in the ownership of Terra Holdings, the parent company of Brown Harris Stevens and Halstead Property. Terra is among the largest residential brokerage and management firms in NY, with nearly 2,000 sales agents across 40 offices throughout the Tri-State area, Palm Beach and Aspen. Brown Harris recently expanded into Miami, through the acquisition of 3 existing brokerage companies.
Eric serves as a member of the Board of Governors of REBNY since 2001. He is a frequent guest lecturer at real estate industry events and has appeared many times on television as an expert on commercial real estate. Eric has taught, lectured and authored real estate case studies for Columbia Business School’s Real Estate Department and is a frequent industry panelist. He also enjoys mentoring young real estate professionals. Eric is a prior recipient of Crain’s New York’s and Real Estate New York’s prestigious “40 under 40” awards. Eric received the New York Junior Tennis League’s Civic Leadership Award for his efforts on their behalf. He is also a past recipient of the Starlight Foundation’s “Man of the Year” award for his charitable efforts on the organization’s behalf. Eric is an extremely dedicated Board Member and Trustee of Samaritan Daytop Village Foundation, the largest non-profit homeless and substance abuse treatment organization in New York State. The organization provides shelter and support for over 30,000 single parents with children, veterans and homeless individuals in over 40 locations throughout the New York City area.
In 2015, Eric founded the Eric D. Hadar Family Foundation, which is dedicated to funding institutions at the forefront of research in the field of substance abuse treatment and prevention, as well as supporting organizations committed to supporting individuals in recovery and their families through job training, housing and other ongoing support services. The Foundation is also dedicated to supporting inner-city children from disadvantaged backgrounds.
The Eric D. Hadar Family Foundation recently made a $2 million donation to the Division of Substance Abuse at the Columbia University College of Physicians and Surgeons to support promising research in the field of substance abuse and endowed an annual lecture series to disseminate the latest research in the field. The Foundation has also made substantial gifts to the Samaritan Daytop Village Foundation. Eric recently partnered with the USTA Foundation and the New York Junior Tennis League (NYJTL) to provide 36 inner-city children with tennis coaching and academic tutoring.
Eric received his bachelor’s degree with highest honors from Hobart College in 1986 and earned an MBA from Columbia Business School in 1989. Prior to forming Allied, Eric worked for Sonnenblick-Goldman Company in New York.
Chief Operating Officer
Howard rejoined Allied in January, 2016. For the previous 10 years he was the Director of Asset Management at L&L Holding Company overseeing a 6 million square foot portfolio of major New York City office buildings. Prior to joining L&L Howard served as COO for Allied Partners responsible for the profitability of a property and loan portfolio encompassing more than 20 properties and valued at more than $1.8 billion.
His almost three decade real estate career also includes a position at West World Holding, a real estate investment trust, where his responsibilities included acquisitions, asset management and property management.
He holds a BS in Finance from Boston University and an MS in Real Estate Investment and Development from New York University.
Chief Financial Officer
Renee Regensberg rejoined Allied Partners in 2010. Previously she served as CFO for Sitt Asset Management, a family–owned real estate investment firm with a portfolio valued over $400M. Prior to her position at Sitt Asset, Renee was a CFO at Broadway Real Estate Services, the management arm of Broadway Partners, a real estate and management firm with asset acquisitions in excess of $15 billion.
She also previously served as Controller at Allied Partners and as Accounting Director at New Plan Excel Realty Trust, one of the nation’s largest publicly traded REITs. With over 20 years experience in real estate she has a wide knowledge and understanding of the industry. Renee holds a BA in Accounting and Information Systems from Queens College.
Loredana Longardo is Assistant Controller and is responsible for the oversight of the daily corporate and bookkeeping activities of Allied.
She has worked in the field of public accounting for several years with work experience in all phases of accounting. Loredana is a graduate of Brooklyn College with a Bachelor’s degree in Business, Finance and Management.
Michael J. Core
Senior Facilities Director
Michael joined Allied Partners in 2011 as their Senior Facilities Director. Michael has more than 25 years experience in real estate in both the public and private sectors, covering every aspect of the industry including new site selections and development, project funding, sales and leasing, and management.
He is responsible for the daily operations of all the buildings managed by Allied Partners. This includes working alongside the architects, engineers, and contractors to develop scopes of work, supervising the work being performed, and then processing and monitoring the payments to the contractors. Previously, he served as the Regional Property Manager for Wilshire Enterprises, a publicly traded REIT company with properties throughout the country. Michael holds a Bachelor’s degree in Business Administration from the University of Miami in Florida with a focus on International Finance and Real Estate Finance.
Director of Commercial Leasing
Bonnie joined Allied Partners as a highly experienced real estate professional with over 15 years experience in commercial leasing. She is responsible for in-house leasing for Allied’s office buildings.
Currently, her major responsibility is the on-site leasing of 568 Broadway, a 300,000 square foot office and retail building in the highly valuable Soho district of Manhattan. Bonnie has successfully negotiated and signed in excess of 55 leases at 568 Broadway following Allied’s highly successful re-development and repositioning of the property. Her leasing efforts have helped Allied in concluding the successful repositioning of the property into Soho’s finest office/retail building. Bonnie graduated with a Bachelors Degree from the University of California at Los Angeles.