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 based in New York with offices in Miami. Since founding Allied in 1993, Hadar has led the company to its current prominence as one of the most highly regarded real estate investment firms in New York. A lifelong philanthropist, Hadar has developed a reputation for identifying projects requiring creative strategies to solve complex challenges which weave a community enrichment component into the majority of his projects.
In addition to his exceptional real estate career, Hadar is increasingly focusing his time and resources on community enrichment and environmental initiatives in both New York and Miami. This includes his work with the Eric D. Hadar Family Foundation, which is dedicated to funding groundbreaking research into substance abuse treatment and prevention methods; innovative ongoing support services including housing, domestic skills counseling, health care, job training and child care services to inner city New Yorkers in need. Hadar recently formed the Miami Beach Ocean Preservation Society which is dedicated to protecting Miami’s coastline and ocean ecosystem.
Since Allied Partners’ inception, its focus has been on opportunistic real estate acquisitions in the commercial, retail, hospitality and residential sectors. Under Hadar’s leadership, Allied has acquired more than 30 properties, including the purchase and redevelopment of 1 East 57th Street into the worldwide flagship for LVMH, setting the then record for the highest price ever paid per square foot for a Manhattan building. Other recognized transactions include the purchase of Citigroup Center in joint venture with Boston Properties for $750 million which Allied later sold for $1.3 billion. Hadar also spearheaded a unique and unprecedented transaction in which he partnered with the 10 residential artists that occupied an 1890s former chocolate factory in Soho. Hadar gut renovated and added 4 additional floors to the building while the 10 artists and their families remained in occupancy. Upon completion to condominium, the 10 families received ownership of their units and Hadar received ownership of the balance. The units sold for the then highest average price per square foot ever recorded for a Soho residential condominium. Allied is also well known for the restoration and preservation of the famous Studio 54 theater and office building and the landmarked Brill Building in Times Square. Upcoming projects in Manhattan include a 300,000 sf office building overlooking Bryant Park and the redevelopment of an existing 240,000 sf office building spanning the entire westerly block on Church Street between Franklin and Leonard Streets in the heart of TriBeCa.
Allied is currently active in the Miami market where it owns the historic beachfront hotel, The Savoy. This classic art deco property occupies approximately 200 linear feet of prime oceanfront land between 4th and 5th Streets on Ocean Drive. Allied has also received approval to begin construction of a mixed-use building at 400 Collins Avenue as well as financing the redevelopment of a multidisciplinary urban lifestyle center in the Little River neighborhood of Miami.
Allied maintains a significant ownership stake in 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 52 offices throughout the Tri-State area, 5 in the Miami area and 3 in the Palm Beach area. In addition, the firms collectively manage approximately 400 of New York’s finest full service residential coop and condominium buildings with approximately 30,000 units; including 740 Park Ave, 15 Central Park West, The San Remo, 834 Fifth Avenue, 40 Mercer Street and 173 Perry Street. In 2017, Allied acquired Rose Terra, which manages approximately 30 of the largest and most luxurious Manhattan buildings with approximately 8,000 units including 1 Fifth Avenue, 1 Beacon Court, 220 Central Park South and 170 East End Avenue.
Hadar’s recent philanthropic initiatives include 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. He has also endowed an annual lecture series at Columbia to disseminate the latest research in the field. Hadar has been dedicated Board Member and Trustee of Samaritan Daytop Village Foundation, the largest non-profit homeless and substance abuse treatment organization in New York. Samaritan provides shelter and support for over 33,000 single parents with children, veterans and homeless individuals in over 48 locations throughout the New York City area. Last year, The Eric D. Hadar Family Foundation was Samaritan’s leading donor, having donated $410,000. This year the “Eric D. Hadar Family Foundation Million Dollar Matching Challenge” was created, with the goal of raising funds and awareness for the expanded scope of services Hadar and Samaritan are in the process of developing.
Hadar also partnered with the United States Tennis Association Foundation and the New York Junior Tennis League (NYJTL) to develop the Cary Leeds Center for Tennis and Learning at Crotona Park, which opened in the Bronx in 2017. The facility provides 22 tennis courts, including 10 covered courts and a community center with classrooms, locker rooms, and meeting space in addition to 6,000 hours of free tennis, academic tutoring, year-round educational, health and wellness programs. In addition, he also funded the NYJTL Excellence Program, which provides 24 inner-city children with tennis coaching and academic tutoring.
Since 2001, Hadar has served as a member of the Board of Governors of the Real Estate Board of New York (REBNY). He is a frequent guest lecturer at real estate industry events. As an industry thought leader he is frequently asked by the media to comment and appear to discuss commercial real estate. He has taught, lectured and authored real estate case studies for Columbia Business School’s Real Estate Department, is a frequent industry panelist, and enjoys mentoring young real estate professionals. A prior recipient of prestigious Crain’s New York’s and Real Estate New York’s “40 under 40” awards, he received the New York Junior Tennis League’s Civic Leadership Award for his efforts on their behalf. Hadar is also a past recipient of the Starlight Foundation’s “Man of the Year” award for his charitable efforts on the organization’s behalf.
Hadar 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, Hadar worked for Sonnenblick-Goldman Company in New York.
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.
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.
Director & Senior Vice President of Project Management Services
Edward F. Donnelly, Director & Senior Vice President of Project Management Services, manages the firm’s Project Management Department which performs third party owners representative, project management and development management services for both new developments as well as repositioning of existing multi-family buildings through unit and common area innovations.
Edward provides advisory and executive management oversight on many of the firm’s complex projects. With nearly three decades in project management, construction monitoring, commercial and residential property management, building operations and business management, Edward is experienced with overseeing all phases of multi million-dollar construction projects for private sector clients.
Edward oversees a team which manages projects including new construction, commercial fit outs, installation of new energy management systems and cogeneration plants, HVAC system installations, cooling tower installations and boiler conversions, as well as NYSERDA energy efficient ad renewable energy projects, upgrades to electrical and emergency power systems, installation of new elevators and facade safety programs related to Local Law 11 and amenity projects.
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.
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.