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Mechanic and Melanie Meyers, Fried, Frank, Harris, Shriver & Jacobson","link":"https:\/\/commercialobserver.com\/power-series\/2021-power-100\/player\/jonathan-l-mechanic-and-melanie-meyers\/"},{"name":"David Grutman, Groot Hospitality","link":"https:\/\/commercialobserver.com\/power-series\/2021-power-100\/player\/david-grutman\/"},{"name":"Kyle Bragg, Service Employees International Union, Local 32BJ","link":"https:\/\/commercialobserver.com\/power-series\/2021-power-100\/player\/kyle-bragg\/"},{"name":"Rich Maroko, New York Hotel and Motel Trades Council","link":"https:\/\/commercialobserver.com\/power-series\/2021-power-100\/player\/rich-maroko\/"},{"name":"Mike Witynski and Michael Calbert, Dollar Tree Stores; Dollar General ","link":"https:\/\/commercialobserver.com\/power-series\/2021-power-100\/player\/mike-witynski-michael-calbert\/"}], }; </script> <style type="text/css"> html { font-size: 10px; } </style>  <div class="hcpl-100"> <header class="hcpl-header"> <div class="hcpl-header-inner"> <div class="hcpl-header-info"> <ul class="hcpl-lists"> <li class="hcpl-list"><a href="https://commercialobserver.com/power-series/power-100-2024/">2024</a></li><li class="hcpl-list"><a href="https://commercialobserver.com/power-series/power-100-2023/">2023</a></li><li class="hcpl-list"><a href="https://commercialobserver.com/power-series/power-100-2022/">2022</a></li><li class="hcpl-list active">2021</li><li class="hcpl-list"><a href="https://commercialobserver.com/power-series/2020-power-100/">2020</a></li><li class="hcpl-list"><a href="https://commercialobserver.com/2019/04/the-power-100-2019/">2019</a></li><li class="hcpl-list"><a href="https://commercialobserver.com/2018/04/the-power-100-2018/">2018</a></li><li class="hcpl-list"><a href="https://commercialobserver.com/2017/04/the-power-100/">2017</a></li><li class="hcpl-list"><a href="https://commercialobserver.com/2016/04/power-100-3/">2016</a></li><li class="hcpl-list"><a href="https://commercialobserver.com/2015/04/power-100-2/">2015</a></li> </ul> <div class="hcpl-title"> <h1 class="hcpl-h1"> <img src="https://commercialobserver.com/wp-content/uploads/sites/3/2020/07/pl-2020-vert.png" alt="2021 Power 100"/> </h1> <h2 class="hcpl-h2">Commercial Real Estate’s Most Powerful Players</h2> </div> <div class="hcpl-meta"> <span class="hcpl-author">By <a href="https://commercialobserver.com/author/the-editors/" title="Posts by The Editors" class="author url fn" rel="author">The Editors</a></span> <span>May 14, 2021 1:40 PM</span> <div class="hcpl-share"> <div id="story-sharing-before-content" class="story-sharing-before-content addthis_sharing_toolbox addthis_default_style" data-url="" data-title="2021 Power 100"> </div> </div> </div> </div> <div class="hcpl-video"> <div class="hcpl-video-wrapper"> <div id='jwppp-video-box-3931471' class='jwppp-video-box' data-video='1' style="margin: 1rem 0;"> <span class="jwppp-instant" style="display: none;" data-video="https://commercialobserver.com/?jwp-instant-articles=1&player=JbLDKTXE&mediaID=Y2Ui7UZi" data-width="480" data-height="270"></span><div id='jwppp-video-3931471' class='jwplayer'>Loading the player...</div> <script type="text/javascript" src="https://content.jwplatform.com/libraries/JbLDKTXE.js"></script><script type='text/javascript'> var playerInstance_3931471 = jwplayer( "jwppp-video-3931471" ); playerInstance_3931471.setup({ playlist: "https://cdn.jwplayer.com/v2/media/Y2Ui7UZi", advertising: {}, }) </script></div> </div> <p class="wp-caption-text">The 100 most powerful people in commercial real estate in 2021.</p> </div> <div class="hcpl-description"> <div class="hcpl-description-inner"> <p class="p1"><span class="s1">F</span><span class="s1">or the past 14 months, we’ve all held our breath, waiting for a return to normal that</span><span class="s1"> kept getting deferred. </span><span class="s1">And then … something happened.</span></p> <p class="p3"><span class="s3">Vaccines that were greeted with a great deal of skepticism were rolled out in a timely, efficient, highly successful manner. A modest promise of 100 million doses by the Biden administration’s 100th day was raised to 200 million. And, through this and a renewed emphasis on masking, the country went from an awful track record of managing the pandemic to the envy of the world.</span></p><div class="co-paywalled-content"> <p class="p3"><span class="s1">With the vaccines especially, there’s been a stark reversal in the mood that had engulfed real estate (and beyond).</span></p> <p class="p3"><span class="s1">Week after week, big companies have been issuing return-to-work directives. Leases are being signed. Deals are being closed.</span></p> <p class="p3"><span class="s1">“When a pandemic ends, people return to cities and go totally nuts,” Savanna’s Nicholas Bienstock told Commercial Observer. “They celebrate, they go to restaurants, they go to bars, they travel, they go to sporting events, they go to the theater and museums; they party and they spend like there is no tomorrow! Remember that the last pandemic in 1918-1919 was followed by the Roaring ‘20s.”</span></p> <p class="p3"><span class="s1">Bienstock is not the only one saying this. “We’re very optimistic that New York City in particular will return to pre-pandemic levels sometime within the next 12 to 24 months,” said Mitchell Hochberg of Lightstone.</span></p> <p class="p3"><span class="s1">And now that the worst of the pandemic is seemingly behind us, it’s an opportune time to look at the real estate landscape, and see who navigated these treacherous waters deftly and positioned themselves best for the future.</span></p> <p class="p3"><span class="s1">Last year, we viewed those invested in storage, industrial, life sciences and multifamily as the players whose stock had risen; that holds true in 2021.</span></p> <p class="p3"><span class="s1">But there were other things that we weren’t quite expecting. Some of the biggest deals of the year were movie studios. Proptech investment wasn’t stifled by the pandemic, its importance rose. New York state legalized cannabis this year. Who are the players in this budding asset class? And will this be the thing that saves retail?</span></p> <p class="p3"><span class="s1">America is not the same country it was 14 months ago. The murder of George Floyd forced the country to grapple with wide gulfs in inequity. Is real estate doing anything about this? (The answer: Not nearly enough. But we tried to bring to light those who were.)</span></p> <p class="p3"><span class="s1">These were among the many considerations in drawing up our annual list of the most powerful women and men in real estate during a time when the country might be on the cusp of a great rebirth.—<i>M.G.</i></span></p> <p class="p1"><em><span class="s1">By Tom Acitelli, Rebecca Baird-Remba, Adam Bonislawski, Mack Burke, Andrew Coen, Greg Cornfield, Cathy Cunningham, Julia Echikson, Sarika Gangar, Larry Getlen, Chava Gourarie, Max Gross, David M. Levitt,<br /> Keith Loria, Nicholas Rizzi, Aaron Short, Patrick Sisson and Celia Young</span></em></p> </div> </div> </div> </div> </header> <div id="member-list"></div>   <div class="ad-wrapper ad-hcpl hcpl-horizontal-ad ad-has-disclaimer htlad-commercialobserver_powerlist_landing_top" id="commercialobserver_powerlist_landing_top"></div> <section class="hcpl-powerlist-section"> <div class="hcpl-powerlist-section-inner article article-wrapper hcpl-sticky-container"> <div class="hcpl-powerlist"> <div class="content content-wrapper"> <div class="hcpl-search"> <h2 class="image-wrap"> <img src="https://commercialobserver.com/wp-content/uploads/sites/3/2020/07/the-2020-power-100-e1620858646117.png" alt="2021 Power 100"/> </h2> <form id="power-list-typeahead" method="get" action="" style="display: none;"> <label class="sr-only" for="member">Search by name or company</label> <input class="query-field" type="text" name="member" placeholder="Search by name or company" value=""/> <button 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