Veteran real estate executive David Cheikin has left Columbia Property Trust to become head of real estate at Fisher Brothers, a fourth-generation family-run firm with a portfolio that includes some top-tier office towers in midtown Manhattan.
Cheikin will oversee Fisher Brothers’ commercial and residential portfolio and lead leasing, property management, security, engineering and residential asset management operations, Fisher Brothers said in a statement. Cheikin will also head the real estate firm’s luxury amenity, meeting and conferencing program.
He was most recently part of Columbia’s executive leadership team, serving as executive vice president of Columbia’s U.S. real estate operations, according to Columbia’s website.
Cheikin's got his work cut out for him. He's joining as the nation's largest commercial real estate market has struggled with low office demand since the start of the pandemic.
"New York's office market continues to show signs of weakness," according to a CoStar analyst report.
Before joining Columbia in 2018, he spent 16 years with Brookfield Properties, including as the executive vice president and head of its New York and Boston regions.
New York-based Fisher Brothers’ portfolio includes seven million square feet of Class A office space comprising iconic towers such as Park Avenue Plaza, 299 Park Ave., 1345 Ave. of the Americas, and 605 Third Ave. in midtown Manhattan.
It also owns Station Place, billed as Washington, D.C.’s largest private office complex, Fisher Brothers said in the statement.
The company's residential portfolio spans over 1 million square feet in New York, Washington, D.C., and Las Vegas, with projects including Station House, which offers 378 apartments in D.C.; and 111 Murray, a 157-unit “ultra-luxury” condominium in lower Manhattan, Fisher Brothers said.
The real estate firm also owns a development site spanning over 75 acres just off the Las Vegas strip, according to its website.