Led by Anthony Westreich, Monday Properties is a respected real estate development and management firm that has maintained an extensive office building portfolio spanning New York and Washington D.C. for decades. Anthony Westreich has positioned the firm, which has been a net seller over the past three years, for acquisitions in a rebounding Washington. D.C., market.
As reported in Washington Business Journal, in June, 2016, the firm experienced a significant boost with the Crystal City startup Eastern Foundry’s announcement that it would expand to a second location in Rosslyn. The federal contractor incubation firm reached an agreement with Monday Properties for a 19,000 square feet full-floor lease at 1100 Wilson Blvd.
A key reason for selection of Rosslyn over locations such as Tyson’s Corner and Alexandria, was the community’s Metro accessibility to government districts. In addition, the local area has a high concentration of federal contractors and agencies.
1100 Wilson Blvd also saw the recent addition of the University of Virginia’s Darden School of Business as a lease signer and the renewal by Sinclair Broadcast Group, Inc., of a five-year, 100,000 square feet lease. This represents a successful repositioning of a building that previously served as the media firm Gannett’s headquarters.
For more than two decades, Anthony E. Westreich has been working in the real estate investment, development, and management fields. The CEO and chairman of Monday Properties, he is responsible for leading the reputable real estate firm. Under the leadership of Anthony Westreich, Monday Properties has invested in numerous commercial properties.
Investing in commercial property can be quite lucrative, but the amount of success you experience largely relies upon the property you pick. Determining the best location can be quite difficult, especially when it comes to commercial properties. If you want to reach your target tenants, you will want to find a property in an area that matters to them. You will also want a property that is in good condition, has few exterior and interior limitations, and adequate parking. Unfortunately, what was once the best location can quickly become less desirable, so you have to look into the location’s potential future, as well.
Once you have a good idea of which properties you want, you can start looking deeper into their potential value. Estimate their cash flow for the future and remember to include estimates for everything from mortgage and interest to vacancies. This gives you general idea of what problems you may encounter when buying a particular property. Further, look into the property’s equity growth potential. Doing so will give you a sense of how much money you should set aside for improvements.
New York-based real estate executive and philanthropist Anthony E. Westreich serves as the chairman and CEO of Monday Properties, focusing on major leasing projects and capital transactions for the real estate investment, management, and development firm. In addition to the State of Israel, Anthony Westreich sponsors various medical and arts institutions, including Lincoln Center for the Performing Arts.
Situated between 62nd and 66th Streets and Amsterdam and Columbus Avenues, west of Broadway, the Lincoln Center complex encompasses Avery Fisher Hall, the Juilliard School, the Vivian Beaumont Theater, the Metropolitan Opera, and other popular venues. Every year, the Lincoln Center’s constituent entities host thousands of ballet, opera, orchestral music, and theater performances.
In 2009, Lincoln Center celebrated a half-century of great performances. Its 1959 groundbreaking was on the site of Lincoln Square, from which the complex got its name. President Dwight D. Eisenhower presided at the ceremony, which featured a performance of Aaron Copland’s Fanfare for the Common Man, performed and conducted by the New York Philharmonic and Leonard Bernstein, respectively.
Philip Johnson and Eero Saarinen are among the architects who designed buildings that now grace Lincoln Center.
A leading real estate investor and developer based in New York City, Anthony E. Westreich serves as a donor to a wide range of humanitarian, cultural, and arts institutions, including Lincoln Center for the Performing Arts. Support for Lincoln Center represents an investment in New York’s long-term cultural development for Anthony Westreich and its many other sponsors.
The site of several theatrical venues, the Lincoln Center complex includes the Vivian Beaumont Theater, named for philanthropist and lover of the performing arts Vivian Beaumont Allen, whose financial gifts made it possible to establish a permanent home for theater at Lincoln Center.
First opened in 1965, the Vivian Beaumont Theater was designed by renowned Finnish-born architect Eero Saarinen. The rectangular building presents a stunning glass-walled facade, which offers a gleaming expanse against the city’s night sky.
The Beaumont is part of a conjoined group of theaters under the overall name of Lincoln Center Theater. Eero Saarinen also designed the Mitzi E. Newhouse Theater, situated in the Beaumont’s lower level. The two Saarinen theaters are actually part of a structure that includes the New York Public Library for the Performing Arts, which wraps around them. Hugh Hardy subsequently designed a smaller structure, now the Claire Tow Theater, to rest atop the Beaumont.