Mr. Eric Hadar, 36, had made a modest name for himself using seed money from his father, Richard, to acquire and revive down-at-the-heels properties.
In his career as a real estate investor, Eric Hadar has progressed from purchasing the tiny Ravenite Social Club in Little Italy in 1998 to acquiring the 59-story Citigroup Center just two years ago. Lately, though, his activities have taken a radically different turn.
Eric Hadar, who purchased the skyscraper last year with partner Boston Properties Inc., went looking for out-of-favor investment sectors where there's little competition.
Eric Hadar, who electrified the real estate world a few years ago when he bought the CitiGroup Tower in partnership with Boston Properties, just landed himself a more modest trophy.
Two weeks ago, Eric Hadar's deal to buy the 59-story Citigroup tower for $725 million and carve his family's name into the New York skyline hit a major snag and nearly fell apart.
Eric D.
Allied Partners, Eric Hadar Chairman, has announced it will sell its share of the landmark Citigroup Tower to co-owner, Boston Properties.
Columbia University online magazine and the Young Lions feature. Features Eric Hadar and others.
Eric Hadar on Crain's popular 40 under 40 business people profiles
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