Douglas Durst, chairman of The Durst Organization, will be nominated as the next chairman of the Real Estate Board of New York, succeeding Bill Rudin.
“Douglas Durst and The Durst Organization have an unparalleled dedication to New York City, and Douglas has an unshakable and immutable faith in this City and its people,” Rudin said. “It is hard to imagine a more appropriate leader to navigate our industry through these extraordinarily challenging times.”
A 51-year member of REBNY, Durst is the chairman and a member of the third generation to lead The Durst Organization. Durst is a director of REBNY and serves on its Executive Committee, Board of Governors and Management Division Owner/Labor Coordinating Committee. He also serves on the board of The New School, The Trust for Public Land and Project for Public Spaces.
The Durst Organization is a leader in the development of sustainable buildings having built the first green office tower, 151 West 42nd Street, the first LEED Platinum skyscraper, One Bryant Park and the largest LEED Gold building in the world, One World Trade Center.
“It is an honor to be nominated for this position by Bill Rudin and the former REBNY chairs and to be entrusted with the stewardship of our industry’s efforts for an economic recovery that is equitable for all New Yorkers,” said Durst. “The Durst Organization has more than 105 years of history in New York City and has thrived through two World Wars, the Great Depression, the fiscal crises of the 1970s, terrorist attacks, the Great Recession and this is not even our first pandemic — we survived the influenza pandemic of 1918.That history and experience leave me uniquely prepared for the opportunity to bring a long-term perspective and optimism to REBNY because even when New York seems down, it always comes back.”
Rudin, a 30-year member of REBNY and CEO & co-chairman of Rudin Management Company, was elected chairman of REBNY in 2017. During his tenure, Rudin promoted policies that helped diversify New York City’s economy by generating jobs and boosting the commercial and residential real estate marketplace.