Peter Hauspurg is the Chairman and CEO of Eastern Consolidated, a commercial real estate service firm with 80 brokers specializing in commercial property sales, retail property leasing and mortgage finance, primarily in the New York metropolitan and Tri-State areas. Mr. Hauspurg and his partner, President Daun Paris, founded the firm in 1981 and have been creating some of the most significant deals to dot the New York City skyline ever since.
Mr. Hauspurg’s innovative and visionary approach to deal making has made Eastern Consolidated an industry game-changer. He has been the dynamic force at the helm of the firm’s global deal-making and property-sourcing activities over the past 35 years. Mr. Hauspurg has also originated virtually every real estate asset type for acquisition or disposition, including billions of dollars of office and apartment buildings, hotels, development sites, garden apartments, and retail properties of all shapes and sizes.
Some of the nation’s most respected investors have called upon Mr. Hauspurg for counsel and representation, including the John L. Loeb family, the Edgar Bronfman family, George Soros, Larry Silverstein, Stephen L. Green, the Moinian Family, the Durst Family, Rose Associates and many more.
Also an accredited tax attorney, Mr. Hauspurg applies his legal savvy daily to arrange alternative acquisition and disposition structures to minimize tax effects on his clients’ behalf.
During the extended recession of the 1990’s Mr. Hauspurg led the firm’s workout efforts, which included the representation of numerous lending institutions in asset sales of all types, as well as consulting on their behalf in negotiating difficult valuation issues with the FDIC. He and his innovative team also arranged the largest commercial property auction ever held in New York City in 1993, where over 1,000 properties went on the block in an all-day session at the Waldorf Astoria.
Mr. Hauspurg is consistently ranked in the New York Observer’s Real Estate Power 100, a list comprised of the city’s most influential real estate titans, every year since the list’s inception in 2008.
Mr. Hauspurg also sits on the New York City Director’s Advisory Council and the Mortgage Committee of M & T Bank, a New York Stock Exchange listed bank with over $80 billion in assets. He is a member of the Board of Governors of The Real Estate Board of New York (REBNY) and is a past Chairman of its Sales Brokers Committee. He is a guest lecturer in the Board’s Continuing Education Program and is a frequent industry speaker. Mr. Hauspurg has also served as a member of the Board of Directors of the Westchester Land Trust for over ten years.
Mr. Hauspurg is committed to philanthropic efforts for the New York area community. He is currently serving as Chairman of the Board of Trustees of the Jewish Child Care Association (JCCA), a nonsectarian organization founded in 1822 and dedicated to providing housing, medical care and vocational training to over 15,000 families in need in the Tri-State region, overseeing a $100 million annual budget with 1,100 employees. He and partner Daun Paris have been dedicated to the JCCA cause over the past eleven years through the creation of new programs, fundraising efforts and the donation of a building. Mr. Hauspurg has also rehabilitated several Harlem apartment buildings under the auspices of New York City’s Third Party Transfer Program, which are now occupied as affordable housing.
Mr. Hauspurg is a graduate of Duke University and received his Juris Doctor degree from Fordham Law School with a specialization in tax law.