Eric Gural is a third-generation leader of Newmark Holdings, which operates more than 8.0 million square feet of commercial property in New York, New Jersey, Connecticut and Virginia. The Newmark Holdings portfolio comprises more than 40 properties, including the Flatiron building. It generates annual revenues of more than $250.0 million, with a net operating income of approximately $120.0 million.
Mr. Gural began working in the portfolio buildings at the age of 15 as a porter and freight operator during summers off from school. He assumed a full-time position as an assistant asset manager in 1991 and was promoted to his current role in 2008.
Mr. Gural's leadership was instrumental in the success of the following initiatives:
- Redeveloping the 750,000 SF 520 8th Avenue building from manufacturing space to an office building in 1998. This has increased owner distributions from $2.0 million to $10.0 million annually, with a current total increased distribution of $150.0 million.
- Launching the first rooftop restaurant and bar in a commercial building at 230 Fifth Avenue.
- Founding the first fashion incubator in New York City with the Council of Fashion Designers of America and New York Economic Development Corp. (NYEDC) in 2010.
- Purchasing 515 Madison Avenue in 2009 and completing more than 100,000 SF of leasing in the same year.
Mr. Gural is an active community leader with special interest in the following areas:
- Chairman, CFY
- Trustee, The Nature Conservancy (New York Chapter)
- Board member, the Garment Center Business Improvement District and Union Square Partnership
Eric attended Union College, where he played varsity soccer and used that experience to become a mediocre golfer. He also enjoys the New York Rangers, Jets, Mets, fishing and skiing, and loves his two teenagers who already know everything.