Waldt Joins Cushman & Wakefield As Senior Director
14 Nov, 2005, New York, NY
Public finance and real estate expert brings advisory experience to brokerage services
Cushman & Wakefield today announced that Peter V. Waldt, a leading public finance and real estate expert has joined the firm as a senior director. He was previously the director of real estate development for the Metropolitan Transportation Authority.
In addition to the MTA, Mr. Waldt brings to Cushman & Wakefield more than 20 years of experience in financial and planning roles at organizations including the Empire State Development Corp., the Urban Development Corp., and Metro-North Commuter Railroad.
"Peter brings an extremely high level of financial advisory experience to real estate," said Joe Harbert, Cushman & Wakefield's chief operating officer for the New York Metro Region. "His understanding of large-scale real estate projects and programs and his grasp of financial analysis and project management strategies make him a highly valuable resource for Cushman & Wakefield's clients."
In his most recent previous role with the MTA, Mr. Waldt's primary mission was to generate cash flow from under- and non-performing assets. Most significantly, Mr. Waldt was charged with evaluation and brokerage services for all 14,000 parcels of MTA real estate. Additional responsibilities included the creation and implementation of the MTA Sponsorship Program, creation and implementation of the MTA Transit Orient Development Program, management of the West Side Yard & Vanderbilt (Brooklyn Arena) Yard developments, and acquisition of the Mineola Intermodal Center.
For 12 years prior to his MTA role, Mr. Waldt was the head of underwriting for Empire State Development (formerly Urban Development Corporation, with the titles VP of Commercial Lending & Real Estate Finance and VP of Project Finance). Throughout his career, he has worked on more than 30 sports facility projects, over 100 large development projects, over 1,500 real estate financings and over 5,000 financial transactions.
Mr. Waldt has a graduate degree in Public Policy Analysis and an undergraduate degree in History from the University of Rochester. He has been a guest lecturer at the Columbia University real estate program and a Visiting Professor at the NYU Sports Management certificate program.
Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.