Arthur Becker; A Leading Real Estate Developer In New York

Arthur Becker is an American real estate investor and a tech mogul based in New York City. Arthur is known as a tech mogul due to his different projects in the tech industry. Currently, Becker serves as the managing director of Atlantic Investors company, a real estate investment company. Becker is also the chairman and CEO of Zinio Company, a digital marketing firm. Even though Arthur is known as a tech mogul, it is his real estate investment that has positioned him at the helm of the best investors in New York.

Recently, Becker scored big in his real estate investment business in New York. He became the proud owner of three different townhouses adjacent to each other on Sullivan Street, reports therealdeal.com, propelling him to be ranked among the top 10 people to invest in the City. Becker has investments in 10 Sullivan Street and his acquisition of 30, 40 and 50 will strengthen his ownership in New York.

These 6,500-square-foot townhouses were among the four homes developed by Kevin Maloney’s Property Markets Group and Robert Gladstone’s Madison Equities. Becker took ownership of the townhouses in exchange for his share in the condominium development, a new venture the two companies are involved in. The townhouses are strategically placed with the potential to appreciate in value once completed putting Becker on an upper hand from the agreement.

The townhouses were not complete when Becker acquired ownership. He plans to take one for himself after completion and sell or lease the other two. Becker said the townhouses would be priced higher than 20 Sullivan, the one townhouse he didn’t acquire, as they have a larger backyard. According to StreetEasy, the 20 Sullivan property was sold in June 2015 at $18.5 million, down from its asking value of $20.8 million in March.

Becker has had an exciting career. He serves as the managing director of Madison Technology Group; a position he has held since 2001. Becker has a Bachelor of Administration degree from Bennington College, a college he attended between 1969 and 1972. He then joined the Tuck School of Business at Dartmouth between 1973 and 1974.

Read More: http://articles.latimes.com/2012/jul/11/entertainment/la-et-mg-vera-wang-split-arthur-becker-separated

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