New York & Tri-State + Apartments | April 20, 2021

Former EDC Head James Patchett Assumes CEO Role at A&E

James Patchett, previously president and CEO of the New York City Economic Development Corporation (EDC), is joining A&E Real Estate as CEO. Patchett joins as A&E embarks on a major expansion of its citywide multifamily portfolio and ventures selectively into complementary commercial real estate assets.

“We are extremely fortunate that James is joining A&E and believe he’s the ideal choice to help lead the firm, especially at this important inflection point in our firm’s evolution,” said Douglas Eisenberg, founding principal of A&E.

At EDC, Patchett oversaw a portfolio of more than 60 million square feet and made investments in and developed some of New York City’s most important assets. He took over at EDC after serving as chief of staff to New York City’s Deputy Mayor for Housing and Economic Development.

Patchett’s arrival coincides with the launch of A&E’s new $1-billion fund, its third and largest to date.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).