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Next Generation Honoree: Brookfield’s Mark Kostic Combines Steadiness with Foresight

Running an eight-million-square-foot office and retail complex, along with an upcoming mixed-use development of comparable scale, calls for a steady hand at the tiller along with far-seeing navigation. Mark Kostic brings that combination of calm demeanor and forward-thinking innovation to his role as VP, asset management at Brookfield Properties, where he runs Downtown Manhattan’s reinvented Brookfield Place complex, and oversees the Manhattan West complex under development in Midtown. Still in his early 30s, he’s among the youngest at Brookfield ever assigned such a high-profile role.

Those are just a couple of the reasons we chose Kostic to be one of the New York 2019 Next Generation Award winners. Connect Media’s third annual Next Generation Awards recognize young leaders in the commercial real estate industry who are likely to be influential for years to come.

Brookfield Place (formerly the World Financial Center) was a triumphant success upon its 2015 opening. But Kostic was the one person who consistently drove home the message that leasing could not rest on its laurels. He continued to reinvent and set the place-making tone.

Kostic is also a trendsetter. He worked on some of the initial food hall deals with local venues, prior to “food halls” becoming a trend. He capitalized on wellness, encouraging marketing to make a wellness push in its events and leasing to bring the second Clean Market deal to Brookfield Place.

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Inside The Story

Meet the Next Generation Award WinnersConnect With Brookfield’s Lowy

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 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).

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