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NYC EDC’s COO Named Acting President

Mayor Bill de Blasio appointed Rachel Loeb the acting president of the New York City Economic Development Corporation (EDC). Loeb, currently EDC’s EVP and COO, succeeds James Patchett, who is returning to the private sector after seven years of working for the city.

“From sourcing essential PPE, to building the first-of-its-kind Pandemic Response Lab, to helping make New York City a global life sciences leader, EDC has done extraordinary work in leading this city’s fight against COVID-19,” said de Blasio. “I know Rachel will build on that work and serve as a fearless, creative advocate for this city’s recovery.”

Prior to joining EDC in 2018, Loeb was a senior executive member of World Wide Group, overseeing all aspects and phases of the development process. Before that, she was a senior director of development for AvalonBay, where she was responsible for the development of more than 1,400 apartments.


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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 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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