Robert K. Futterman

For Robert A. Futterman (1928-1961), see Robert A. Futterman.

Robert K. Futterman (born 1958 in Long Island, New York) is the founder, chairman & chief executive officer of Robert K. Futterman & Associates (RKF), a retail leasing, investment sales and consulting services real estate firm.[1][2] Futterman has been noted as one of the most prominent and powerful names in Manhattan retail and has personally completed real estate transactions in excess of $10 billion.[3] He has helped revitalize Manhattan neighborhoods including Union Square, the Meatpacking District, Times Square, 34th Street, Fifth Avenue, the Plaza District, and Soho.[4][5][6][7]

Early career

Futterman began his real estate career in 1983 at Garrick-Aug Associates, a Manhattan retail brokerage firm, where he earned $250 a week as a retail-store canvasser and quickly rose through the ranks to be a top producer.[5][8][9] By 1993, he was running Garrick-Aug’s New York City operations.[9]

RKF

In 1998, Futterman founded RKF and has since expanded the company into one of the country's largest independent real estate firms specializing in retail leasing, consulting services, and investment sales.[8] As of 2011, the company has arranged sales and leasing transactions valued at nearly $20 billion.[3]

RKF is headquartered at 521 Fifth Avenue in New York and also has offices in Las Vegas, Los Angeles, Rutherford, New Jersey, Miami, and San Francisco.[3]

Notable Awards & Transactions

Futterman is a four-time recipient of the Real Estate Board of New York (REBNY) Retail Deal of the Year. He has been recognized for the following:

He has been involved in most vertical retail projects in New York, including Herald Center, the Manhattan Mall, The Shops at Columbus Circle at Time Warner Center, and 270 Greenwich Street (also known as 101 Warren Street); among others.[8][14][15]

Additionally, Futterman has served as an advisor to the Port Authority of New York & New Jersey for the World Trade Center redevelopment, and has also worked on behalf of the Metropolitan Transportation Authority for Grand Central Terminal.[8] He is a member of the Retail Real Estate Board of New York and the International Council of Shopping Centers.

Miracle Mile Shops

Futterman has also been involved in the repositioning and rebranding of Desert Passage, a failing, low-traffic mall, into Miracle Mile Shops, a 475,000-square-foot Las Vegas retail shopping and entertainment powerhouse.[16] He has been the leasing and marketing advisor since the onset of the rebranding.[9][16] As of 2011, Miracle Mile Shops saw 24 consecutive months of impressive sales and traffic increases at the center.[15] RKF recruited national retailers including Ben Sherman, QuikSilver, Marciano, Trader Vic’s, among many others.[9] The mall has continued to grow to over 170 shops, restaurants and entertainment venues that serve approximately 80,000 people each day and nearly 30 million visitors per year.[16] Miracle Mile Shops has been one of the most successful repositionings of a major mall in the U.S.[15]

Felony Conviction

On August 21, 2011, Robert K. Futterman was arrested on drunk driving charges on Sag Harbor Turnpike with four children under the age of 16 in his car. He was charged with multiple counts including violations of Leandra’s Law, which make it a felony on the first offense to drive while intoxicated with children younger than 16 years old in the car. On February 3, 2012, Futterman pleaded guilty in Suffolk County Criminal Court to the aggravated felony count, and the misdemeanor count of driving while impaired by a drug. “Prior to sentencing he must complete 1,000 hours of community service in Suffolk County with conditions including alcohol and narcotics counseling and regular testing,” the spokesperson for the Suffolk County DA said.[17]

References

  1. ↑ New York Times: "A Lesson Learned From a Legend" by ALISON GREGOR June 18, 2006
  2. ↑ New York Sun: "From Selling Ice Cream to Retail Space - Lunch at the Four Seasons" by PRANAY GUPTE October 27, 2005
  3. 1 2 3 Candace, Taylor (2011-04-01). "The Closing: Robert K. Futterman". The Real Deal. Retrieved 2011-08-11.
  4. ↑ Elkies, Lauren (2009-10-29). "Five questions for Robert Futterman". The Real Deal. Retrieved 2010-10-13.
  5. 1 2 Sederstrom, Jotham (2009-12-14). "Shop Pop". New York Observer. Retrieved 2010-10-15.
  6. ↑ Forbes: "The Billionaire's Broker" by Matthew Miller October 10, 2015
  7. ↑ New York Times: "Robert K. Futterman" by VIVIAN MARINO November 5, 2010
  8. 1 2 3 4 Gregor, Alison (2006-06-18). "A Lesson Learned From a Legend". The New York Times. Retrieved 2010-09-18.
  9. 1 2 3 4 Rosta, Paul (2010-05-01). "Robert Futterman Shapes Urban Retail from Manhattan to Los Angeles". Commercial Property Executive. Retrieved 2010-10-13.
  10. ↑ "Lancso, RKF Win Top REBNY Retail Awards". The Real Deal. 2011-06-15. Retrieved 2012-03-15.
  11. ↑ "REBNY Presents Retail Deal of the Year Awards" (PDF). Real Estate Board of New York (press release). 2010-06-09. Retrieved 2012-03-15.
  12. ↑ >"Futterman Wins Deal of the Year". The Free Library (Real Estate Weekly). 2010-06-09. Retrieved 2012-03-15.
  13. ↑ "RKF Wins REBNY 2001 Retail Award". Find Articles (Real Estate Weekly). 2001-07-11. Retrieved 2012-03-15.
  14. ↑ "Whole Foods Moves Into 250 East 57th Street". The Real Deal. 2011-12-05. Retrieved 2012-03-15.
  15. 1 2 3 Hazlett, Curt (December 2006). "The Big Plum: Retailers and Builders Scramble for a Spot in Manhattan". Shopping Centers Today. International Council of Shopping Centers. Archived from the original on 2012-10-27. Retrieved 2012-03-15.
  16. 1 2 3 "Miracle Mile Shops, Las Vegas: Rebranding and Repositioning Case Study". Columbia Business School. Retrieved 2012-03-15.
  17. ↑ Pincus, Adam (2012-02-06). "Robert Futterman pleads guilty to felony DWI". The Real Deal. Retrieved 2012-02-14.

External links

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