Our Haute 100 list details the accomplishments of the most influential people in each of our markets—Miami, New York, Los Angeles, and San Francisco. These people continue to make moves, so rather than waiting for the next Haute 100 issue to come out, we thought we’d provide you with regular updates on those Haute 100 members who are making headlines. Joe Cayre’s latest investment purchase is a $33 million building in downtown Brooklyn with a bit of baseball legend history.
Company: Midtown Equities, Core Group Marketing
Industry: Real Estate & Sales
What Made Him Haute: Cayre is part of a group of investors that bought the World Trade Center in 2001 and a different team of investors that bought Sears Tower in 2004. In 2007, he sold his house in Midwood, Brooklyn, for $10 million, one of the most expensive sales in the borough. Midtown Equities and Israeli holding company IDB GROUP recently acquired HSBC Bank USA’s headquarters for $330 million. Cayre made his fortune by selling videos to discount retailers, including Wal-Mart.
What Makes Him Haute Now: It’s been less than a year since Cayre joined in purchasing HSBC Bank headquarters for $330 million, but he shows no signs of slowing down his investment purchases. His real estate investment and developing firm, Midtown Equities, just paid $33 million for a five-story, 77,000-square-foot office building in downtown Brooklyn. The building is famous for being the location where baseball legend Jackie Robinson signed his first Major League Baseball contract with the Brooklyn Dodgers. The famed building is now part of Midtown Equities’ 100-plus properties and 14 million square feet of space in retail, office, and residential locations in major cities across the country.