NYC is reportedly undergoing a significant transformation as the city is undergoing a significant transformation in its property industry. Sac 917

The Rudin family, overseen by co-executive chairmen Bill and Eric Rudin, has faced a deadly incident at 345 Park Ave., a New York City real estate dynasty. The gunman, Shane Tamura, killed three people in the lobby and invaded Rudin’s headquarters on the 33rd floor, where he killed the firm’s own employee Julia Hyman. The tragedy marks the biggest test the Rudins have faced, both as a property owner and as a family. The Rudins, overseen by co-executive chairmen Bill and Eric Rudin, have a nearly four-decade relationship with the Park Avenue tower, which is in the heart of the new Wall Street and the biggest office building in the Rudin family’s portfolio. The building also houses the world’s largest alternative asset manager, Blackstone Inc., which has a lease running through the end of 2034. The Rudin family has weathered New York City’s historic ups and downs, with Lew Rudin, the father of Bill, being instrumental in helping rescue New York from bankruptcy by persuading businesses to prepay their property taxes.

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