"We're really rolling," Halstead executive vice president PaulGottsegen tells GlobeSt.com. "The momentum is taking off.Basically, we're excited because we are meeting our goal, which isto build up the management arm of Halstead Property Co. It's goingexactly as we had hoped."

According to Gottsegen, the firm has management contracts inhand for Manhattan apartment buildings including 279 Central ParkWest, 176 W. 87th St., 445 E. 86th St., 301 E. 48th St. and 124Hudson St.

Gottsegen wouldn't reveal deals on agencies currently undernegotiation but says Halstead is "very close to signing" managementcontracts on three additional buildings. He says the firm, whichspecializes in co-op and condominium management, is catching onbecause of the value-adds it provides. "Each building is assigned afinancial team," he tells GlobeSt.com. "In addition we havespecialists who handle transfers and insurance. And all of thesebuildings are assigned a broker specialist. They're there as a freeservice to the shareholders in the building. This is a service thatwe provide. So, management and sales go well together."

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