Levine tells GlobeSt.com that he believes the new alliance is anatural fit that provides Spandrel with a direct link to thehigh-end residential marketplace through Stribling's network ofbrokers and development clients.He adds that Stribling gains newcapability to refer to a highly effective and an "ethical propertymanagement company to developer clients, which is invaluable inthis market."

He continues, "We targeted Stribling for our first strategicpartnership based on our shared business values." Adding that "weare currently in talks with other like-minded companies in thehopes of launching similar partnerships that will ensure that ourcommitment to build our business through multiple avenues andbusiness types is met."

Levine is chief operating officer and chief financial officer atSpandrel's umbrella firm, the Tribeca based RAL Companies andAffiliates. According to the release, Levine's been making effortsto gain a greater percentage of the property management marketshare with third party developers. Among Spandrel's two millionsquare feet of management assets are the New Yorker at 1474 ThirdAve. in Manhattan, as well as 108 Joralemon and One Brooklyn BridgePark in Brooklyn.

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