NEW YORK CITY—A Massey-Knakal Realty Services spokeswomanconfirmed to GlobeSt.com that the company is considering a sale ofsome or possibly all of the firm. “The firm is exploringgrowth initiatives,” she says in response to published reports of asale.
Over 10 firms are interested in acquiring a piece of thecompany, according to the Real Deal. One of the city'slargest brokers of midsize office, retail and apartment buildingshas hired Perella Weinberg Partners tosell a 49% non-controllingstake in the firm, according to the Wall Street Journal. CBRE GroupInc., Cushman & Wakefield and DTZ —which is said to be lookingto expand its footprint in the city—were among the interestedbuyers. The entire firm could be sold for $100 million.
While most of the potential buyers are interested in buyingthe entire firm, owners Paul Massey and Bob Knakal would prefer tosell a non-controlling stake, the Journal reports.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
