Managing Director & Senior Broker
GFI REALTY SERVICES INC.
Total Volume of Deals: $32,510,000
Total Number of Deals: 12
Multifamily activity has ramped up in Upper Manhattan over the last year, and Abudi has been actively selling properties above 125th Street. Notably, Abudi was responsible for the sale of 510-512, 513 W. 134th Street, a 52-unit, three-building package for $8 million.
Vice Chairman
Vice Chairman
Vice Chairman
Vice Chairman
JONES LANG LASALLE
Total Volume of Deals: $1,590,000,000
Total Number of Deals: 14
The sale of old office buildings for residential conversion has driven a bulk of sales volume below Canal Street—and the brokers at JLL have helped continue that trend. In the past decade, the foursome has an investment sales track record exceeding $20 billion.
Vice Chairman
CBRE
Total Volume of Deals: $1,340,000,000
Total Number of Deals: 21
Credited with some of the largest deals outside Manhattan, Dunn was honored with NAIOP's prestigious 2011 "Sale of the Year" award for Fairfield County at its Annual Real Estate Awards Gala for Connecticut and Suburban New York for his work on the sale of One Dock Street in Stamford.
VP, Investments
VP, Investments
First VP, Investments
MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES
Total Volume of Deals: $103,595,500
Total Number of Deals: 17
Multifamily and office deals have been hot for this M&M team, which was responsible for the $23.6-million sale of 680 Saint Nicholas Ave., a 177-unit apartment building in Hamilton Heights, equating to $202,137 per unit—a big deal for Upper Manhattan. It's reportedly the largest single building sold in Harlem this year.
Vice President, Investments
MARCUS & MILLICHAP REAL ES TATE INVESTMENT SERVICES
Total Volume of Deals: $67,193,500
Total Number of Deals: 28
Much has happened in a year for Fotis. In July, he was promoted to VP of investments from associate VP and he's earned a national achievement award from M&M for his work companywide.
Executive Mng. Director
Corporate Mng. Director
Senior Mng. Director
STUDLEY
Total Volume of Deals: $593,427,762
Total Number of Deals: 11
Armed with the knowledge that new media and tech companies were flocking to Midtown South, Studley's Capital Transaction Group targeted technology ownership groups to see if they were interested in expanding their respective footprints in the city.
President
ROSEWOOD REALTY GROUP
Total Volume of Deals: $960,155,000
Total Number of Deals: 80
Jungreis—known primarily for deals in the outer boroughs—has made some big plays in Manhattan this year. A chunk of his dollar volume was the $145.5-million off-market sale of a three-building apartment portfolio on the Upper West Side.
Director & Senior Director
GFI REALTY SERVICES INC.
Total Volume of Deals: $68,329,000
Total Number of Deals: 10
Given the momentum for properties in Downtown and Southern Brooklyn, Katz has kept his boots firmly on the ground in the borough. He says Brooklyn's booming multifamily market has helped drive new buyers to the market. "These days Brooklyn seems to be the buzz word on almost every real estate investor's list," he says.
Chairman & Founding Partner
MASSEY KNAKAL REALTY SERVICES
Total Volume of Deals: $545,951,748
Total Number of Deals: 45
Despite a slight slowdown in investment sales volume in the first quarter of 2012, low supply of available properties and high-demand from international buyers is driving up competition for prime assets—and pricing, maintains Knakal.
Vice President, Investments
MARCUS & MILLICHAP REAL ES TATE INVESTMENT SERVICES INC.
Total Volume of Deals: $207,850,000
Total Number of Deals: 2
Mezzo arranged the sale of the 400,200-square-foot 1450 Broadway, representing both the buyer and seller of the trophy asset. He tells Forum that investment activity in NYC is reaching levels seen in 2006 and 2007, with rapidly compressing cap rates, bidding wars on well-located properties and record-breaking prices.
Partner
MASSEY KNAKAL REALTY SERVICES
Total Volume of Deals: $93,568,197
Total Number of Deals: 23
Known in the marketplace for his Manhattan expertise, Nelson's notable deals include a $9.5-million sale of a townhouse at 37 W. 10th St. The sale price equated to approximately $1,297 per foot, a sign of the Manhattan investment sales market's strength.
Associate
GFI REALTY SERVICES
Total Volume of Deals: $57,125,000
Total Number of Deals: 6
Recognizing the demand for multifamily in the outer boroughs, Orlander arranged the sale of 36-20 Bowne St., a 1940s building in the Flushing section of Queens, for $14.375 million, translating to 10.5 times the rent roll and $165,000 per unit. He tells Forum that the listing drew a tremendous amount of interest and offers.
Director, Sales
MASSEY KNAKAL REALTY SERVICES
Total Volume of Deals: $118,557,499
Total Number of Deals: 18
Representing the bustling neighborhoods of Downtown Brooklyn, Clinton Hill, Brooklyn Heights, DUMBO, Fort Greene, Prospect Heights and Boerum Hill, Massey Knakal's Palmese saw a flurry of activity in the area, fueled by momentum of the new Barclays Center in the heart of the borough.
Executive Managing Director & Principal
EASTERN CONSOLIDATED
Total Volume of Deals: $350,000,000
Total Number of Deals: 27
Schechtman kept up his lead in Manhattan and Brooklyn as one of the industry's top dealmakers. He represented the seller and procured the buyer in the $23.5-million sale of a block-through residential site at 545-551 W. 48th St. and handled the $65.25-million sale of the defaulted senior secured interest in a portfolio of eight multifamily apartments in Washington and Morningside Heights.
Vice Chairman
Vice Chairman
CBRE
Total Volume of Deals: $4,000,000,000
Total Number of Deals: 15
Stacom and Shanahan have negotiated significant trades during the past year, including the $270-million sale of the 1.12 million-squarefoot 4 New York Plaza Downtown; the $252.5-million sale of the 389,000-square-foot 10 E. 53rd St. in Midtown; and the $207.5-million sale of the 625,000-square-foot 33 Maiden Ln. Additionally, the pair were CBRE's number-one producers companywide in 2011, from among more than 3,400 sales professionals, and have ranked among its top five sales professionals in each of the past four years.
By Total Dollar Volume of Deals
1. Darcy Stacom, Bill Shanahan, CBRE ($4,000,000,000)
2. Richard Baxter, Jon Caplan, Ron Cohen, Scott Latham, Jones Lang LaSalle ($1,590,000,000)
3. Jeffrey R. Dunne, CBRE ($1,340,000,000)
By Total Number of Deals
1. Aaron Jungreis, Rosewood Realty Group (80)
2. Robert A. Knakal, Massey Knakal Realty Services (45)
3. Matthew Fotis, Marcus & Millichap Real Estate Investment Services (28)
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.