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Lee & Associates NYC Launches New Residential Division

The residential division will extend the firm’s commercial advisory services largely recognized for office and retail leasing.

Joel Herskowitz Joel Herskowitz, COO, Lee & Associates NYC

NEW YORK CITY—Lee & Associates NYC, previously focused on retail and office leasing and having recently formed an investment division, has now branched into residential services. Joel Herskowitz, as an investor in Lee & Associates NYC and the COO, who was instrumental in bringing the company to Manhattan in November 2011, will oversee management of the new division. Previously, Herskowitz served as a senior director at Cushman & Wakefield from 2008 to 2010, president and CEO of Grubb & Ellis from 2001 to 2006, and an executive managing director at Newmark Knight Frank from 1998 to 2001.

The residential agents currently include Adam Frisch, Brett Fischer, Damien Palacios and Michael Musco. By the end of the year, the brokerage expects to have five to 10 agents on the team. Lee Residential NYC will handle leasing and sales, representing owners, landlords, sellers and developers.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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