NEW YORK CITY-NAI Global, the network of independently owned commercial real estate brokerage firms, has acquired the assets of its network affiliate in New York City, NAI DG Hart, marking the company’s first such acquisition since its founding in 1978.

Jeffrey Finn, president and COO of NAI Global, has been appointed chairman and CEO of NAI New York. DG Hart founders Joseph Genovesi and Stephen Dadourian will stay on as vice chairmen with primary responsibilities in production. Manhattan industry veteran Henry Goodfriend, currently vice president of corporate services for NAI Global, will assume the role of managing director of global services for NAI New York City.

As part of this transaction, NAI Global will relocate its corporate Global Solutions group, led by managing director Jean Claude Goldenstein, from Princeton, N.J., to Manhattan. NAI Global’s Capital Markets group, led by managing director Peter Avalone, also will claim New York City as its base of operation.

“Obviously, New York City is the capital of the business world and building a stronger position there is critical to our platform,” Finn tells GlobeSt.com. “We realized to achieve this goal we needed to combine our resources. This will provide additional corporate and management resources to accelerate growth.”

Finn added that it has had a successful relationship with its New York affiliate in the past and expects that to continue in the future.

“The rapid expansion of our network can be attributed in part to our ability to meet the global real estate needs of even the largest, most sophisticated blue chip corporations,” says Finn. “NAI New York City represents the first time we have chosen to acquire a brokerage affiliate in support of these objectives, and I look forward to continuing to work with Joe, Steve, Henry and the entire New York City team to further expand the office to meet the growing needs of our clients.”

Separately, Mr. Finn notes that the company is actively seeking additional executive leadership and brokerage talent as well as to pursue select acquisitions. “Our clients are driving our expansion,” Mr. Finn said. “Our plans are to double the number of professionals we have in New York over the next 18 months.”

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