Multiple brokerages interested in buying Massey Knakal

CBRE, Cushman & Wakefield and DTZ among the interested buyers

TRD New York /
Nov.November 03, 2014 08:09 AM

More than 10 firms are interested in acquiring a piece of Massey Knakal Realty Services.

The brokerage, one of the city’s biggest players when it comes to midsize office, retail and apartment buildings, has hired Perella Weinberg Partners to sell a 49 percent non-controlling stake in the firm, according to the Wall Street Journal. The news was first broken by Real Estate Alert.

CBRE Group Inc., Cushman & Wakefield — firms that already have a major presence in the city — and DTZ — which is looking to enlarge its footprint on New York — were among the interested buyers, according to the newspaper. The entire firm could be sold for $100 million.

While most of the potential buyers are interested in buying the entire firm, owners Paul Massey and Bob Knakal would prefer to sell a non-controlling stake, according to the newspaper. [WSJ] — Claire Moses


Related Articles

arrow_forward_ios
150 East 45th Street and Children’s Aid president Phoebe Boyer (Credit: Google Maps)

Children’s Aid Society sells Midtown HQ

Children’s Aid Society sells Midtown HQ
Rockrose Development Justin Elghanayan and 98 DeKalb Avenue in Brooklyn (Credit: Google Maps)

Rockrose closes $81M all-cash Brooklyn buy

Rockrose closes $81M all-cash Brooklyn buy
Paul Massey’s B6 Real Estate hit with layoffs

Paul Massey’s B6 Real Estate hit with layoffs

Paul Massey’s B6 Real Estate hit with layoffs
David Schechtman, Bob Knakal, Peter Von der Ahe

Top I-sales brokers on what to do when there are no deals

Top I-sales brokers on what to do when there are no deals
Paul Massey (Photo by Axel Dupeux)

Can Paul Massey repeat his past brokerage success with B6?

Can Paul Massey repeat his past brokerage success with B6?
Paul Massey (Photo by Axel Dupeux)

Can Paul Massey repeat his past brokerage success with B6?

Can Paul Massey repeat his past brokerage success with B6?
The development site at 98 Dekalb Avenue and Rockrose Development's Justin and Henry Elghanayan (Credit: Google Maps)

Rockrose is moving into Brooklyn

Rockrose is moving into Brooklyn
Residential dev site in a LIC Opportunity Zone hits the market

Residential dev site in a LIC Opportunity Zone hits the market

Residential dev site in a LIC Opportunity Zone hits the market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...