The Real Deal New York

Eastern Consolidated’s Marion Jones jumps to Ackman-Ziff

Investment sales broker on $236M "Kings & Queens" deal moves to real estate financing firm
By Mark Maurer | January 23, 2015 12:50PM

UPDATED, 3:15 p.m., Jan. 23: Marion Jones, a top investment sales broker, has decamped to the Ackman-Ziff Real Estate Group from Eastern Consolidated to serve as as the firm’s senior director.

Jones was a director of investment sales at commercial brokerage Eastern Consolidated, which she joined in 2010. She was mostly recently the lead broker representing Urban American Management in the $236 million deal to sell a large “Kings and Queens” apartment portfolio to Peter Rebenwurzel, as The Real Deal reported. (The deal, which entered contract in November, is slated to close next month, she said.)

Last week, Jones started work at under-the-radar financial brokerage Ackman-Ziff, led by Simon Ziff.

“Marion has a great reputation, a proven track record and she possesses the rare combination of talents we covet — the capacity to analyze complex situations and excellent brokerage skills,” Ziff said.

The roughly 35-employee company — which arranges debt and equity financing, such as construction loans, mezzanine debt, and joint-venture equity – has been working to expand nationally.

“Increasingly I see a demand from the investment community for recapitalization and other creative structures,” Jones said.

During her tenure at Eastern Consolidated, Jones closed or placed under hard contract more than $890 million in sales deals, according to her LinkedIn profile. Her specialties were deals involving large-scale multi-family buildings and redevelopment projects.

Before Eastern Consolidated, she worked at CBRE and New Doric Advisory Services.