The Real Deal New York

Town hires sales directors from Warburg, Macklowe

Karen Gastiaburo to head FiDi office; Dorothy Sexton joins Town Fifth Ave.
By E.B. Solomont | March 03, 2015 05:00PM

Town Residential hired two industry veterans from Warburg Realty and Macklowe Properties to lead its sales teams in the Financial District and on the East Side.

Karen Gastiaburo, who opened Warburg’s Tribeca office in 2005 and was the sales director there, joined Town as the managing director of the Financial District office, the brokerage said. Macklowe alum Dorothy Sexton joined as a managing director based out of Town’s Fifth Avenue office, which is located at The Crown Building On 57th Street. Both will report to Wendy Maitland, Town’s president of sales.

Gastiaburo will lead 30 agents in the FiDi office, which is tapping into the neighborhood’s growing appeal as a residential destination, spurred by new condos at GB Lodging and GFI Development’s The Beekman Residences, Time Equities’ 50 West and Alchemy Properties’ Woolworth Residences, among others.

“There’s no better time than now for a stellar professional in our industry to be expanding in to the Financial District,” Maitland said in a statement. Town CEO Andrew Heiberger added that Gastiaburo’s “hallmark management style inspires and empowers representatives.”

While at Macklowe, Sexton led marketing efforts for the developer’s 737 Park Avenue and 150 East 72nd Street. Earlier in her career, she was a vice president and sales director at Sotheby’s International Realty.

At Town, Sexton will focus on the luxury market, and she will work with Juliet Clapp, managing director of Town’s Fifth Avenue and Upper East Side offices.

“My path has crossed with Dorothy throughout the course of our years in the industry and I have always respected and admired her high level of professionalism,” Maitland said.

Town’s rental portfolio includes 3,500 units, making it among the city’s top leasing firms, and the company has $3 billion in existing and upcoming new development projects, according to Shlomi Reuveni, the firm’s managing director of new development. In February, Town announced a new partnership with Miami-based brokerage and development firm Fortune International Group.