Paul Massey working on building new brokerage

Ex-Massey Knakal leaders have already come on board

New York /
May.May 04, 2018 06:00 PM

From left: Paul Massey, Neil Heilberg, Michael Wlody and 275 Madison Avenue (Credit: LinkedIn)

Paul Massey is working on building a new commercial brokerage, and to do so, he’s bringing on some familiar faces from the old Massey Knakal Realty Services team.

Since leaving Cushman & Wakefield earlier last month, Massey’s hired former Massey Knakal chief financial officer Michael Wlody and chief operating officer Neil Heilberg to help build the new business, he told The Real Deal.

“It’s going to be a brokerage that will be focused on combining debt brokerage and sales brokerage and heavy on data science, bring transparency to that market,” he said of the as-yet-unnamed company.

Massey said he’s looking to launch the firm, which will focus on the middle market, later this summer.

Adrian Mercado, Massey Knakal’s former head of IT and research, is also said to be planning to join the new company.

Wlody had worked as the treasurer of the fundraising committee for Massey’s unsuccessful run for mayor last year.

Massey took some office space at 275 Madison Avenue after leaving Cushman earlier last month, where he’s worked since he and partner Bob Knakal sold their eponymous brokerage to the firm in late 2014. Knakal’s contract at the firm expires in July.

Former Massey Knakal partner James Nelson also recently left Cushman to join Avison Young, where he’s been working to build a brokerage team.

Mark Maurer contributed reporting. 


Related Articles

arrow_forward_ios
Office subleases abound in North Dallas suburbs
Office subleases abound in North Dallas suburbs
Office subleases abound in North Dallas suburbs
Discovery at West Road on 9404 West Road, Houston and Haven at Eldridge on 13115 Whittington Drive and McCann Realty Partners Matt Akin (Pegasus Residential, McCann Realty Partners)
McCann Realty Partners swings two Texas multifamily deals
McCann Realty Partners swings two Texas multifamily deals
(Illustration by The Real Deal)
Manhattan investment sales top pre-pandemic levels in Q4 comeback
Manhattan investment sales top pre-pandemic levels in Q4 comeback
From left: Ben Conry and Blair Chenault, co-founders, Flashtract (Flashtract, iStock)
Construction payments startup Flashtract closes $15M Series A
Construction payments startup Flashtract closes $15M Series A
Google buying London office for $1B
Google buying London office for $1B
Google buying London office for $1B
9811 Copper Creek Drive, Austin with Tides Equities’ Sean Kia and Ryan Andrade (Tides Equities, Google Maps)
Tides Equities snags another Texas multifamily property
Tides Equities snags another Texas multifamily property
Renderings of 80 South Street (Oceanwide Holdings, iStock)
Chinese developer defaults on $175M loan for languishing Manhattan supertall site
Chinese developer defaults on $175M loan for languishing Manhattan supertall site
1333 South Congress Avenue in Austin, Texas and Tecovas CEO Paul Hedrick (Google Maps, Twitter)
These boots are made for lending
These boots are made for lending
arrow_forward_ios

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

Loading...