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
The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)

UK tax break expiration could hurt struggling retailers

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)

Turkish mall valued at $1B in deal with Qatar

Turkish mall valued at $1B in deal with Qatar
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Adam America's Omri Sachs and Dvir Cohen with 2503-2509 Broadway (Google Maps; Adam America)

Adam America secures $63M in financing for Upper West Side project

Adam America secures $63M in financing for Upper West Side project
Convene CEO Ryan Simonetti (Convene)

Convene closes Manhattan locations as corporate events fail to return

Convene closes Manhattan locations as corporate events fail to return
New York City District Council of Carpenters’s Monitor Glen McGorty (iStock; LinkedIn)

NYC carpenters union changes how it roots out mob ties

NYC carpenters union changes how it roots out mob ties
The Economic Innovation Group identified 145 real estate investments in Opportunity Zones (iStock)

Real estate deals dominate Opportunity Zones. Is that bad?

Real estate deals dominate Opportunity Zones. Is that bad?
arrow_forward_ios

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

Loading...