Paul Massey ready to launch new brokerage

B6 Real Estate Advisors set to debut next week

New York /
Jun.June 27, 2018 03:54 PM

Paul Massey and 275 Madison Avenue (Credit: Google Maps)

Paul Massey is preparing a July 1st launch for his new brokerage, which he’s dubbed B6 Real Estate Advisors.

The brand’s tagline is “Building by Building, Block by Block,” and the company already has about 20 people working out of its headquarters at 275 Madison Avenue, the New York Post reported.

Massey said the new company will use the territory model made famous by his old firm, Massey Knakal Realty Services.

“We were the authority on the ground with boots on the ground,” he said. “I intend to do that, but also bring transparency to the debt market with [information on] who’s lending on what terms. We brought clarity to what properties were worth and now we will bring clarity to what money will cost you.”

The new company will specialize in middle-market investment sales between $1 million and $200 million, as well as capital markets. The firm will launch next month in Manhattan and New Jersey, and plans to open offices in Brooklyn and Queens.

Massey in April left his job at Cushman & Wakefield, which he and his former business partner Bob Knakal sold their eponymous brokerage to in late 2014 for $100 million.

Cushman earlier this week terminated Knakal, who was interviewing with other companies as his contract was set to expire.

Both Massey, who ran an unsuccessful campaign for mayor last year, and Knakal have been tight lipped about Knakal’s next move.

Massey, meanwhile, has brought on former Massey Knakal colleagues Neil Heilberg and Michael Wlody to work at his new firm as chief operations and financial officers, respectively. [NYP] – Rich Bockmann


Related Articles

arrow_forward_ios
Steve Witkoff and Ian Schrager in front of the iconic PUBLIC hotel escalators. (PUBLIC, Getty)
EB-5 fund alleges Schrager, Witkoff siphoned money from Public Hotel
EB-5 fund alleges Schrager, Witkoff siphoned money from Public Hotel
Best Buy has closed about 20 of its big-box stores in each of the past two years (iStock)
Best Buy lays off 5,000 staffers, increases store closures
Best Buy lays off 5,000 staffers, increases store closures
Ryan Serhant and Gary Barnett on Development Slowdown in Pandemic
Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
Cushman & Wakefield CEO Brett White
Cushman reports 10% drop in revenue in 2020
Cushman reports 10% drop in revenue in 2020
Central Queens Academy's Ashish Kapadia and United's Chris Jiashu Xu with a rendering of 88-08 Justice Avenue (Linkedin, iStock)
Charter school takes 85K sf in Queens condo building
Charter school takes 85K sf in Queens condo building
(IStock illustration by Kevin Rebong)
Smaller cities look to cash in on shift to remote work
Smaller cities look to cash in on shift to remote work
421-427 East 14th Street (Google Maps, iStock)
Stuy Town to get new 17K sf grocery store
Stuy Town to get new 17K sf grocery store
Photo illustration of Mayor Bill de Blasio as Uncle Sam (iStock, Getty/Illustration by Kevin Rebong)
NYC has $1.3B in unpaid property taxes
NYC has $1.3B in unpaid property taxes
arrow_forward_ios

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

Loading...