Massey’s B6 Real Estate Advisors hires familiar face to lead first Brooklyn team

Massey Knakal and Cushman & Wakefield veteran DJ Johnston joins new firm

TRD New York /
Aug.August 22, 2018 05:30 PM

From left: DJ Johnston, Brooklyn neighborhoods Bedford Stuyvesant, Bushwick, Crown Heights and Prospect Lefferts Gardens, and Paul Massey (Credit: iStock)

Paul Massey’s B6 Real Estate Advisors hired a veteran of Massey Knakal Realty Services and Cushman & Wakefield to lead the new brokerage’s first team in Brooklyn.

DJ Johnston is joining the company as a partner and senior managing director overseeing the neighborhoods of Bedford Stuyvesant, Bushwick, Crown Heights and Prospect Lefferts-Gardens, the firm told The Real Deal.

Over the course of his career, Johnston brokered more than 200 deals valued at roughly $1 billion, according to B6 Real Estate.

Johnston last year, along with his Cushman colleague Stephen Palmese, represented the partnership of Oak Tree Residential and California-based Avanath Capital Management in their $75 million buy of an 18-building Brooklyn multifamily portfolio from ZT Realty.

And he worked alongside Bob Knakal to broker the sale of a development site in Crown Heights owned by the Golombeck family for $75 million to Lincoln Equities Group, which is planning to develop a $500 million, 1 million-square-foot residential project with Ian Bruce Eichner’s Continuum Company.

Johnston is bringing along two of his team members from Cushman, and plans to hire one or two more associates in the next few weeks.

Massey launched B6 earlier this year and leased 12,000 square feet for the company’s Manhattan offices at 1040 Sixth Avenue near Bryant Park. The new brokerage will focus on investment sales and debt brokerage, and will implement a territory system similar to the one made famous by Massey Knakal.

The company’s already hired a dozen teams in Brooklyn, Manhattan, Queens and the Bronx.


Related Articles

arrow_forward_ios
Columbia Property Trust CEO Nelson Mills and 245-249 West 17th Street (Photos via Columbia Property Trust; StreetEasy)

Columbia Property Trust collects 98% of its rent in Q3

Columbia Property Trust collects 98% of its rent in Q3
Red Apple Group’s John Catsimatidis and Muss Development’s Jason Muss (Getty; iStock)

Four Brooklyn landlords accused of illegally inflating rents

Four Brooklyn landlords accused of illegally inflating rents
The Factory building at 30-30 47th Avenue with Square Mile Capital’s Craig Solomon and Invesco CEO Marty Flanagan (Photos via The Factory; Square Mile; Invesco)

Here’s what tenants are paying at the Factory in Long Island City

Here’s what tenants are paying at the Factory in Long Island City
Bob Sulentic (Getty, iStock)

CBRE income falls nearly 10%

CBRE income falls nearly 10%
From left: Paramount CEO Albert Behler, 1301 6th Avenue, 712 5th Avenue, 31 West 52nd Street (Getty; Google Maps)

Paramount Group back at work, but tenants waiting until 2021

Paramount Group back at work, but tenants waiting until 2021
Tony Malkin (Getty, iStock)

Empire State Realty Trust reports second consecutive quarterly loss

Empire State Realty Trust reports second consecutive quarterly loss
Michael Shvo and the Transamerica Building in San Francisco and  (Unsplash)

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M
Amazon CEO Jeff Bezos with (top to bottom) 5 Warehouse Lane in Elmsford in Westchester County, 2300 Linden Boulevard in Brooklyn and 1502 Bassett Avenue in the Bronx (Getty; Google Maps)

Amazon inks three warehouse deals for delivery stations

Amazon inks three warehouse deals for delivery stations
arrow_forward_ios

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

Loading...