Benjamin Benalloul jumps to Halstead, Brown Harris Development Marketing

Firm is now marketing Nile Niami's $500M spec mansion in Beverly Hills

New York /
Nov.November 30, 2018 05:15 PM

The One in Bel Air and Benjamin Benalloul (Credit: The Society Group and Halstead)

Real estate scion and broker to the ultra-wealthy Benjamin Benalloul is on the move.

Benalloul has joined Terra Development Marketing, the parent company of Halstead Property Development Marketing and Brown Harris Stevens Development Marketing, the company said. The 28-year-old — who previously ran two of his own brokerage firms and worked at Town Residential — will focus on luxury new development, high-end spec homes and capital advisory.

The firm said that through Benalloul, it was tapped as the east coast representative and owner’s representative for Nile Niami and Skyline Development’s The One, a spec mega-mansion in Bel Air that is expected to ask $500 million.

Benalloul has sold more than $1 billion in real estate to date, according to BHSDM.

Some of his past deals include representing the Chinese development firm Xinyuan Real Estate’s $66 million purchase of RKO Keith’s Theater at 135-35 Northern Boulevard in Flushing in 2016.

He also represented Harvey and Phyllis Sandler, who purchased the first resale condo at One57 for $34 million in 2014. And he’s currently representing the designer Elie Tahari, who for $35 million is offering a stake in his penthouse development at 860 Fifth Avenue. In Beverly Hills, Benalloul rented the $600,000-a-month “Godfather” mansion in Beverly Hills, which is now on the market for $135 million.

Earlier in his career, he was a principal at Portman Realty, which was absorbed by Keller Williams in 2012.

In 2014, Benalloul, his father Albert Benalloul and Emir Bahadir, part of a prominent Turkish real estate family, formed RLTY NYC. But in 2016, Bahadir sued to dissolve the firm, accusing the younger Benalloul of hard partying and reckless spending. Benalloul dismissed the allegations as slanderous and the suit was settled that year.


Related Articles

arrow_forward_ios
Rachel Glazer (Credit: BHS)
BHS’ top Downtown agent jumps to Compass
BHS’ top Downtown agent jumps to Compass
BHS’ chief of tech, communications out amid internal shakeup
BHS’ chief of tech, communications out amid internal shakeup
BHS’ chief of tech, communications out amid internal shakeup
Bess Freedman and Robert Reffkin (Credit: Studio Scrivo)
“Unequivocally not selling:” BHS accuses rival of stoking sale rumors
“Unequivocally not selling:” BHS accuses rival of stoking sale rumors
Ribbon co-founders Shaival Shah and Wei Gan (Ribbon, iStock)
Homebuying startup Ribbon to take on Midwest, West Coast markets
Homebuying startup Ribbon to take on Midwest, West Coast markets
(Compass)
Waterfront home in Water Mill asks $19.5M
Waterfront home in Water Mill asks $19.5M
Loy Carlos leaves Corcoran for Serhant luxury unit
Loy Carlos leaves Corcoran for Serhant luxury unit
Loy Carlos leaves Corcoran for Serhant luxury unit
Deconstruct Podcast
Now streaming: the debut episode of Deconstruct, TRD’s new podcast
Now streaming: the debut episode of Deconstruct, TRD’s new podcast
New Yorkers who signed concession-laden apartment deals during the pandemic are finding a rude surprise when it's time to renew. (iStock)
New York: Welcome to the era of sky-high renewals
New York: Welcome to the era of sky-high renewals
arrow_forward_ios

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

Loading...