Benjamin Benalloul jumps to Halstead, Brown Harris Development Marketing

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

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

Rachel Glazer (Credit: BHS)

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

Bess Freedman and Robert Reffkin (Credit: Studio Scrivo)

“Unequivocally not selling:” BHS accuses rival of stoking sale rumors

Manhattan resi listings continue nosedive: report

Manhattan resi listings continue nosedive: report

252 East 57th Street and 196 Orchard Street with Samantha Sheeber and Tal Alexander

Closing in the time of Covid-19: “We’re pulling out all the stops”

Kuwait’s consul general in New York, Hamad Al-Hazeem and 50 United Nations Plaza (Credit: Google Maps)

Kuwait’s consul general buys 50 UN Plaza pad for $16M

Web searches for terms including “homes for sale” are way down up north. (Credit: Pixabay)

Fewer Canadians are searching for homes online amid pandemic

Massive stimulus package has limited upside for real estate

Massive stimulus package has limited upside for real estate