HelmsleySpear hired Mark Neuman, former director of acquisitions at Glory Capital, to boost its investment sales and leasing operations.
“[My objective is] building this company back to where it was,” Neuman said, adding that the Kent Swig-owned firm would look to principally invest in New York commercial real estate.
Neuman will also be in charge of recruiting more agents to join the company, which has established a matching fund program that gives them the opportunity to co-invest in the firm’s purchases.
At Glory Capital, the firm led by investor Avi Ben-Dayan and his son Martin Ben-Dayan, Neuman was in charge of investment, leasing and property management.
In 1955, real estate magnate Harry Helmsley bought the management firm Spear and Company, which he renamed Helmsley Spear. During the company’s heyday it was one of the dominant firms in the city, but fell into decline after Helmsley’s death in 1997. Swig bought the company in 2007, but three years later shut down its third-party brokerage operation. — Rich Bockmann