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Firm's generation game.


When Kalmon Dolgin, a grocery store owner from Russia Russia, officially the Russian Federation, Rus. Rossiya, republic (2005 est. pop. 143,420,000), 6,591,100 sq mi (17,070,949 sq km). , decided to start a real estate brokerage business in Brooklyn, he probably had no idea that 100 years later, his great-grandson would be handling the firm's new investments.

Four generations of realtors and investors at Kalmon Dolgin Affiliates Inc. have resisted the jump across the bridge to Manhattan and stuck to Brooklyn, keeping a low profile, but amassing an impressive portfolio of commercial and industrial real estate up and down the East Coast.

For Dolgin's grandson Grandson (gräNsôN`), Ger. Grandsee, town (1990 pop. 2,473), Vaud canton, W Switzerland, at the southwestern end of the Lake of Neuchâtel. , also named Kalmon Dolgin, 61, the key to the business's success has rested on organization and people skills.

"Most family concerns never make it past the second generation," Dolgin said. "It requires a very unique balance of interpersonal relationships This article or section may contain original research or unverified claims.

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, professional respect and planning in order to integrate the different skills that are necessary for each succeeding generation."

Dolgin said the firm's longevity longevity (lŏnjĕv`ĭtē), term denoting the length or duration of the life of an animal or plant, often used to indicate an unusually long life.  rested on a firm's commitment to organization and expansion. The Dolgin firm's investment wing was launched in 1943, when the founder's sons, Morris and Israel Dolgin, bought their first building on Hope and Roebling streets in the Williamsburg section of Brooklyn.

The company continued to grow, with Israel's two sons, Kalmon and Neil joining in the late '60s and '70s respectively. Their investments expanded into construction of office buildings and shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , medical plazas and industrial conversions along the East Coast. Divisions were added within the firm for appraisal and third-party management.

The goal of the firm, Dolgin said, has always been "to build on the foundation, increase its stability." "And allow for an expansion in new directions that create a whole that's greater than a sum of its parts," he said. "And a lot of luck."

The company's workforce has grown from two to 60 men and women, including individuals specializing in professional support, accounting and management.

But because of commuting situations, well-spread clientele and smaller scale operations, the company has never thought of relocating to Manhattan, choosing instead to stay in Brooklyn, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Neil Dolgin, 51, Kalmon's brother.

"We're very happy in our little situation being the big fish in the small pond," Neil Dolgin said, also noting the firm's diverse clientele.

"Every different sect you can possibly think of is situated in and around our outer boroughs."

Diverse age groups are represented within Kalmon Dolgin as well, ranging from Israel Dolgin, now 90 and still working from the firm's Richardson Street offices, to Josh Dolgin Josh Dolgin, aka Socalled, is a Canadian rapper and producer, known for his eclectic mix of hip hop, klezmer and other styles, for example drum & bass and other types of folk music. He worked together with artists such as C-Rayz Walz, Chilly Gonzales, Fred Wesley and Sophie Solomon. , 31, Israel's grandson.

And 2003, Kalmon added, was "one of our banner years."

"We were able to take advantage of a recovering economy and a resurgence re·sur·gence  
n.
1. A continuing after interruption; a renewal.

2. A restoration to use, acceptance, activity, or vigor; a revival.
 in the outer boroughs, plus the fact that we expanded our presence in New Jersey, Florida and some other sections on the eastern seaboard."

For Josh Dolgin, who handles the firm's new acquisitions and financing, getting into the real estate business was a no-brainer No-brainer

A market in which it does not take very complex analysis to figure out how securities are going to perform, such as a strong bull market.
 from childhood.

"I was always interested in listening to my father talk about work--a lot more, I think, than my other brother and sister," he said. "I think I always knew, since I was five, that this is where I would be."
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Article Details
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Title Annotation:Kalmon Dolgin Affiliates Inc.
Author:Moore, Peter
Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Jan 21, 2004
Words:518
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