NAI buys New York affiliate; plans relocation, expansion.NAI See Network Associates. Global, the world's largest network of independently owned commercial real estate brokerage firms, announced it has acquired the assets of its network affiliate in New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , NAI DG Hart, marking the company's first such acquisition since its founding in 1978.
Jeffrey Finn The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter.
It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. , president and chief operating officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of NAI Global, has been appointed chairman and chief executive officer of NAI New York City.
DG Hart founders Joseph Genovesi and Stephen Dadourian will stay on as vice chairmen with primary responsibilities in production. Manhattan industry veteran Henry Goodfriend, currently vice president--corporate services for NAI Global, will assume the role of managing director global services for NAI New York City.
As part of this transaction, NAI Global will relocate its corporate Global Solutions group, led by managing director Jean Claude Goldenstein, from Princeton, N.J., to Manhattan. NAI Global's Capital Markets group, led by managing director Peter Avalone, also will claim New York City as its base of operation.
"NAI Global is committed to being the leading provider of commercial real estate services worldwide and this transaction will strengthen our position in one of the world's most important gateway markets," said Finn.
"The rapid expansion of our network can be attributed in part to our ability to meet the global real estate needs of even the largest, most sophisticated blue chip corporations. NAI New York City represents the first time we have chosen to acquire a brokerage affiliate in support of these objectives, and I look forward to continuing to work with Joe, Steve, Henry and the entire New York City team to further expand the office."
Genovesi added, "Since joining. NAI in 2003, we have enjoyed the full support of the network, and now can begin to put in place an even more aggressive plan for growth.
"The cultural similarities and alignment of business goals between us and NAI Global were major factors in our joining the network originally, as well as in our desire to now become the company's flagship office in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Jeff and I are fully committed (Law) committed to prison for trial, in distinction from being detained for examination.
See also: Fully to developing the city's premier commercial real estate services organization, one focused squarely square·ly
1. Mathematics At right angles: sawed the beam squarely.
2. In a square shape.
3. on supporting the needs of clients."
The company is actively seeking additional executive leadership and brokerage talent.