New frontiers for family firm entering its second century: Kal Dolgin, President Kalmon Dolgin Affiliates.
With his late father Israel, brother Neil and son Joshua, Kal Dolgin has expanded the company from its Brooklyn roots throughout the outer boroughs and Long Island, into Manhattan, New Jersey, Connecticut and Westchester. In addition, the firm recently acquired a multi-property medical building portfolio in eight states up and down the East Coast.
Not bad for a little brokerage firm started in Brooklyn by an immigrant Russian grocer back in 1904.
Kalmon Dolgin currently serves as president of Kalmon Dolgin Affiliates, Inc. and KND Management Co., Inc., as well as Of Counsel to the law firm of Agins, Siegel & Reiner. The grandson and namesake of company founder, Kalmon Dolgin received his BA from Syracuse University and JD from the Syracuse University College of Law. He is a Member of the Bar of the State of New York and a Licensed Real Estate Broker in New York and New Jersey.
He grew up in Great Neck with his brother Neil (now his partner), late-brother, Stu, sister Gail (who was nominated for an academy award in 2004 for best full-length documentary) and a menagerie of dogs and other pets. He and wife Peggy have three children, one of whom, Josh, represents the fourth generation in the family business.
His daughter Brynn and son-in-law Alan presented Kal with his first grandchild, daughter Emma, and have another on the way? His youngest son Danny is completing his graduate degree in international relations and law at the Fletcher School at Tufts University.
"When I entered the business we were a small industrial brokerage firm and owned and managed a variety of mostly industrial buildings in Brooklyn and Queens.
"This was natural since my father had grown up in Brooklyn and was most familiar with this environment," recalls Dolgin.
"Having grown up on the Island and having a law degree gave me a somewhat different view, as did the time in which I grew up; it wasn't the depression era, but the days of 'I Like Ike' and Camelot and Viet Nam. Having a familiarity with the Island and legal structuring of various investment modalities I started a construction division that built a number of office buildings and small centers on the Island, as well as upstate New York and New Jersey.
"We then expanded further into joint venture acquisitions and management of properties in Florida and now with my brother and son we have expanded this into a nationwide network of equity and management while expanding our brokerage division to over 50 full-time staff, appraisers, managers and administrators responsible for over 5,000,000 square feet."
Dolgin says the firm's longevity has rested on their 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. Kalmon Dolgin Affiliates now operates two brokerage offices in Brooklyn and the Bronx, with a Long Island affiliate in Stony Brook.
More than 40 full-time brokers offer transactional representation of building owners, tenants, sellers and buyers.
On the building management side, the firm applies its accounting, architectural and operational services to more than five million square feet of space.
Likewise, Kalmon Dolgin Affiliates' appraisals are recognized in every court for all purposes of valuation.
In addition to continuing investment in the company's core industrial value-added base locally, Kalmon Dolgin is currently seeking opportunities in a variety of asset classes nationwide, as the company continues to grow in its second century.
Today's complex market strategies may differ in scope and technical acumen from the early beginnings of Kalmon Dolgin Affiliates, but the basic ethic of hard work, client satisfaction and deep personal commitment to the community remain the bedrock values that will carry the firm into the next 100 years," Dolgin said.
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|Title Annotation:||PROFILE OF THE WEEK|
|Publication:||Real Estate Weekly|
|Date:||Jun 28, 2006|
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