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Halstead Branches into Investment Sales

NEW YORK CITY-Led by industry veteran John Goldman, the residential brokerage firm's new division has already begun handling commercial transactions.

By Paul Bubny | Updated on November 10, 2008

NEW YORK CITY-Residential brokerage Halstead Property, LLC has hung out its commercial real estate shingle with the formation of an investment sales division. Industry veteran John Goldman, managing director of the new division, tells GlobeSt.com that over the course of a few weeks of setting up shop prior to Monday’s formal announcement, “we’ve actually gotten more business than we can handle.”

Goldman has already hired Bruce Davis and Roger Coryne from Halstead’s existing staff of brokers, and is looking to expand the roster as quickly as possible. “Unlike some companies or individuals that may not have a lot to do right now, we’re overbooked” and already handling transactions, he says. Halstead’s decision to enter the commercial arena “seems to have been the right one.”

The decision to go into investment sales was a natural outgrowth of the existing business, says Halstead president Diane Ramirez in a release, although Goldman notes that the companny “had not pursued the commercial field in an organized way before. There was a lot of capability, and people in the residential area had access to commercial transactions as well in the normal scheme of things, but that was not something that they had sought after. They decided to set up this division to take the referrals from within the larger organization and service them with a team of experienced brokers, which I’m actively recruiting.”

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