Pressler is known for his ability to execute complex deals, including a transaction at 609 Fifth Ave., in which as the owner's representative for DZ Bank he arranged a sale/leaseback of the property. He then assisted the buyer in creating a multi-level, 42,000-square-foot retail space in the building and leasing it to America Girl Place. The transaction won the Most Creative Retail Deal Award from the Real Estate Board of New York.

Joanne Agoglia joined Gomes de Alemeida Fernandes Management and Construction in 1981, which subsequently became GAFISA USA, and managed the Brazilian firm's New York commercial portfolio. When the company formed Promenade Real Estate several years later, Agoglia was named director of asset management and began working with Pressler. Through their work together, Promenade's third party agency assignments rapidly expanded, according to the announcement.

Among the many landlords the team has represented together over the years are APF Properties, Blackstone, DG Anlage, DZ Bank, GAFISA USA, Jeff Sutton, Meadow Partners, SL Green Realty Corp., Western Heritable Management, and The Witkoff Group, the release says.

Another CBC Alliance principal, Peter Sabesan, says in the announcement, “The kind of synergy you see between Steve and Joanne, along with their great track records, is what was needed to start this division. Their skills are a perfect complement to our core service lines.”