NEW YORK CITY—Modern Spaces, a professional real estate services firm with offices in Queens, Brooklyn and Manhattan, is launching a commercial and investment property division and has tapped local investment sales professional Evan Daniel as the group's leader.

Daniel will serve as an EVP of Modern Spaces' commercial and investment property group. The new division will provide both leasing and investment sales services, covering office, industrial and retail leasing as well as land and property sales across all asset categories. This division will augment the firm's established residential brokerage operation.

Modern Spaces' commercial and investment property group will have a home base in Long Island City, Queens and expand from there. The firm will be adding commercial leasing brokers and investment salespeople who specialize in multifamily, office, retail, hotel and industrial assets.

“We started out as passionate champions for Long Island City, with a commitment to be the very best in this market and to set a new bar for service in the market,” says Eric Benaim, CEO and co-founder of Modern Spaces. “Evan shares our passion for and expertise in this market, and he also has the skills and vision to serve his customers while building an outstanding operation to grow beyond Long Island City in the future, as we have done with our residential practices.”

Most recently, Daniel was a director of sales at Massey Knakal Realty Services, where he exclusively covered the Long Island City and Astoria markets and successfully closed 54 properties worth an aggregate consideration of approximately $256 million. In the first half of 2014 alone, Daniel completed 11 sales assignments in Western Queens valued in excess of $50 million. He has advised both private and institutional clients on positioning their assets, and provided valuation services on more than 1,000 properties with an estimated value of over $7.5 billion.

His most noteworthy sale was a 220-unit portfolio of four walk-up apartment buildings in Astoria in the amount of $30.1 million. He also sold a 40-unit elevator building in Astoria at a price of $11.5 million and a new construction mixed-use apartment building in Flushing for $10.1 million. His expertise also extends to land sales. He was most recently responsible for the $17.1 million sale of a 22,300 square foot lot and the $8.3 million sale of a 205,000 buildable square foot development site, both located in Long Island City.

“I have long had tremendous respect for the founders of Modern Spaces, for their model of being the very best and most knowledgeable in their market and their skill at gaining the trust of developers and consumers alike based on their excellence,” Daniel says. “Many of my clients rely on Modern Spaces for development services, and there is great synergy among our audiences and skills. I am poised to take advantage of my experience and the Modern Spaces platform to build a commercial and investment division that will make a real contribution to the landscape of our profession in New York.”

“I am excited to build something new with the leadership at Modern Spaces, a solid brand name that already extends into my customer base and a team that has already proven they know how to grow a company while maintaining its special edge,” says Daniel.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.