Confirmed: Massey-Knakal Up for Sale

NEW YORK CITY—A Massey-Knakal Realty Services spokeswoman confirmed to GlobeSt.com that the company is considering a sale of some or possibly all of the firm.  “The firm is exploring growth initiatives,” she says in response to published reports of a sale.

Over 10 firms are interested in acquiring a piece of the company, according to the Real Deal. One of the city’s largest brokers of midsize office, retail and apartment buildings has hired Perella Weinberg Partners tosell a 49% non-controlling stake in the firm, according to the Wall Street Journal. CBRE Group Inc., Cushman & Wakefield and DTZ —which is said to be looking to expand its footprint in the city—were among the interested buyers. The entire firm could be sold for $100 million.