NEW YORK CITY—The Halstead Management Co. has made an asset purchase of Lawrence Properties, a full-service residential management firm, GlobeSt.com has learned. The firm will now operate as Halstead Lawrence Management and will be under the direction of Martha Goupit, managing director/EVP. Financial details of the deal were not disclosed.
With this announcement, the Lawrence division is responsible for the management of 30 buildings representing a total of 3,500 units. Employees of the group will continue to be based out of Lawrence Properties' office at 150 West 30th St.
“We are absolutely thrilled to welcome the Lawrence team to the Halstead family,” says Paul Gottsegen, president of Halstead Management. “With their experienced staff, similar corporate philosophies and prestigious portfolio of buildings, it was the ideal fit for both firms.
“Together,” he continues, “we provide individualized management with a state-of-the-art, centralized back office support system. We are confident that, as a result of this strategic union, each building will now have unparalleled access to the depth, expertise and contacts of the top real estate firm in New York.”
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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.
