NEW YORK CITY—GlobeSt.com has confirmed published reports that Meridian Capital Group on Wednesday will launch a new division specializing in brokering building sales.
The new unit, Meridian Investment Sales, will be staffed partly with three former Eastern Consolidated brokers: principals David Schechtman and Lipa Lieberman as well associate director Abie Kassin.
Meridian also brought in Yoni Goodman, formerly of Goldman Sachs, to help lead the effort, according to the Real Deal. Goodman joined Meridian in late 2014 after handling real estate banking and financing at Goldman.
The investment sales arm, which will focus on the multifamily, office and retail sectors, will likely occupy a separate office than the New York headquarters at 1 Battery Park Plaza. The firm, led by CEO Ralph Herzka, is currently looking for office space, according to the Real Deal.
“Eastern Consolidated has a long history of developing top brokers at all levels,” says Daun Paris, president of Eastern Consolidated. “David, Lipa, and Abie were all successful rising through our program. We wish them well.”
A representative for Meridian could not be reached for comment by GlobeSt.com at press time.
The creation of this investment sales division puts Meridian up against rival Eastdil Secured. Meridian, which launched in 1991 as a specialist in small loans for multifamily buildings, closed about $30 billion in deals in 2014, according to the firm's website. The firm handles a mix of large and small mortgage deals and has offices in six states.
The firm just negotiated $325 million in financing for RXR Realty's purchase of the leasehold at 32 Old Slip. In 2014, Meridian, along with Eastdil, arranged $700 million in financing for the purchase of the Mobil Building's leasehold.
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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.
