Start-ups grab growing share of sub-$50M investment sales market

From the April issue: New York City’s newest investment sales shops — which have been launched by brokers splitting off from established firms — are handling an increasing portion of the city’s smaller building sales, an analysis from The Real Deal shows. The newbie firms, like Rosewood Realty Group (and, to a lesser extent, others like Pinnacle Realty of New York and ERG Property Advisors), have not displaced the old-guard firms, many of which were founded in the 1980s. But they are starting to give them a run for their money. [more]