Veteran investment-sales broker Alan Miller is heading to Besen & Associates.
As a senior managing director at the brokerage, Miller will focus on middle-market investment sales including long-term ground leases and joint venture developments, according to the company.
Most recently, Miller was running his own boutique firm called ALDO Advisors, which will continue to operate despite his departure. Before that, Miller worked as a managing partner at 5Points Group and spent more than 14 years as a principal at Eastern Consolidated before leaving in 2014. The commercial brokerage firm recently announced it would shut down in July.
Miller did not respond to a request for comment, but said in a statement that he is excited to help grow Besen “for the next decade.”
Although he has been fairly quiet in the real estate world as of late, Miller has worked on his share of major deals throughout his career. These have included the 2007 sale of 510 West 22nd Street and air rights to Jay Z for $64.8 million and the 2006 sale of 100 Van Dam Street to Beck Street Capital for $20.5 million.
Michael Besen founded his namesake company in 1988, and the firm was No. 9 on The Real Deal’s annual ranking of investment sales firms with a total of $631.1 million in transactions last year. Some of its recent deals include developer Sam Chang’s $10.2 million purchase of 38-47 9th Street in Long Island City and landlord Kenneth Rosenblum’s $13.5 million purchase of two Greenwich Village townhouses at 133-135 West 13th Street.
The firm is also in the midst of a nasty legal dispute between Besen and his business partner Amit Doshi, who he has accused of stealing about $1.5 million in company money for his personal use.