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Daniel Gale Sotheby's International Realty Announces the Formation of DGNY Commercial
By: Daniel Gale Sotheby's International Realty
"DGNY Commercial represents an extraordinary opportunity for us to broaden our impact in this important market," said O'Connell. "Over the past decade, we have brokered a number of significant commercial transactions in New York City, the Hamptons, and elsewhere on the Island. It's time for us to stake an ever greater claim with DGNY Commercial."
In the last two years, Daniel Gale Sotheby's International Realty played a leading role in two multi-million dollar commercial transactions in the Hamptons, handling both sides of the transaction in the sales of the iconic Gansett Green Manor in Amagansett ($6.175 million) and the Inn at East Hampton ($5 million), and further west on the Island a retail shopping center sale in Bethpage ($5.225 million).
Alison Faranello has been named Chief Operating Officer, DGNY Commercial. In her previous role as Director of Corporate Development, Faranello had been working on the development and launch of DGNY Commercial for the past year. She joined Daniel Gale Sotheby's International Realty five years ago after a career in commercial and investment banking. Faranello received a B.S.B.A. from Boston University's Questrom School of Business and her M.B.A. summa cum laude from Fordham University's Gabelli School of Business. Her work at Daniel Gale Sotheby's International Realty has included strategic planning, the review of operational procedures and structures, growth strategies, and corporate partnerships and sponsorships.
"DGNY Commercial is a boutique commercial real estate company that will deliver impactful real estate solutions to our clients. We will be able to expand our commercial service offerings while being able to operate with the same uncompromising standards of professionalism and expertise as our residential entity," said Faranello. "Daniel Gale Sotheby's International Realty real estate advisors will be able to confidently refer their clients to trusted and dedicated colleagues on the commercial side.
DGNY Commercial launches with a team of 15 commercial real estate advisors.
About Daniel Gale Sotheby's International Realty
Daniel Gale Sotheby's International Realty is a $3.24 billion-dollar organization on Long Island, N.Y. serving New York City's metropolitan area with 24 sales offices.