RM Friedland Establishes Investment Sales Division
Real Estate In-Depth | December 2018
HARRISON– Commercial brokerage firm RM Friedland recently announced the launch of an Investment Sales Division. As part of the expansion, the firm reported that veteran commercial broker John Barrett has been named managing director of the division.
In addition, Marco Lala has been named senior vice president, bringing with him a sales team with an impressive record in The Bronx and Northern Manhattan.
“Throughout our history, RM Friedland has identified opportunities in our key markets and has evolved in order to best serve our clients and these communities,” said Sarah Jones-Maturo, president, RM Friedland. “The expansion into investment sales is an organic next step for our company. We are thrilled with the experience and expertise that John, Marco and Team Lala bring to the table, and look forward to growing this area of our business in the years to come.”
During his career, Barrett, who serves as the president of the Hudson Gateway Association of Realtors’ Commercial Investment Division, has specialized in the sale of income-producing assets of all types: multi-family, retail, office, development sites, industrial and user properties in Westchester and Rockland counties. After spending seven years at Massey Knakal, where he led the firm’s expansion into Westchester, Barrett joined Admiral Real Estate as its Investment Sales Division head. Since 2005, he has evaluated and marketed more than $950 million worth of investment real estate in the New York Metro area. As RM Friedland’s managing director of the Investment Sales Division, Barrett will be responsible for the continued growth of the division and spearheading new business activities in Westchester County.
“RM Friedland has the perfect platform for me to service my clients, building owners in the suburban areas north of New York City. I’m excited to be a part of the company’s next chapter,” said Barrett. “The company’s brokers have always specialized by asset class, but we will now also be utilizing a territorial structure as we grow our coverage from Northern Manhattan, The Bronx and Westchester to also include Rockland and Fairfield counties. We have plans to expand the Investment Sales team in the New Year, and are actively looking for brokers dedicated to innovation and client service.”
Lala is one of the most active investment property specialists in Northern Manhattan, The Bronx, and Westchester County. He has personally handled the sale of more than 450 buildings with a total value of more than 1.5 billion in the New York Metropolitan Area. Previously, Lala was a partner and top earner at Massey Knakal and a top producing agent and team leader at Marcus & Millichap. He joins RM Friedland with his dynamic sales team, Team Lala: David Raciti, Jack Lala and Michelle Lala. He will be focusing on new business activity in The Bronx and Northern Manhattan.