Butler Burgher Group completes integration of The Leitner Group

Butler Burgher Group (BBG), one of the leading independent national commercial real estate valuation, advisory and assessment firms, has completed integration of the Leitner Group, Inc. in New York, which BBG acquired last year. Moving forward the New York firm will be doing business as BBG, formerly Leitner Group. BBG ranks among the four largest commercial real estate valuation and consulting firms in the U.S., with 21 offices nationwide. The affiliation with Leitner Group, which continues to be headed by founder Joel Leitner, has allowed the firm to leverage synergies for clients on a national basis, according to BBG CEO Diane Butler. BBG realized more than 30% growth in 2014. "BBG now has a strong presence in the New York region with the robust client relationships built by Joel and his team," Butler said. "We provide a national platform and are well-positioned with the talent and resources to handle substantial portfolio assignments. BBG offers a distinct advantage in that we provide independent valuation services with objective analysis on a national scale. " "With BBG, we have a national footprint, can take advantage of an advanced technology platform, and are part of a respected and recognized independent brand," Leitner said. "We can deploy the capacity of a national firm. The affiliation with Diane has benefited clients locally in New York and across the country." BBG executes appraisals across all commercial real estate sectors, including office, retail, multifamily and industrial, with special expertise in real estate portfolios. In addition to its growth in New York, BBG expanded its offices in Phoenix, Denver, San Diego and Indianapolis with additional team members in 2014.Glodowski and Kinsey of Kinsey Capital secure $9.75 million sale; Affiliate of ICON Realty Managment purchases 808 Lexington AvenueManhattan, NY Kinsey Capital, one of the leading commercial real estate brokerage and advisory firms based in New York City, arranged the sale of 808 Lexington Ave., a mixed-use property in the borough's Upper East Side neighborhood. It was purchased by an affiliate of ICON Realty Management, who had entered into a contract with a two week TOE (time of the essence) closing. Senior director Brent Glodowski along with James Kinsey, were the sole brokers in the transaction. The property was once the home to actor Sylvester Stallone, and national restaurant chain Fig & Olive currently occupies the retail. The property sold for $9.75 million, or $1,500 per s/f. ICON Realty Management, which is led by founders Terrence Lowenberg and Todd Cohen, is a multi-faceted investment and management company located in New York City. The firm owns and manages over 1,800 apartment units located throughout the city in some of Manhattan's neighborhoods including: the Upper East Side, Greenwich Village, Chelsea and the Lower East Side.