News: Brokerage

DJK Residential opens its first Connecticut office in Cheshire

The opening of a new office in Connecticut is the latest expansion into the greater New York metro area for DJK Residential, a leading full-service real estate brokerage and relocation firm. The new 750 s/f office space, located at 120 South Main St., is dedicated to serving Fairfield, New Haven, and Hartford counties. This is DJK Residential's fourth office in addition to its Midtown Manhattan headquarters, downtown Manhattan location and Hoboken, NJ office. "Our office space will accommodate our goal to grow a professional and well-trained Connecticut staff to a 20-person team by next year," said the director of sales at DJK Residential Connecticut, Robert Murphy. "Connecticut, like New York and New Jersey, is enjoying a boom in the market. We're excited to meet the needs of buyers and sellers from this location and look forward to ample new business opportunities." With a strong presence in the real estate community for the latter of 30 years, DJK Residential is dedicated to helping people successfully buy, sell and lease apartments, condos, co-ops, townhouses and single-family homes in the greater New York area. DJK Residential is a division of SIRVA Worldwide, Inc., a leading worldwide provider of relocation and moving solutions. "This is an important move for DJK Residential, as it allows the company to expand its services into the lucrative Connecticut market," said Phyllis Pezenik, vice president and principal broker of DJK Residential. "Robert is a talented and seasoned professional, committed to leading this new team to success. I am ecstatic to see DJK Residential flourish and spread its wings beyond New York City and New Jersey." Prior to joining DJK Residential Connecticut, Murphy started his real estate career at William Raveis Real Estate. He also owned and operated his own real estate brokerage, Cornwall Realty Group, which he launched in 2007 in Connecticut.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.