Sabesan & Selig Join Cresa NY as Managing Principals

10/20/17

Cresa, the world’s largest commercial real estate firm solely advising tenants, has announcedCRE industry veterans Peter Sabesan and Richard Selig have joined the New York office as Managing Principals. In their new positions, they will be responsible for implementing business growth strategies, overseeing operational efficiencies, promoting brand awareness and supporting professional development.

“As the leading tenant advisory firm in the country, Cresa is an excellent fit for Richard and me,” points out Sabesan. “Our careers have been focused on this sector for more than 30 years and we bring an in-depth understanding of the New York landscape.”

Adds Selig, “The reach of a national platform, combined with an unparalleled arsenal of services, inherently provides Cresa brokers with significant advantages. We are especially excited to have the opportunity to work with an exceptional team that includes our old friend and former partner, Jim Pirot, who heads up the New York office’s Project Management Group.”

In 1997, Peter and Richard co-founded Hunter Realty Organization. Together, they evolved the firm into one of the premier boutique full service commercial real estate companies in New York City. In 2010 Hunter purchased the New York City franchise of Coldwell Banker Commercial, which became one of the top franchises in the country.

With proven track records of success, Sabesan and Selig have client experience that spans leasing projects with industry titans, emerging use groups, institutional and local businesses, and international brands. Their most recent clients include Lovell Safety Management, PulsePoint, The Adecco Group North America, Generali USA, Dash Financial Technologies, Lands’ End and LIM College.

Notes Managing Principal Pirot, “Peter and Richard have extensive experience, not only as tenant advisors, but as owners, mentors and leaders of their own firms. We started together at Helmsley Spear and, later, at Hunter Realty, so I truly understand how their knowledge, sophistication and industry background gives us an even greater competitive edge.”

About Cresa NY

Cresa represents more than 100 clients in New York, including many Fortune 500 companies in industries such as financial services, law and other professional services, technology, communications, publishing, etc. With the enhanced leadership team in place, the New York City office is continuing the growth initiative put in place earlier in this year.

About Cresa Worldwide

Cresa is the world's largest tenant-only commercial real estate firm. In representing tenants exclusively—no landlords or developers—Cresa provides unbiased, conflict-free advice. Its integrated services cover every aspect of a real estate assignment, including strategic planning, employee demographics, workplace strategy, site selection, incentives negotiation, market research, transaction management, project financing, project management, portfolio management, and relocation services. Cresa offers clients customized solutions worldwide through more than 60 global offices. For more information, visit www.cresa.com.

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