Daniel Gale Sotheby’s International Realty, one of the nation’s leading realtors, has formed DGNY Commercial, a commercial real estate entity affiliated with but a separate company from Daniel Gale Sotheby’s International Realty. DGNY Commercial will be headquartered in the Americana Manhasset shopping center along the North Shore’s Miracle Mile.
Daniel Gale Sotheby’s International Realty CEO Deirdre O’Connell made the announcement at the organization’s company-wide meeting on Feb. 5 at the Huntington Hilton.
“DGNY Commercial represents an extraordinary opportunity for us to broaden our impact in this important market,” O’Connell said. “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 even 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). Further west on the island, DGNY Commercial recently closed a retail shopping center sale in Bethpage ($5.225 million).
Alison Faranello has been named COO of 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. Her work at Daniel Gale Sotheby’s International Realty has included strategic planning for the organization as a whole, the review of department operational procedures and structures, the identification of growth strategies and the development of corporate partnerships and sponsorships.
“DGNY Commercial is a boutique commercial real estate company that will deliver impactful real estate solutions to our clients,” Faranello said. “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. 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. Our Americana Manhasset location is a high visibility, central location that puts us right in front of our current and future clients.”
DGNY Commercial launches with a team of 15 commercial real estate advisors who previously had been conducting commercial business out of Daniel Gale Sotheby’s International Realty offices across Long Island.
—Submitted by Daniel Gale Sotheby’s International Realty
