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Coldwell Banker Commercial Alliance New York Adds Kenneth Zund Realty Associates to Expanding Office National Commercial Real Estate Brokerage Brings Long-Standing Manhattan Firm to Emerging NYC Location

NEW YORK, Sept. 24, 2013 /PRNewswire/ -- The New York office of Coldwell Banker Commercial (CBC) Alliance, a Manhattan based firm dedicated to providing leasing and other real estate services to clients throughout the city as well as managing over 500,000 square-feet of space through its Asset Management Division, has announced it is adding prominent local commercial real estate brokerage formerly known as Kenneth Zund Realty to its growing operation. The CBC New York office is part of the Coldwell Banker Commercial Alliance national operation, made up of several firms across the country dedicated to serving private investors and small/mid-cap users of real estate nationwide.

Kenneth Zund Realty will now join forces with CBC Alliance, providing growth and additional professional services to the firm's NYC operation under the direction of current principals Richard Selig and Peter Sabesan. The Zund team joining CBC Alliance includes co-founder Jeffrey Zund who will now serve as executive managing director, as well as commercial real estate professionals Thomas Pfingst and Alex Redlus.

"We are delighted that Kenneth Zund Realty is now a part of our NYC office, providing even more professional expertise to an already robust team," stated Mr. Selig. "Adding a firm of the caliber of the Zund Realty organization further enhances the level of service we offer to clients and is another key component of our rapidly growing development."

"The business philosophy of the Kenneth Zund Realty organization closely aligned with our emphasis on uncompromising client servicing and results," adds Mr. Sabesan. "The skill and experience of the Zund team will strengthen our operation as we continue to develop into one of the market leaders in New York City commercial real estate."

"The ability to leverage the unmatched CBC Alliance platform for our clients and be part of a national commercial real estate trailblazer made this the right move for our organization," notes Jeffrey Zund. "The Zund team has built a stellar reputation with the clients we've worked with over the last three decades and joining CBC Alliance will allow us to provide a superior suite of services with an even greater reach and scope than ever before. The prospects for long-term success with the CBC Alliance team are exceptional and we look forward to playing a key role in this company's continuous ascension into a major player in both the Manhattan and national markets."

Coldwell Banker Commercial Alliance was launched in New York City in August 2012 by Waterfall Asset Management (Waterfall). Since then, the firm has continued to grow with the launch of Los Angeles, Orange County Calif. and Denver, CO offices. The Coldwell Banker Commercial Alliance firm is an independently owned and operated affiliate of the Coldwell Banker Commercial (CBC) franchise system.

Obie Walli, CEO for the entire Coldwell Banker Commercial Alliance organization adds, "When we first launched this office, our goal was to quickly grow the operation and establish it as both the flagship location for the CBC Alliance organization and a powerhouse in New York City commercial real estate. With the addition of the Zund team on board, we remain on the path towards achieving both of those goals."

About Kenneth Zund Realty Associates:
Kenneth Zund Realty was founded in 1985 by the father and son team of Kenneth and Jeffrey Zund, and serviced the Manhattan commercial real estate market for over 27 years. Prior to joining CBC Alliance, the firm offered comprehensive solutions and counsel with respect to New York City commercial real estate lease, purchase or disposition requirements. The company has served hundreds of local, regional and national businesses, professionals, organizations and institutions for relocation to more suitable space, dispose of surplus or underutilized space or to renew, extend or expand existing lease commitments.

About Coldwell Banker Commercial Alliance
Coldwell Banker Commercial Alliance is a national commercial real estate brokerage company headquartered in New York City with offices in Denver, Orange County and LA, dedicated to serving private investors and small/mid-cap businesses. The company is an independently owned and operated affiliate of Coldwell Banker Commercial®. Founded by Waterfall Asset Management (Waterfall), who is an investment manager with approximately $2.3 billion in client assets under management, Waterfall has acquired more than $800 million of small-balance commercial loans nationally for its clients.

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SOURCE Coldwell Banker Commercial Alliance



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