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Alison Faranello has been named the chief operating officer of DGNY Commercial.
Daniel Gale Sotheby’s International Realty, the Cold Spring Harbor-based real estate firm with an East End presence on the North Fork and in Westhampton Beach, has formed a separate entity for commercial real estate: DGNY Commercial.
Daniel Gale Sotheby’s International Realty CEO Deirdre O’Connell announced the new venture at a companywide meeting on February 5 at the Huntington Hilton. “DGNY Commercial represents an extraordinary opportunity for us to broaden our impact in this important market,” Ms. 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 ever greater claim with DGNY Commercial.”
Daniel Gale Sotheby’s International Realty handled both sides of the transaction in the sales of the Gansett Green Manor in Amagansett, for $6.18 million, and the Inn at East Hampton, for $5 million.
Alison Faranello has been named the chief operating officer of DGNY Commercial, moving up from her previous position of director of corporate development.
“DGNY Commercial is a boutique commercial real estate company that will deliver impactful real estate solutions to our clients,” Ms. 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.”
DGNY Commercial will be headquartered in the Americana Manhasset shopping center along the North Shore’s Miracle Mile.
Staff Writer on Feb 18, 2020