Cooper-Horowitz Launches Investment Sales Platform
By Cathy Cunningham September 4, 2018 6:00 am
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Cooper-Horowitz is launching an investment sales platform and has hired two professionals from Winick Realty Group to lead the charge, Commercial Observer has learned.
Elana Tsyganko and Max Kostikov—previously directors in Winick’s investment sales group—will head up the platform, and also participate in Cooper-Horowitz’s real estate advisory and debt arranging businesses. The duo starts this week, working out of the firm’s office at 622 Third Avenue, between Lexington and Third Avenues.
“We’ve looked very carefully at launching an investment sales platform for some time and are very excited to have Elana and Max join,” said Richard Horowitz, a principal of Cooper-Horowitz, which has arranged financing for real estate transactions since 1964. “Their experience and capabilities will help to grow the business as well as complement our existing services.”
Horowitz told CO that the decision to launch an investment sales platform now was partly driven by recent consolidation in the industry. “As a result, talent is moving and, like others, we wanted to take advantage of that opportunity,” he said.
Tsyganko and Kostikov specialize in off-market transactions across asset classes, closing sales on more than 100 acres of development opportunities between them in the five boroughs, as well as various 1031 exchanges upwards of $50 million.
Tsyganko told CO that she and Kostikov are “excited to bring our experience and market knowledge to Cooper-Horowitz,” and combine their investment sales skills with the firm’s financing expertise.
Tsyganko has closed and managed more than $100 million in real estate transactions across asset classes over the past decade. She joined Winick in July 2017 and prior to that held roles at Nest Seekers and MetroPolitan Property Group.
Kostikov has six years of leasing and investment sales advisory experience under his belt in residential, commercial and mixed-use properties throughout the five boroughs. He also joined Winick in 2017 and prior to that held a position at Venture Capital Properties.
Officials at Winick Realty Group could not immediately be reached for comment.
