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Deals & Dealmakers

Another new firm rises from ashes of COVID-19

Andrew Dansker has formed his own firm after seven years with Marcus and Millichap.

He has brought colleagues Matt Michelson, Andrew Marcus, Andy Weiss, Shir Cohen and James Zaepfel, as well as new additions Or Levy and Casey Musiker, to his new Dansker Capital Group, a commercial mortgage brokerage company.

As the industry reels from the economic impact of the coronavirus, Dansker is among a handful of industry veterans emerging from the pandemic as his own boss.

“Our city and our country are facing challenging times—I feel fortunate to be surrounded by an incredible team of capable and dedicated professionals that are achieving meaningful results for our clients despite the adverse market conditions,” said Dansker, who said he left Marcus & Millichap on good terms after the company made a 20 percent cut among salaried staff.

ANDREW DANSKER

His new venture comes after more than seven years at Marcus & Millichap Capital Corporation where he was most recently a First Vice President of Finance. 

Dansker Capital Group will focus on the origination and placement of middle market commercial mortgage loans nationwide.  With a combined 40 years of real estate market experience and over $1B in completed assignments, the members of the new firm will continue to focus on their respective areas of expertise including New York multifamily and mixed use assets, national NNN-leased retail assets, agency and HUD originations and special situation financing.

At Marcus & Millichap Dansker was awarded the Manhattan Office Rising Star Award in 2015, the Sales Recognition Award in 2015, 2016 and 2018 and the National Achievement Award in 2017 and 2019. Prior to Marcus & Millichap, Dansker was a mortgage broker at Cooper-Horowitz.

He said he used his downtime to pursue the formation of his own firm and develop projects including a new podcast as and a new seminar series in partnership with Fordham University Real Estate Institute.

Dansker is an alumnus of the Collegiate School and holds a B.A. from the University of Chicago and a J.D. from the NYU School of Law.

He joins veteran brokers Lev Kimyagarov and Rubin Isak who have also seized opportunity from the coronavirus challenge to launch Development Site Advisors, a company focused on cornering the market in New York development site ventures.

“It’s not just about adding value for our clients, but in a city of over 60,000 licensed agents, you need to differentiate yourself,” Isak told Real Estate Weekly last month.

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