Broad Street Development LLC (BSD), a vertically integrated owner-operator, has launched a new consulting arm called Paradigm Advisory Group. Founded by BSD principals Raymond Chalme and Daniel Blanco, the new arm is designed to protect and enhance the value of distressed real estate assets on behalf of lenders, borrowers, and special servicers.
“In this market climate it is essential for owners to have access to experienced professionals,” said Blanco. “Our expertise with New York office and residential properties has been honed over 30 years through four real estate capital market cycles as owners and developers.”
Paradigm provides comprehensive asset management services including construction oversight, property management solutions as well as leasing in both office buildings or residential units. BSD’s portfolio includes iconic properties such as 80 Broad Street; 55 & 61 Broadway; 370 Lexington Avenue; 40 Bleecker Street; 298 Mulberry Street; 215 Sullivan Street among others.
