James Nelson

Is James Nelson a Pollyanna?

Mr. Nelson, a partner and managing director at Massey Knakal, believes too much is being made of the tribulations in the city’s sexy, trophy-tower, over-$100 million investment sales market. And too little is being made of the relatively healthy, yet decidedly less glam, more modestly priced market in which his firm specializes.

“As far as the percentage of properties that sell under $100 million is concerned, there are so many more sales,” he said. An obvious, yet oft-overlooked, point.

“Clearly everyone’s been following the Macklowe properties,” Mr. Nelson said, referring to recent trophy-tower transactions that included the record sale of the GM Building.  read more »