Georgia Malone
Georgia Malone is president of Georgia Malone & Company, Inc.
(Maloneco), a real estate consulting and brokerage firm based in New York, with
a strong niche in the apartment building, hotel, and retail/office leasing
markets. Maloneco represents both buyers and sellers of these properties.
Georgia Malone started her company nine years ago after earning a reputation as
a highly sought after landlord tenant litigator at Borah Goldstein Altschuler
and Schwartz, a top real estate law firm, where she was a senior partner.
Georgia Malone has managed to compete with larger companies in the industry by
taking risks and setting her own goals, without adhering to the expectations of
traditional brokerage firms. By employing her own novel entrepreneurial approach
to the highly competitive real estate market in New York, Maloneco has become
one of the most successful niche brokerage firms in the city.
One of the distinguishing features of Maloneco’s success is in identifying
off-market properties which avoid wasted time and money spent on bidding and
unnecessary due diligence. Maloneco’s experience and understanding of the real
estate market, the upside and market value of regulated apartment buildings and
the complexity of New York rent laws have been instrumental in enabling them to
deliver financially beneficial deals for their buyer and seller clients.
As of October 2007, Maloneco has grossed over one billion in real
estate transactions, including a very substantial multi-family portfolio. None
were on the market.
AIMCO, a $15-billion NYSE-listed REIT, the country’s largest owner of
multi-family properties, hired Malone to represent them as they started to
acquire and invest in properties around Manhattan. On behalf of AIMCO,
one of the first REIT’s to enter the NYC market, Maloneco was able to
identify and negotiate the purchase of over 32 multi-family buildings with
retail properties with tremendous upside potential on the Upper East and Upper
West Sides of Manhattan.
Maloneco was instrumental in the development of the Battery Park City
entertainment, retail and Embassy Suites Hotel project and the 465-room Hilton
Hotel on 42nd Street and Times Square. Together those deals amounted to
$380,000,000. Over the past two years, Maloneco has represented a consortium of investors
in over $900 million worth of transactions including an 88-building portfolio in West
Harlem for $270 million, the Herald Towers for $262 million and a 45-buiding portfolio
that spans three boroughs, Manhattan, the Bronx and Brooklyn for $162 million.
Prior to establishing Georgia Malone & Co. Inc., Malone had more than a decade
of experience working on landlord/tenant issues as a senior partner with Borah
Goldstein Altschuler & Schwartz, as general counsel of the Rent Stablization
Association (RSA), where she co-authored two books on landlord-tenant law. She
has also served as a lobbyist for landlords and developers on issues before the
City Council and in Albany. Ms. Malone was also an adjunct professor in
commercial tenant and landlord law at New York University.
Malone, who is also an artist, attends classes regularly at The Art Students
League of New York.
For the Museum of Modern Art (MOMA) in New York, Malone serves on the board of
the Contemporary Arts Council, helping to raise money to fund the museum’s new
artist collection.
She has also been an active fundraiser in the preventative healthcare field.
Malone has served on the board of the Weill-Cornell Medical Center for
Complementary and Integrative Medicine. She also served on the board of the
Delos Foundation, which helped raise millions of dollars to build a 350-acre
healing center in Phoenecia, N.Y. for the Dalai Lama which offers alternative
healing methods to treat chronic diseases.
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