​​Broad Street Development launches special situations asset management arm
Investors - APRIL 18, 2023

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​​Broad Street Development launches special situations asset management arm

by Kali Persall

​​Broad Street Development (BSD), a vertically integrated owner-operator, has launched a new consulting arm, dubbed Paradigm Advisory Group.

Paradigm will provide value-added asset management, construction, property management and leasing in both the office and residential sectors. The company will also protect and enhance the value of distressed real estate assets on behalf of lenders, borrowers and special servicers.

With decades of construction, leasing, restructuring, conversion, property management and marketing experience, Paradigm said its team will seek to stabilize and preserve the value of New York City assets caught up in the challenging interest-rate environment, coupled with increased capital costs and declining operating fundamentals. Clients will benefit from the firm’s established relationships with some of the industry’s most prominent lenders and investment funds, including PBB, Cigna, MetLife, Barings, Prudential, Blackstone, Crow Holdings, R

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