Besen & Associates Is Named CoStar New York City Power Broker

For Investment Sales Transactions in 2008

Besen & Associates has again been named a Power Broker for Sales Transactions in New York City. As a winner of CoStar’s 2008 Power Broker Award, Besen & Associates is ranked among New York City’s top brokerage firms by CoStar Group based on 2008 sales transaction volume. As such, the company is recognized as one of the top commercial real estate firms in the United States. The plaque was officially presented to Michael Besen, Chief Executive Officer of Besen & Associates on July 14th.


The Power Broker Award is based on overall sales transaction volume for 2008 measured against all the commercial real estate brokerage firms active in the New York City market as reported to CoStar. CoStar Group is the leading research/data provider for the commercial real estate industry nationwide. Besen & Associates has previously received the Power Broker award in 2004, 2005 and 2006.


Besen & Associates closed transactions of various asset types in 2008, including multifamily, retail, office and development sites. Properties were sold mainly across Manhattan and the outer boroughs.



Noteworthy transactions included an assemblage in the Times Square area sold for $252,500,000.