NEW YORK CITY – HFF announced today that senior managing director Andrew Scandalios has been appointed head of the local New York City investment sales teams, and will assume the role of office head alongside senior managing director Michael Tepedino, who oversees the debt and equity placement teams.
Mr. Scandalios has more than 23 years of experience in the commercial real estate industry and since joining HFF in 2001 he has closed more than $19 billion of commercial real estate sales for multi-housing, office, retail, hotel, land and industrial transactions in the New York City area.
“This change is part of the New York office succession plan to provide growth opportunities to our valued employees and continue to provide ‘best-in-class’ service throughout our multiple business lines," said Mike Tepedino, senior managing director and co-head of HFF’s New York office.
“Andrew has done a remarkable job building the New York investment sales practice for HFF New York over the past three years as our volume and market share has grown at a significant rate. Since 2010, HFF’s investment sales volume in the New York City/Northern New Jersey region is up nearly 600 percent, a truly extraordinary accomplishment, and we have every expectation that under his leadership we will continue our rapid expansion in the NYC area,” added Tepedino.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.comor follow HFF on Twitter at www.twitter.com/hff.