New York City is GMAC Real Estate's Kind of Town

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GMAC Real Estate and William B. May Commercial Real Estate have formed a strategic partnership, and under the name GMAC Real Estate International Properties Group will bring "Premier Service" to New York City.

George F. Donohue, president of William B. May Commercial Real Estate, part of the nation’s oldest real estate firm, announced today that it has been selected by GMAC Real Estate to become the international company’s newest strategic partner. The company’s New York City office will immediately begin doing business as GMAC Real Estate International Properties Group (IPG).

Backed by the national resources of GMAC Real Estate and the Premier Service Program    

“We are extremely proud to become GMAC Real Estate International Properties Group,” said Donohue, which has more than 1,300 offices and 22,000 sales associates throughout North America. New Yorkers have trusted William B. May for their real estate needs since 1866. Our local expertise and contacts, backed by the national resources of GMAC Real Estate and the Premier Service Program – a process of listening to consumers, establishing expectations and committing in writing, performing, and then measuring and evaluating afterwards, is a powerful combination of services for both lessors and lessees.”

“GMAC Real Estate IPG is positioned to play a leading role in the New York real estate world. Our strategic partnership will enable us to expand our reach and range of services to meet the growing demands of discriminating New Yorkers,” said Donohue, president of GMAC Real Estate IPG. “We can deliver more services than any other real estate brokerage company. GMAC is the Goliath when it comes to service. The GMAC enterprise can provide traditional real estate brokerage services for both commercial and residential, construction financing, insurance, asset management, credit lines and many other key services.

"We have real estate professionals around the world on the ground living and breathing their local markets. Our New York office will become the nucleus for servicing our international clientele.” Donohue is the former director of real estate at the World Trade Center, where he managed one of the largest real estate portfolios in the world.

Aggressive acquisition and recruiting campaign in progress

GMAC Real Estate IPG is pursuing an aggressive acquisition and recruiting campaign. “We are determined to grow the company in New York, and are currently in discussion with several area firms. We are bringing on board the best and the brightest professionals in the metropolitan area. We have a lot to offer: GMAC Real Estate is the only major brokerage company to make available health benefits, 401K plans, educational loans, vendor discounts and a whole host of other benefits to brokers. We think that New York City is GMAC’s kind of town,” Donohue declared.

Premier Service for our premier clients

GMAC Real Estate IPG’s past and current clientele include involvement with Carl Icahn in a $75,000,000 acquisition in Florida; several Fortune 500 retailers;, Shunra Software, and Flextronics International USA; Ogaki Kyoritsu Bank and Nikkei Business Publications; Tianjin Tower and the Shanghai Stock Exchange in China; Michael J. Fox Foundation for Parkinson’s Research; the Permanent Mission of Luxembourg, representing the first European Union member to lease space in the US; the commercial and residential real estate portfolio of the widow of the late Dr. Robert Atkins; and well known food giants Krispy Kreme, Yummy Japan, Pita Pit and Nathan’s.

GMAC Real Estate IPG’s professionals share a tremendous sense of excitement about the new strategic partnership. Jay Feiertag, Senior Vice President, said, “GMAC Real Estate provides us the platform to truly take care of our customers, no matter how large or small, anywhere in the world.”

Pam LaDew, Senior Managing Director, noted that “we work with the most demanding executives in the world, who appreciate the value of having one company to go to for their leasing, buying, selling and financing needs. They can count on our expertise and experience.”

GMAC Real Estate IPG is the exclusive broker for Liberty Harbor in Jersey City, NJ, which will offer 4 million square feet of state-of-the-art office space, 750,000 square feet of retail space, and 6,000 residential units on completion. GMAC Real Estate IPG has sales professionals serving the New York City area, with its main office is located at 505 8th Avenue, New York, NY 10018, 212-620-2611. GMAC Real Estate has more than 1,300 offices and 22,000 sales associates throughout North America.



NEW YORK, NEW YORK 10018-4549

FAX: 212-265-8751

“An independently owned and operated firm”

Contact: Benita Gayle-Almeleh


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Benita Gayle-Almeleh