BOSTON — Continuing to attract experienced talent to its ever-expanding platform, Boston Realty Advisors has hired veteran Anthony W. Biette for the Capital Markets division that is active across a wide variety of product types including multifamily, industrial, office and retail assets. BRA founder Jason Weissman praises the latest arrival for being “extremely established” in his craft with positions over the years for such top-rated brokerage firms as Colliers International, Grubb & Ellis and Newmark, having come over from the latter group which merged three years earlier with G&E.
“We are absolutely thrilled,” Weissman tells Real Reporter this week in calling Biette “a proven professional who is going to have an immediate positive impact on the company,” pointing to a 25-year career in which he has processed over $3 billion in sales volume for clients. “That is a real advantage to have someone you don’t need to train,” he says. “This is a great hire for us, I couldn’t be happier.”
Biette is the latest in a small parade of seasoned professionals joining BRA this decade, with Janice Dumont coming in last year to run the residential division, Advisors Living, and Douglas Adamian hired shortly after that to enhance the suburban team that also features Senior Partner Jeremy Freid, SIOR, and Managing Director Adam Meixner. At least one landlord attributed Adamian’s arrival as the final piece in hiring BRA for a key suburban listing. As in the case of Biette, the Senior Managing Director also hails from Newmark, and BRA previously reeled in another professional from that firm, downtown expert Peter Bean.
“We are really growing in many directions,” says Weissman, pointing to the structured finance team featuring partner Nicholas M. Herz as another recent arrival to support the Capital Markets platform which the founding principal oversees. Besides Biette, who comes aboard as Managing Director, Associate Christopher J. Donato is also a member of that team.
According to Biette, his intention is to play to the strengths of BRA as a prolific middle-market brokerage, the same realm between $2 million and $25 million where he has cobbled together that $3.0 billion plus of closings, largely focused on industrial and office product but with its share of multifamily deals, including one concluding this week in Worcester involving 24 apartments near Holy Cross. Biette also served four years early in his career as a property manager for Dolben Cos., one of the region’s largest residential landlords.
That background as a CPM will allow Biette to help process the unending roster of multifamily listings handled by BRA, although he defers to Weissman’s vast relationships in that field while employing his expertise to build up the industrial and office sales activity. Whatever the request, Biette says he is eager to chime in, lauding BRA for its talent, technology and unbridled enthusiasm. “It has been wonderful,” he says of the new position. “Everybody has so much energy and the collaborative approach and desire to scour the market for listings is just incredible and very refreshing. I told my wife this is going to be a great move.’”
After his stint with the Dolben Cos., the Bowdoin College and McGill University alum helped Meredith & Grew launch its Capital Markets capabilities while there from 1991 to 2005 before joining Grubb & Ellis, that firm taken on four years ago by Newmark. Among his major transactions on the Capital Markets beat was the $113 million medical office sale of 15 Kneeland St. and 260 Tremont St. downtown, $45 million fetched in trading 51 Sleeper St. in the then-unproven Seaport District and another $32.5 million harvesting 250 apartments in Arlington. Biette was also the broker of 745 Boylston St. when investor Bernard Chiu bought the 110,000-sf office building in 2004 for $32 million, a deal of particular note in that is where BRA is headquartered.Tags: Anthony Biette, Jason Weissman