Firm to Manage Retail Portfolio

NEW YORK, NY — Spandrel Property Services, Inc., property management and

brokerage affiliate of luxury resort and condominium developer, R.A.L. Companies &

Affiliates, announced it has commenced third party services that include residential and

commercial property management, developer related services, and commercial


The firm has already rolled out a brand-new, state-of-the-art Sage Timberline software

program that will allow Spandrel to provide cutting edge oversight and detailed reporting

to meet the specific needs of its new third party clientele.

“Spandrel’s expertise is broad and rooted in the management of its own residential and

commercial properties,” said Ian Levine, president of Spandrel. “Understanding both

sides of the penny and the unique relationship between asset and owner enables us to

transcend the typical third party relationship and offer an approach that is both personal

and exceptionally-skilled.”

A one-stop shop, Spandrel’s affiliate companies—R.A.L. Companies & Affiliates,

Creative Design Associates, A.S.I. Building Services, Site Development Associates and

Design Construction Consultants—allow the firm to offer unparalleled expert service and

consultation on residential and commercial development and management from soup to

nuts. Expertise consists of developer related services including, but not limited to,

acquisition and budget analysis, financing package preparation, construction finance

requisition preparation and monitoring and owner representation.

Spandrel has already secured some third party business. It is managing 40,000 square feet

of retail space at 5400-5460 Myrtle Avenue and 749-753 Wyckoff Avenue in

Ridgewood, Queens for longstanding landlord, Shire Realty.

“Spandrel has added tremendous value to our portfolio of retail property, completing

leases for over 20,000 square feet with increased rents of over 10 percent,” says Rena

Shulsky, president and CEO of Shire Realty. “While Ian is highly skilled and

knowledgeable, his company maintains the personal touch of a boutique business, which

is what helps Spandrel to stand apart.”


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