Founded in 1974 by the late Benny Caiola, CAIOLA Real Estate Group (formerly B&L Management) is and has always been a family-owned business focused on building, managing, and investing in prime New York City residential and commercial properties. Since its inception, CAIOLA’s real estate development and transaction activity has been driven by Benny’s straight-forward business model of building and operating well-located apartments that provide residents with a superior quality of life and offer the highest level of management services.
CAIOLA is now operated by Benny’s sons, Alfred and Luigi Caiola, who have each taken a hands-on approach to development and management throughout their many years working for the company. Alfred and Luigi bring unique perspectives to their leadership roles at CAIOLA, as they have both been involved in real estate across the spectrum – from construction, through property and asset management, to project finance.
CAIOLA is known and trusted for its record of exceptional service, responsiveness and an emphasis on transparency. The company has continuously proven its ability to navigate changing market conditions and living trends, consistently adapting in a way that has ensured the success of its business.
Over the past several years, CAIOLA has focused on reassessing, modernizing, and refining its business strategies, providing expanded third-party property and asset management services rooted in technology and transparency. The company is also bolstering its commercial portfolio, with plans for additional office and retail property acquisitions.