Compiled by Linda Collins
Brooklyn Daily Eagle

At a time when many companies are adopting conservative expansion plans, if any at all, two New York City residential brokerage firms have announced plans to create a new brokerage powerhouse.

The Developers Group of Brooklyn and The Real Estate Group of New York in Manhattan will form TDG/TREGNY, a brokerage and marketing firm that will specialize in new developments, resales and rentals.

Since opening its first office in DUMBO six years ago, The Developers Group has worked on some of Brooklyn’s largest developments, such as The Edge in Williamsburg, The Rialto at 150 N. Fifth St. and Forte at 230 Ashland Place.

Founded in 2004 by Andrew Barrocas and Daniel Baum, The Real Estate Group (TREGNY) has achieved growth through its commitment to customer service and as publisher of the Manhattan Rental Market Report, the only report released on a month-to-month basis.

This merger will build upon The Developers Group’s ability to provide extensive real estate services to both buyers and residential developers, and TREGNY’s in-depth understanding of the marketplace.

The combined company will double in size to more than 70 agents, 50 exclusive rental buildings, and more than 20 new residential developments consisting of 750 units.

The Developers Group CEO and co-founder Elan Padeh will be renamed chairman of the new company while his three partners — Highlyann Krasnow, David Behin and Eric Mann —will remain executive vice presidents. Barrocas and Baum of TREGNY will serve as president and CEO, respectively.

Temporarily named TDG/TREGNY, the company will continue to maintain its Brooklyn offices, but its main headquarters will be located in Manhattan.

“Even in today’s economy, both of our firms are doing very well, so we feel this is the ideal time to collaborate and create a new firm,� said TDG’s Padeh. “By joining forces, we will be able to play off our separate strengths in the real estate market and offer our clients a wider area of expertise, including pre-construction consulting, sales and rental listings, creative marketing, in-depth reporting and a vast network.�

Said TREGNY’s Baum, “This merger will help to position us as a one-stop brokerage.�

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