New firm tries the slow-and-steady approach

From the January issue: When Yale Klat and two partners launched the real estate brokerage Manhattan Residential Group last May, they decided to take it slow. For four months, the fledgling sales and rental firm didn’t recruit a single agent. Instead, the partners set up systems to support later growth.

Now, those systems are beginning to bear fruit. The firm is finally celebrating its grand opening with a cocktail party on Jan. 27. The bash will be held at the company’s new 1,300-square-foot office at 125 Maiden Lane, where its 19 agents and staff recently moved from a smaller space in the building. [more]