The Real Deal New York

Keller Williams NYC absorbs fledgling brokerage

Portman Realty brings with it 16 agents

October 17, 2012 04:30PM
By Guelda Voien

From left: 354 East 91st Street and Keller Williams CEO Eric Barron

Newcomer brokerage Portman Realty has been absorbed by Keller Williams NYC — and at its new home will be called the Portman Group at Keller Williams NYC. All 16 Portman agents will join Keller Williams, executives from Portman told The Real Deal.

The deal, which was effective as of today, will provide Portman — the brokerage that last month sold the Electra, at 354 East 91st Street, for $95 million — access to Keller Williams’ national and international networks of clients and contacts, executives said.

The Portman Group will continue to offer a three­-pronged approach to its business, as a brokerage for both residential and commercial investment properties, as a property manager and as a consultant for property owners, said Benjamin Benalloul, a principal with Portman.

The group plans to expand to 25 total agents in the next six months, Benalloul said.

“I am very excited that this dynamic group of individuals will be joining us,” Keller Williams NYC CEO Eric Barron said in a statement to The Real Deal. “They’re smart, unbelievably ambitious, and very well connected in the New York City marketplace.”

The Portman executives were indeed ambitious when they spoke with The Real Deal today. “We are the next generation of Howard Michaels(es),” said another Portman principal, Daniel Messing, referring to the chairman and CEO of international real estate investment banking firm the Carlton Group.

All agents at Portman, which formed only 18 months ago, are under age 29, Messing added. Since its inception, Portman has sold “more than $100 million,” worth of real estate, Messing said, and is in contract on another $30 million, including a $17 million mixed-use property in the Bronx’s Pelham Bay area.

5 Responses to “Keller Williams NYC absorbs fledgling brokerage”

  1. October 17, 2012 at 10:06 pm, realtor1968 said:

    What a disaster… people please do your diligence before working with a child!!!
    These Portman guys are a total joke.

  2. October 18, 2012 at 12:59 am, realtycoon said:

    Keller Williams is really on a roll here. I’ve worked with Portman before but had a different experience. I went out with their agent James Gibbs last week. I was picked up by their company driver, taken to see great units in Williamsburg, and was then even taken on a tour of the surrounding area. James was very knowledgable about everything and as professional as they come.

    Bravo and good for you young men! Don’t let anyone tell you otherwise!

  3. October 18, 2012 at 12:30 pm, 3CPO said:

    Interesting person to model themselves after

    • October 22, 2012 at 5:00 pm, thestraightener said:

      The first step to becoming a next generation Howard Michaels is to use the men’s room, but never, ever wash your hand afterwards.

      I know this to be true, for I have seen this with my own eyes…

  4. October 24, 2012 at 5:29 pm, Ashley Schaffer said:

    The next Howard Michaels…lol…they must be his friends..NO ONE wants to be the next Howard Michaels..unless they mean that they want to not pay anyone, employees and vendors alike…What a tool this guy is…he goes from lawyer to lawyer, stiffs them on a bill, then hires another one..rinse and repeat… Woo!

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