Developers Group merges with the Real Estate Group of New York
June 12, 2009 05:00PM
Daniel Baum
Brooklyn-based brokerage the Developers Group is merging with Manhattan's Real Estate Group of New York, creating one firm with reach in two markets. The new firm, temporarily known as TDG/TREGNY, has 70 agents. Financial terms of the merger were not released. Daniel Baum, co-founder of the Real Estate Group, will be the CEO of the new firm. The Developers Group was founded six years ago and specializes in marketing new developments in Brooklyn, while the Real Estate Group, founded in 2004, focuses on Manhattan rentals. [Crain's]
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Comments
Anonymous
HAHAHAHAHAHAHAHAHAHAHAHA.
Comment #1 Posted By: Anonymous 06/12/09
Anonymous
The Developers Group was on its last leg anyway. Nothing in the pipeline and losing developments and agents right and left. They have 1 serious development - The Edge - and they are likely to lose that as well. Promising developers $800 per foot doesn't work anymore, huh?
Comment #2 Posted By: Anonymous 06/12/09
Anonymous
The Developers Group is merging with another winner. Rock on.
Comment #3 Posted By: Anonymous 06/12/09
Anonymous
TDG is the worst joke out there. They claim they are a marketing company and yet they don't market anything.
Comment #4 Posted By: Anonymous 06/12/09
Anonymous
Does this mean that when the new company goes out of business one company is going to go out of business or two?
Comment #5 Posted By: Anonymous 06/12/09
Anonymous
Nice one #6.
Comment #6 Posted By: Anonymous 06/12/09
Anonymous
wow...i guess the powerhouse that is tregny, with their same 25 agents will be around for a little longer...whooo hooo...
Comment #7 Posted By: Anonymous 06/12/09
Anonymous
What is the benifit for either firm?? Its nice and impressive to announce mergers, but here you have one firm that almost went out of business (TDG) and another which is probably struggling or just maintaining at best (TREGNY) so what's good about this for the agents?? I have nothing bad to say about either firm..I just dont get it!:)
Comment #8 Posted By: Anonymous 06/13/09
Anonymous
thank God I did not go to, terrible real estate group ny,
Comment #9 Posted By: Anonymous 06/14/09
Anonymous
WHATS NEXT HALSTEAD AND BHS OR ELLIMAN AND CORE LOL
Comment #10 Posted By: Anonymous 06/14/09
Anonymous
OKAY ALRIGHT OKAY YOUR RIGHT OK OK OKAAAAAY
Comment #11 Posted By: Anonymous 06/14/09
Anonymous
Were they actually sued or was it just a threatening letter? I remember it was Ardor that could not take it.
Comment #12 Posted By: Anonymous 06/15/09
Anonymous
Nice to see that mature real estate professionals are reading The Real Deal and commenting here.
Comment #13 Posted By: Anonymous 06/15/09
Anonymous
Nice to see that TDG has the ability to cry to TRD, threaten to spend their ad dollars elsewhere, and have some comments removed!
Comment #14 Posted By: Anonymous 06/15/09
Anonymous
Developers Group sucks! They lie to me saying I can get $825 per foot in one of the worst downturn in US history! Then they don't take my calls! Elan is liar!!!!!! A liar with a smile is still a LIAR!
Comment #15 Posted By: Anonymous 06/15/09
Anonymous
Krasnow and Mann are the only ones worth anything at that company.
Comment #16 Posted By: Anonymous 06/15/09
Anonymous
In all fairness, several professionals at TDG are decent professionals with integrity, and I doubt many negative comments here come from the developers whom worked with these folks in marketing their projects. Yeah, it's not too impressive a company, and the brokers there contributed to the bulls-t of the recent boom and bust, but so did folks at every firm in the city. TDG is no different than any development marketing firm over the last decade and had a nice run for a while...
Comment #17 Posted By: Anonymous 06/15/09
Anonymous
# n17.... Nice run? To the cleaners, maybe - if you're a buyer.
Comment #18 Posted By: Anonymous 06/15/09
Anonymous
oh - the same tdg whose sales/rental efforts brought us such gems as VIRIDIAN going broke, forte remaining unsold, FRESH?
Comment #19 Posted By: Anonymous 06/15/09
Anonymous
Viridian is the biggest joke in all of Greenpoint.
Comment #20 Posted By: Anonymous 06/16/09
Anonymous
It is quite amazing what people will post when they can hide behind "anonymous". What percentage of these types of posts are from competing firms who would like to see a competitor hurt? I would have much more respect for the posts if the posters would put their names and companies. Like that will ever happen. So, as a developer, I will continue to assume that these are disgruntled ex employees or other firms seeking to steal some of TDG’s business by bad mouthing them. Has the real estate industry really fallen this low?
Comment #21 Posted By: Anonymous 06/16/09
Anonymous
The blind leading the blind. What a dumb merger. TREGNY should've been absorbed by Bond or Citihabitats or A.C. Lawrence. Developers Group by Corcoran Sunshine. But they were smart enough to stay away from a sick business with leaders who can only do well in a good market. Now they'll both fall together. Sad state of affairs when businessmen make bad decisions. Obviously, neither company's leaders are capable of making competent decisions making their clients and their agents suffer. They should just quit and go to Florida.
Comment #22 Posted By: Anonymous 06/16/09
me (no longer anon.)
what comments were removed? do tell...
Comment #23 Posted By: me (no longer anon.) 06/19/09
Amazed
It's no wonder brokers in NYC are considered so scummy. These comments are amazing and unprofessional, just like every real estate person I've dealt with in this city. One would think the largest RE market in the US would bring a higher caliber of real estate professional. Apparently, it does not. You should all be ashamed of yourselves and the reputation you have brought upon your chosen industry. I will never trust a broker in New York City.
Comment #24 Posted By: Amazed 06/22/09
Anonymous
Then your dumbass wont ever have a nice apartment in New York City! Go back to long island pal
Comment #25 Posted By: Anonymous 09/22/09