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Two boutique brokerages merge

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Two boutique residential brokerages in Manhattan have announced a merger. Barak Realty will absorb the Magnolia Group, forming a firm of 23 brokers. The former Magnolia Group brokers will be based out of Barak’s current 72nd Street office, and Magnolia Group owner and founder Maggie Ocampo will be a vice president now at Barak. By Tom Acitelli