The Real Deal New York

Warburg Realty acquires Rubicon Property

January 29, 2014 02:22PM

In its first acquisition of another real estate firm, Warburg Realty purchased Rubicon Property for an undisclosed amount, the companies announced in a release today.

“What attracted us to Rubicon was its forward thinking approach to real estate and strong focus on technology, as well as a thorough knowledge of the Upper West Side market,” Warburg president Frederick Peters said in the release.

Rubicon’s Jason Haber, who co-founded the firm in 2010, said that he looked forward to “bringing our core values of philanthropy and social entrepreneurship to Warburg.”

As part of the deal, Warburg, which has 125 agents throughout Manhattan, will also acquire Rubicon’s storefront at 451 Columbus Avenue. — Hiten Samtani