Warburg acquires Rubicon Property

Feb.February 01, 2014 07:00 AM
Frederick Peters

Frederick Peters

In its first acquisition of another real estate firm, Warburg Realty purchased Rubicon Property for an undisclosed amount, the companies said late last month.

“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 a statement.

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

Warburg began operations in 1896.

As part of the deal, Warburg, which has 125 agents throughout Manhattan, also acquired Rubicon’s storefront at 451 Columbus Avenue. The location will operate as the combined firm’s Upper West Side headquarters.

On its website, Rubicon noted that Warburg will continue Rubicon’s charitable work, which involves funding clean drinking water projects in developing nations through the New York–based nonprofit called Charity: water.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Joe Sitt and Charles Scribner’s Sons Building in Midtown (Thor, Google Maps)

Thor’s $150M loan on 597 Fifth heads to special servicing

Thor’s $150M loan on 597 Fifth heads to special servicing
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Steve Witkoff and 4766 North Bay Road (Getty, Douglas Elliman)

Steve Witkoff buys waterfront Miami Beach lot for $8M

Steve Witkoff buys waterfront Miami Beach lot for $8M
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Compass CEO Robert Reffkin (Getty; iStock)

Compass eyes IPO in 2021

Compass eyes IPO in 2021
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...