Developers Group merges with the Real Estate Group of New York

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.