Monday 26 November 2018

As margins shrink, bigger resi firms are getting more aggressive in trying to scoop up niche NYC brokerages

Dexter Guerrieri co-founded Vandenberg, a boutique brokerage specializing in the venerated Manhattan townhouse market, back in 1990. Over the years, he turned away suitors trying to get him to sell the small, independent shop. But two years ago, with the market taking a turn for the worse and competition intensifying, Guerrieri and co-founder Jane van den Berg Ordway, his wife, went hunting for a buyer. Then this past August, Douglas Elliman, the city’s largest residential brokerage, […]



source https://therealdeal.com/issues_articles/residential-target-practice/#new_tab

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