Leverage Partner CORE Joins Forces with Related Companies in NYC
Leverage Partner CORE will be expanding its brand and offerings throughout New York City with the announcement that Related Companies has acquired a 50% stake in the company.
CORE specializes in the sales and marketing of premier residential properties, with $855 million in total sales for 2013 and more $4m+ listings than any other firm in NYC.
This partnership with Related Companies, one of the nation's most prominent real estate firms with assets valued at over $20 billion, will optimize new development and resale opportunities for CORE in NYC.
"This is a very exciting announcement for CORE, our exclusive representative for Leverage Global Partners in New York City,” said Leverage President F. Ron Smith. “With the prominence of Related Companies' major real estate developments throughout the United States and around the world, this partnership will further solidify CORE’s position as the leading boutique brokerage in NYC.”
Read more about the new partnership between CORE & Related Companies:
New York Times:
Big Developer and Boutique Firm Join Forces
CORE is the leading boutique real estate brokerage firm in Manhattan, and has marketed and sold over 30 new development projects and generated over $4 billion in sales to date. Founded in 2005, the mission was to create an innovative real estate company offering the best-in-class service to its agents, buyers, sellers and developers. Today CORE has nearly 100 real estate professionals and offices in three prime New York City locations. It is a privately held company, equally owned and managed by Shaun Osher and Related Companies with a partial interest by the Cayre Family. For more information, please visit www.corenyc.com.
Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Abu Dhabi, Sao Paulo and Shanghai and boasts a team of approximately 2,500 professionals. The Company's existing portfolio of real estate assets, valued at over $20 billion, is made up of best-in-class mixed-use, residential, retail, office and affordable properties in premier high-barrier-to-entry markets. Related has developed preeminent mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 28-acre Hudson Yards project on Manhattan's west side. Related also manages approximately $3 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft Hartley plans and family offices. Related is staunchly committed to sustainable design with over $10 billion in green development underway or completed. Related also owns Equinox(R) Fitness Clubs, further expanding the company’s capabilities into the health and fitness arena and enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering, and a partnership interest in Union Square Events, the catering, culture, sports, and events business of Danny Meyer's Union Square Hospitality Group. For more information about Related Companies please visit www.related.com