Coldwell Banker Warburg Partnering with Leading New Development Firm Reuveni LLC

Rhea-AI Summary

Coldwell Banker Warburg has announced a partnership with Reuveni LLC, founded by industry expert Shlomi Reuveni, to enhance its luxury real estate offerings in New York City. The partnership, effective April 12, 2022, will allow both firms to leverage their reputations and expertise in new development projects while operating as separate entities. Coldwell Banker Warburg, known for closing over $267 million in luxury sales daily in 2021, will manage Reuveni's resale and leasing businesses and collaborate on marketing and branding initiatives.

Positive

• Partnership with Reuveni LLC enhances Coldwell Banker Warburg's presence in the new development market.
• Coldwell Banker Warburg closed over $267 million in luxury sales daily in 2021, showcasing strong market performance.
• Collaboration expected to drive substantial business growth and broker recruitment.

Negative

• None.

Coldwell Banker Warburg continues its commitment to leading in luxury real estate and establishes a new development arm 

NEW YORK, April 12, 2022 /PRNewswire/ -- Coldwell Banker Warburg, the premier brokerage that's been at the forefront of New York luxury real estate for more than 100 years, is announcing today a new partnership with Shlomi Reuveni who, in 2017, founded Reuveni Real Estate, the independent new development sales and marketing brokerage. The partnership, under the name Reuveni LLC, will continue to operate as a separate line of business, focusing on brokerage, sales, and marketing of new development projects, and will function as an integral part of the Coldwell Banker Warburg family. 

"I could not be more excited to announce our new partnership with Reuveni LLC. Shlomi, in addition to being the consummate new development professional, is a dear friend and colleague, and I cannot wait to see the value we add to our businesses by working together," said Frederick Warburg Peters, president of Coldwell Banker Warburg.

Coldwell Banker Warburg, created in October of 2021 by the acquisition of Warburg Realty, became the first firm ever to be fully-branded Coldwell Banker Global Luxury, a high-value operation of the famed brokerage, which, during, 2021 closed more than $267 million in luxury sales every day. Going forward, Coldwell Banker Warburg will manage Reuveni LLC's growing resale and leasing businesses. Additionally, Shlomi Reuveni, Reuveni LLC's founder, president, and CEO, will work hand-in-hand with Coldwell Banker Warburg's agent recruitment efforts. The two brands will also combine business development strategies, marketing, public relations, branding, and social media initiatives to expand their reach and influence with New York City's brokerage community, developers and industry professionals.

By allying with Reuveni LLC, which specializes in the new development sector, the two firms are now able to leverage their stellar reputations and collective market expertise. This presents both firms with a unique opportunity for substantial business growth, broker recruitments, and client services, while continuing to work as separate, aligned brands, focused on their individual and independent strengths. 

"I am very excited about my partnership with Coldwell Banker Warburg. Fred is the ultimate real estate broker, he is an iconic industry leader with an impeccable reputation and a four-decades, encyclopedic knowledge of our industry. He has built an amazing brokerage company with top notch agents and management. On a personal level, I love the man, he is a true mensch, and I can't wait to start working closely with him," said Shlomi Reuveni. "Coldwell Banker is a legendary firm with a vast and deep national and international presence and exposure. I am very impressed with their powerful new branding, marketing and technology tools which we will be soon utilizing with our developers, brokers, and projects. I am a 35-year veteran of our industry, and I truly believe that our new partnership and collective leadership is now the most unique brokerage and sales platform for New York City brokers and developers alike."

The partnership goes into effect on April 12, 2022. Coldwell Banker Warburg will now leverage its 240 years of real estate expertise with Reuveni's industry-leading resources to leave their mark on the new development market.

Read more about the partnership here: cbwarburg.com/reuveni  

About Coldwell Banker Warburg  
Coldwell Banker Warburg, formerly Warburg Realty, is a leading residential real estate brokerage in Manhattan. In 2021, it became the first company to be fully branded under Coldwell Banker Global Luxury®, part of Coldwell Banker, one of the oldest and most established residential real estate leaders in North America. The legacy firms boast over two centuries of collective experience, offering agents and their clients a global network of resources, marketing power, and international presence. Coldwell Banker Warburg is led by President Frederick Warburg Peters, who previously spent more than 30 years as Warburg Realty's CEO. The brokerage is owned by a subsidiary of Realogy Holdings Corp (NYSE: RLGY), the largest full-service residential real estate services company in the United States.

About Reuveni LLC 
Reuveni LLC is a privately owned and operated brokerage company founded by industry expert Shlomi Reuveni. The firm focuses on the sales and marketing of conversion and ground up new development projects. With more than 30 years of real estate experience and an impeccable reputation, President/CEO Reuveni has successfully collaborated with the New York City real estate brokerage community, developer clients, and industry professionals. Reuveni is known industry-wide for his hands-on approach, and has been the driving force behind the design, pre-development planning, marketing and sales process of over $3 billion of conversion and ground up new development projects.

Reuveni LLC's development services include research and analytics, pre-development planning and design, marketing and branding, brokerage and sales, and advisory services.

Contact:	Jesse Kent
	jesse@derringdo.com

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SOURCE Coldwell Banker Warburg

FAQ

What is the partnership between Coldwell Banker Warburg and Reuveni LLC?

Coldwell Banker Warburg has partnered with Reuveni LLC to enhance their luxury real estate offerings and focus on new development projects in New York City.

When did the Coldwell Banker Warburg and Reuveni LLC partnership take effect?

The partnership officially took effect on April 12, 2022.

What significant business performance did Coldwell Banker Warburg achieve in 2021?

In 2021, Coldwell Banker Warburg closed more than $267 million in luxury real estate sales every day.

How will Coldwell Banker Warburg benefit from the partnership with Reuveni LLC?

The partnership allows Coldwell Banker Warburg to leverage Reuveni’s expertise in new developments, driving business growth and enhancing client services.