New York City-based brokerage Warburg Realty has acquired the 12-agent firm Rubicon Property and its prime Upper West Side office.

The acquisition establishes a fourth office for the long-standing Manhattan brokerage and brings its agent count to 137, Warburg Realty President Frederick Peters told the New York Observer.

Rubicon’s CEO, Jason Haber, who co-founded the firm in 2010 and donated a portion of the firm’s revenue to a clean water charity, will join Warburg Realty in the deal.

Peters said he happened to meet Haber, liked him and his firm, which propelled his decision to pursue the acquisition. Peters says Brooklyn is also within the firm’s sights.

Source: New York Observer

Editor’s note: A previous version of this wire stated incorrectly that Warburg Realty’s President Frederick Peters told the New York Observer that his firm’s acquisition of Rubicon Property delayed its expansion plans in Brooklyn. In fact, he told the paper that Warburg Realty had been thinking of opening an office in the borough and still hopes to.

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