ABS Partners Real Estate and PBS Real Estate have merged, the companies announced Thursday in a statement. The announcement comes on the heels of PBS co-founder Laura Pomerantz announcement that she will be leaving to start her own firm.
The companies began discussing a possible merger in early February, Gregg Schenker, co-managing partner and president of ABS Partners, told The Commercial Observer. PBS Real Estate employees moved to ABS Partners' Union Square office yesterday.
"We have watched PBS Real Estate since its inception and have enormous respect for the reputation, brand and results that they have achieved. We are delighted that John and his senior-level brokers, as well as key support people have merged with ABS Partners Real Estate to continue their legacy of best-in-class real estate solutions," Gregg Schenker, co-managing partner and president of ABS Partners Real Estate said in a statement.
Also this week, Laura Pomerantz, a founding partner of PBS Real Estate, announced the founding of her own firm. The new firm, Laura Pomerantz Real Estate, is already working with a number of former PBS retail clients, including Levi's and Ted Baker, according to a statement.
"I'm not familiar with Laura's plan," Mr. Schenker responded when asked if the two business moves were related. "She is a highly respected member of the New York City real estate community and a person I have great respect for."