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Deals & Dealmakers

Halstead buys boutique city firm

Diane Ramirez
Diane Ramirez

Halstead Property announced the purchase of REAction International, a boutique real estate sales and rental firm in Manhattan.

Ellie Wald, the founder and a top-ranked broker, will be joining Halstead Property effective immediately and will be working as a broker with a team of SIX agents out of the Park Avenue office.

In addition, approximately 20 agents from the firm will be joining Halstead offices depending on their neighborhood expertise.

In a joint statement, Halstead’s CEO Diane M. Ramirez and president James M. Gricar said: “Ellie has established a strong reputation in the real estate marketplace as a dedicated, innovative and international broker who goes above and beyond for his clients and customers. He also cares greatly about his team, nurturing them in their careers and now carefully helping them get settled at Halstead to ensure their future success. We are so excited to have Ellie and his agents join our firm.”

With nearly 14 years of real estate experience and having completed more than 1,300 transactions, Wald is a native of South African.

He started his own firm in 2010 which quickly grew to include a considerable number of agents.

“When I recognized the opportunity for my firm to join forces with Halstead, I knew that it was a natural progression and that it would create an amazing synergy,” explained Wald.

Financial details were not disclosed.

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