Piquet Realty acquires Portman Realty, Inc.

Piquet Realty, a leading luxury real estate firm with offices in Miami and Orlando, known for their deep ties to the high-end Brazilian investor community, is expanding its foothold in the New York City luxury and commercial marketplace with the acquisition of Portman Realty, Inc., which includes Portman Realty Management, which manages north of 1 million s/f in New York. Cristiano Piquet, who first established his firm in 2008, will be the president and CEO. New York-based Benjamin Benalloul, formerly president of Portman Realty, will be the Vice President. Benjamin will work in tandem with Piquet to lead business development and client service initiatives for Piquet Realty in all regions where the firm operates. "We are extremely excited about the properties Portman Realty, Inc. brings to our already strong portfolio. Portman Realty's exclusive listings in both the residential and commercial space of New York will greatly enhance the Piquet brand in a very important market," said Piquet. "We are equally excited to be working alongside Benjamin Benalloul, who has quickly established himself as a top performer in the real estate industry - and has already built a reputation in the Miami market. With his relationships to the 'who's who' of Manhattan, he makes a great addition to the Piquet team and will certainly be a valued partner who will bring the Piquet brand the next level." In addition to their exclusive properties in Miami, Piquet Realty will now represent some of New York's premier listings with the acquisition of Portman Realty. These listings include billionaire businessman Alexander Rovt's 12,000 s/f Upper East Side townhouse, which comes equipped with a subterranean spa floor and an attached garage complete with a Rolls Royce, a prime commercial building on Water St. and a number of exclusive properties in transitioning areas such as Long Island City. Portman Realty brings together high-end property owners and high-profile clients through relationships they have forged. Piquet Realty can be distinguished from their competition through their international marketing efforts which enhance lead generation. The firm hosts exclusive events that take business development to a new level. The connections to Brazilian investors are second to none. And those investors are appreciative of the attention they receive. In Miami, the firm's core location, Piquet Realty will continue to foster those Brazilian business relationships and continue its focus on a global investor base. "The acquisition effectively distinguishes Piquet Realty as international real estate experts, with a strong record in two of the most expensive - and exclusive - marketplaces in the United States. This is just the beginning. We look forward to enhancing our product offering to our loyal global investor base, and to bringing our unparalleled expertise and service to clients from all corners of the globe," said Piquet.