Longtime Broker Acquires Rakow Commercial Group

John Jordan | January 2019

David Richman, newly named CEO of Rakow Commercial Realty Group

WHITE PLAINS—Rick Rakow, founder of Rakow Commercial Realty Group reported that David Richman, long time senior broker at the firm, has acquired the company and is the brokerage firm’s new CEO.

Richman will run the day-to-day operations of the firm, with Rakow stepping into his new role as co-chairman, working side-by-side with Richman to further grow the firm while continuing to serve its clients.

Rakow Group is a full-service commercial real estate firm that serves the office, medical, retail, investment, and industrial markets in Westchester and Fairfield counties with over 30 years’ experience. In addition to its several thousand transactions, they have represented such organizations as IBM, White Plains Hospital, Bleakley Platt & Schmidt, Citrin Cooperman, Feeding Westchester, illy cafe’ North America and PURE Insurance.

“I am thrilled for David,” says Rick Rakow, who will continue at Rakow Group for the foreseeable future. “With his amazing record, I always knew he’d be the one to lead the next generation of Rakow Group. I look forward to working with him to support the business and its terrific growth trajectory.”

Richman joined the firm in 2002 and has more than 16 years of experience in commercial real estate. He was named one of Westchester County’s Rising Stars in 2009 by the Business Council of Westchester. He attributes his success to maintaining strong client relationships, being persistent, and providing personalized hands-on service.

“I am excited, grateful, and humbled to be able to continue the tremendous legacy and fine reputation that Rick and our team have built,” he says. “There is no greater pleasure than being able to bring about positive outcomes for the tenants, buyers, landlords and sellers who turn to Rakow Group for representation.”

In addition to his volunteer activities with the Pediatric Cancer Foundation and Burke Rehabilitation Hospital, Richman has served on the Board of Directors of Kids X-Press and the Advisory Board of the Lighthouse Guild. He is president of the Executive Forum Business Group, and an active member of the Business Council of Westchester and the Westchester County Association.

John Jordan
Editor, Real Estate In-Depth