Three area real estate veterans who came together three years ago to form a company with their well-known names - Manekin and Abeshouse - are splitting up next week, they confirmed yesterday.
Manekin Brothers Abeshouse will become two separate companies to focus on the regions in which the three principals have developed niches. They say the divorce is amicable, and they plan to continue sharing business.
On Tuesday, Robert and Richard Manekin's company will become Manekin Realty Advisors and will focus on providing real estate services in Baltimore.
Lynn Abeshouse will join with two other professionals to form Abeshouse Partners. Elizabeth Minkin will come from Manekin Brothers Abeshouse and Ken Bernstein will come from David S. Brown Enterprises, an Owings Mills-based developer that will remain Abeshouse's largest client.
Abeshouse plans to open an office in Owings Mills. The Manekins will stay in the city.
"[Manekin Brothers Abeshouse] has been successful in terms of the clients we represent and the volume," said Abeshouse. "Business changes, and different opportunities are created. ... This opportunity came along, and they supported it and encouraged it."
The three have known each other from their days together at Manekin Corp., a real estate company founded by the Manekins' father and uncle.
They said they would find strategic alliances wherever possible.
"There are three things that we'll be doing," said Robert Manekin. "The first is sharing information; the second is referring business, because we're ultimately focused on different submarkets; and the third is jointly pitching and working on projects were there can be a city and/or a county solution."
"And quite frankly, we're already doing this."