BEVERLY HILLS, Calif., Nov. 4, 2016 /PRNewswire/ -- On the heels of joining Partners Trust and launching its New Development division, Horacio LeDon has teamed with longtime friend Mark Rutstein to form Iconic Group, a luxury residential group at Partners Trust focusing on high-end homes and bespoke developments. Iconic Group serves its residential clients and commercial developers from offices at Partners Trust in Beverly Hills. Representing home buyers and sellers, Iconic Group focuses on boutique developments and spec homes under $75 million, while the Partners Trust New Development division, also under the aegis of LeDon and Rutstein, handles projects over $75 million. Iconic Group is well-positioned to capitalize on current trends, such as the influx of Silicon Valley buyers to L.A. and the new wave of lifestyle-driven, amenity-rich condo properties in Beverly Hills, Downtown, and the Beaches while leveraging its reach and relationships in other key U.S. markets such as New York and Miami. Collectively, LeDon and Rutstein have sold more than $1.5 billion in residential properties and have consistently ranked in the top 1% of real estate sales professionals in the United States. Rutstein, a native South African and one of Partners Trust's original partners, has been named among Variety Magazine's Real Estate Elite for the past four years, with A-list clients across entertainment and sports. LeDon, formerly president of new development for Douglas Elliman in California and Florida, is recognized by major media outlets for his expertise in the luxury residential arena. "I am proud to partner with Mark Rutstein, a consummate professional whose success and impeccable relationships are the gold standard of real estate," said LeDon. "Mark and I have complementary skill sets that we look forward to parlaying into a great business relationship." "Horacio's experience speaks for itself. After 20 years of friendship, I am excited to join him professionally and create great things together," added Rutstein.