MADISON, NJ - (Marketwired - Sep 4, 2013) - Coldwell Banker Real Estate LLC announced that six brokerage companies joined the Coldwell Banker® system in the United States and Canada, and the Company executed a new master franchise agreement for Switzerland during the first half of 2013. The new firms combined for more than $1.3 billion in 2012 sales volume. Additionally, 14 existing Coldwell Banker affiliated companies expanded their operations by opening new offices through expansions, mergers or acquisitions.
The Coldwell Banker® brand entered the Manhattan market in June when The Bellmarc Group, consisting of Coldwell Banker Bellmarc and Coldwell Banker AC Lawrence, joined its franchise network. Coldwell Banker The Bellmarc Group has 600 real estate agents working in seven Manhattan office locations.
The Coldwell Banker system also added to its large presence in Northern California, specifically along the I-80 corridor between San Francisco and Sacramento. Kappel & Kappel Realty, Inc., in Vacaville, Calif., and Solano Gateway Realty, Inc., in Fairfield, Calif., merged to form Coldwell Banker Kappel Gateway Realty, which has seven offices and 230 agents.
"The first half of 2013 was highly strategic for us from a domestic and international growth perspective," said Budge Huskey, president and chief executive officer for Coldwell Banker Real Estate, LLC. "There is no doubt that having a presence in Manhattan was critical, and we were thrilled to enhance our presence in the greater San Francisco market, the birthplace of our company. Brokerage operations who emerged from the recessionary period continue to recognize how affiliating with the Coldwell Banker brand can play in positively impacting their growth and profitability."
Below is a list of companies in the United States and Canada that joined the Coldwell Banker residential system during the first half of 2013:
The following Coldwell Banker affiliated companies expanded their residential operations during the first half of 2013 through mergers, acquisitions or by opening new branch offices:
Other notable highlights this year included:
Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker® is the oldest national real estate brand in the United States and today has a network of more than 83,000 sales agents working in approximately 3,100 offices in 51 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On Location(SM) YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Coldwell Banker is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.
Heather Roberts
Coldwell Banker Real Estate LLC
973-407-5590
Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate.