TO
SHOW FIRST:



AMENITIES
SPECIAL MARKETS
PROPERTY TYPES
TO
SHOW FIRST:



AMENITIES
SPECIAL MARKETS
PROPERTY TYPES

Learn

Share
Share
Save
Save

Coldwell Banker Merger/Acquisition Activity up 71% in 2008

03-30-2012
Tags:
None

COLDWELL BANKER AFFILIATED COMPANIES IN U.S. AND CANADA INCREASED MERGER/ACQUISITION ACTIVITY BY 71 PERCENT IN 2008; BRAND ALSO ADDED 22 NEW COMPANIES IN 2008


Vietnam and St. Kitts Office Openings Increased International Presence Last Year


PARSIPPANY, N.J. (March 9, 2009) – The downturn in the real estate market provided opportunities for 96 Coldwell Banker® affiliated companies in the United States and Canada that increased their size and scope in 2008 through mergers and acquisitions.

The Coldwell Banker system added 22 new companies in the U.S. and Canada including Coldwell Banker Integrity (Rancho Cucamonga, Calif.), Coldwell Banker Select Professionals (Lancaster, Penn.) and Coldwell Banker Castle Pines (Castle Rock, Colo.)

Coldwell Banker branded international franchisees also opened offices in Vietnam and St. Kitts.

“I remain bullish on housing and the success of the Coldwell Banker brand,” said Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate LLC.  “Yes, market and economic conditions have reduced the number of homes sold and home prices nationally, but our continued work to renew our affiliated companies, help them grow in size, scope and profitability and at the same time continuously add new affiliates speaks extremely well for what our great brand stands for.”

Gillespie pointed out that the merger/acquisition activity was 71% higher than in 2007 and was highlighted by activity at: Coldwell Banker United (Bryan, Texas); Coldwell Banker Hubbell Briarwood (Lansing, Mich.); and Coldwell Banker Select (Tulsa, Okla.). 

“We continually stressed to Coldwell Banker affiliated companies that merger/acquisitions in this market represent a great opportunity to increase market presence,” Gillespie said.  “In many cases our corporate staff helped by conducting seminars and one-on-one consultations to assist in the negotiations that took place, but the credit goes to the broker/owners who aggressively sought to make deals and then integrate the newly joined sales associates and management teams.”

About Coldwell Banker®

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 approximately 83,000 sales agents working in approximately 3,100 offices in 50 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 LocationSM 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 Real Estate LLC will never sell or provide information to a third party without your prior consent.
Click here to see our full Privacy Policy and Terms and Conditions of Use
New Search
Top Tools

Choose a Currency close window close