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,” says 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.”
For more information, visit www.coldwellbanker.com.
