MADISON, N.J., Jan. 16, 2020 /PRNewswire/ -- Sotheby's
International Realty Affiliates LLC today announced that its
independently owned and operated affiliate, Gibson Sotheby's
International Realty in Massachusetts, has acquired local firm,
Benoit Mizner Simon & Co., which
has achieved more than $4 billion in
sales revenue since its inception. The company will now operate as
Gibson Sotheby's International Realty.
"Boston is a region that
continues to see tremendous growth year-over-year," said
Philip White, president and chief
executive officer, Sotheby's International Realty. "Over the past
14 years, Larry, Paul and their team have achieved notable success
and have provided unparalleled client service to the Boston area. We are proud to support the
continued growth of Gibson Sotheby's International Realty."
The merger expands the firm's presence in the Boston MetroWest
residential real estate market. Co-owned and operated by
Larry Rideout, chairman, and
Paul McGann, president, of Gibson
Sotheby's International Realty, the acquisition expands the
company's footprint to include offices in Wellesley, Weston, Needham, and Sudbury, Massachusetts. Gibson Sotheby's
International Realty now has 22 offices and more than 350
independent sales associates.
"The acquisition marks a significant achievement for our firm
and further increases our presence in the Boston area," said Larry Rideout, chairman and co-owner of Gibson
Sotheby's International Realty. "There is a continued demand for
luxury and residential homes in our market and the right
representation enables us to further drive the success of our
agents."
As part of the merger, principals Debi
Benoit, Amy Mizner, and
Sheryl Simon will join the company,
uniting their esteemed local standing with the Gibson Sotheby's
International Realty firm's premier reputation. The award-winning
company brings their extensive experience and expertise in
representing leading luxury properties across Dover, Natick, Needham, Sudbury, Wayland, Wellesley, Weston, and Westwood.
With this addition, the Sotheby's International
Realty® network now has a total of 46 affiliated
and company-owned offices throughout the state of Massachusetts.
The Sotheby's International Realty network currently has more
than 23,000 affiliated independent sales associates located in
nearly 1,000 offices in 71 countries and territories worldwide. In
2018, the brand achieved a record global sales volume of
$112 billion USD. Gibson Sotheby's
International Realty listings are marketed on the
sothebysrealty.com global website. In addition to the referral
opportunities and widened exposure generated from this source, the
firm's brokers and clients will benefit from an association with
the Sotheby's auction house and worldwide Sotheby's International
Realty marketing programs. Each office is independently owned and
operated.
About Sotheby's International Realty
Sotheby's International Realty was founded in 1976 as a real
estate service for discerning clients of Sotheby's auction house.
Today, the company's global footprint spans nearly 1,000 offices
located in 71 countries and territories worldwide, including 44
company-owned brokerage offices in key metropolitan and resort
markets. In February 2004, Realogy
entered into a long-term strategic alliance with Sotheby's, the
operator of the auction house. The agreement provided for the
licensing of the Sotheby's International Realty name and the
development of a franchise system. The franchise system is
comprised of an affiliate network, where each office is
independently owned and operated. Sotheby's International
Realty supports its affiliates and agents with a host of
operational, marketing, recruiting, educational and business
development resources. Affiliates and agents also benefit from an
association with the venerable Sotheby's auction house, established
in 1744. For more information,
visit www.sothebysrealty.com.
The affiliate network is operated by Sotheby's International
Realty Affiliates LLC, and the company owned brokerages are
operated by Sotheby's International Realty, Inc. Both entities
are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY) a global
leader in real estate franchising and provider of real estate
brokerage, relocation and settlement services. Sotheby's
International Realty Affiliates LLC and Sotheby's International
Realty Inc., both fully support the principles of the Fair Housing
Act and the Equal Opportunity Act.
CONTACT
Melissa Couch
PR Manager
Sotheby's International Realty Affiliates LLC
973-407-6142
melissa.couch@sothebysrealty.com
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SOURCE Sotheby’s International Realty Affiliates LLC