MADISON, N.J., Oct. 5, 2021 /PRNewswire/ -- Coldwell Banker
Real Estate, LLC and Warburg Realty, two of the most trusted
and exemplary real estate companies in America, have joined
together to form Coldwell Banker
Warburg, a legacy New York
firm leveraging the worldwide global power of the Coldwell Banker
brand name. The new powerhouse Coldwell
Banker Warburg will be fully rebranded in January of 2022,
following filing with the State.
Warburg Realty and Coldwell Banker each bring more than 100
years of industry experience and success, originating from opposite
coasts of the country. The companies were established within a
decade of each other, Coldwell Banker in San Francisco in 1906 and Warburg Realty in
New York in 1896. The newly
combined entity is thus grounded in 240 combined years of industry
knowledge and proven track records of excellence.
Chief Executive Officer of Warburg Realty Frederick Warburg
Peters, along with his management team and elite brokerage force,
will remain with the newly combined company. Warburg Realty will
retain its two prime office locations, comprising more than 120
affiliated sales professionals.
Coldwell Banker Warburg will be
the first acquisition to be fully branded under the Coldwell Banker
Global Luxury program, underlining the significance of a
top-quality New York presence
added to the Coldwell Banker brand's best-in-class client services
in such markets as Los Angeles,
Aspen, Colorado and Miami.
For over 120 years, Warburg Realty has defined the highest
standard in luxury real estate brokerage and has built, managed,
and brokered many of New York
City's most prominent houses and apartments. While Warburg
has maintained a cutting-edge profile and constantly adapted to an
ever-changing industry, the addition of the Coldwell Banker brand's
cutting-edge suite of marketing, education, and state-of-the-art
technology tools will enable the firm to even more effectively
spread its wings. Led by CEO, broker, and real estate innovator
Frederick Warburg Peters and
headquartered on Madison Avenue, the company's affiliated agents
are strategically located across Manhattan to ensure every client has seamless
access to the city's finest properties.
Warburg Realty luxury agents are leaders in the New York Market
and this partnership will provide them with the Coldwell Banker
brand's powerful Global Luxury certification program and access to
a global network of luxury experts to better serve their
high-net-worth clientele. The Coldwell Banker Global Luxury program
represents over $168 million in sales
volume daily based on 2020 data. Having a New York presence will significantly
strengthen the company's global position while reinforcing
Warburg's leadership in the New
York luxury space.
The newly minted Coldwell Banker
Warburg will continue to deliver the same top-quality
services clients have come to expect. Enjoying centuries of joint
experience and on-the-ground resources, Coldwell Banker Warburg will continue to push
the industry forward.
QUOTES:
"This is a groundbreaking moment for both
Coldwell Banker and Warburg Realty. This marks the Coldwell Banker
brand's expansion into Manhattan
and solidifies our presence in the New
York luxury real estate landscape. With its storied legacy
and tradition of extraordinary service, Warburg has earned
significant respect from customers, colleagues, and me. We have a
strong personal relationship, and I have deep admiration for
Frederick and the entire Warburg team. We look forward to further
strengthening our position as a North Star of luxury real estate in
New York City for many more
decades to come."
—M. Ryan Gorman, president and
CEO, Coldwell Banker Real Estate LLC
"I am extremely proud and happy to see Warburg Realty become a
partner in the Coldwell Banker brand's Global Luxury initiative.
Throughout my 40-year career in residential real estate, I have
worked to elevate the integrity and professionalism of our
industry. Working with the Coldwell Banker brand, I am giving
Warburg agents the finest tools to create even more value for our
clients and customers. I know this joining of congruent brands will
benefit us all. We can't wait to get started!"
—Frederick Warburg Peters, CEO, Coldwell
Banker Warburg
Coldwell Banker Warburg will
operate as part of Coldwell Banker Realty, the company-owned
offices of Coldwell Banker. A subsidiary of Realogy (NYSE: RLGY),
which owns the Coldwell Banker company-owned offices, acquired
Warburg Realty.
CLICK TO TWEET:
We're expanding into Manhattan! Welcome Warburg Realty to
@ColdwellBanker. We're #CBProud of this perfect marriage of two
iconic companies and can't wait to light up the sky as NYC's North Star of real estate! #CBLuxury
https://blog.coldwellbanker.com/warburg-realty-acquisition/
About Coldwell Banker Real Estate LLC
Powered by its
network of over 96,000 affiliated sales professionals in
approximately 2,900 offices across 40 countries and territories,
the Coldwell Banker® organization is a leading
provider of full-service residential and commercial real estate
brokerage services. The Coldwell Banker brand prides itself on its
history of expertise, honesty and an empowering culture of
excellence since its beginnings in 1906. Coldwell Banker Real
Estate is committed to providing its network of sales professionals
with the tools and insights needed to excel in today's marketplace
and is known for its bold leadership and dedication to driving the
industry forward. The brand was named among the 2021 Women's Choice
Award® Most Recommended brands for customer
experience and overall quality. Blue is bold and the integrity and
values of Coldwell Banker give the Gen Blue network an unbeatable
edge. 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. To join Coldwell Banker Real
Estate and unlock the possibilities of Gen Blue®, please
visit www.coldwellbanker.com/join.
About Coldwell Banker Global Luxury®
The Coldwell
Banker Global Luxury® program legacy traces its
roots to 1933 and has been a world leader in luxury real estate
since. Coldwell Banker Global Luxury Property Specialists are an
exclusive group within the Coldwell Banker organization, making up
under ten percent of independent sales associates affiliated with
the brand worldwide. Coldwell Banker affiliated agents
conducted 27,595 transactions of homes priced at $1 million or more in 2019, more than any other
national real estate brand. This equates to $144.4 million in sales every day with an average
sales price of $1.9 million in this
category. Coldwell Banker, the Coldwell Banker logo Coldwell Banker
Global Luxury and the Coldwell Banker Global Luxury logo are
registered marks owned by Coldwell Banker Real Estate LLC. Each
franchise is independently owned and operated.
About Realogy Holdings Corp.
Realogy (NYSE: RLGY) is
moving the real estate industry to what's next. As the leading and
most integrated provider of U.S. residential real estate services
encompassing franchise, brokerage, relocation, and title and
settlement businesses as well as a mortgage joint venture,
Realogy supported approximately 1.4 million home
transactions in 2020. The company's diverse brand portfolio
includes some of the most recognized names in real estate: Better
Homes and Gardens® Real Estate, CENTURY 21®, Coldwell
Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®,
and Sotheby's International Realty®. Using innovative technology,
data and marketing products, high-quality lead generation
programs, and best-in-class learning and support services, Realogy
fuels the productivity of its approximately
194,200 independent sales agents in the U.S. and more than
142,700 independent sales agents in 117 other countries and
territories, helping them build stronger businesses and best
serve today's consumers. Recognized for ten consecutive years as
one of the World's Most Ethical Companies, Realogy has also been
designated a Great Place to Work four years in a row and is one
of LinkedIn's 2021 Top Companies in the U.S.
Media
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Real Estate LLC
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SOURCE Coldwell Banker Real Estate LLC