With strategic acquisition, industry renowned
Coldwell Banker Bain in Washington and Oregon to become a Coldwell Banker
company-owned operation
MADISON, N.J., April 19, 2022 /PRNewswire/ -- Coldwell Banker
Realty, a Realogy (NYSE: RLGY) company, is pleased to announce
the acquisition of Coldwell Banker franchisee affiliate
Coldwell Banker Bain. Following the
strategic acquisition of The Landover Corporation, doing business
as Coldwell Banker Bain, from US RES
Holding, LLC, an investment company, the real estate brokerage will
continue to operate under the banner of Coldwell Banker Bain.
Through this acquisition, Coldwell Banker Realty welcomes 1,300
independent sales agents across 37 offices. President and Chief
Executive Officer of Coldwell Banker Bain
Mike Grady, along with his management team and elite
brokerage force, will remain with the newly combined company.
Together with Coldwell Banker Bain,
the Coldwell Banker company-owned operation boasts more than 53,000
affiliated sales associates in 642 offices in 55 markets across
the United States, with a combined
closed sales volume of nearly $204
billion based on 2021 sales.
Coldwell Banker Bain has been a
leader in luxury real estate since they opened their doors more
than 50 years ago. Renowned for their superior service for luxury
clients, the company has sold some of the most elite properties in
the Pacific Northwest. The company is a leader within the Coldwell
Banker Global Luxury program, with the highest count of certified
Luxury Property Specialists from the affiliate network.
Grady joined Coldwell Banker Bain
in 1994 and became chief operating officer in 2009. He was named
CEO of Coldwell Banker Bain in 2021.
He was also recently named to the 2022 Swanepoel Power 200, a list
of the most powerful people in residential real estate.
For over five-decades, Coldwell Banker
Bain has been helping people buy and sell their most
important investments -- their homes -- in the Pacific Northwest.
In 2021, Coldwell Banker Bain
achieved a total sales volume of more than $8 billion and earned the Coldwell Banker
Chairman's Circle designation for outstanding performance in
volume, ranking as the top network affiliate in adjusted gross
income out of 3,000 offices across 40 countries and
territories.
Coldwell Banker Bain's history
started when William A. Bain began
his career in the real estate industry in 1950. Bain had a dream to
build a real estate company that focused on luxury and serviced
discerning clientele. This dream became a reality with the launch
in 1972 of a company known today as Coldwell Banker Bain. Coldwell Banker Bain has been rooted in the
luxury market since its inception and continues in that tradition
today, spanning multiple branches in major cities along the I-5
corridor, from Bellingham, WA,
south to Bend, OR.
Coldwell Banker Bain will
continue to deliver the same top-quality services clients have come
to expect. Enjoying years of experience and on-the-ground
resources, Coldwell Banker Bain will
continue to push the industry forward in the Pacific Northwest.
CLICK TO TWEET:
We're excited to announce that Coldwell
Banker Bain is now part of Coldwell Banker Realty #CBProud
@CBBainHomes. For more information on this strategic acquisition,
see here:
https://blog.coldwellbanker.com/coldwell-banker-bain-acquisition/
QUOTES:
"I'm excited to welcome Coldwell Banker
Bain. The company has been a North Star for luxury real
estate for over 50 years and we are proud to support their legacy.
Both organizations share our rich Coldwell Banker culture and
heritage and take great pride in the technology, service and
support offered to our agents, clients and consumers. Together we
further bolster our surrounding affiliates with a strategically
unified Coldwell Banker front. They make a remarkable addition to
our team." - M. Ryan Gorman, CEO
of Coldwell Banker Realty
"At Coldwell Banker Bain, we take immense pride in the support
and services we provide to our agents and employees, which
ultimately leads to superior knowledge, advocacy, and service to
exceed our clients' expectations. We're excited to continue helping
our clients and customers realize their homeownership dreams under
the same trusted name and brand of Coldwell
Banker Bain, now with the support from the company-owned
operations." - Mike Grady,
president and CEO of Coldwell Banker
Bain
About Coldwell Banker
Realty
Coldwell Banker Realty companies operate the company-owned
Coldwell Banker-branded real estate brokerage offices in leading
markets in the United States
representing more than 52,000 independent real estate agents in
approximately 600 offices. Coldwell Banker Realty is part of
Realogy Brokerage Group, a subsidiary of Realogy Holdings Corp.
(NYSE: RLGY). For more information, visit
www.ColdwellBankerHomes.com
About Realogy Holdings
Corp.
Realogy Holdings Corp. (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 1.5 million home transactions in 2021. 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
196,700 independent sales agents in the U.S. and approximately
136,700 independent sales agents in 118 other countries and
territories, helping them build stronger businesses and best serve
today's consumers. Recognized for eleven 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 2022 Top Companies in the U.S. and
honored on the Forbes list of World's Best Employers 2021.
Media
Inquiries:
|
Athena Snow
|
Deanna
Gorecki
|
Coldwell Banker
Realty
|
G&S for Coldwell Banker
Realty
|
973.407.5590
|
516.233.9446
|
Athena.Snow@coldwellbanker.com
|
DGorecki@gscommunications.com
|
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SOURCE Coldwell Banker Realty