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Owners Developers & Managers
Posted: August 19, 2016
Coldwell Banker Residential Brokerage in N.E. acquires the assets of Hammond Residential Real Estate Group, LLC
Waltham, MA Coldwell Banker Residential Brokerage in New England has acquired the assets of Hammond Residential Real Estate Group LLC in Chestnut Hill, Mass. The announcement combines the operations of the No. 1 company in 2015 sales volume, Coldwell Banker Residential Brokerage, with the No. 3 company, Hammond Residential Real Estate, according to data from the 2016 REAL Trends Market Leaders report. With 16 offices and more than 400 affiliated sales professionals and employees, the acquisition significantly expands Coldwell Banker Residential Brokerage’s real estate sales operations in Massachusetts.
The acquired operations will continue to conduct business as Hammond Residential Real Estate during the transition. Hammond Residential Real Estate was established in 1991 by Saul Cohen and Joseph Hare.
“Saul and the agents affiliated with Hammond have a superior reputation,” said Merit McIntyre, president of Coldwell Banker Residential Brokerage in New England. “Over the years, we have established strong business relationships with them, and are excited to formally combine our efforts and position the agents and ultimately their clients in ways that truly distinguish us in the region.”
Coldwell Banker Residential Brokerage in New England will now have 99 offices and more than 4,400 affiliated sales professionals and staff providing real estate brokerage services in Maine, Mass., N.H. and R.I.
McIntyre will continue to serve as president of Coldwell Banker Residential Brokerage and Cohen will join the company and serve as chairman.
“We made our decision based on what was in the best interest of our Greater Boston clients and agents, many of whom Joe Hare and I have known for more than 25 years,” said Cohen. “We chose to combine our efforts with Coldwell Banker Residential Brokerage over any other company because of the incredible resources and technology that the agents can utilize. With so many advantages, we are confident the agents will surpass their clients’ expectations.”
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