Mergers and Acquisitions

ERA Real Estate affiliate expands in Pennsylvania

Mountain Realty ERA Powered has acquired Miller & Associates Real Estate, an independent brokerage based in Gettysburg, Pennsylvania. The newly merged firm will operate under the Mountain Realty ERA Powered name, with a combined total of 34 agents across two offices. The acquisition expands Mountain Realty’s footprint westward, increasing its presence in central Pennsylvania (including […]

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Century 21 merger expands central Florida presence

Century 21 Myers Realty has merged with PAL Realty, a Leesburg, Florida-based firm that specializes in serving 55-plus active adult communities. The merger expands the reach of Century 21 Myers Realty to seven offices and brings its agent count to approximately 160. PAL Realty, founded in 2006 by broker June Robbins, will now operate under

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How to navigate a successful brokerage acquisition

In the wake of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement, RealTrends Consulting co-founder Steve Murray predicted a new wave of industry consolidation.  “Almost any time in history the U.S. federal government gets involved in this kind of litigation against a whole industry and imposes draconian changes to that industry, it causes

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‘It was love at first sight!’ Inside Rocket’s pursuit of Redfin, Mr. Cooper

Glenn Kelman’s wife was starting to get worried. The Redfin founder and CEO’s behavior was unusual lately. He was staying up late into the night exchanging texts with someone. But there was no other woman. Kelman was group texting Varun Krishna, the CEO of Rocket Companies, and Jay Bray, the CEO of Mr. Cooper. They

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Compass talks M&A strategy at The Gathering

Private listings and Clear Cooperation (CCP) have been Compass’s headline calling cards over the past several months, but at HousingWire’s The Gathering on Sunday, mergers and acquisitions were the primary focus.  In a conversation with Diego Sanchez, the president of HousingWire, Lacey Conway, the CEO of Latter & Blum and Compass executive vice president of

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Coldwell Banker Premier enters Florida market through merger

Coldwell Banker Premier has expanded into Florida through a merger with Coldwell Banker Envision Real Estate, marking the firm’s first office in the state. The company will now offer its full suite of services — including listing programs, marketing tools, and property and association management — to agents and clients. “We have been impressed with

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Supreme Lending to acquire Michigan Mutual: sources

Dallas-based Supreme Lending has reached a deal to acquire Michigan Mutual, Inc. (MiMutual), adding a wholesale platform and a presence in Michigan to its operations, sources told HousingWire. Founded in 1999, Supreme Lending originated $3.8 billion over the past 12 months, with most of its volume concentrated in Texas, Florida and California, according to mortgage

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Century 21 expands Colorado footprint

A long-standing central Colorado real estate firm has joined the Century 21 network, bringing more than five decades of local knowledge. First Colorado Land Office, Inc. — established in 1973 and now led by fifth-generation Salida, Colo., native Jeffrey Post — is now doing business as Century 21 Community First. The move, Post said, is

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Anywhere makes offer to buy Douglas Elliman: Bloomberg

Anywhere Real Estate has made an offer to acquire luxury brokerage firm Douglas Elliman. The offer was first reported by Bloomberg. According to Bloomberg’s sources, the bid would value Douglas Elliman at more than $4 a share. The firm’s stock ended Thursday at $2.14 a share, giving the firm a market value of roughly $190

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Compass names Lacey Conway head of M&A

Compass is hungry for more growth and it is turning to Lacey Conway to help it realize its ambitions.  The brokerage on Thursday announced its appointment of Conway as the firm’s executive vice president of mergers and acquisitions.  Conway joined Compass in the spring of 2024 through the firm’s acquisition of Latter & Blum. At

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