The newly named Real REMAX Group announced on Aug. 24 the successful completion of the previously announced business combination between The Real Brokerage Inc. (Real) and RE/MAX Holdings, Inc. (RE/MAX Holdings). The companies said in filings with the U.S. Securities and Exchange Commission that all customary closing conditions had been met. Real’s common shares and…
CoStar Group announced the completion of its $800 million acquisition of Zonda—a provider of new home construction data, homebuilder software and residential real estate marketplaces. The deal was first announced back in May. CoStar stated in a release that this acquisition expands the company’s presence across the residential real estate ecosystem, extending the company’s data,…
Regional powerhouse Howard Hanna Real Estate Services is again expanding its footprint into new territory with what it’s calling a “strategic national partnership” with Maine-based Portside Real Estate Group. The move marks Howard Hanna’s entry into Northern New England, and aligns with the firm’s history of joining forces with independent, locally led real estate firms.…
According to a regulatory filing yesterday, Real’s bid to purchase REMAX for $880 million is moving forward—as far as the Department of Justice (DOJ) is concerned—with a waiting period created to allow antitrust review of big corporate mergers passing today. In the statement filed with the Securities and Exchange Commission (SEC), Real said that the…
Mega-franchisor Keller Williams announced today that it has acquired ascendant independent brokerage the Jason Mitchell Group (JMG), in yet another significant brokerage consolidation—this time between two companies with similar business models and priorities. After operating under My Home Group in Arizona, JMG went independent in 2019 and grew swiftly, ranking 36 in the nation in…
Sotheby’s International Realty (SIR) has announced the acquisition of Majestic Realty Collective (MRC), one of the most productive luxury real estate organizations in North America, according to the company, which included eight Sotheby’s affiliates. The acquisition expands SIR’s footprint across premier luxury and resort markets in the American West and aims to strengthen its presence…
Above, Anthony Lamacchia, Josh Lioce and Jackie Louh Lamacchia Realty announced that Lioce Properties Group, based in Milford, Massachusetts, has joined the company following a merger finalized earlier this week. The move expands Lamacchia Realty’s presence in the South Metrowest and Worcester County markets. “I’m so beyond excited to finally have an office in South…
Forbes Global Properties has announced that it has welcomed Levin Rinke Realty to its global network. Founded in 1991, Levin Rinke Realty will exclusively represent Forbes Global Properties throughout Santa Rosa and Escambia counties in Florida, bringing deep community roots, market expertise and a proven track record of excellence to the network. With almost 400…
Above: The Risi’s REMAX Canada has announced the largest conversion in the brand’s history with the addition of 17 offices, encompassing more than 1,200 agents, in Ontario. Formerly operating as Royal LePage Your Community Realty and Royal LePage Connect Realty, the offices will rebrand as REMAX Your Community Realty and REMAX Connect Realty under the…
Around 7:14 a.m. on a random Thursday, someone in nearly every brokerage office, group chat, or Slack channel sends the same message: “Did you see the news?” Another merger. Another acquisition. Another domino in a consolidation cycle that’s starting to feel less like a phase and more like the industry’s new operating system. The headlines…
| Older Posts |