Coldwell Banker Residential Brokerage Makes Acquisition in Phoenix Area

PHOENIX, Ariz. - Jan. 28, 2011

Coldwell Banker Residential Brokerage in Arizona today announced it has acquired the assets of the Scottsdale, Arizona-based office of DME Partners, Inc., which formerly conducted business as WEICHERT, REALTORS®-Elite. DME Partners' San Diego-based franchise is not part of this announcement. With this announcement DME Partners' Arizona-based office will operate as Coldwell Banker Residential Brokerage.

Erik Weichelt, president of DME Partners' Arizona-based operation, will continue with the newly combined company in a sales capacity.

"This is a key opportunity to strengthen our market presence in the Phoenix metro area by joining together with agents who are already knowledgeable and entrenched in our core market," said Malcolm MacEwen, president and chief operating officer of Coldwell Banker Residential Brokerage in Arizona. "We welcome Erik and his agents to the Coldwell Banker team."

DME Partners' approximately 100 active listings located throughout metro Phoenix will transfer to Coldwell Banker. In addition, the firm's agents will be relocating to Coldwell Banker's existing location at 3050 W. Agua Fria, Suite 110 in Phoenix, bringing the office's number of agents to more than 70.

Weichelt said, "I believe that Coldwell Banker Residential Brokerage offers the most advanced marketing tools in the industry, and that their commitment to providing agents with cutting-edge technology and extensive Internet outreach programs will set us apart in this market. Clearly, this union is a win for both our agents and the community at large."


Coldwell Banker Residential Brokerage in Arizona has 23 offices and nearly 1,300 real estate professionals in metro Phoenix, metro Tucson and Northwest Arizona. Coldwell Banker Residential Brokerage in Arizona is owned and operated by NRT LLC, the largest residential real estate brokerage company in the United States. For more information, visit www.AZmoves.com.





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