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Sotheby’s International Realty, Inc. Acquires Julia B. Fee in Westchester County, N.Y.
Prominent Luxury Real Estate Brokerage Establishes Westchester Presence through Prestigious Local Firm
SCARSDALE, N.Y. – January 24, 2006
Sotheby’s International Realty, Inc., a leading residential real estate brokerage firm representing exceptional properties in some of the world’s most sought-after markets, today announced it has acquired the assets of Julia B. Fee, LLC based in Scarsdale, N.Y. Julia B. Fee’s eight offices throughout Westchester County will now operate as Sotheby’s International Realty, Inc., a subsidiary of NRT Incorporated.
Randall Katchis and George Stone, co-owners of Julia B. Fee, will each assume a role as senior vice presidents for Sotheby’s International Realty, Inc., managing the company’s Westchester operations.
“Under the leadership of Randall and George, Julia B. Fee has grown rapidly and maintained its reputation as one of the most highly regarded real estate brokerages in Westchester County,” said Stuart Siegel, president and CEO of Sotheby’s International Realty, Inc. “Julia B. Fee’s distinguished sales associates share a tradition of superior service and client satisfaction, making it one of the many reasons our firms are a perfect complement to one another.”
Julia B. Fee was founded in 1960 with a single office in Scarsdale and has since expanded with another office in Scarsdale, as well as offices in Armonk, Chappaqua, Katonah, Rye, and two in Larchmont. During the past 12 months, Julia B. Fee and its more than 300 sales associates have posted approximately $1.8 billion in closed sales volume.
“Our sales associates are among the top in the industry due to their professionalism and commitment to their clients and customers,” said Katchis. “Now with the combined benefits of our esteemed Westchester County firm and the expanded network and global reach of Sotheby’s International Realty, we will have even more resources available to provide the world-class service we are known for.”
“Honesty, integrity and community — these are the ideals upon which Julia B. Fee was founded and which have earned the company its renowned reputation for the last 45 years,” said Stone. “We clearly see these same values demonstrated by Sotheby’s International Realty and are confident that, together, we will bring exceptional service value to the communities we serve.”
Sotheby’s International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby’s auction house and represents fine properties at a range of price points. Today, Sotheby’s International Realty, Inc. owns and operates brokerage offices in key metropolitan and resort markets, including London; Manhattan; The Hamptons; Greenwich, Conn.; Litchfield County, Conn.; Cape Cod; Palm Beach, Fla.; Southern California; San Francisco; Sonoma; Sun Valley, Idaho; and Jackson Hole, Wyo. NRT Incorporated. the largest residential real estate brokerage company in the United States, is a subsidiary of Cendant Corporation (NYSE: CD).
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