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Coldwell Banker Residential Brokerage Acquires MacDonald Real Estate in Solano County
Dixon, C.A. – March 9, 2005
Coldwell Banker Residential Brokerage in Northern California today announced it has acquired Dixon-based MacDonald Realty Inc., which does business as MacDonald Real Estate. The boutique brokerage’s 17 sales associates serving Solano County will now operate under the banner of Coldwell Banker Residential Brokerage.
The acquisition of MacDonald Real Estate, a leader in the local marketplace since 1982, continues Coldwell Banker Residential Brokerage’s expansion in Solano County and solidifies its position as the largest full-service residential real estate brokerage in Northern California.
“MacDonald Real Estate and Coldwell Banker Residential Brokerage are both known for their rich history, local expertise and devotion to customer service,” said Jeff Culbertson, NRT Western Region chief operating officer and president of Coldwell Banker Residential Brokerage in Sacramento. “By coming together and strengthening our presence in Solano County, we will be able to offer more home buyers and sellers in the area a winning combination of unmatched personalized service.”
The former MacDonald Real Estate, with a total closed sales volume of more than $126 million during the last 12 months, will maintain its current location at 1140 Pitt School Road, Suites A & D in Dixon. The office is just minutes from Vacaville, where Coldwell Banker Residential Brokerage acquired an office in June 2004.
“We recognize that Solano County is one of Northern California’s fastest growing markets,” said Culbertson. “We are seeing explosive growth in this market and our new office will allow us to meet the real estate needs of more home buyers and sellers in the coming year.”
The owner of MacDonald Real Estate since its inception in 1982, Marianne MacDonald, will join Coldwell Banker Residential Brokerage in a management and sales capacity.
MacDonald said, “By teaming with Coldwell Banker Residential Brokerage, we will increase the resources available to our sales team and improve their ability to support customers. Our commitment to quality service and local knowledge has been MacDonald Real Estate’s foundation for success, and I am confident our reputation will continue to be enhanced as part of Coldwell Banker Residential Brokerage.”
With reported 2004 sales volume of more than $27 billion, Coldwell Banker Residential Brokerage is the largest residential real estate brokerage firm in Northern California. In the Sacramento and Tahoe region alone, the company’s more than 1,100 sales associates accounted for more than $4.6 billion in total closed sales volume in 2004.
About Coldwell Banker Residential Brokerage
Coldwell Banker Residential Brokerage, the largest residential real estate brokerage in Northern California, serves the markets of Sacramento/Tahoe, San Francisco Bay Area and Silicon Valley. The company has 67 office locations and more than 4,800 sales associates throughout Northern California. Through its internationally renowned Coldwell Banker Previews® program, the company is widely recognized for its expertise in the luxury housing market. Coldwell Banker Residential Brokerage is a member of the NRT family of companies. NRT Incorporated, the nation's leading residential brokerage company, is a subsidiary of Cendant Corporation (NYSE: CD), one of the world's foremost providers of travel and residential real estate services.
For more information please visit www.CaliforniaMoves.com or call 925.275.3085.
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