Coldwell Banker Realty, a Realogy (NYSE: RLGY) company, is pleased to announce the acquisition of Coldwell Banker franchisee affiliate Coldwell Banker Bain. Following the strategic acquisition of The Landover Corporation, doing business as Coldwell Banker Bain, from US RES Holding, LLC, an investment company, the real estate brokerage will continue to operate under the banner of Coldwell Banker Bain.
Through this acquisition, Coldwell Banker Realty welcomes 1,300 independent sales agents across 37 offices. President and Chief Executive Officer of Coldwell Banker Bain Mike Grady, along with his management team and elite brokerage force, will remain with the newly combined company. Together with Coldwell Banker Bain, the Coldwell Banker company-owned operation boasts more than 53,000 affiliated sales associates in 642 offices in 55 markets across the United States, with a combined closed sales volume of nearly $204 billion based on 2021 sales.
Coldwell Banker Bain has been a leader in luxury real estate since they opened their doors more than 50 years ago. Renowned for their superior service for luxury clients, the company has sold some of the most elite properties in the Pacific Northwest. The company is a leader within the Coldwell Banker Global Luxury program, with the highest count of certified Luxury Property Specialists from the affiliate network.
Grady joined Coldwell Banker Bain in 1994 and became chief operating officer in 2009. He was named CEO of Coldwell Banker Bain in 2021. He was also recently named to the 2022 Swanepoel Power 200, a list of the most powerful people in residential real estate.
For over five-decades, Coldwell Banker Bain has been helping people buy and sell their most important investments — their homes — in the Pacific Northwest. In 2021, Coldwell Banker Bain achieved a total sales volume of more than $8 billion and earned the Coldwell Banker Chairman’s Circle designation for outstanding performance in volume, ranking as the top network affiliate in adjusted gross income out of 3,000 offices across 40 countries and territories.
Coldwell Banker Bain’s history started when William A. Bain began his career in the real estate industry in 1950. Bain had a dream to build a real estate company that focused on luxury and serviced discerning clientele. This dream became a reality with the launch in 1972 of a company known today as Coldwell Banker Bain. Coldwell Banker Bain has been rooted in the luxury market since its inception and continues in that tradition today, spanning multiple branches in major cities along the I-5 corridor, from Bellingham, WA, south to Bend, OR.
Coldwell Banker Bain will continue to deliver the same top-quality services clients have come to expect. Enjoying years of experience and on-the-ground resources, Coldwell Banker Bain will continue to push the industry forward in the Pacific Northwest.