Sotheby’s International Realty Affiliates Inc., a subsidiary of Cendant Corp., today announced that it has entered into a franchise agreement with Stamford, Conn.-based William Pitt Real Estate LLC.

William Pitt Real Estate’s 24 offices will now become part of the Sotheby’s International Realty network of luxury real estate firms under two ownership structures.

Twenty-one offices will remain independently owned by L. Casey Jones and Paul E. Breunich and will now do business as William Pitt Sotheby’s International Realty. Sotheby’s International Realty Inc., the brokerage operation owned by NRT Inc., which is also a Cendant subsidiary, has acquired three offices of William Pitt Real Estate in Greenwich, Old Greenwich and Marbledale, Conn. These three offices will now operate as Sotheby’s International Realty.

William Pitt Real Estate was founded in 1949 as a one-person real estate company in Stamford, Conn. Breunich and Jones, who assumed control of the privately held and operated William Pitt Real Estate in 2001, will now operate their firm as William Pitt Sotheby’s International Realty. The company’s 21 offices are comprised of approximately 500 sales associates.

Sotheby’s International Realty Inc., the NRT-owned residential real estate brokerage operations, has one existing office in Greenwich and two offices in Litchfield County, Conn. With the addition of the three William Pitt offices, Sotheby’s International Realty Inc. has six offices and approximately 180 sales associates in Connecticut. In Litchfield County, the company has tripled its market presence since opening its first office there in 2002.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription