Industry News

NRT buys Coldwell Banker Pacific

Hawaii's largest residential real estate brokerage acquired

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

NRT Inc., the country's largest residential real estate brokerage company, has acquired Honolulu's Coldwell Banker Pacific Properties and Coldwell Banker Commercial Pacific Properties, NRT said Tuesday. Coldwell Banker Pacific Properties, the largest residential real estate brokerage in Hawaii, will now be owned and operated by NRT, the company said. During the past year, Coldwell Banker Pacific Properties accounted for approximately $2 billion in closed sales volume, according to NRT. The company operates five residential sales offices with 500 sales associates on Oahu, where nearly three-quarters of the state's population resides. Coldwell Banker Commercial Pacific Properties Ltd. is a single-office commercial real estate company with 15 sales professionals operating on Oahu. "Scott Bradley and Herb Conley have created a realty firm that has continued to outperform its peers," said Bruce Zipf, president and CEO for NRT, in a statement. "Just as importantly, they've created a...