Industry News

NRT acquires Hamptons-area luxury real estate firm

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NRT Inc., a subsidiary of Realogy Corp., a company formed as a spin-off of Cendant Corp.'s real estate services segment, has acquired the assets of Allan M. Schneider Associates Inc., a luxury residential real estate brokerage company with 12 offices in the Hamptons, Shelter Island and North Fork areas in New York. Based in Bridgehampton, N.Y., Allan M. Schneider will operate as The Corcoran Group, one of NRT's real estate brands. NRT operates Realogy's company-owned real estate brokerage offices, and Realogy also has major franchise operations. Company-owned and franchise brands include Coldwell Banker, Century 21, ERA and Sotheby's Realty International, among others. Peter Hallock, Timothy Davis and Peggy Griffin, principals for Allan Schneider Associates, will remain with the newly combined organization as senior managing directors and will continue to manage the Southampton, Bridgehampton and Easthampton offices, respectively, NRT announced this week. Marty Gleason will serve as ...