Industry News

Seven Century 21 offices merge in Mass.

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Ten Massachusetts owner-brokers of seven Century 21 companies announced a merger today that forms the largest independently owned and operated residential real estate company in Massachusetts. The new company, Century 21 Commonwealth, has 400 agents and employees and serves about 150 communities through 15 offices in Eastern Massachusetts. Combined sales for all of the companies participating in the merger have exceeded $750 million this year to date, according to the announcement. "Two years ago, 10 visionary, well-established independent owner-brokers came together to explore challenges resulting from a changing marketplace. This (merger) forms a 'more perfect union,' showcasing an expanded and experienced agent base, broader service offerings, and more powerful marketing and training resources," according to the announcement. The newly formed company operates as an independently owned full-service company under the joint leadership of 10 owners: Steve Leavey, formerly with Century...