Industry News

Coldwell Banker United buys South Carolina company

Aims to grow Charleston operations

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Coldwell Banker United Realtors, a top Coldwell Banker affiliate in the South and Texas, has acquired South Carolina-based Coldwell Banker Coastal Properties, the company said today. Terms of the acquisition were not disclosed. Coldwell Banker United has more than 2,400 sales associates, and 75 residential and three commercial offices in six states, including South Carolina, Florida, North Carolina, Alabama, Mississippi and Texas. Coldwell Banker Coastal has offices in Charleston, Mount Pleasant and Summerville, S.C. Many real estate industry observers expect to see more acquisitions and consolidation of brokerages and offices in coming months as sales continue to slow in many regions. Statewide, home sales in South Carolina fell 10.6 percent in 2007, to 61,585 from 68,900 in 2006, according to recent year-end figures from the South Carolina Association of Realtors. Edmund H. Monteith Jr., senior vice president for Coldwell Banker United, Realtors in South Carolin...