BrokerageIndustry News

NRT acquires San Francisco-area brokerage

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Realogy Corp. subsidiary NRT LLC has acquired Cashin Co. Realtors, a 270-agent firm on the San Francisco Peninsula that racked up $1 billion in sales in the last 12 months.Cashin Co.'s seven offices will operate under the banner of Coldwell Banker Residential Brokerage, giving the brokerage 60 offices and 3,500 sales associates in the San Francisco Bay Area accounting for more than $11 billion in sales last year.Based in Menlo Park, Cashin Co. was founded in 1995 by president Emmet J. "Skip" Cashin III, who will continue with Coldwell Banker in a sales role. Chief Operating Officer Chuck Alloo will take on a management role at Coldwell Banker, NRT said in a press release.Over the past decade, in Northern California NRT has acquired Fox & Carskadon, TRI, Contempo, Del Monte Realty, Cornish & Carey Residential Real Estate and Pacific Preferred Properties Inc.NRT was ranked by Real Trends as the nation's largest residential real estate brokerage company in 2009, with 740...