Coldwell Banker Residential Real Estate in Florida announced that it has acquired the assets of Home Team Realty East in Hollywood, Fla.

Home Team Realty East is located at 4935 Sheridan St., just a short distance from Coldwell Banker's office at 3319 Sheridan St. The two offices will merge and operate from the 3319 Sheridan St. location under the banner of Coldwell Banker Residential Real Estate Inc.

Home Team Realty East's 30 sales associates were responsible for more than $52 million in total closed sales volume during the last 12 months, according to a press statement. With this announcement, Coldwell Banker Residential Real Estate Inc. has more than 7,500 sales associates operating in 167 offices in Florida, accounting for a combined total closed sales volume of nearly $22 billion over the past year.

Ed and Georgette Bannan operated the company from its Sheridan St. location for the past eight years. "We felt that now was the right time to join forces with the market leader in Florida. We really wanted to make sure our agents are well positioned for continued success, and Coldwell Banker Residential Real Estate offers world-class resources that we believe will ensure a positive move for everyone. In fact, Georgette and I are counting on it because we are joining the Coldwell Banker Residential Real Estate sales team," said Ed Bannan.

Coldwell Banker Residential Brokerage is a member of the NRT family of companies, one of the nation's largest residential real estate brokerage conglomerates. NRT is a subsidiary of Cendant Corp.

Publish Date: 08/08/2005