Business Services Industry
Parent of Coldwell Bank acquires luxury residential broker Wimbish-Riteway
Miami Daily Business Review, October, 2004 by Alina Matas
Byline: Alina Matas
Wimbish-Riteway Realtors, a Miami-based brokerage that has carved a leading place in the luxury residential market, has been bought by NRT Inc., the parent company of giant Coldwell Banker Residential Real Estate for an undisclosed price, the companies announced Thursday.
The deal caps about four months of negotiations between Coldwell and Wimbish, which will be merged into one operation, said Judith A. Green, president and chief executive for Coldwell Banker in Florida. The Tampa-based executive had been visiting South Florida for the past several months to meet with Wimbish principals and analyze how the local brokerage could fit with Coldwell's growth strategy.
Coldwell isn't particularly known in South Florida for brokering...
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