Coldwell Banker Residential Brokerage in New England today announced it has acquired the assets of Hammond Residential Real Estate Group LLC in Chestnut Hill, combining two of the largest real estate companies in Greater Boston.
The acquired operations will continue to conduct business as Hammond Residential Real Estate during the transition. Hammond Residential Real Estate was established in 1991 by Saul B. Cohen and Joseph Hare.
“Saul and the agents affiliated with Hammond have a superior reputation,” Merit McIntyre, president of Coldwell Banker Residential Brokerage in New England, said in a statement. “Over the years, we have established strong business relationships with them, and are excited to formally combine our efforts and position the agents and ultimately their clients in ways that truly distinguish us in the region.”
Coldwell Banker Residential Brokerage in New England will now have 99 offices and more than 4,400 affiliated sales professionals and staff providing real estate brokerage services in Maine, Massachusetts, New Hampshire and Rhode Island.
McIntyre will continue to serve as president of Coldwell Banker Residential Brokerage in New England and Cohen will join the company and serve as chairman.
“We made our decision based on what was in the best interest of our Greater Boston clients and agents, many of whom Joe Hare and I have known for more than 25 years,” Cohen said in a statement. “We chose to combine our efforts with Coldwell Banker Residential Brokerage over any other company because of the incredible resources and technology that the agents can utilize. With so many advantages, we are confident the agents will surpass their clients’ expectations.”
Linda O’Koniewski, owner of RE/MAX Leading Edge, also announced this morning that her office has purchased the remaining Hammond offices in Cambridge and Belmont.
“We’re thrilled,” O’Koniewski said. “[Former Hammond owner] Tod Beaty will be an incredible partner. He has helped design luxury in and around Boston. He is the master of luxury in one of the biggest markets in Massachusetts.”
The deal was supposed to be announced later this summer, but was moved up in in response to the Coldwell Banker announcement.
“We’re still working out the logistics, but we’re well on our way,” O’Koniewski said.
