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Coldwell Banker & Company became a corporation in 1961, and went public in 1968. In 1981 it was bought by Sears, Roebuck , and became part of the Sears Financial Network. [ 6 ] [ 7 ] In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including The Carlyle Group for approximately $300 million.
Cornwall retired in 1940, and the company name changed again to Coldwell, Banker & Company, which was shortened to Coldwell Banker in 1974. [9] [10] In 1981, Coldwell Banker was acquired by Sears. [11] In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including The Carlyle Group for approximately $300 ...
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The company continued to grow in 1999, entering Dallas/Fort Worth, Harrisburg and Milwaukee markets. With these new holdings, NRT reached its 100th acquisition mark. [3] In 2000, NRT set a "real estate industry record, surpassing $100 billion in closed sales volume" and acquired Fred Sands Realtors, a $5 billion company based in Los Angeles. [3]
Realogy re-launched the Better Homes and Gardens franchise network on July 1, 2008 and named Sherry Chris, then COO of Coldwell Banker, CEO and president of the newly launched company. [ 4 ] [ 6 ] Better Homes and Gardens Real Estate became the fifth residential real estate brand launched by Realogy. [ 7 ]
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