Print
Real Estate - Residential

Coldwell Banker Network That Includes Wilmington Expands With New Bern Merger

By Cece Nunn, posted Apr 30, 2019

Coldwell Banker Willis-Smith of New Bern is merging with the Coldwell Banker Advantage network, which includes Wilmington-based Coldwell Banker Sea Coast Advantage, according to an announcement Tuesday.

"​The strategic move was designed to enhance the client experience and expand the geographic presence of the Coldwell Banker Advantage family of companies," a news release stated.

Coldwell Banker Sea Coast Advantage serves Wilmington and the surrounding areas, while the another Advantage network company -- Coldwell Banker Advantage -- serves Raleigh, Fayetteville and Southern Pines. Meanwhile, Coldwell Banker Chicora Advantage serves greater Myrtle Beach, South Carolina, the release stated.

“Coldwell Banker Willis-Smith is a hugely successful company with a great reputation and exceptional management. We look forward to building on this success,” said Tim Milam, president of Coldwell Banker Sea Coast Advantage, in the release.

The financial terms of the merger were not disclosed.

Stewart Smith, president of Coldwell Banker Willis-Smith, stated in the release, “This will build on our history of growth, creating substantial benefits for both our agents and our family of clients.”

Added Drake Bratton, vice president of Coldwell Banker Willis-Smith: “Our brokerages have a long, successful history of working together for the benefit of our mutual clients.”

Smith and Bratton will retain an ownership interest in Coldwell Banker Willis-Smith and continue in their current roles, the release stated. With the merger, new business partners will include Milam, Gary Rabon, president of Coldwell Banker Advantage in Raleigh, and Ralph Huff, president of Coldwell Banker Advantage in Fayetteville.

 

Ico insights

INSIGHTS

SPONSORS' CONTENT
Mike stonestreet 300x300

Tax Season: What Your HOA Should Know

Mike Stonestreet - CAMS (Community Association Management Services)
Billhunter300x300 b&w

Out With The Old, In With The New - Agile Marketing For Real Estate

Bill Hunter - Wilmington Design Company
Dallas headshot 300x300

How Do Business Performance And Health Affect Your Planning?

Dallas Romanowski - Cornerstone Business Advisors

Trending News

NHRMC Wants To Build Heart, Vascular Tower On Main Campus

Vicky Janowski - Nov 13, 2019

PPD Files Notice For Proposed IPO

Vicky Janowski - Nov 13, 2019

Homebuilders Optimistic About Market, Describe Tariff Impact

Cece Nunn - Nov 13, 2019

South ‘n France Says Au Revoir

Jessica Maurer - Nov 13, 2019

Firm That Includes Wilmington-based Real Estate Agency Expands To Triad

Cece Nunn - Nov 13, 2019

In The Current Issue

MADE: Mounting An Expansion

Grunt Tough is a software and traditional manufacturing company; products are made and distributed out of its Wilmington facility....


Hard Labor: Employers Face Strained Searches For Workers

Some businesses are struggling to find qualified workers in a tight labor market, and the Cape Fear region is feeling the effects....


Take It Away, Thanksgiving Day

Not everyone looks forward to spending half the holiday in the kitchen on Thanksgiving Day. Fortunately, there are plenty of local options....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

August 26, 2019 Power Breakfast: A Healthy Sale?
WILMA's Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`