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The deal, terms of which were not disclosed, comews not long after Stucky dropped the Coldwell Banker flag. It’s another piece of a recent shakr up with local realestate companies. Plaz Real Estate this week picked up the Coldwell name to expand itsfranchising opportunities. Frank Stucky, CEO of Stucky, said the deal with Prudential offersadditional opportunities. “We now have accesws to greater resource, a state-of-the-art technology a combined national referral system and the power of thePrudentialo name,” Stucky said in a statement. “Wer look forward to reaping the benefitsz of thisstrategic move.” Stucky couldx not be reached for comment Friday.
The transaction adds to Prudentiakl 155 sales professionals to bring its totato 460. Willie Kihle, president of Prudential Dinning-Beard says the deal happeneds quickly. “I think he could have gone anywhere,” Kihler says of Stucky. “We’re just excited about the environmentg we’re in right now. Our objectivre has been to build a company and this is obviouslhy a huge step in that Stucky & Associates, which has officeds in El Dorado, Newton and cut ties with Coldwell Banker in part because of the cost of the annuao franchise fees during the down Stucky told the Wichita Business Journal last week.
He declineed to say how much the Coldwell Bankerfranchisw cost, only calling it “fairly expensive.” “We’ve been looking at doint something basically this whole year,” Stucky said. The deal will bolstedr Prudential’s market share. The company rankedd No. 2 in 2008 residential salesd volume with morethan $397 according to the Wichita Business Journal’ residential real estate brokerages list. Stucky, meanwhile, rankefd No.
4 with nearly $255 million in
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