RLGY Stock Price, News & Analysis

Coldwell Banker Real Estate LLC, a brand of Realogy (NYSE: RLGY), has been awarded the 2021 St. Jude New Partner Campaign of the Year Award for its fundraising efforts supporting childhood cancer research. Within its first year, the CB Supports St. Jude partnership raised over $500,000, surpassing its initial goal of $250,000 in just six months. The partnership will continue into 2022, allowing agents to donate for each home sale, further supporting St. Jude's mission. The initiative showcases Coldwell Banker's commitment to social responsibility.

On October 5, 2021, Coldwell Banker Real Estate announced its acquisition of Warburg Realty, a prestigious New York real estate firm, forming Coldwell Banker Warburg. This merger combines over 240 years of industry experience, enhancing Coldwell Banker's presence in the luxury market. The newly branded firm will operate under Coldwell Banker's Global Luxury program, providing its agents access to advanced marketing tools and a global network. Warburg Realty retains its office locations and key management, aiming to elevate service offerings for high-net-worth clients.

On October 4, 2021, Century 21 Real Estate launched the industry-first Inclusive Ownership Program, emphasizing diversity in real estate leadership. This initiative supports entrepreneurs from varied backgrounds, including Women, LGBTQ+, and minority groups, by offering business incentives, educational opportunities, and mentorship. The program aims to enhance representation in the real estate sector, aligning with the company’s mission as it celebrates its 50th anniversary. Six new companies have joined the network through this program, fostering growth among diverse brokers.

Coldwell Banker Realty in Atlanta has welcomed Debra Johnston, a prominent luxury real estate agent, to its Buckhead office. With nearly 18 years of experience, Johnston has achieved over $65 million in sales in 2021 and was the top individual agent for her previous brokerage for six consecutive years. She will represent the Coldwell Banker Global Luxury program, leveraging a network of 96,000 sales associates. Known for her innovative marketing strategies and strong media presence, Johnston aims to enhance her services through this partnership.

Realogy Holdings Corp. (NYSE: RLGY) has launched the SPARK Members Pooled 401(k) Retirement Plan, aimed at providing affiliated U.S. real estate agents, particularly those associated with major brands like CENTURY 21 and Coldwell Banker, an accessible retirement savings option. This innovative plan allows for contributions of up to $64,500 annually and offers features such as tax-free borrowing for home purchases. The initiative is designed to alleviate retirement planning challenges faced by independent contractors in the real estate sector.

Sotheby's International Realty has opened its first office in Morocco, expanding its presence in Northern Africa. Located in Marrakech, the new office is owned by David Chicard, who has 15 years of experience in real estate. Plans for further expansion into Essaouira, Tangier, and Rabat are underway. The region is seen as appealing for global investors due to its stable environment and proximity to Western Europe. Sotheby's International Realty operates 1,000 offices in 75 countries, and its affiliate network provides extensive marketing resources for properties.