Realogics Acquires OnSite Assets
President and CEO of Realogics, Dean Jones, is announcing their recent acquisition of Windermere “OnSite” brokerage assets, which has been responsible for over 1,000 presales during the condo boom in downtown Seattle and Bellevue.
“An independent brokerage provides us flexibility to explore all opportunities while ensuring both continuity and the highest level of professionalism for our developer clients, the real estate community and the homebuyers for which we serve,” said Dean Jones, President and CEO of Realogics, Inc. “Realogics will now expand its offering beyond new construction to provide a broader spectrum of marketing and real estate services under one roof.”
Jones also announced that Sam Cunningham, prior Vice President of Windermere Builder Services, will be appointed as Designated Broker.
“We recognize the approaching dearth of new construction projects in the supply pipeline – so this acquisition is well timed for us”, said Pat Grimm, a co-owner of Windermere OnSite and the designated broker (and sole owner) of Windermere Real Estate / Capitol Hill, Inc. “Realogics is an exceptional marketing and sales enterprise and they are well positioned to manage their brokerage operations moving forward.”
Through personal experience with our clients, Jones and Cunningham have done a superior job in handling our clients’ needs throughout the transaction process, and we are excited to see a company like Realogics joining the team of boutique brokers in Downtown Seattle. In the meantime, OnSite will retain their builder-oriented franchise agreement with Windermere Real Estate. Realogics has listed both Fifteen Twenty-One Second and The Parc, and helped Windermere Onsite assign agents to seller’s in-house sales teams at Escala, Gallery, Equinox and Bravern Signature Residences. Realogics will also continue its relationship as a marketing partner with both Escala and The Bravern. The firm also launched an updated website.
1521 Second Averaging One Home Sale per Week!
Nyhus sent out a news release yesterday stating that Fifteen Twenty-One has been:
…a beehive of unit closings, homeowner move-ins, construction punch-lists and new homebuyer tours.
138 out of the 143 total homes sold during the presale process with an expectable amount of attrition to follow. There have now been 63 of a 120 pending which have now closed. The remaining units are scheduled to close in the next several weeks/months depending on time of customization buyers had made. More good news is that several unit appraisals have come in higher than purchase prices.
“Fifteen Twenty-One Second Avenue is unique and continues to demonstrate impressive demand today–just like it did during presales,” say Jones (Dean), who is representing the project. “Buyers can separate individual developments from generalizations about the broader Seattle marketplace. Success stories such as this demonstrate that real estate is, and always well be, intensely local.”
