Climb Real Estate, a boutique San Francisco brokerage focused on city-dwelling Millennials, has been acquired by NRT LLC, the nation’s largest residential brokerage, the companies announced Wednesday.NRT is the parent of Coldwell Banker, Sotheby’s International Realty and ZipRealty and a subsidiary of Realogy, a publicly traded real estate conglomerate.NRT has pursued the same approach with other regional firms it acquired including the Corcoran Group in New York City and Laura McCarthy Real Estate in St. Louis, said Bruce Zipf, NRT’s president and chief executive.Climb tries hard to appeal to Millennials by focusing on mobile technology and social media.“I believe what this represents is a more traditional type platform coming together with a more innovative, unique-type platform” and providing the financial capital to expand Climb in the Bay Area, Zipf said.Greg Macres, NRT’s executive vice president for the western region, said, We want our agents to be more mobile (and) stretch the boundaries of technology.
NYS Entity Status
NYS Filing Date
DECEMBER 13, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - JJ1 REALTY ASSOCIATES, LLC
AROUND THE WEB
- Nation’s largest brokerage firm acquires SF’s Climb Real Estate
By Kathleen Pender - Wednesday Aug 31, 2016
- Square Feet: Apple Disrupts Silicon Valley With Another Eye-Catcher: Its New Home
By KATHY CHIN LEONG - Tuesday Jul 4, 2017
Apple Park, headquarters for 12,000 people, has brought tourists, businesses and higher real estate prices to the surrounding area.
- Bay Area home prices hit record as sales drop
By Kathleen Pender - Thursday May 25, 2017
Bay Area home prices hit record as sales dropThe median price paid for a Bay Area home last month surged to a record — $750,000 — as the inventory of homes for sale continued to fall far short of demand, according to a report released Wednesday by the research firm CoreLogic.The median price paid for new and existing single-family homes and condos in the nine-county region was up 4.9 percent from a revised $715,000 in March, and up 8.7 percent year over year, the report said.The condo, listed at $1,249,000, has 1,525 square feet of “gracious living space,” according to its ad, and monthly homeowners association fees of $500.“I just sold a home, the buyers were tired of getting outbid and went way overboard,” said Murline Monat, an agent with Paragon Realty Group in Danville.The Castro Valley deal has not closed, and Monat believes the appraisal will come in at least $25,000 below the accepted offer price.Because the buyers had released their appraisal contingency to sweeten the deal, they will have to increase their down payment by the difference between the appraised price and the offer price, Monat said.Real estate agents blame the current situation largely on a persistent lack of inventory, which has plagued the region since around 2013.The California Association of Realtors reported this week that the median amount of time it would take to sell all Bay Area homes on the market at the current sales rate was 2.4 months in April, down from 2.6 months the previous April and about half the historical average of 5.1 months, said Jordan Levine, the association’s senior economist.The median time it took to get an offer accepted on a Bay Area home was just 20.1 days last month, down from 20.4 days a year ago and about half the long-term average of 36.8 days.During the recession, he added, “many homes foreclosed upon were bought up by investors and turned into rental units.”[...] in some markets, rising income inequality has helped widen the price gap between starter, move-up and luxury homes.More construction would help, but it can’t solve the problem considering that new homes typically account for only one out of 10 homes on the market.On the plus side, if you can call it that, 40 percent of Americans age 18 to 34 (excluding college students) are still living with parents or relatives, the highest percentage since around 1940.
- Get ready for 'spring cleaning' in foreclosures
By firstname.lastname@example.org (MarketWatch.com) - Thursday Dec 11, 2014
RealtyTrac sees foreclosures at pre-recession levels early next year, and banks gearing up for some "spring cleaning."
- Four Credit Repair Agencies Accused Of Misleading Customers, Charging Illegal Fees
By Ashlee Kieler - Tuesday Jun 27, 2017
Four different “credit repair” operations have been ordered to pay a total of more than $2 million in penalties for allegedly tricking people into thinking their bad credit could be easily fixed.The Consumer Financial Protection Bureau announced today that it filed complaints and proposed judgments against Prime Credit, LLC, IMC Capital, LLC, Commercial Credit Consultants, and Park View Law, …
- Protesters Outside ‘Julius Caesar’ in Central Park, and Laughs Inside
By EMILY PALMER and MAYA SALAM - Sunday Jun 18, 2017
Just a day after the “Shakespeare in the Park” play was interrupted by protesters who rushed on stage, a few demonstrators picketed, and the production was adjusted to address the episode.