Coldwell Banker Realty has acquired franchisee affiliate Coldwell Banker Bain, a regional real estate company that traces its Seattle roots to 1972.
Coldwell Banker Bain’s 1,300 brokers in 37 offices across Washington and Oregon, plus the management team and President and CEO Mike Grady, will remain in place and operate under the firm’s current name, according to a news release.
The Bain team will merge with the larger Coldwell Banker Realty operation that includes more than 53,000 sales associates in 642 offices and 55 markets across the country. Coldwell Banker Realty had a combined sales volume of nearly $204 billion in 2021.
“I’m excited to welcome Coldwell Banker Bain,” Coldwell Banker Realty CEO M. Ryan Gorman said in the news release. “The company has been a North Star for luxury real estate for over 50 years, and we are proud to support their legacy.”
Coldwell Banker Bain has built a reputation as a regional luxury property stalwart since it was founded by Bill Bain as William A. Bain Associates in Seattle in 1972. In 1993, the company become part of the Coldwell Banker system as an affiliate. Last fall, owner and Chairman Bill Riss sold his stake in the company after nearly 40 years there.
The deal announced this week is expected to give Bain further access to Coldwell Banker Realty’s tools and resources, helping Bain serve its clients in the Pacific Northwest.
“At Coldwell Banker Bain, we take immense pride in the support and services we provide to our agents and employees, which ultimately leads to superior knowledge, advocacy, and service to exceed our clients’ expectations,” Grady said. “We’re excited to continue helping our clients and customers realize their homeownership dreams under the same trusted name and brand of Coldwell Banker Bain, now with the support from the company-owned operations.”