Newspaper article from our research archive:
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Hunneman to be sold to real estate conglomerate.
- Article from:
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The Boston Herald
- Article date:
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October 8, 1998
- Author:
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Copyright informationCOPYRIGHT 1998 Boston Herald. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hunneman Real Estate Corp., one of the largest brokerage companies in Massachusetts, is being sold today to NRT Corp. of Parsippany, N.J.
NRT, a joint venture of Cendant Corp. and Apollo Management LP, will add Hunneman's 75 New England offices to its catalog of big real estate names, which includes Coldwell Banker, Century 21 and ERA.
Terms were not disclosed.
"In this era of consolidation in the real estate industry, we can greatly benefit from the national strength of NRT and from the financial stability it can provide through economic cycles," said Hunneman's chief executive, Stuart Pratt, in a prepared statement.
Since 1997, NRT has acquired nearly 30 U.S. ...
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