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Article: Jackson Hole Realty bought by Sotheby's
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- October 16, 2003
- Author:
CopyrightCopyright 2003 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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JACKSON, Wyo. -- Jackson Hole Realty, Wyoming's largest real
estate firm, will be acquired by Sotheby's International Realty,
effective Oct. 28, officials from both companies said.
Terms were not disclosed on the deal that had been in the works
for 17 months.
Jackson Hole Realty has 11 offices in Wyoming and Idaho. Sotheby's
is a $319 billion, publicly traded company based in New York and
London with 22 offices and more than 175 affiliates.
Sotheby's, which has been in the Jackson Hole market since 1999,
currently employs about 40 sales associates in Jackson Hole while
Jackson Hole Realty has about 60.
The transaction marks a significant shift in a lucrative real
estate market in one of the ...