San Jose, CA, October 21, 2015 – Coldwell Banker Residential Brokerage, Northern California's leading real estate services company, announced today that it has purchased the assets of Icon Home Loans, Inc., which operates as Coldwell Banker Platinum Group in San Jose.
The firm’s office, located at 1630 East Capitol Expressway in San Jose, will now operate under the Coldwell Banker Residential Brokerage banner. Coldwell Banker Residential Brokerage has a strong existing presence in San Jose, where it has three offices.
With the addition of this firm, which has 86 affiliated agents and accounted for $167 million in sales volume in the last 12 months, Coldwell Banker Residential Brokerage strengthens its position as the largest full-service residential real estate company in the Silicon Valley and throughout the Bay Area.
“Coldwell Banker Platinum Group is a successful real estate firm with a strong team of experienced agents whom we are very pleased to welcome to our organization,” said Mike James, president of Coldwell Banker Residential Brokerage in the Bay Area, which is owned and operated by NRT LLC. “This acquisition adds to our already strong position in the marketplace and is part of our strategic growth plan."
Kamran Chitgar, former owner of Coldwell Banker Platinum, said their affiliated sales associates will gain a number of advantages, including greater resources to support buyers and sellers in the market. Chitgar will become an affiliated sales professional with Coldwell Banker Residential Brokerage.
"Having the scale and scope of the nation’s largest residential brokerage company behind us, greater advertising and marketing support, advanced technological tools, and more networking opportunities, our sales associates will be well positioned to grow their business and improve their services to clients," Chitgar said. “We are pleased to continue under the Coldwell Banker banner.”
Coldwell Banker Residential Brokerage’s three existing offices in San Jose are: The San Jose Main office at 1045 Willow Street, phone 408.491.1600; the Almaden office at 1096 Blossom Hill Road, Suite 200, phone 408.448.4488; and the Willow Glen office at 1712 Meridian Avenue, phone 408.723.3300. For more information, please contact the offices directly or visit www.ColdwellBankerHomes.com.
About Coldwell Banker Residential Brokerage
Coldwell Banker Residential Brokerage is the largest residential real estate brokerage in Northern California and serves the markets from Monterey to Tahoe and nearly every market in between. The company has 57 office locations and more than 3,900 affiliated sales associates throughout Northern California. Last year the company handled 13.5% of all dollar volume sold in Northern California, more than double its nearest competitor. Through its internationally renowned Coldwell Banker Previews® program, Coldwell Banker leads the luxury home market in Northern California, representing more than 22% of all dollar volume sold of properties over $1 million. A subsidiary of Realogy Holdings Corp. (NYSE: RLGY), NRT LLC operates Realogy’s company-owned real estate brokerage offices. For more information please visit www.ColdwellBankerHomes.com or call 925.771.5285. CalBRE #01908304.