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COLDWELL BANKER PITTSBURGH ACQUIRES WOLF & ASSOCIATES REAL ESTATE

 National Residential Real Estate Company Increases Market Share
 in the Pittsburgh Area
 PITTSBURGH, June 1 /PRNewswire/ -- Coldwell Banker Residential Brokerage is continuing to expand its operations in Pittsburgh and announced today it has acquired four offices operated by Wolf & Associates Real Estate Pittsburgh, according to George Hackett, president of Coldwell Banker in Pittsburgh.
 "With the acquisition of Wolf & Associates, Coldwell Banker will have increased its market share to approximately 16 percent in the Pittsburgh area," said Hackett. "The infusion of some 60 sales associates will overnight give us a greater presence in the southern and eastern sections of the market."
 Coldwell Banker now has a total of 15 offices and over 700 sales associates in Pittsburgh and 60 offices in Pennsylvania. Founded in 1906 in San Francisco, and currently headquartered in Mission Viejo, Calif., Coldwell Banker has operated in Pittsburgh since 1984.
 Albert Wolf, president of Wolf & Associates who will now act as a consultant to Coldwell Banker Pittsburgh, said, "To compete in today's market place and to service your customers to the highest degree, you need the name recognition, marketing resources and corporate support that a national company like Coldwell Banker provides." Wolf added, "Coldwell Banker has the most comprehensive and highest quality services available in the real estate industry today."
 Coldwell Banker is the only national residential real estate company to have a dual-delivery system of company-owned and franchised offices. "The acquisition of Wolf & Associates is part of our continued success and committed growth in the company-owned operations," said Robert A. Arrigoni, president of Coldwell Banker Residential Brokerage.
 Coldwell Banker has over 2,100 residential real estate offices and over 50,000 sales associates and employees in North America.
 -0- 6/1/93
 /CONTACT: Ellen Wein of Coldwell Banker, 412-366-1600, ext. 235/


CO: Coldwell Banker Residential Brokerage; Wolf & Associates Real
 Estate; Coldwell Banker Pittsburgh ST: Pennsylvania IN: SU: TNM


CD-KC -- PG002 -- 3910 06/01/93 11:31 EDT
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Publication:PR Newswire
Date:Jun 1, 1993
Words:320
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