Terra Holdings purchase creates city's biggest luxury firm.In an acquisition that will create one of the largest high-end real estate firms on the East Coast and the largest residential real estate firm in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Terra Holdings has purchased Dunemere Associates Real Estates. The Holding company for several real estate operating firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including Brown Harris Stevens and Halstead Property, Terra Holdings announced that it has purchased a majority interest in Long Island-based Dunemere Associates Real Estate, the most prominent and reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil firm on the East End of Long Island, also serving The Hamptons.Dunemere Associates will begin operating under the Brown Harris Stevens' name. With five offices and more than 100 brokers, Dunemere Associates was attractive to the Terra Holdings executives for its high-end status, large size and excellent reputation. "We are proud and excited to join forces with the premiere, high-end real estate firm in The Hamptons," said Terra Holdings Co-Chairmen Arthur W. Zeckendorf and David A. Burtis. Many People who desire high-end properties in Manhattan also reside in The Hamptons. This acquisition will create unbelievable resources for our clients and our brokers as well as enable us to offer a powerfull combination of relationships, expertise, knowledge, and services." Dunemere Associates will take on the well-known name of Brown Harris Stevens. The acquisition reinforces Brown Harris Stevens' position as the largest privately held real estate firm in New York City and Palm Beach, Florida Palm Beach is an incorporated town in Palm Beach County, Florida. The Intracoastal Waterway separates it from the neighboring cities of West Palm Beach and Lake Worth. As of 2000, Palm Beach had a year-round population of 10,468, with an estimated seasonal population of 30,000. as well as propels the firm to be the premier residential brokerage firm in the Hamptons Brown Harris Stevens, owned by Terra Holdings and established in 1873, is known throughout the New York Metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. for its high-end properties and reliable, confidential service. "Individuals in the Hamptons Manhattan and Palm Beach Luxury markets will certainly find this partnership to be beneficial," said Brown Harris Stevens' President Hall F. Willkie. We have earned an esteemed sophisticated, and highly respected reputation in New York City and we will bring this identity to the Hamptons, providing our customers with personal service and unprecendented resources," In addition to the six offices in manhattan and on Long Island Brown Harriss Stevens also has two offices in Palm Beach, Florida, where the firm has a tremendous presence, and an office in Winter Park, Florida Winter Park is a city in Orange County, Florida, United States. The population was 24,090 at the 2000 census. According to the U.S. Census Bureau's 2006 estimates, the city had a population of 28,083. . Dunemere Associates has offices in East Hampton East Hampton or its variants is the name of several places in the United States:
A village of southeast New York on the eastern end of Long Island on an inlet of Long Island Sound. A major whaling port in the early 19th century, it is today primarily a resort. Population: 2,360. , Southampton, and Greenport. "Dunemere Associates is incredibly proud to be making this announcement with the wellknown executives of Terra Holdings," said Dunemere Associates Principles Joseph Kazickas, Peter Turino, and Andrea Ackennan. "We are certain that this acquisition will mean providing our customers with the best possible service, not only in The Hamptons, but also in New York City." Dunemere Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. is the Christie's Great Estates affiliate for Eastern Long Island. Brown Hams Stevens is the exclusive New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Palm Beach affiliate for Christie's Great Estates. Brown Harris Stevens as well as Halstead Property, Halstead/Feathered Nest, and Vanderbilt Appraisal & Consulting are among the operating finns held by Terra Holdings. The potential for other Terra Holdings mergers continues to exist as the company stays focused on strengthening its presence in the luxury market on the East Coast. |
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