Coldwell Banker Residential Brokerage Acquires Sam Armstrong Realty in Southern California

San Diego, CA, March 8, 2017 – Coldwell Banker Residential Brokerage, a leading residential real estate brokerage company in Southern California, announced it has acquired the assets of Sam Armstrong Realty Inc., which did business as Coldwell Banker Armstrong Properties in Riverside, Calif. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company.

A family-owned brokerage, Coldwell Banker Armstrong Properties, has served clients throughout Riverside County from its office at 6809 Brockton Ave. in Riverside since 1963.

As part of the acquisition:

  • The single sales office of Coldwell Banker Armstrong Properties will operate as Coldwell Banker Residential Brokerage
  • Coldwell Banker Armstrong Properties’ former broker owner Teri Armstrong-Hardke will continue in a sales capacity with Coldwell Banker Residential Brokerage
  • Long-time Sales Manager Shannon Salazar will remain with the company as the sales manager of the office in Riverside
  • Coldwell Banker Residential Brokerage welcomes the 66 independent sales professionals of Coldwell Banker Armstrong Properties

Quotes:

“We have been strategically looking to connect our inland footprint with just the right sales force and harmonized company culture and found our match in Coldwell Banker Armstrong Properties. We identified this family business running rich in local heritage with a solid community focus and industry integrity as the next place where Coldwell Banker Residential Brokerage would help more buyers and sellers of real estate. We are thrilled to be now solidly centered in the Riverside market with a stellar group of real estate professionals aligned with the leading global real estate brand.”
- Jamie Duran, president of the Orange County, San Diego and Desert operations of Coldwell Banker Residential Brokerage

“Our agents deserve the best and I feel that they are getting it. I look forward to accelerated and continued growth as a result of this change.”
- Teri Armstrong-Hardke, former broker owner Coldwell Banker Armstrong Properties

About Coldwell Banker Residential Brokerage

Coldwell Banker Residential Brokerage, the leading residential real estate brokerage in Southern California, operates more than 75 offices throughout Southern California and Arizona with more than 5,500 independent sales associates. Coldwell Banker Residential Brokerage is owned by NRT LLC, which is the largest residential real estate brokerage in the United States.