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Weichert, Realtors is a residential and commercial real estate franchisor founded in Chatham, New Jersey in 1969. Since 1989, the company has been headquartered in Morris Plains, New Jersey. It is a family-owned and operated business led by co-presidents, founder Jim Weichert and James Weichert, Jr, his son. [1]
Coldwell Banker Real Estate LLC is an American real estate franchise owned by Anywhere Real Estate, with headquarters in Madison, New Jersey. It was founded in 1906 in San Francisco, [1] and has approximately 3000 offices in 49 countries and territories. [2] It publishes an annual house price guide, Home Listing Report.
In 2010, the company closed a $320 million joint venture with The Blackstone Group, which included the sale of a 60% interest in 2 malls. [ 8 ] In 2011, the company completed an asset swap with DDR Corp. in which the company sold Polaris Towne Center and purchased Town Center Plaza for $139 million.
Small parts of two municipalities are located in Morris Township: the city of Mount Vernon, the county seat of Knox County, in the southeast; and the village of Fredericktown, in the northwest. The unincorporated community of Knox is located in Morris Township.
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In 2022, Newmark commercial real estate agents were sued by a client after they drastically mispriced an asset in a deal they brokered. The property, once owned by OCA - Asian Pacific American Advocates, a Washington, D.C.–based non-profit, was sold for $4.4 million. Four months later, the buyer resold the asset for a 30% increase.
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Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.