Prudential Indiana adds two Coldwell Banker offices

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Prudential Indiana Realty Group has brought the Avon and Carmel offices of Coldwell Banker Alliance into its residential real estate agency.

Kevin Kirkpatrick, president of Prudential Indiana, said the merger announced Friday will further strengthen Prudential’s market share in the metropolitan area.

“It allowed us to reposition ourselves to the west side,” he said. “We don’t have a presence over there.”

The deal brings 15 real estate agents and about $30 million in annual residential sales to Prudential Indiana, which plans to open an office on Rockville Road. The agency also has offices in Fishers and Zionsville, as well as its principal location on East 82nd Street in Indianapolis

The acquired agencies will operate under the Prudential Indiana name.

Adding the Coldwell Banker agencies follows Prudential’s move earlier this year that brought the largest Indianapolis-area Century 21 residential real estate group under its brand.

In April, the Century 21 Realty Group’s 12 offices and 500 employees began operating as affiliates of New Jersey-based Prudential Real Estate and Relocation Services.

The move instantly gave Prudential a big market presence in Indianapolis. It did not have an existing top-25 agency in the area.

Century 21 Realty Group sold $777 million worth of homes in 2009, according to IBJ research, making it the second-largest residential real estate agency in central Indiana behind F.C. Tucker Co. Inc.

The owner of the Century 21 brand, New Jersey-based Realogy Corp., had been having financial difficulties. It lost $262 million in 2009.

Realogy still has three substantial agencies in the Indianapolis area operating under its Century 21 brand: Carmel-based Century 21 Scheetz, Indianapolis-based Century 21 Diversified Realty and Carmel-based Century 21 Rasmussen.

Counting the former Coldwell Banker staff, Prudential now has 450 agents.


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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.