Coldwell Banker Bain
FOR IMMEDIATE RELEASE
Bellevue WA-Based Coldwell Banker Bain Acquires Coldwell Banker Morris Real Estate of Bend, Oregon
Acquisition brings total number of Coldwell Banker Bain offices to 32 and brokers to 1,300 throughout Washington and Oregon
BEND, Oregon. (November, 2019) – Coldwell Banker Bain, a leading provider of real estate brokerage services throughout the Pacific Northwest, and a market leader in home sales in 2019, has announced it has purchased Coldwell Banker Morris Real Estate of Bend, Oregon from owners Russ and Pam Kirk and Sharon Dunlevy. Details of the sale were not disclosed.
The purchase expands Coldwell Banker Bain’s brand in Oregon to four total offices (the company currently has two offices in Portland, and one in Lake Oswego) and 300 brokers. This newest office serves clients in Bend and the surrounding communities and areas including Bend (Three Rivers South), Black Butte Ranch, Eagle Crest, La Pine, Powell Butte, Prineville, Redmond, Sisters, Sunriver.
According to Brandon Fairbanks, who has served as Coldwell Banker Morris’ principal managing broker for the past five years and who will continue in that role, “This is so exciting for us - our agents couldn’t be more thrilled. First off, both Coldwell Banker Bain and Coldwell Banker Morris are very well established and respected real estate companies not only within the Coldwell Banker network, but in the communities they serve. Both companies are known for integrity, ethics, and professionalism.”
Brandon added, “The opportunity for networking and referrals between brokers will be very powerful, and the amount of support we’ll get will allow our brokers to focus solely on their clients and transactions, and our staff will be able to move from administrative duties to focusing on supporting the brokers. Coldwell Banker Bain’s first-class technology tools, marketing support and training resources are going to make an incredible difference in how we do business.”
“We couldn’t be more excited about working with such a well-regarded brokerage that has been led so expertly by Pam, Sharon, Russ, Al Eastwood and Brandon” said Mike Grady, Coldwell Banker Bain COO and president. “Since 1993 we have been a growth company, whether that be organically or through acquisitions, and we’ve long been interested in expanding in Oregon.
When the Morris ownership team decided it was time to retire and approached us because of our common cultures and long-term business relationship, we jumped at the chance.”
Grady pointed to Central Oregon’s robust housing market, with many buyers coming from outside markets like California and Washington to enjoy a year-round destination offering world class skiing and downhill mountain biking at Mt. Bachelor, numerous world-renowned golf courses, fly fishing in the Deschutes, and for the recent addition of an Oregon State University campus located on the west side of Bend.
“While inventory levels remain a challenge and home prices have risen over the past several years, Central Oregon remains a great value compared to the areas from which buyers are moving. We feel the economy in Central Oregon will spur growth now and in years to come,” he said.
About Coldwell Banker Morris Real Estate
Gary Morris founded Morris Real Estate in 1969 in Bend Oregon. Gary sold the company to a group of partners in the early seventies. Two of those partners were Pam Kirk and Sharon Dunlevy.
Pam’s husband Russ Kirk joined the company and ran it from 1978 until he retired in 1997. Russ’s philosophy and management style, with able assistance from Al Eastwood, and Brandon and Natalie Fairbanks, propelled the company to success even through multiple recessions.
In 1983 Morris Real Estate purchased the Coldwell Banker franchise thus becoming Coldwell Banker Morris Real Estate. Today the company has grown to 96 brokers and 7 staff positions with a broker average of 14 properties sold per year.
Coldwell Banker Morris Real Estate has been recognized as a Chairman’s Circle Company for the past 22 years, an award given only to the top Coldwell Banker Companies in North America and has been consistently ranked the #1 Coldwell Banker office in Oregon.
The company has experienced an increase in home sales over $1,000,000 by 55% in 2019 vs. 2018 year to date.
About Coldwell Banker Bain
Coldwell Banker Bain is the #1 Coldwell Banker affiliate in the world with nearly $6 billion in volume in 2018, and has been helping people buy and sell homes in the Pacific Northwest since
1972. With 1,100+ brokers in 32 offices throughout Washington and Oregon, the company provides the full spectrum of services to buyers and sellers, with special expertise in the luxury realm.
Additionally, the company has once again earned the national Coldwell Banker Chairman’s Circle designation for outstanding performance in volume for 2018, ranking as a No. 1 network affiliate out of 3,000 offices in 48 countries. The company also provides services in property management, commercial real estate and real estate investment, and relocation management. Coldwell Banker Bain consistently ranks among the Top 20 Real Estate Companies in the nation as cited by Real Trends and RISMedia’s Real Estate. For more information, visit www.coldwellbankerbain.com.