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By Rick Moriarty
Syracuse, N.Y— RealtyUSA, the largest residential real estate broker in New York, has merged into Howard Hanna Real Estate Services, the biggest broker in Pennsylvania and Ohio.
The merger was announced in Buffalo by Howard W"Hoddy" Hanna III, chairman of Howard Hanna Real Estate, and Merle LWhitehead, president and CEO of RealtyUSA
"I have known and respected the Hanna family for years," Whitehead said in a statement"Their growth in the last decade has been amazing A common theme of commitment to our agents by developing the best in products and services for customers and clients will assure our combined success."
The companies said there will be no change in their names or local leadership The RealtyUSA logo will feature the tagline "A Howard Hanna Company."
RealtyUSA is the largest residential broker in New York, with 65 offices in Western Central and Northern New York, the Capital Region and the Southern TierIt has more than 2,200 sales associates and employees and is ranked the ninth largest real estate company in the country with 23,023 closed transactions last year.
Howard Hanna Real Estate Services has 205 offices in Pennsylvania, Ohio, New York, Virginia, Michigan, West Virginia, North Carolina and MarylandIt had no offices in the Syracuse areaThe company has more than 7,100 agents and employees and is ranked the fourth largest real estate company in the country with 66,714 closed transactions last year.
The merger makes Howard Hanna the third largest real estate company in the United StatesThe combined companies had $16.2 billion in closed sales volume last year and 89,737 closed transactions
Together, the companies have more than 9,000 sales associates and employees in 270 offices Whitehead will become chairman of the combined company in New York and Armand D'Alfonso will be president
RealtyUSA was founded in Buffalo in 1959Howard Hanna Real Estate was founded in Pittsburgh in 1957.
Howard Hanna Real Estate first entered New York in 2003 in Chautauqua CountyIn May, Nothnagle Realtors merged with it, giving Howard Hanna 32 offices in Western New York, the Southern Tier and Finger Lakes areas.
Helen Hanna Casey, president and CEO of the family-owned and operate Howard Hanna Real Estate Services, said an expansion into the Syracuse and Albany metropolitan areas was a logical move for the company.
"We made the decision in the mid-1980s to remain independent, with the goal of always being a large regional broker in the Mid-Atlantic, Midwest and Great Lakes regions," she said"And when you find a prominent company that is run with the utmost integrity and is so like-minded with complementary management styles and great managers, it makes sense to come together."
Contact Rick Moriarty anytime: Email | Twitter | Facebook | 315-470-3148
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