Coldwell Banker Commercial Island Corporate Services with Principals, Lee Rosner, Edward Pidgeon, and Leo Farrell, who have more than 75 years of combined experience in commercial real estate, will specialize in sales and leasing of industrial, office, retail, investment properties, and land for build-to-suits throughout Long Island and New York State. They will also continue as a full service property management company with a portfolio of commercial properties under management throughout New Long Island.
The company will have 10 veteran brokers, including the addition of Michael Rescigno, principal of Commack-based Eastern Commercial Real Estate. Additionally, they will have over 75 exclusive listings, which will position Coldwell Banker Commercial Island Corporate Services as the most prolific and largest commercial real estate brokerage firm on Long Island, east of Melville, NY.
Coldwell Banker Commercial is a subsidiary of Realogy Holdings Corp. (NYSE:RLGY), the world’s leading real estate franchisor, the Coldwell Banker Commercial® organization is a worldwide leader in the commercial real estate industry. Realogy is a $7.4 billion public company. Apollo Global Management is Realogy's largest single shareholder. Coldwell Banker Commercial is part of the oldest and most respected national real estate brand in the country, which was founded after the San Francisco earthquake of 1906 by Colbert Coldwell, who was later joined by Benjamin Banker.
With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises over 200 companies and more than 3,000 professionals throughout the U.S., as well as internationally. In fact, CBC possesses the largest geographic in today’s commercial real estate marketplace. Coldwell Banker Commercial is on the leading edge in the commercial real estate industry with the latest and most advanced technological tools and software. They will provide their full support to the new company. The organization’s worldwide headquarters are in Madison, NJ.
The synergy brought about by the merger, as well as the most recognizable real estate brand worldwide, made it an easy decision for the principals who have been well respected colleagues in the mainstream of the Long Island commercial real estate community for the past 25+ years.