The Real Deal New York

William Raveis to acquire Bellmarc: sources

April 08, 2011 02:43PM

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Bellmarc CEO Neil Binder and William Raveis’ Westchester office

Bellmarc Realty is close to being acquired by Connecticut-based William Raveis Real Estate, sources tell Crain’s. As The Real Deal previously reported in a profile of the firm in the April issue, William Raveis has sought to enter the Manhattan market ever since expanding to Westchester in July 2009. The Real Deal ranked William Raveis the 10th largest firm in Westchester on the strength of its 80 agents and 98 residential listings averaging more than $1 million in value.
Bellmarc had already sold its 50-building rental portfolio to Prudential Douglas Elliman last year. Crain’s could not obtain details of the deal, and neither Bellmarc nor William Raveis would comment on the pending acquisition. [Crain's]

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