In yet another aggressive bid for market share, Halstead Property is
expanding into Connecticut, acquiring Darien-based brokerage Wheeler Real
Estate. Wheeler, founded in 1927, has one 55-agent office at 671 Boston Post
Road in Darien and serves the surrounding towns of New Canaan, Rowayton
and Norwalk. The new company will be known as Halstead Property Wheeler. In an environment where other firms have been closing offices, Halstead
has taken advantage of the downturn to expand aggressively. In October,
Halstead, owned by Terra Holdings, opened its first out-of-state office
with a new branch in Hoboken, N.J.
The company also recently opened a new office in Boerum Hill, Brooklyn.
Halstead has nine other offices in New York City — including one in
Harlem, where the Corcoran Group and Warburg Realty recently closed
their offices — and one in Hudson, N.Y. [more]