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New York

Florida real estate firms expand beyond Sunshine State

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From the South Florida Web site: With thousands of homes in
foreclosure or selling at deep discounts, South Florida’s brokers and
auctioneers have one of the busiest distressed real estate pipelines in
the nation. Nevertheless, some are expanding beyond the Sunshine State
to pursue new opportunities. Scott Coloney is one of them. A broker
with RE/MAX in Fort Lauderdale, Coloney launched his Foreclosure
Response Team of Florida in 2008. He’s expanding his company into
Michigan through a strategic alliance with another RE/MAX agency,
taking advantage of the property value collapse around Detroit and
other areas affected by the state’s industrial slump. Coloney isn’t the
only Florida real estate brokerage making moves
beyond state borders. Chad Roffers, the former president of SKY
Sotheby’s, launched Sarasota luxury real estate auction company
Concierge Auctions in 2007 and is quickly expanding to other states.
Concierge Auctions recently opened an office in New York City and has a
nationwide clientele.