New York City-based residential brokerage Halstead Property is teaming up with Houlihan Lawrence, Coach Realtors and Turpin Realtors to form a Tri-State Alliance, a partnership which will allow the brokerages to share exclusive property listings online, Halstead announced today.
By sharing listings with the other brokerages, Halstead, which lists properties in New York City, the Hamptons, Fairfield County in Connecticut and Hudson and Essex Counties in New Jersey, will be able to offer its clients listings in Somerset, Morris, Hunterdon, Essex and Union Counties in New Jersey as well as Westchester, Putnam and Dutchess counties in New York.
“We deal with a lot of people in the city who leave,” said a spokesperson for the brokerage, “and it’s overwhelming for them [to find a broker and a place to live]. This allows us to have a presence in Westchester for example, where we don’t have a brick-and-mortar presence.”
The four heads of each firm began discussing the collaboration in early 2011, according to a company release. Last August, the four company owners met in the New York City offices of Halstead to formally begin the process.
“This move is unprecedented in our industry, and we are extremely proud of all of our efforts to develop this alliance that will better benefit consumers in a one-stop experience. This unique sharing and collaboration among independently owned and non-franchised brokerages developed from the mutual friendship and respect each brokerage has for one another,” said Diane Ramirez, president of Halstead.
Halstead’s sister company Brown Harris Stevens is not involved in the Tri-State Alliance, the spokesperson said, noting that the system was not similar to a multiple listings service.
“They may be our sister company,” she said, “but they’re still a competitor.” — Katherine Clarke