The financial terms of the deal were not disclosed.\u00a0<\/p>\n
\u201cThis is more than an acquisition \u2014 it\u2019s a statement of intent,\u201d \u00a0Howard \u201cHoby\u201d Hanna,<\/a> the CEO of Howard Hanna Real Estate Services, said in a statement. \u201cFor nearly seven decades, our company has grown through relationships, service, and innovation. Expanding into Manhattan reflects our vision for connecting people and places in meaningful ways, helping agents thrive and clients achieve a best-in-class real estate experience. We\u2019re proud to bring Howard Hanna to New York City and excited for the opportunities ahead.\u201d<\/p>\n Since entering New York State 10 years ago, Howard Hanna has grown into the largest brokerage in the state by both agent count and homes sold, closing just shy of 103,000 transactions company-wide in 2024, for a total of nearly $27 billion in sales volume, the company said. <\/p>\n Through the acquisition, Elegran is joining Howard Hanna\u2019s network of over 15,000 agents and staff.\u00a0<\/p>\n \u201cI founded Elegran with a simple goal: to create a brokerage that truly puts its agents first,\u201d Michael Rossi, the CEO of Elegran, said in a statement. \u201cAs the industry evolved, I recognized the value in joining a larger, more influential community. Howard Hanna was the obvious choice. This partnership gives our agents the scale, technology, and marketing power to grow their business while maintaining the personal, client-first culture that has defined our success in the city.\u201d<\/p>\n According to the press release, Howard Hanna remains focused on expanding its national presence<\/a> and is continuing to explore acquisition and partnership opportunities.\u00a0<\/p>\n \u201cFor the first time, consumers can work with a single brokerage that connects the entire Tri-State area,\u201d Matt Rand, the president of Howard Hanna New York, New Jersey, and Connecticut, said in a statement. \u201cFrom New York City through Long Island, Westchester, Connecticut, the Hudson Valley, and Northern New Jersey, we offer a truly unified network that meets clients wherever life takes them.\u201d<\/p>\n In August, Howard Hanna marked its entrance into Georgia <\/a>through its acquisition of Coastal Properties. The firm also recently went through a rebrand<\/a>, unveiling a new modern logo.<\/p>\n","protected":false},"excerpt":{"rendered":"The financial terms of the deal were not disclosed.\u00a0 \u201cThis is more than an acquisition \u2014 it\u2019s a…\n","protected":false},"author":2,"featured_media":4974,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[4867,4925,4926,4927,9,24,56,63,65,64],"class_list":["post-4973","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-howard-hanna","tag-howard-hanna-real-estate-services","tag-hwmember","tag-mergers-and-acquisitions","tag-new-york","tag-new-york-city","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/4973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=4973"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/4973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/4974"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=4973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=4973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=4973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}