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The acquisition of Droubi Real Estate in San Francisco by Coldwell Banker may raise some questions in the real estate world. Was the sale of the company from a position of strength or was the weakening real estate market in the Bay Area signaling that independents are in for a rougher ride and it is time to take the money and go with the big boys?

Coldwell Banker Residential Brokerage in Northern California has announced that it has acquired the assets of San Francisco-based Droubi Real Estate, Inc. The boutique residential real estate brokerage’s more than 40 sales associates, who were responsible for approximately $317 million in closed sales volume during the past 12 months, will now operate under the banner of Coldwell Banker Residential Brokerage. The operations of the company’s office will be combined under the leadership of Kathy Murphy, Coldwell Banker Residential Brokerage’s manager of its Market Street office.
The acquisition of Droubi Real Estate, a leader in the San Francisco area for 35 years, continues Coldwell Banker Residential Brokerage’s expansion and strengthens its position as the largest full-service residential real estate brokerage in Northern California with reported 2006 sales volume of more than $20 billion. In the San Francisco Bay Area/Peninsula region alone, the company’s more than 3,000 sales associates accounted for approximately $12 billion in total closed sales volume this past year.via RISMedia.

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