The Coldwell Banker real estate franchises in Wilmington and Raleigh have merged, creating on the state's largest residential brokerage companies.
Coldwell Banker Sea Coast Realty of Wilmington and Coldwell Banker Advantage of Raleigh and Fayetteville announced the merger Thursday.
The combined companies will have a sales team of more than 600 agents and 26 sales offices in Raleigh, Wilmington, Fayetteville, Jacksonville and across eastern North Carolina.
“Today’s merger creates the fifth largest Coldwell Banker affiliated company in North America and the number one Coldwell Banker affiliate in North Carolina,” said Coldwell Banker Real Estate Corporation CEO Jim Gillespie in a statement.
The new company will be led by co-CEOs Tim Milam of Sea Coast Realty and Gary Rabon of Advantage. In Wilmington, it will be called Coldwell Banker Sea Coast Advantage. The company will continue to operate under the Advantage name in Raleigh and Fayetteville.
Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or