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The deal, terms of which were not comes not long afterr Stucky dropped the ColdwellBanker flag. It’e another piece of a recent shakee up with local realestats companies. Plaza Real Estate this week picked up the Coldwell name to expand its franchising Frank Stucky, CEO of Stucky, said the deal with Prudentiap offers additional opportunities. “We now have access to greatet resource, a state-of-the-art technology platform, a combinedc national referral system and the power of thePrudential name,” Stucky said in a “We look forward to reapingv the benefits of this strategic move.” Stucky coul d not be reached for comment Friday.
The transaction adds to Prudential 155 sales professionalsa to bring its totalto 460. Willise Kihle, president of Prudential Dinning-Beard says the deal happenesd quickly. “I think he could have gone Kihle saysof “We’re just excited about the environment we’rd in right now. Our objectiver has been to build a company and this is obviouslyy a huge step inthat direction.” Stuckg & Associates, which has officesz in El Dorado, Newton and cut ties with Coldwell Banker in part becaused of the cost of the annuak franchise fees during the down economy, Stuckyy told the Wichita Business Journaol last week.
He declined to say how much the Coldwellp Bankerfranchise cost, only calling it “fairly “We’ve been looking at doing somethingh basically this whole year,” Stucky The deal will bolster Prudential’s market share. The company ranked No. 2 in 2008 residential salese volume with morethan $397 according to the Wichita Business Journal’ residential real estate brokerage s list. Stucky, meanwhile, ranked No. 4 with nearly $255 millionb in sales.
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