Daniel Gale Sotheby’s International Realty Enters the Hamptons with Strategic Acquisition Acquires Legacy Agency Norma Reynolds Sotheby’s International Realty
Posted by Kathleen Caputi — March 6, 2017
COLD SPRING HARBOR, NY - Daniel Gale Sotheby’s International Realty, one of the nation’s leading realtors, has acquired Norma Reynolds Sotheby’s International Realty of Westhampton Beach, a mainstay of the Hamptons real estate market for more than 40 years. Daniel Gale Sotheby’s International Realty President and CEO Patricia J. Petersen made the announcement.
“We are elated to announce our acquisition of a legacy company in one of the top real estate markets in the world,” said Ms. Petersen. “This is an amazing opportunity that allows us to connect two highly relevant markets, and gives us a platform to expand west along the South Shore.”
“I’m calling this an ideal marriage," enthused Vicky Reynolds, President of Norma Reynolds Sotheby’s International Realty and daughter of founder Norma Reynolds. "There is without question no better brand for us to align ourselves with than Daniel Gale Sotheby's International Realty. Not only do we share the same business principles and operate in areas that perfectly complement each other; if we needed another reason, we share the same powerhouse Sotheby’s International Realty affiliation."
Norma Reynolds Sotheby’s International Realty was founded in 1977 and has been a Sotheby’s International Realty affiliate since 1999. The joining of the two organizations connects two highly synergistic organizations to better serve an important flow of consumers. This latest acquisition marks Daniel Gale Sotheby's 28th sales office, adding further strength to its market area from Queens to Shelter Island. The 15 agents of Norma Reynolds Sotheby’s International Realty will join Daniel Gale Sotheby’s and continue to work out of 100 Main Street, Westhampton Beach.
Founded in 1922, Daniel Gale Sotheby’s International Realty consistently leads the nation in achieving one of the highest average sales prices in the country. Daniel Gale Sotheby’s is a $3 billion dollar organization with 850 sales associates in 28 offices spanning Long Island and Queens. Services include a Relocation Division, an award-winning Marketing & Technology Department, a Development Marketing Group, Commercial and Rental Divisions; and Ambassador Abstract Title company. The Sotheby’s International Realty® affiliate for Long Island and Queens since 1976, Daniel Gale Sotheby’s has gained national and international recognition, including top honors worldwide. In addition to its place on the Regents Board of "Who's Who in Luxury Real Estate," Daniel Gale Sotheby's International Realty is on The Broker Council and Compass Group of Real Trends, The Asian Real Estate Association and The Realty Alliance (comprising some of the real estate industry's most influential companies with participation "by invitation only"). For more information, visit www.danielgale.com.