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Byline: Nancy Salem firstname.lastname@example.org / 823-3675
Albuquerque's largest residential real estate company, Coldwell Banker Legacy, is negotiating to acquire the city's third-largest agency, Prudential Preferred Properties, industry sources say.
The combined agency under the Coldwell Banker name would have about 550 agents and a market share of about 50 percent.
The city's second-largest agency in number of agents, The Vaughan Company, has 200 agents and a market share of 15 percent.
A Jan. 31 memo circulated to Prudential sales agents says a letter of intent has been drafted involving Coldwell Banker Legacy and Realco Inc.