NRT LLC, a national residential real estate brokerage company, acquired 17 Frank Howard Allen Realtors company-owned operations in Napa, Marin and Sonoma counties.
Frank Howard Allen Realtors, based in Novato, had $1.85 billion in closed sales volume in 2012. Financial terms of the transaction were not disclosed.
Thirteen of the newly acquired offices will now do business as Coldwell Banker Residential Brokerage. The other four, two in Sonoma, will operate as Sotheby’s International Realty.
Napa’s only Frank Howard Allen agent is Cheri Stanley, who said her office would become affiliated with Sotheby’s International Realty.
Frank Howard Allen Realtors has 300 sales associates and was founded in 1910.
NRT LLC owns and operates 710 offices across the United States and has 41,200 sales associates in 35 major metropolitan areas.