Except, I’m not a journalist.
Anyway, a couple weeks ago, I was in the office (ie., Starbucks) when in walked real estate agency mogul Jason B Weissman, head of Boston Realty Advisors, located in the Back Bay.
He was talking with a man who looked very important. I listened in on as much of the conversation as I could, but there’s only so much time you can spend putting milk in your coffee. The two were talking about health insurance. I figured he was just an insurance salesman. I should have asked.
Turns out, he was probably a big-wig from New York City.
Which is my very long way of saying that Jason’s company has sold half its ownership stake to Lincoln Real Estate Capital LLC, a Boston based real estate investment firm.
According to the company’s press release, “Lincoln Real Estate Capital is a partnership between Paul M. Bernon, whose family founded dairy giant Garelick Farms, and Michael S. Lorber, whose family controls Prudential Douglas Elliman, New York City’s largest residential real estate brokerage as well as Nathan’s Famous Hot Dogs.”
Yes, BRA will become affiliated with a company that sells ho … wait, what??? “(W)hose family controls Prudential Douglas Elliman”???
Hmmm. Interesting. Coming on the heels of Keller Williams Realty’s entry into the Boston market, and Coldwell Banker’s merging of its two South End offices (and sale of its Back Bay office), it looks as though a consolidation of agencies has begun.
Meanwhile, I play Sudoku.
Anyway, congratulations to Jason and his staff.
Boston Realty Advisors press release
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December 2017 1st Quarter 2018