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Brown Harris Stevens Acquires Christie’s International’s Real Estate’s New York City Brokerage
NEW YORK—Brown Harris Stevens has announced its acquisition of Christie’s International Real Estate’s New York City brokerage.
Brown Harris Stevens will welcome 20 of Christie’s New York City agents. The company said the deal will further expand the firm’s footprint in Manhattan and strengthen its impact in the local luxury market. No financial terms of the transaction were released.
“We are thrilled about taking on their New York City brokerage operation and exploring how we can work together in the future,” said BHS CEO Bess Freedman.
This expansion follows a period of growth for Brown Harris Stevens. In 2020, Brown Harris Stevens added Halstead Real Estate’s more than 1,600 gents to the firm. Last year, the brokerage reports it experienced a record-breaking year of business, with the New York City operations seeing the highest sales volume of any other year in its nearly 150-year history.
“I’ve always had an admiration for Brown Harris Stevens, and their brand is iconic in the city of New York,” said Thad Wong, Christie’s International Co-CEO in a report in The Real Deal.
RIS Media reported that Christie’s International Real Estate also announced that it is severing ties with two affiliates, terminating its agreement with Harry Norman Realtors of Atlanta, and electing not to renew its agreement with Virginia-based Long & Foster Real Estate. Both Harry Norman and Long & Foster are owned by HomeServices of America.