Coldwell Banker announces merger

Coldwell Banker Bain has merged with Coldwell Banker Reed Bros. Realty of Sisters. Owner Mike Mansker will continue with Coldwell Banker Bain of Sisters as a broker, mentor, and local

advisor.

Coldwell Banker Reed Bros. Realty has served the Central Oregon area since 1974, establishing the longest-serving real estate firm in Sisters. The merger expands Coldwell Banker Bain’s brand in Oregon to five total offices (the company has two offices in Portland, one in Lake Oswego, and one in Bend). This newest office serves clients in Sisters and the surrounding

communities.

“The merger is the absolute right strategic move for our clients and brokers, at the right time,” Mansker said. “I’ve really loved the challenge and many blessings of running a quality brokerage, but it’s time to pass the reins to an organization that can provide fresh energy and perspective, as well as a huge network of offices in top feeder markets like Portland, Lake Oswego, Seattle, and many

others.

“Our sellers will especially benefit from top notch global marketing and immediate exposure to over 1,300 Coldwell Banker Bain brokers who work in the markets most likely to produce strong buyers for their Sisters property. My real estate career is far from over. I am really looking forward to focusing on serving my best clients over the coming years and enjoying the bucket list concept while I am ‘young’!”

Brian Houston, with Coldwell Banker Bain for 10 years, most recently serving as principal managing broker for Coldwell Banker Bain of Portland West, has been named principal managing broker for both the Coldwell Banker Bain of Sisters office and the nearby Coldwell Banker Bain of Bend

office.

Houston has served on the local, state, and national boards for the Portland Metropolitan Association of Realtors (PMAR) and for nine years has served on the board of directors for the Regional Multiple Listing Service (RMLS), including one year as board chair. Prior to joining Coldwell Banker Bain, he worked as a vice president for Prudential NW Properties, where he oversaw 23 principal managing brokers.

“We couldn’t be more excited about merging with such a well-regarded brokerage that has been led so expertly by Mike,” said Mike Grady, Coldwell Banker Bain CEO. “We have found Central Oregon to be an amazing and active market since our acquisition of our Bend office (formerly Coldwell Banker Morris) nearly two years ago, and we’re thrilled to complement our services in Sisters.

The advantages of the area, offering buyers the opportunity to enjoy year-round activities including world-class skiing and downhill mountain biking at Hoodoo and Mt. Bachelor, numerous world-renowned golf courses, fly fishing in the Metolius, Deschutes, and Crooked Rivers, and numerous alpine lakes, and educational opportunities at the Oregon State University campus located on the west side of Bend, is arguably unsurpassed.”

He added, “While inventory levels remain a challenge and home prices have risen significantly over the past several years, Central Oregon remains a great value compared to the areas from which buyers are moving. We feel the economy will spur growth now and in years to

come.”