Coldwell Banker In the News...We ROCK

Published June 14. 2007 3:30AM

Sea Coast Realty opens new headquarters, offices
Big got bigger. Local real estate heavyweight Coldwell Banker Sea Coast Realty celebrated the grand opening of its new Wilmington headquarters and sales office Wednesday. The company occupies two floors and 26,000 square feet at 1001 Military Cutoff Road, across from Mayfaire Town Center.Sea Coast is the largest local real estate company with 275 agents in six offices from Topsail Island to Brunswick County, said Tim Milam, its president. It has nearly tripled its number of agents over the past five years.It's also a leader among the 1,300 companies operating globally under the Coldwell Banker umbrella, ranking in the top 10 for sales volume in 2006, according to Sea Coast marketing director Chip Pearsall.The event brought out Jim Gillespie, president of Coldwell Banker Real Estate Corp., the parent organization. He said Wilmington had exploded since he visited a decade ago.Gillespie said interest rates for mortgages were likely to rise, following an increase in yields on the benchmark 10-year Treasury note. Still, he said the rates were much lower than when he first started.Likewise, the national sales market has slowed from the recent boom, he said. But the numbers are strong compared with pre-boom levels, he said.Milam said he was optimistic about the area, saying May was Sea Coast's best month this year.- Sam Scott

Wow what a great night this was. We got to see the MAN and hear him speak to us all. What a great family of agents I belong to. Thank you to Kirk and Missy for attending this big night with me!