"This is more than an acquisition it's a statement of intent, Howard Hoby Hanna, the CEO of Howard Hanna Real Estate Services, said in a statement. For nearly seven decades, our company has grown through relationships, service, and innovation. Expanding into Manhattan reflects our vision for connecting people and places in meaningful ways, helping agents thrive and clients achieve a best-in-class real estate experience. We're proud to bring Howard Hanna to New York City and excited for the opportunities ahead."
"I founded Elegran with a simple goal: to create a brokerage that truly puts its agents first, Michael Rossi, the CEO of Elegran, said in a statement. As the industry evolved, I recognized the value in joining a larger, more influential community. Howard Hanna was the obvious choice. This partnership gives our agents the scale, technology, and marketing power to grow their business while maintaining the personal, client-first culture that has defined our success in the city."
"For the first time, consumers can work with a single brokerage that connects the entire Tri-State area, Matt Rand, the president of Howard Hanna New York, New Jersey, and Connecticut, said in a statement. From New York City through Long Island, Westchester, Connecticut, the Hudson Valley, and Northern New Jersey, we offer a truly unified network that meets clients wherever life takes them."
Howard Hanna acquired Elegran, with financial terms undisclosed. The acquisition expands Howard Hanna into Manhattan and brings Elegran into a network of over 15,000 agents and staff. Howard Hanna has operated in New York State for ten years and grew to the largest brokerage in the state by agent count and homes sold. The company closed just shy of 103,000 transactions in 2024, totaling nearly $27 billion in sales volume. Elegran agents gain access to scale, technology, and marketing while keeping a client-first culture. Howard Hanna remains focused on national expansion and continued acquisitions and partnerships.
Read at www.housingwire.com
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