Realogy opens in Dubai

Brave souls. They’re early, late or just in time. I’d say late, but maybe not.

2 Comments

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2 responses to “Realogy opens in Dubai

  1. Realtor1

    Guess this must be terribly frustrating news for you Chris, since you have been announcing their demise for months now. All the while Coldwell Banker has been expanding, purchasing Preferred Properties and therefor opening a Darien office, buying three William Pitt/Sotheby’s offices, and that is just in this area. As you can see from the Dubai office, Apollo is 100% behind the Realogy brand. And contrary to your reports, they are shored up to weather this current market, this recession and Surprise!, even your catty comments.

    • christopherfountain

      I’ve been reporting on what others: the NYT, WSJ and Bloomberg have been saying, and Wall Street has traded Realogy junk bonds at bankruptcy levels for a year or longer. If they were all wrong that’s great news – I have friends who work at both Sotheby’s and Coldwell Banker (not that I think they would be hurt by a Realogy bankruptcy – someone else would grab those valuable assets and continue). But time will tell. Losing $2 billion last year is certainly not a sign of strength.