Prudential Preferred Properties and Rubloff announced the merger of Rubloff Residential Properties with Prudential Preferred Properties.
The combined company will operate as Prudential Rubloff Properties, an independently owned and operated firm with 17 offices and nearly 900 sales professionals and staff. Realtors at the Evanston Prudential office will relocate to the Evanston Rubloff office, located in Sherman Plaza – 1620 Sherman, Suite A.
Prudential Rubloff has a formidable presence in Chicago’s high-end markets of Cook and Lake counties, and in Michigan’s exclusive Harbor Country. The two firms closed more than $2 billion in real estate sales in 2008; both outpace any major brokerage in Cook and Lake counties for highest average list and sales price.
The merger bonds two of Chicago’s most respected firms whose distinguished roots trace back nearly 80 years. Principals Chris Eigel and Michael Pierson, longtime veterans of Chicagoland real estate, will lead the new company as chief executive officer and president/chairman. Rubloff principals Howard Weinstein and Tom Horwich complete the Prudential Rubloff leadership team and will continue with the firm focusing on future growth in the metropolitan market.
“Rubloff is a revered Chicagoland company – part of Chicago’s cultural fabric for philanthropy, civic development and distinguished real estate services,” said Pierson. “Of course, Prudential is recognized globally for strength, integrity and innovation since 1875.”
Weinstein, who with Horwich, acquired Rubloff Residential Properties in 1996, said the company’s strong, local ownership will respond quickly to Chicagoland market opportunities and challenges. “Both firms have similar business philosophies, market segments and corporate cultures, making the union an ideal fit,” he explained. “Rubloff’s nearly 80 year history of excellence continues, as the firm expands onto Chicago’s coveted North Shore to fulfill one of founder Arthur Rubloff’s dreams.”
Added Horwich: “Prudential Rubloff changes the landscape of Chicagoland real estate. “The company is now a powerhouse of agent and client services that establishes a new level of service throughout Chicagoland.”
As real estate technology leaders, the merging companies bring to the union a full array of online resources and proprietary lead-generation tools. Both companies are known for their technology and marketing innovation. Prudential Rubloff will use the award-winning Rubloff.com website, integrating technology and online tools from both organizations.
“Together the two firms will boast Chicagoland’s finest team of sales professionals and managers,” said Eigel. “When other real estate companies are cutting back, Prudential Rubloff is doubling efforts.”
Earl Lee, president of Prudential Real Estate and Relocation Services, added: “Two fine organizations join forces and instantly jump to the forefront of Chicagoland real estate,” he said. “We are ecstatic to broaden our brand in these key markets as Prudential Rubloff.”
Prudential Real Estate and Relocation Services, Inc. is Prudential’s integrated real estate brokerage franchise and relocation services business. Prudential Real Estate franchises are independently owned and operated. Companies are selected based upon outstanding performance records, high levels of customer service and shared business values with those of Prudential. Prudential Real Estate provides franchises with business strategies using Operation Reviews as well as numerous benefits, including access to Prudential Real Estate’s Online Seller AdvantageSM program designed to provide real-time information to sellers with the touch of a keystroke. Prudential Real Estate is one of the largest real estate brokerage franchise networks in North America, with approximately 1,940 franchise offices and 62,000 sales professionals in the franchise Network as of June 30, 2009.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $580 billion of assets under management as of June 30, 2009, has operations in the United States, Asia, Europe, and Latin America.
Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The Company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential’s businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit www.news.prudential.com.
Closed Properties
1713 Payne – Evanston – $19,900 (foreclosure)
737 Dobson #1S – Evanston – $71,000 (foreclosure)
2730 Central #3B – Evanston – $132,000
1716 Emerson – Evanston – $135,000 (foreclosure)
1929 A – Sherman #1E – Evanston – $146,500
1834 Ridge #123 – Evanston – $159,000
2539.5 Prairie – #2E – Evanston – $160,000
826 Judson #5 – Evanston – $207,500
515 Main #603 – Evanston – $218,000
1820 Greenwood – Evanston – $225,000 (foreclosure)
41 Pierce – Highland Park – $275,000 (foreclosure)
1905 Elmwood – Highland Park – $300,000
1628 Seward – Evanston – $305,000
401 Third #401 – Wilmette – $345,500
412 Lavergne – Wilmette – $370,000 (foreclosure)
370 Delta – Highland Park – $377,500
2926 Arlington – Highland Park – $409,000
401 Florence – Evanston – $410,000
2916 Twin Oaks – Highland Park – $425,000
171 Park – Lake Forest – $445,000
3026 Thayer – Evanston – $455,000
11 Lakeside – Highland Park – $457,500
1718 Elmwood – Highland Park – $525,000
861 Gloucester Crossing – Lake Forest – $600,000
1750 Wimbledon – Lake Forest – $660,000
1763 Hackberry – Lake Forest – $680,000
855 Larchmont – Lake Forest – $690,00
1264 Forest Glen North – Winnetka – $751,500
526 Greenwood – Evanston – $795,000
1725 Central – Wilmette – $800,000
264 Dennis – Glencoe – $915,000
605 6th – Wilmette – $950,000
264 Overlook – Lake Forest – $987,500
2035 Greenwood – Wilmette – $1,084,000
1151 Sir William – Lake Forest – $1,180,000
1615 Sunnyside – Highland Park – $1,400,000
505 Laurel – Wilmette – $1,555,000
1310 Maple – Wilmette – $1,575,000
123 Oxford – Kenilworth – $1,750,000
287 Laurel – Lake Forest – $1,800,000
2333 Iroquois – Wilmette- $2,225,000
1060 Meadow – Lake Forest – $2,750,000
Contract Pending (List Price=LP)
1500 Darrow #C – Evanston – $49,000 LP
1941 Grey – Evanston – $99,900 LP
2308 Emerson – Evanston – $102,000 LP
1523 Oakton – Evanston – $108,111 LP
1240 Park – #301 – Highland Park – $136,000 LP
1416 Hinman #7 – Evanston – $149,900 LP
713 Custer – Evanston – $150,000 LP
1449 Eastwood – Highland Park – $169,900 LP
214 South #C – Evanston – $269,900 LP
1905 Grant – Evanston – $285,000 LP
539.5 Ridge- Wilmette – $345,000 LP
940 Augusta #101 – Highland Park – $369,000 LP
185 Lakeside – Highland Park – $399,000 LP
1817 Grant – Evanston – $419,000 LP
1800 Amberley #207 – Lake Forest – $428,700 LP
519 Chicago #F – Evanston – $459,000 LP
2444 Asbury – Evanston – $489,900 LP
333 Wesley – Evanston – $499,500 LP
2219 Birchwood – Wilmette – $525,000 LP
1315 Washington – Evanston – $549,000 LP
2016 Birchwood – Wilmette – $589,000 LP
736 Park – Wilmette – $595,000 LP
1257 Scott – Winnetka- $659,000 LP
2040 Orrington – Evanston – $675,000 LP
1430 Oakwood – Highland Park – $809,000 LP
1014 Pontiac – Wilmette – $995,000 LP
185 Washington – Lake Forest – $999,000 LP
732 Sheridan – Evanston – $1,275,000 LP
300 Sunset – Winnetka – $1,295,000 LP
59 Lakewood – Highland Park – $1,575,000 LP
508 Sheridan – Highland Park – $1,800,000 LP
422 Cumnor – Kenilworth – $2,295,000 LP
501 Greenleaf – Glencoe – $2,850,000 LP
Based on information from Midwest Real Estate Data for the period Sept. 5, 2009 through Sept. 15, 2009. Listing and solds by various participants of MRED. For more real estate information, please call me at 847-512-2724 or email me at TPareti@rubloff.com
Filed under: News Tagged: | evanston closed properties, evanston properties under contract, Evanston property transfers, evanston real estate, prudential rubloff, rubloff prudential merger, tim pareti
