Fox & Roach acquires big competitor
Article Abstract:
Fox and Roach Realtors has acquired Prudential Preferred Properties, creating the area's largest independent real estate brokerage in sales volume. The new company is called Prudential Fox and Roach Realtors. The combined 1998 revenue of the two firms was almost $10 billion, that includes $6.7 billion in residential sales volume based on 33,800 transactions, and almost $3 billion in revenue from the companies mortgage, title and homeowner's insurance divisions. Fox and Roach has 40 offices in the region, and Prudential has 36. Some duplicate offices will be closed, but not in Center City, where there are four, three Prudential and one Fox and Roach.
Comment:
Fox and Roach Realtors has acquired Prudential Preferred Properties, creating the area's largest independent real estate brokerage in sales volume.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
AMR acquires TWA's assets
Article Abstract:
St. Louis, Missouri-based Trans World Airlines Inc., which has declared bankruptcy, has sold its assets to American Airlines Inc. Ft. Worth, Texas-based AMR Corp., which is the parent company of American Airlines, will operate TWA as an independent carrier.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
US Airways reports a $30 million loss
Article Abstract:
US Airways Group Inc. announced yesterday that it lost $30 million in the third quarter. This is more than it expected, amid tough competition and fuel costs 75% higher than a year earlier.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Mergers backfire on big banks. Summit is offered $7 billion by Fleet. MBNA expands its card business
- Abstracts: Mastech purchases competitor. Fore stock sinks 22%; acquisition is blamed. Court denies Allegheny Energy suit
- Abstracts: Marathon to acquire oil concern in Canada. Offer for J&L may fall short. J&L board again changes course on merger offer
- Abstracts: Under more pressure, directors get big raise. State probes Upland Mortgage's origination fees. Refinery incidents lead to charges
- Abstracts: Fed orders USABancShares to cut debt, restore profitability. Jefferson disappearing from local scene