Dickson Realty transfers Tahoe office assets to The Select Group
March 11, 2009
The Lake Tahoe offices of Dickson Realty will merge with The Select Group, according to a joint announcement today by Nancy Fennell, President/CEO of Dickson Realty and Daniel Jacuzzi, President/CEO of the Select Group.
Dickson Realty is retaining its Reno/Sparks and Truckee office locations.
The South Lake Tahoe, Zephyr Cove, Tahoe Keys, Incline Village and Kings Beach offices of Dickson are involved in the transaction and will become Coldwell Banker offices effective March 11, 2009.
“Our country is in a severe economic contraction and most businesses are contracting accordingly. We at Dickson Realty are no exception,” said Nancy Fennell, CEO of Dickson. “The Lake Tahoe residential market sales activity is off by 50 percent since 2005, and we had to take a hard look at whether Dickson could maintain the level of presence and devotion in this environment that we desire for the markets we serve. It was a difficult decision, but we have chosen to refocus our efforts in our Reno, Sparks and Truckee core markets.”
“The new owner is someone with a strong position in the lake area market, and has resources available to the offices and the outstanding agents in them,” continued Fennell. “The Lake Tahoe residential market is really much more California driven than Reno driven. The Select Group has its roots in the California market, which will be great for the agents in the offices involved in the transaction.”
Jacuzzi recently completed a merger of several of the most established real estate brokerages in the Reno and Lake Tahoe areas including: Coldwell Banker Village Realty, Coldwell Banker Incline Village, Century 21, Mountain Properties, century 21 Tahoe Pines and Century 21 Goldcrest Properties.
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“The Lake Tahoe and Northern Nevada region are very attractive markets for Select clients throughout Northern California” said Jacuzzi. “We are excited about the combining of these outstanding offices that both embody our focus on exceptional client-centric service. In addition, by linking together our Nevada team with our California feeder markets we will be able to create exposure for our buyers and sellers that simply cannot be matched by any other company.”
Daniel Jacuzzi, owner of the Select Group began his real estate career as a salesperson in 1976. In 1980, Daniel acquired a 9 person Century 21 office in Yuba City, Ca that has evolved into The Select Group.
Today the Select Group is a regional, vertically integrated real estate company now operating 20 offices with over 700 Sales Associates in the Reno, Sparks, Fernley and the Lake Tahoe areas of Nevada and the Sacramento Region, Chico, Paradise, the Sierra Foothills and Truckee in California. The Select Group consists of Coldwell Banker Select Real Estate, Coldwell Banker Incline Village Realty, Century 21 Select Real Estate, century 21 Auburn Realty, Century 21 Jeffries Lydon, ERA Realty Center and ERA Cornerstone Realty. To provide comprehensive real estate services to its clients, The Select Group additionally operates Stanford Mortgage, Select Property Management, The Select Business Development Center, Select School of Real Estate and the Select Client Club.
Dickson Realty has offices in Caughlin Ranch, Sparks, Somersett, Damonte Ranch and Montreux in Reno/Sparks, Nev., and Truckee, Calif. Dickson Realty is the market leader and has been in business since 1973 and sells 60 percent of the luxury properties in the Reno/Sparks area and is the leading luxury sales company in the region. For more information, visit http://www.dicksonrealty.com.