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Lewes, Delaware
Jim's Towing Service
March 6, 1998     Cape Gazette
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March 6, 1998
 

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56 - CAPE GAZETTE, Friday, March 6 - March 12, 1998 (Oo,cPcr,FpipRea! tO r tSheJM?00,l00n,00SegNnRTec!rnC "e' 0 Realtors announced last week that dition to more than 450 other of- Beach office on Rt. 1 adjacent to CIVIL, CRIMINAL LAW & ZONING it has been acquired by Parsippa- ny, N.J.-based NRT Incorporated, the leading owner of residential real estate offices in the United States. Through NRT ownership, OPF will join forces with the ERA franchise system. O'Conor, Piper & Flynn's 51 offices and moer than 1,800 sales associates posted a 1997 gross transaction volume of $2.8 billion. The brokerage, which will now do business as "O'Conor, Piper & Flynn-ERA," immediately be- comes the largest brokerage with- in ERA's 2,600 office internation- al franchise system. NRT has ac- quired numerous prominent re- gional brokerages over the past year, including Burnet Realty in Minneapolis and Chicago, Burgdorff Realtors in New Jersey, Jon Douglas Company and Con- tempo Realty in California and West Shell Realtors in Cincinnati. "The company has always been committed to serving our local marketplace," said James P. O'Conor, who has been named president and chief operating offi- cer of O'Conor, Piper & Flynn- ERA. ''The strategic alliance that we have forged with ERA and. NRT further strengthens the com- mitment we have made to our clients. Not only will our agents continue to offer local expertise, they now have a national network to deliver new tools and buyers to our region." The announcement marks NRT's entry into the Maryland- area market, where it will immedi- ately enjoy OPF's No. 1 market share position in the Baltimore metropolitan .market and leading presence in Delaware, Pennsylva- nia and West Virginia. Together with Burgdorff-ERA operations in New Jersey, NRT now owns and operates 81 ERA offices through- rices throughout the country. The company's executive and corpo- rate staff, sales associates and of- rices throughout the region will remain intact. "O'Conor, Piper & Flynn is not only a regional leader, but one of the most highly respected broker- ages in the country," said Robert M. Becker, president and chief ex- ecutive officer of NRT Incorpo- rated. "We are thrilled to bring this outstanding organization into our family of leading brokerages and are confident that this change will only raise the level of service which the company's associates and Clients have come to expect," he added. Founded in 1984 by James P. O'Conor, James Piper III, Ramsey W.J. Flynn and John G. Evans, OPF specializes in residential, commercial/industrial and invest- ment real estate; shore rentals and sales; and title, insurance and mortgage services. The compa- ny's 51 offices serve Maryland, Delaware, Pennsylvania and West Virginia, with a concentration in the Greater Baltimore area. The four founders, who were recently honored as 1997 Businessmen of the Year by Baltimore County Chamber of Commerce, will all remain in executive positions within the company. "This announcement is great news for both the associates and clients of OPF, and for the entire ERA company," said Peter Burgdorff, president and chief op- erating officer of ERA Franchise Systems. "We can offer OPF pow- erful national advertising and technology - and an international network of affiliated offices - while all of ERA will benefit from the addition of such a highly re- garded company." William H. Vernon, broker of Harbor Healthcare names employee of year Harbor Healtheare Administrator Christine Evans, right,, is seen above with the Employee of the Year for 1997, Linda Compton, housekeeping assistant. Compton, who has beem a Harbor employee for eight years, lives in Lewes with her has- band, Willie. Runners up were Darlene Lapham, LPN, and Bridget Kucharik, medical records cJerk. Throughout the year, Harbor Healthcare Center in Lewes recognized the many contributions made by their employees by providing them with a number of special recognition and incentive programs. The highest honor is being employee of the year, which is based on individual job performance, loyal- ty, willingness to be a team player and a number of objective criteria, such as attendance and punctuality. Food Lion shopping center, said of the new venture, "I think this is going to be a positive move. We were surprised, of course, but the owners are getting older and we knew they would be thinking of selling somewhere down the road." It boiled down to being offered a good price and arrangement in a timely manner, even though the old owners weren't aggressively working to sell the business. Vernon stressed that the former owners will remain on board "and this management structure gives me a good sense of confidence, as they are very astute business peo- ple." He is also Very enthusiastic about the relationship with ERA. "Normally, in a merger situation, the agents must pay the franchise fees, but ERA is abosrbing those fees. Also, while ERA isn't big in this region, it's the biggest inter- national franchise, so I believe our referrals will increase." ERA also is a believer in exten- sive training for its agents and managers, which is another plus, according to Vernon. While the firm will continue to be called O'Conor, Piper & Flynn, ERA will be added to a logo which will be revamped. 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