Coldwell Banker Residential Brokerage

 Announces Management Changes

DANBURY — Coldwell Banker Residential Brokerage in Connecticut and Westchester County, N.Y., has made several management changes recently in its Fairfield/Westchester region.

Nick Germak has been promoted to Executive Vice President, Connecticut/Westchester County. Nancy MacDonald, formerly the manager of the company’s Greenwich offices, returns to the senior management team as Senior Vice President of Coldwell Banker Residential Brokerage’s Region 1 (Southern Westchester and Southern Fairfield Counties).

Former Dobbs Ferry office manager Joe Valvano will fill Ms MacDonald’s former position as manager of the Greenwich offices. Frank D’Ostilio assumes a new role with the company as manager of the newly merged Newtown office, replacing Bob Tendler, who will return to an active role in listing and sales. Senior Vice President Brendan B. Grady, in addition to his current duties, will serve as Regional Vice President of the company’s offices in New Haven County.

“In an ever changing real estate environment, Coldwell Banker Residential Brokerage needs to continually evolve,” said Peggy Doepper, president and COO of Coldwell Banker Residential Brokerage. “These strategic changes to our management team will help position us for steady growth as we move into 2007.”

Nick Germak has been an integral part of the company’s senior management team for over six years. He has overseen the firm’s Westchester and Fairfield region, was active in strategic planning for the entire firm, and helped close over 26 acquisition opportunities throughout all regions.

Nancy MacDonald is a former Regional Vice President who returned to manage the company’s Greenwich offices in January 2005. Under Ms MacDonald’s leadership, the Greenwich office currently holds the number one market share in town in dollar volume and number of closed transactions. She has been a real estate professional since 1984. Her honors include the President’s Council for Managers award, reserved for the top 100 office managers nationwide, and the President’s Club for Managers, recognizing the top 10 percent of Connecticut managers.

A former high school English teacher, Ms MacDonald has been active in the Greenwich Association of Realtors (GAR) as a member of the Education Committee, where she conducted the ethics portion of the orientation program for new members. Her community activities have included Project KidCare, a child safety program and, in the past, working as a Literacy Volunteer.

Joe Valvano has overseen the company’s Dobbs Ferry location for the past seven years since the acquisition of his company, Ye Village Realty, in September 1999. As a result of his leadership, the office holds a strong number one market share position in the River Villages and is a Coldwell Banker Premier Office. Mr Valvano has upheld standards of excellence throughout his 20-plus year real estate career. He is a consistent member of the prestigious President’s Council for Managers.

Frank D’Ostilio has overseen Region 4 (New Haven County) as Regional Vice President since the acquisition of his firm, William Orange Realty, in 2005.

“The Newtown management opportunity presents an excellent opportunity for me to direct my skills to a new challenge,” said D’Ostilio. “The Newtown offices will officially merge during the week of September 21.”

Mr D’Ostilio joined Coldwell Banker Residential Brokerage in 2005. In 1989, he acquired the former Orange Agency, originally established in 1959, and renamed it William Orange Realty. Under his direction, William Orange Realty evolved into one of the area’s top-selling residential real estate firms. He served as a director of the Greater New Haven Association of Realtors for more than ten years and was its president in 2004.

Mr D’Ostilio is a holder of both CRB (Certified Real Estate Broker) and CRS (Certified Residential Specialist) designations. He brings with him more than 20 years experience in real estate.

Senior Vice President Brendan B. Grady will take on an expanded role, covering Mr D’Ostilio’s former responsibilities, serving as regional vice president of the company’s offices in New Haven County in addition to his other duties in Operations.     

Mr Grady is a 21-year veteran of the real estate brokerage industry and is a third-generation Realtor. He has served as Regional Vice President, Operations, of Coldwell Banker Residential Brokerage and DeWolfe (which was acquired by Coldwell Banker Residential Brokerage) since 1998. He also currently serves as a Director of the National Association of Realtors and the Connecticut Multiple Listing Service, Inc.

Additionally, Mr Grady is a past director of Consolidated Multiple Listing Service, Inc., Greater Hartford Association of Realtors, Inc., Realtors Multiple Listing and Information Service, Inc., and Housing Education Resource Board.

Bob Tendler is joining forces with his future son-in-law to become a Coldwell Banker Residential Brokerage sales team.

“Working with a family member is a once-in-a-lifetime opportunity that I couldn’t pass up,” said Mr Tendler.

A licensed Realtor since 1976, Mr Tendler has been a part of Coldwell Banker Residential Brokerage since his company, Bob Tendler Real Estate, was acquired in 2004. His office has consistently maintained the number one position in sales, listings sold, and sales volume for Newtown residential sales for over 20 years.

Mr Tendler is a two-time president of the Newtown Board of Realtors, having also been a director of the board for over 15 years. The Newtown Board of Realtors honored him twice as Realtor of the Year.

He is extremely active in community affairs, having sponsored youth athletic teams as well as donating time and funds to local organizations. A prominent fundraiser for both individuals and organizations in need, Mr Tendler has established a benchmark for community involvement: he has raised over $500,000 for numerous organizations including Newtown Youth Services, St Rose School, Adath Israel, The Family Counseling Center, and Montessori School, among others.

Coldwell Banker Residential Brokerage’s corporate offices for Connecticut/Westchester, N.Y., are at 51-53 Kenosia Avenue in Danbury. Coldwell Banker Residential Brokerage in Connecticut/Westchester maintains approximately 2,400 sales associates at over 55 offices across Connecticut and Westchester County.

The company is part of NRT Incorporated, the nation’s largest residential real estate brokerage company with more than 1,000 offices, 64,000 sales associates and 9,000 employees operating in 35 major metropolitan areas. NRT is a subsidiary of Realogy Corporation (NYSE:H) and operates Realogy’s company-owned real estate brokerage offices. In 2005, the NRT family of companies achieved an industry record with $230 billion in closed sales volume.