Howard Hanna Real Estate Services has acquired Elegran Real Estate, marking its entry into the New York City market and enhancing its service capabilities.

Information on the Target

Howard Hanna Real Estate Services, the largest privately held and family-operated real estate brokerage in the U.S., has made a significant move by acquiring Elegran Real Estate, a leading firm based in Manhattan. This acquisition allows Howard Hanna to establish its presence in New York City, marking a pivotal expansion of its operations, which have seen substantial growth across the East Coast. With this acquisition, the company integrates Elegran's innovative spirit and client-centered culture, ensuring a seamless transition for both agents and clients in the competitive New York market.

The partnership with Elegran underscores Howard Hanna’s commitment to delivering a comprehensive real estate service. Elegran has cultivated a reputation for its sophisticated approach to real estate, emphasizing agent empowerment and superior client service. This shared ethos positions the new affiliation to enhance service delivery in Manhattan.

Industry Overview in the Target’s Specific Country

The real estate sector in New York City is one of the most dynamic and competitive in the nation, characterized by high demand and a diverse range of property offerings. The market is marked by rapidly escalating property values, fueled by an influx of buyers and