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Coldwell Banker Success Family of Companies Changes Name

December 07 , 2004 by Editor

Bob McCord CEO of the operating company for the Coldwell Banker Success Family of Companies announced today that CMLB, Ltd., the Arizona corporation under which ten regional brokerages and ancillary services operate, has changed its name to Success Financial Network. The business names and functions of the operating company�s divisions will be unchanged.

"I want our growing family of real estate brokerages and associated service companies to operate under a parent corporation whose name more closely reflects our operations," explained McCord.

McCord purchased the Coldwell Banker Success Realty brokerage from Coldwell Banker Real Estate Corporation in 1992. At that time, the company had 450 real estate agents, $450 million in sales and eight Arizona offices. Today, there are 13 separate subsidiaries within the Success Financial Network, with 50 office locations in Arizona and New Mexico and more than $5 billion in annual sales. The Network is the number-one independently owned and operated affiliate of the Coldwell Banker Real Estate Corporation worldwide.

The Success Financial Network�s subsidiaries include 18 branch offices of Coldwell Banker Success Realty, five branch offices of Coldwell Banker Pinnacle Peak Realty, Coldwell Banker Grayhawk Realty, Hispanic-focused Coldwell Banker Exito Realty, Coldwell Banker Commercial Metro, Coldwell Banker Developers Marketing Services, Arizona Insights/Coldwell Banker Success Relocation, Preferred Lending Group and Equity Title in the metro-Phoenix area, seven branch offices of Coldwell Banker Success Southwest and Catalina Title in the Tucson and Green Valley area, seven offices of Coldwell Banker McCulloch Judd Realty in Lake Havasu, Kingman, Parker and Prescott, Ariz., and five offices of French & French Sotheby�s International Realty in Santa Fe, New Mexico. Collectively, the more than 2,300 real estate professionals of the 53-year-old organization sell an average of one southwest home every 25 minutes, every day of the year. The Success Financial Network was recently awarded the prestigious Chairman�s Circle distinction by Coldwell Banker Real Estate Corporation for the twelfth consecutive year.

The Success Financial Network offers comprehensive "one-stop shopping" for clients through affiliations with Equity Title escrow services, Preferred Lending Group, Catalina Title, the Coldwell Banker Concierge� program and Coldwell Banker Relocation services. The company also offers commercial real estate services through Coldwell Banker Commercial Metro and Coldwell Banker McCulloch Judd Realty. The Success Financial Network features a new homes division, Coldwell Banker Developers Marketing Services, and markets exclusive luxury properties through the Coldwell Banker Previews� Program.

The Success Financial Network, one of the top 20 brokers in the United States, hosts a website at www.cbsuccess.com