|By PR Newswire||
|August 21, 2014 03:33 PM EDT||
PHOENIX, Aug. 21, 2014 /PRNewswire/ -- Realty Executives Phoenix announced today the company has been acquired by Kinetic Companies, a Phoenix based real estate investment firm. Operations will continue under the Realty Executives moniker, as the brand has been synonymous with integrity and professionalism for nearly 50 years.
A family business, Realty Executives was founded by Dale & June Rector and has been owned and operated by his son Rich Rector for several decades. Mr. Rector, with continued ownership in Realty Executives International, will focus efforts on the growth of the International brand, which currently has a presence in 24 countries around the world. Rector was deliberate in his choice to sell what has been referred to as the crown jewel Realty Executives franchise to an existing franchisee. Jeff Murtaugh has garnered national attention and recognition, most recently having been named 'Most Valuable Broker Owner' at the International Franchise Awards in 2013. Jeff Murtaugh is a 37-year veteran in commercial and residential real estate brokerage and is a partner with Phoenix based Kinetic Companies. Murtaugh has served as President of the Tucson operation for the past several years and grown the franchise from approximately 50 agents to well over 250 agents in just two short years. In his expanded role, he will serve as President and CEO of Realty Executives for Phoenix, Tucson and Yuma. Gerry Russell will continue as Designated Broker for the Phoenix offices and there are no changes to executive management or staffing as the expertise and proven track record demonstrated by the Realty Executives team will allow Realty Executives Phoenix to pursue additional growth in the Arizona market.
"As I concentrate on the growth of Realty Executives International, I am fully confident and look forward with excitement to witness Jeff and his team offer expanded opportunity and success to our agents…Whether it's sales generation or an innovative approach to day-to-day operations, he's proven himself as a true leader not only within the organization, but within our industry," said Rector.
Founded in 1965 by Dale Rector, Realty Executives Phoenix currently spans 12 branch offices throughout Maricopa County. Though many competitors have since followed suit, Realty Executives Phoenix was the first 100 percent commission company. This innovative approach made Realty Executives Phoenix a top brokerage in terms of per agent productivity since 1972. Realty Executives saw its share of challenges, as with most real estate brokerages during the global financial crisis. Rector is quick to point out the company's current successes and is proud of having navigated the challenges and sustained its reputation for tenured professional agents. Of 80,000 brokerages worldwide, Realty Executives Phoenix ranks among the leaders of the top 1% according Real Trends 2014 annual research report on dollar volume and transactions. In 2013, Realty Executives agents averaged in excess of $85,000 in commissions and closed an average of nearly 15 transactions each while the firm completed nearly $2.2 billion in transaction volume and over 8,200 transactions ("sides").
"Realty Executives is an agent-centric brand that aligns with our values and philosophy as a company," said Murtaugh. "The company's future is bright. We will continue to improve upon our brand and grow the Realty Executives family by developing the tools needed to increase career success."
Kinetic Companies, the parent company to Realty Executives Phoenix, has over 70 years of real estate brokerage experience between its partners. Co-Founder, Joel Moyes, who is also State Director for the International Council of Shopping Centers, a globally recognized real estate industry trade group, stated, "Our extensive background within the real estate space allows us to fully appreciate the agents needs. We understand that agent support is of paramount importance and we fully intend to continue building upon Realty Executive's solid foundation established by the Rector family."
About Realty Executives Phoenix
Realty Executives Phoenix is one of the largest real estate brokerages in the United States with 11 branch offices and dozens of satellite offices throughout the State of Arizona. Founded in 1965 by R. Dale Rector, Realty Executives revolutionized the real estate industry as the nation's first 100 percent commission company. Based on the spirit of entrepreneurism, the brokerage has thrived in the Phoenix metropolitan area and nationally as one of the most productive brokerages in the United States for the last 48 years. Since 1972, Realty Executives Phoenix has held the honor of being a top brokerage in the Phoenix metropolitan market for per agent productivity. For additional company information visit www.RealtyExecutivesPhoenix.com
About Realty Executives International, Inc.
Realty Executives International, Inc. is one of the fastest growing real estate franchises in the United States, with nearly 11,000 sales associates and approximately 700 franchises. The Phoenix-based, privately held company has offices in 24 countries: United States, Africa, Australia, Bahrain, Belize, Canada, Costa Rica, Dominican Republic, France, Greece, Honduras, Israel, Kuwait, Mexico, Panama, Poland, Romania, Nicaragua, Oman, Qatar, Saudi Arabia, Spain, Turkey and United Arab Emirates. Publications like Entrepreneur, Success and Inc. magazines have recently ranked Realty Executives International as a leader in the real estate industry based on franchise growth, management stability and financial soundness. For additional company information visit www.RealtyExecutives.com.
SOURCE Realty Executives Phoenix
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 07:00 PM EDT Reads: 1,409
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 23, 2016 07:00 PM EDT Reads: 799
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 06:30 PM EDT Reads: 1,329
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Jul. 23, 2016 06:15 PM EDT Reads: 758
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
Jul. 23, 2016 06:00 PM EDT Reads: 1,857
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Jul. 23, 2016 05:30 PM EDT Reads: 1,964
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 05:30 PM EDT Reads: 1,703
"We provide DevOps solutions. We also partner with some key players in the DevOps space and we use the technology that we partner with to engineer custom solutions for different organizations," stated Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 05:30 PM EDT Reads: 1,526
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
Jul. 23, 2016 05:15 PM EDT Reads: 645
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, discussed how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technologi...
Jul. 23, 2016 05:00 PM EDT Reads: 930
"Operations is sort of the maturation of cloud utilization and the move to the cloud," explained Steve Anderson, Product Manager for BMC’s Cloud Lifecycle Management, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 05:00 PM EDT Reads: 1,779
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
Jul. 23, 2016 04:45 PM EDT Reads: 893
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Jul. 23, 2016 04:30 PM EDT Reads: 668
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
Jul. 23, 2016 04:00 PM EDT Reads: 2,295
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...
Jul. 23, 2016 04:00 PM EDT Reads: 1,805