“We Believe in Hot Springs!” was the theme of today’s announcement by Rector Phillips Morse, Inc. (RPM), that it has completed a merger with the Hot Springs commercial real estate operations of PDC Companies, Inc. The sentiment clearly expressed a commitment to the growth and progress of the area through commercial real estate development and sales.
The merger of the two firms has formed Coldwell Banker Commercial RPM, which brings to Hot Springs and the surrounding Diamond Lakes Region a collaborative network of independently owned and operated affiliates focusing on commercial real estate. RPM and PDC now become part of the Coldwell Banker Commercial organization, comprising over 220 companies and more than 3,400 professionals throughout the U.S., as well as internationally. In fact, Coldwell Banker Commercial has the largest geographic footprint in today’s commercial real estate marketplace.
Speaking at a luncheon organized to announce the merger and bring the two staffs together, RPM’s president, Pete Hornibrook, said, “Our company was formed in 1955, and we have participated in the growth ofHot Springs
RPM’s residential sales office in Hot Springs now numbers 19 agents. With six commercial agents, the residential and commercial sales offices will have a combined sales and brokerage staff of 25, to be located in the former PDC offices at401 Section Line Road .
“Residential sales has been our focus for over 50 years,” said Robin Miller, president of Coldwell Banker RPM, the residential arm of the company. “We have grown that presence in Hot Springs, and now complement it with commercial brokerage, rounding out our full-service approach to all types of real estate transactions.” RPM has seven offices in central Arkansas, including mid-town Little Rock, west Little Rock, North Little Rock, Maumelle, Cabot, Saline County, and Hot Springs.
PDC Companies, operating as Phillips Development Corporation, entered the Hot Springs market in 2001 with the purchase of Selig Commercial Real Estate. The company changed its name to PDC in 2008. In addition to commercial real estate, PDC operates a multi-family division, which owns and operates 63 apartment properties in Arkansas, Kentucky and Missouri.
“We are thrilled to now be associated with RPM and Coldwell Banker Commercial,” said Elizabeth Small, president and CEO of PDC Companies. “The combined strength of the new Coldwell Banker Commercial RPM will bring an even greater partnership to the business community of Hot Springs. We believe in Hot Springs!”
Hornibrook confirmed that continuing the effective stewardship of current clients’ assets is the number one goal of the new company. Listing commercial properties for sale, locating investment properties for clients, and developing new commercial projects will bring to Hot Springs more opportunities to be viewed as a dynamic commercial center in southwest Arkansas. The merger of the two companies is scheduled to close on October 6, 2010.
The merger of the two firms has formed Coldwell Banker Commercial RPM, which brings to Hot Springs and the surrounding Diamond Lakes Region a collaborative network of independently owned and operated affiliates focusing on commercial real estate. RPM and PDC now become part of the Coldwell Banker Commercial organization, comprising over 220 companies and more than 3,400 professionals throughout the U.S., as well as internationally. In fact, Coldwell Banker Commercial has the largest geographic footprint in today’s commercial real estate marketplace.
Speaking at a luncheon organized to announce the merger and bring the two staffs together, RPM’s president, Pete Hornibrook, said, “Our company was formed in 1955, and we have participated in the growth of
RPM’s residential sales office in Hot Springs now numbers 19 agents. With six commercial agents, the residential and commercial sales offices will have a combined sales and brokerage staff of 25, to be located in the former PDC offices at
“Residential sales has been our focus for over 50 years,” said Robin Miller, president of Coldwell Banker RPM, the residential arm of the company. “We have grown that presence in Hot Springs, and now complement it with commercial brokerage, rounding out our full-service approach to all types of real estate transactions.” RPM has seven offices in central Arkansas, including mid-town Little Rock, west Little Rock, North Little Rock, Maumelle, Cabot, Saline County, and Hot Springs.
PDC Companies, operating as Phillips Development Corporation, entered the Hot Springs market in 2001 with the purchase of Selig Commercial Real Estate. The company changed its name to PDC in 2008. In addition to commercial real estate, PDC operates a multi-family division, which owns and operates 63 apartment properties in Arkansas, Kentucky and Missouri.
“We are thrilled to now be associated with RPM and Coldwell Banker Commercial,” said Elizabeth Small, president and CEO of PDC Companies. “The combined strength of the new Coldwell Banker Commercial RPM will bring an even greater partnership to the business community of Hot Springs. We believe in Hot Springs!”
Hornibrook confirmed that continuing the effective stewardship of current clients’ assets is the number one goal of the new company. Listing commercial properties for sale, locating investment properties for clients, and developing new commercial projects will bring to Hot Springs more opportunities to be viewed as a dynamic commercial center in southwest Arkansas. The merger of the two companies is scheduled to close on October 6, 2010.
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