With our expansion to the Portland metro market, Oregon Coast and Willamette Valley wine country, Cascade Sotheby’s hit $1.3 billion in 2016—and we are on track to double that growth with the support of a talent like Michael.
Portland, Oregon (PRWEB) September 07, 2017
Cascade Sotheby’s International Realty has tapped Michael W. Kosmin as chief operations officer. Kosmin, who most recently was the managing director at Pronghorn Resort in Bend, brings elite experience driving profitable growth for myriad international resorts and real estate developments.
Kosmin has held leadership roles with Hyatt Residential Group, Lowe Enterprises, Marriott Vacation Club, and Centex Homes among others, and will be responsible for Cascade Sotheby’s next stage growth including market development, leveraged marketing opportunities for brokers— and clients—and overall day-to-day operations of the company’s presence throughout Oregon.
Additionally, Kosmin lived and worked in Asia for several years and since 2005 was responsible for Asian markets for the same aforementioned client list. Before moving to Bend three years ago, Kosmin lived in Indonesia where he was the managing director at Club Bali. With deep experience in Asian real estate markets, Kosmin is poised to develop Cascade Sotheby’s Asian Desk catering to clients looking at real estate in the Pacific Northwest. Cascade Sotheby’s leverages Sotheby’s international offices, presence and prestige in China to be of service to that market.
“With our expansion to the Portland metro market, Oregon Coast and Willamette Valley wine country, Cascade Sotheby’s hit $1.3 billion in 2016—and we are on track to double that growth with the support of a talent like Michael,” says Deb Tebbs, CEO and founder Cascade Sotheby’s International Realty. “Michael brings the rich experience in market development, recruitment and international operations that will lead our company into its next stage of advancement. We welcome his leadership which will help us even further leverage the Sotheby’s brand and support our brokers and clients like never before.”
Tebbs was the first on the West Coast to secure a Sotheby’s International Realty franchise to launch in Central Oregon in 2006. In 2015, she was awarded the franchise for Cascade Sotheby’s International Realty brokerages in Portland, Lake Oswego, SW Washington and the Oregon and SW Washington Coast. Portland is the last metro market in the nation for a Sotheby’s International Realty real estate presence. Tebbs has also now expanded her illustrative farm and ranch division to include Oregon vineyard listings.
“This is an incredible opportunity to work with Deb Tebbs who has grown this business, its structure and organization incredibly during this first phase—she is a recruiter bar none and brokers know she delivers on her vision for company success,” says Kosmin. “Now with a new vision for operations and market maturation we welcome a growing team of producers. If you are a broker looking to expand with an unparalleled growth opportunity, now’s the time to make the move. Having the Sotheby’s brand behind this real estate engine brings the stability and integrity we all look for.”
Cascade Sotheby’s International Realty, which surpassed $1 billion in closed sales in fourth quarter 2016, launched in Central Oregon in 2007 and recently opened brokerages in Portland Metro markets and Oregon Coast building on these statistics:
- 20% growth in market share in Portland metro and SW Washington from Q1 to Q2, 2017
- Tripled sales volume in Portland Metro market from 2015 to 2016
- Average price point for CSIR agents is 33% higher than other agents in Portland and SW Washington
- Double the market share from its closest competitor in Central Oregon in total sales volume in the region for 2016
- Grown from four offices in Central Oregon to 11 offices and 240 brokers throughout Oregon and SW Washington in just 12 months; signed 65 new brokers in the Portland/SW Washington markets in its first year
About Sotheby’s International Realty Affiliates LLC
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.
About Cascade Sotheby’s International Realty
Harnessing the worldwide recognition and prestige of the Sotheby’s name, Cascade Sotheby’s International Realty expertly represents the most distinctive properties at every price range. The firm's 11 strategic locations throughout Oregon and southern Washington form the most expansive luxury real estate network in the Pacific Northwest. Cascade Sotheby’s International Realty brokers are masters of their craft, combining local expertise and global connections to artfully unite extraordinary places with extraordinary lives. The firm achieved a billion dollars in sales in the first 11 months of 2016, joining only 25 Sotheby’s International Realty affiliates in the world with this distinction. Exceptional service, continual innovation, and unrivaled market knowledge continue to set Cascade Sotheby’s International Realty apart as an industry leader.
Contact: Claudia Johnson, Public Relations, 503-799-2220