CORTLAND, N.Y. — Cortland–based Yaman Real Estate will merge with Cinquanti Real Estate of Homer in a deal that takes effect March 20.
The new company will operate under the name Yaman Real Estate, the Yaman firm announced in a news release. It didn’t release any terms of its merger agreement with the Cinquanti firm.
Combined, the two firms have more than 100 years of residential and commercial real-estate experience.
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Yaman Real Estate, which is headquartered at 185 Clinton Ave. in Cortland, has two divisions, including Yaman Real Estate and Yaman Commercial Industrial, the company said.
Jim Yaman, founder and principal broker of Yaman Real Estate and Yaman Commercial Industrial, cited a “long-standing relationship going back over 40 years,” as the primary factor in the decision of Yaman Real Estate and Cinquanti Real Estate to combine.
Yaman says he had developed a “close professional and personal friendship” with the late Bill Cinquanti through the years.
Elements of that relationship, including their work on the Cortland County Board of Realtors and other community initiatives, were “instrumental” in the firms’ decision to merge, according to the Yaman news release.
“It is as much cultural as it is business. We have always had the same business philosophy towards customer service, business integrity, and commitment to the community. It’s a seamless effort in many ways,” Yaman noted in the news release.
Steve Cinquanti (Bill Cinquanti’s son) will assume the role of associate broker and managing director for Yaman Commercial Industrial.
He’ll also work closely with Jim Yaman’s son, David, who recently merged the sales division of David Yaman Realty Services with Yaman Commercial Industrial.
The merger “will allow us to expand opportunities for staff and associates and provide greater resources and capabilities for all of our customers,” Steve Cinquanti said in the release.
The firms’ combined resources will also allow it to expand its marketing efforts “for commercial and industrial properties to better match buyers and sellers locally, regionally, and nationally,” David Yaman added.
The new firm will have 16 associate brokers and sales agents and serve the Central New York residential and commercial real estate market, according to the Yaman news release.
Contact Reinhardt at ereinhardt@cnybj.com
