This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ERA Real Estate Announces The Affiliation Of Shorewood Realtors In Los Angeles County













MADISON, N.J., March 10, 2014 /PRNewswire/ -- ERA Real Estate, a global franchising leader, today announced that LBH National Corp., owned by Roger Herman, has acquired Shorewood Realtors, a market leader in Los Angeles County's South Bay region. The firm will continue to serve Manhattan Beach, Hermosa Beach Palos Verdes, El Segundo and Redondo Beach. Herman is also the owner of ERA Herman Group Real Estate, which operates in Boulder, Colorado Springs and Denver, Colo.; Miami, Fort Lauderdale and Palm Beach, Fla.; and Las Vegas.

With nine offices and 250 agents, Shorewood Realtors accounted for $1.7 billion in sales volume in 2013. The company was ranked among the top 100 companies nationwide in the 2013 REAL Trends 500 report, which was based on 2012 sales data.   

"The affiliation of Shorewood Realtors as an ERA Powered company significantly expands ERA Real Estate's presence in the Los Angeles market and the prestigious South Bay region," said Charlie Young, president and CEO of ERA Real Estate. " Roger Herman's commitment to growth aligns perfectly with our brand's vision for the future as we provide strong corporate support for brokers to build their business through unique business solutions such as the ERA Powered ® program, which provides prominent regional firms that have leading market share with access to the resources of a global brand while retaining their strong local identity."

"As an ERA Powered ® company, we will continue to leverage our own strong local name recognition and brand cachet while tapping into the tools, technology and expanded broker community of the global ERA brand to drive growth and expansion," said Herman, who will serve as CEO while Shorewood founder Arnold Goldstein has been named chairman emeritus. "Understanding that real estate is local, ERA Real Estate's unique broker-first approach allows brokers the flexibility and support to build their business in a way best suited for their individual market."

This acquisition is the largest ever for an ERA Real Estate affiliated broker and was facilitated by the ERA Real Estate franchise sales team, which identified the transaction as an opportunity that would benefit both firms. With the addition of the South Bay firm, Herman has tripled the size of his real estate brokerage-related operations, which include presence in Colorado, Florida and Las Vegas.

Herman's proven ability to expertly manage brokerage operations in multiple markets has helped fuel growth for ERA Real Estate  and its affiliated broker community by building strong relocation corridors and creating a robust pipeline of referrals.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,493.37 -69.93 -0.42%
S&P 500 1,925.15 -5.52 -0.29%
NASDAQ 4,352.6390 -17.1340 -0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs