Realtor | Corey Dwan

Sotheby’s International Realty® Network Continues Growth in Mid-Atlantic Region

PARSIPPANY, N.J. (June 27, 2007) – To further its strategic growth in the eastern United States’ key luxury markets, Sotheby’s International Realty Affiliates, Inc. today announced that two leading real estate firms have joined its network.

The two firms are Soleil Sotheby’s International Realty in Margate, N.J., and Piedmont Sotheby’s International Realty in Washington, Va.

“These two firms share a passion for excellence and provide an unmatched level of local knowledge and service to their loyal clients,” said Michael R. Good, president and chief executive officer, Sotheby’s International Realty Affiliates, Inc. “The New Jersey shore and northern Virginia regions represent key markets for us, and adding these two outstanding firms is another important step in our overall growth objectives.”

Soleil Sotheby’s International Realty formerly was Blumberg Associates Real Estate and is owned by Donald Jay Gluck and Tamy Gluck. “We are honored to be associated with an industry leader like the Sotheby’s International Realty network and believe this new affiliation will enable us to provide our loyal clients with an even greater degree of service and resources,” said Donald Jay Gluck.

Piedmont Sotheby’s International Realty formerly was Piedmont Property Inc. and is owned by Jay Miller. “I believe this affiliation immediately will afford our clients greater global market exposure,” he said. “I am excited to be taking this important and strategic step.”

The Sotheby’s International Realty network has more than 7,500 sales associates located in more than 400 offices in the U.S. and 26 other countries and territories. All listings from Soleil Sotheby’s International Realty and Piedmont Sotheby’s International Realty will be marketed on the sothebysrealty.com global Web site. In addition to the referral opportunities and great exposure generated from these sources, the two firms will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.

More than 20 dedicated Soleil Sotheby’s International Realty sales associates provide service and expertise to the Margate, Ventnor, Atlantic City, Longport and Northfield communities. The main office of Soleil Sotheby’s International Realty is located at 9202 Ventnor Avenue in Margate, N.J. The phone number there is (609) 487-8000. A second office is located at 8009 Atlantic Avenue in Margate, and a representative can be reached at (609) 487-8888.

Piedmont Sotheby’s International Realty has served clients in the Rappahannock Fauquier, Madison, Orange and Loudoun counties of Virginia for nearly two decades. Its main office is located at 12693 Lee Highway in Washington, Va. A representative can be reached at (540) 675-1675.

About Sotheby’s International Realty Affiliates, Inc.
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. In February 2004, Realogy Corporation (then Cendant Corporation), the world’s leading real estate brokerage franchisor, entered into a long-term strategic alliance with Sotheby’s Holdings, Inc. (NYSE: BID; LSE: STBA). The agreement provided for the licensing of the Sotheby’s International Realty® name and the development of a full franchise system by Sotheby’s International Realty Affiliates, Inc., a subsidiary of Realogy Corporation (NYSE: H), the world’s largest real estate franchisor. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates, Inc. 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. For more information, visit www.sothebysrealty.com.