Spring Maintains Quiet Tack in Hamptons

Hamptons.com

10000000587
May 11, 2011

Southampton - Nest Seekers International, one of the largest real estate firms in New York City, announced it has acquired the Hamptons branch of global real estate firm Engel & Volkers with offices at 20 Main Street in Southampton and 26 Montauk Highway in East Hampton.

Approximately 20 agents from Engel & Volkers and a few other firms have joined Nest Seekers International. Nest Seekers is also in the process of hiring approximately 30 additional agents for the Southampton and East Hampton offices, the company announced.

"The transaction was seamless and completed within a matter of days, and the integration of our operations and staff has already begun," stated Ravi Gulivindala, Vice President, Managing Director at Nest Seekers International.

Amadeus Ehrhardt, manager of the former Engel & Volkers Southampton office, has been named Managing Director of the new Nest Seekers office in Southampton. Barbara Feldman, previously of Engel & Volkers, has been appointed Managing Director of the East Hampton office.

"We have been interested in expanding our Hamptons operations for some time. With the improving conditions in the market, we saw this acquisition as an ideal way to grow our business in the area," Gulivindala stated. "Nest Seekers is continuing to look at additional opportunities in the Hamptons, as we believe circumstances are conducive to further growth at this time."

The new Nest Seekers offices at 20 Main Street and 26 Montauk Highway will focus primarily on sales and rentals in and around Southampton and East Hampton. The existing Nest Seekers location at 2415 Montauk Highway will continue to cover Bridgehampton and the surrounding areas. Nest Seekers also has offices in Manhattan on the East side, Midtown and Downtown as well as Long Island City and Miami.

"We are thrilled to become part of the Nest Seekers team and utilize the company's many resources including its Internet savvy, global sales network, cutting edge technology, and comprehensive advertising, marketing and public relations programs," Ehrhardt stated.

"Nest Seekers International is an energetic, forward-thinking real estate firm that will bring a new vitality to the Hamptons real estate market," Feldman added. "We are especially excited by the firm's commitment to launch a major new advertising and marketing campaign in the near future their involvement with television real estate reality shows and a number of very interesting new ideas."