{"id":11721,"date":"2018-09-26T20:02:00","date_gmt":"2018-09-27T00:02:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/sothebys-international-realty-brand-expands-into-shanghai\/"},"modified":"2018-09-26T20:02:00","modified_gmt":"2018-09-27T00:02:00","slug":"sothebys-international-realty-brand-expands-into-shanghai","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/sothebys-international-realty-brand-expands-into-shanghai\/","title":{"rendered":"Sotheby&#8217;s International Realty Brand Expands into Shanghai"},"content":{"rendered":"<style type=\"text\/css\">\n<p>\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}<\/p>\n<\/style>\n<p><span class=\"xn-location\">MADISON, N.J.<\/span>, <span class=\"xn-chron\">Sept. 26, 2018<\/span> \/PRNewswire\/ &#8212;&nbsp;<a target=\"_blank\" href=\"http:\/\/www.sothebysrealty.com\/eng\" rel=\"nofollow noopener\">Sotheby&#8217;s International Realty Affiliates LLC<\/a> today announced that Tera Realty Limited in <span class=\"xn-location\">Shanghai, China<\/span> is the newest member of its global network and will now operate as Tera Sotheby&#8217;s International Realty.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p><img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/452508\/SOTHEBY%27S_INTERNATIONAL_REALTY_LOGO.jpg\" title=\"Sotheby's International Realty logo. (PRNewsFoto\/Sotheby's International Realty) (PRNewsfoto\/Sotheby's International Realty)\" alt=\"Sotheby's International Realty logo. (PRNewsFoto\/Sotheby's International Realty) (PRNewsfoto\/Sotheby's International Realty)\"\/><\/p>\n<\/p><\/div>\n<p>Owned and operated by <span class=\"xn-person\">Ted Fang<\/span>, the firm was established in 2016 and serves the residential real estate market in <span class=\"xn-location\">Greater Shanghai<\/span>.<\/p>\n<p>&quot;As one of the key cities in mainland <span class=\"xn-location\">China<\/span>, the expansion into <span class=\"xn-location\">Shanghai<\/span> allows the Sotheby&#8217;s International Realty&reg; brand to have a strategic presence in the market,&quot; said <span class=\"xn-person\">Philip White<\/span>, president and chief executive officer of Sotheby&#8217;s International Realty Affiliates LLC.&nbsp; &quot;The Chinese buyer is a global consumer and with <span class=\"xn-location\">Shanghai<\/span> being the second-most populated city in the world, we are strengthening the brand&#8217;s foothold in Greater Asia.&nbsp; We proudly welcome Tera Sotheby&#8217;s International Realty to our global network.&quot;<\/p>\n<p>&quot;The real estate market in <span class=\"xn-location\">Shanghai<\/span> offers some of the most expensive and highest-quality homes in <span class=\"xn-location\">China<\/span>,&quot; said Fang.&nbsp; &quot;Our team of experienced real estate professionals have a wide network across <span class=\"xn-location\">China<\/span> and we are focused on providing exceptional service to our clients. Affiliating with the <i>Sotheby&#8217;s International Realty <\/i>brand allows us to expand the reach of our network around the world while being part of a largely-trusted global brand.&quot;<\/p>\n<p>Tera Sotheby&#8217;s International Realty is the fourth <i>Sotheby&#8217;s International Realty<\/i>-branded&nbsp;company in <span class=\"xn-location\">China<\/span>; also operating in the country are Beijing Sotheby&#8217;s International Realty, Hainan Sotheby&#8217;s International Realty, and Tianjin Sotheby&#8217;s International Realty.&nbsp; With this addition, the brand now has 50 offices in the greater <span class=\"xn-location\">Asia Pacific<\/span> region.<\/p>\n<p>The <i>Sotheby&#8217;s International Realty<\/i> network currently has more than 22,000 affiliated independent sales associates located in over 960 offices in 72 countries and territories worldwide.&nbsp; In 2017, the brand achieved a record global sales volume of <span class=\"xn-money\">$108 billion USD<\/span>.&nbsp; Tera Sotheby&#8217;s International Realty listings will be marketed on the <a target=\"_blank\" href=\"http:\/\/www.sothebysrealty.com\/en\/home.aspx\" rel=\"nofollow noopener\">sothebysrealty.com<\/a> global website.&nbsp; In addition to the referral opportunities and widened exposure generated from this source, the firm&#8217;s brokers and clients will benefit from an association with the Sotheby&#8217;s auction house and worldwide <i>Sotheby&#8217;s International Realty<\/i> marketing programs.&nbsp; Each office is independently owned and operated.<\/p>\n<p><b>About Sotheby&#8217;s International Realty Affiliates LLC<br \/><\/b>Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the <i>Sotheby&#8217;s International Realty<\/i> network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby&#8217;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.<b>&nbsp; <\/b>In <span class=\"xn-chron\">February 2004<\/span>, Realogy entered into a long-term strategic alliance with Sotheby&#8217;s, the operator of the auction house.&nbsp; The agreement provided for the licensing of the <i>Sotheby&#8217;s International Realty <\/i>name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby&#8217;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&#8217;s auction house, established in 1744. For more information, visit <a target=\"_blank\" href=\"http:\/\/www.sothebysrealty.com\/\" rel=\"nofollow noopener\">www.sothebysrealty.com<\/a>.&nbsp; &copy; 2018 Sotheby&#8217;s International Realty Affiliates LLC. All rights reserved. Sotheby&#8217;s International Realty<sup>&reg;<\/sup> and the Sotheby&#8217;s International Realty Logo are service marks licensed to Sotheby&#8217;s International Realty Affiliates LLC and used with permission. Sotheby&#8217;s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. <\/p>\n<p><b><i>CONTACT<\/i><\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Lindsey Scharf<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Natalie Hernandez<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Director, PR &amp; Communications<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Manager, PR &amp; Communications<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Sotheby&#8217;s International Realty Affiliates LLC<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Sotheby&#8217;s International Realty Affiliates LLC<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(973) 407-5596<\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(973) 407-6142<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><u><a target=\"_blank\" href=\"mailto:Lindsey.Scharf@sothebysrealty.com\" class=\"prnews_a\" rel=\"nofollow noopener\">Lindsey.Scharf@sothebysrealty.com<\/a><\/u><\/span><\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><u><a target=\"_blank\" href=\"mailto:Natalie.Hernandez@sothebysrealty.com\" class=\"prnews_a\" rel=\"nofollow noopener\">Natalie.Hernandez@sothebysrealty.com<\/a><\/u> <\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p>SOURCE  Sotheby&#8217;s International Realty Affiliates LLC<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY19483&amp;Transmission_Id=201809261602PR_NEWS_USPR_____NY19483&amp;DateId=20180926\" style=\"border:0px; width:1px; height:1px;\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MADISON, N.J., Sept. 26, 2018 \/PRNewswire\/ &#8212;&nbsp;Sotheby&#8217;s International Realty Affiliates LLC today announced that Tera Realty Limited in Shanghai, China is the newest member of its global network and will now operate as Tera Sotheby&#8217;s International Realty. Owned and operated by Ted Fang, the firm was established in 2016 and serves the residential real estate [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-11721","post","type-post","status-publish","format-standard","hentry","category-sothebys-international-realty"],"_links":{"self":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/comments?post=11721"}],"version-history":[{"count":0,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11721\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=11721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=11721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=11721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}