Monday, April 4, 2011 | 11:09 a.m.
Sun Coverage
One of Las Vegas’ largest real estate brokerages announced today it has acquired a franchise operating in Phoenix.
More than three years after filing for bankruptcy protection, which it later emerged from in 2008, Prudential Americana has taken over Prudential Arizona.
Prudential Americana has vied with Realty One Group as the two leading residential brokerages in Las Vegas.
During the housing downturn, Prudential Americana sought bankruptcy protection in November 2007 to deal with its large debt load that resulted when Chief Executive Officer Mark Stark bought out his partners.
Prudential Americana has more than 1,000 sales executives and recorded 8,294 home closings in 2010 with a value of $1.47 billion.
The franchise it takes over in Arizona has 11 branch offices in Phoenix and surrounding suburbs. Its sales staff of more than 550 recorded 3,079 closings in 2010 with a value of $700 million.
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