Coldwell Banker buys Long Island firm

Coldwell Banker announced today that it is buying the Long Island offices of Century 21 Benjamin. Newsday reports, "The sale comes just two weeks after Edward Gitlin, co-owner of Benjamin Long Island Realty told a Newsday reporter that business was down 20 percent compared with two years ago ... He noted that buyers weren't easily buying. Instead they were 'fishing around' and that the banks were more cautious about lending." Read more here.

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