William Raveis takes over Jordan Real Estate in surprising acquisition

On December 11, 2024, in Shelton, Connecticut, William Raveis Real Estate, Mortgage & Insurance, recognized as the top brokerage in the U.S. for 2023 by Inman, announced its strategic acquisition of Jordan Real Estate (JRE), a well-established boutique brokerage with 32 years of service to the Nantucket community. Led by co-owners Gloria Grimshaw and David Callahan since 2007, JRE has deep roots in the local market, with both owners actively involved in community service and local nonprofit organizations. The acquisition enables JRE to leverage William Raveis's vast resources and network to enhance their service offerings further. Chris Raveis, President of Residential Sales, emphasized the benefits of the alliance, highlighting the enhanced client services and marketing capabilities offered by William Raveis, especially in luxury markets like Naples and Palm Beach. Gloria Grimshaw and David Callahan expressed excitement about joining a company that shares similar values in dedication to both clients and agents, providing a broader reach and enhanced support for their agents, buyers, and sellers. This partnership aims to foster growth and innovation within the real estate services in Nantucket while continuing their commitment to local community engagement and philanthropic activities. As a result, clients will benefit from a one-stop shop experience, gaining access to in-house mortgage financing and insurance experts. The new William Raveis location on Main Street in Nantucket signals a significant move to not only grow their footprint in the area but also to assert their commitment to providing luxury service norms well-known to the brand. The acquisition aligns both firms' objectives in serving the community and enhancing client experiences, signaling a bright future ahead for employees and clients alike in the Nantucket region.