Prudential Preferred Realty acquires Avalar Real Estate

| Wednesday, May 5, 2010

Prudential Preferred Realty in Pittsburgh said Tuesday it acquired Avalar Real Estate and plans to merge its two offices -- in Squirrel Hill and Robinson -- into existing Prudential offices nearby.

Ron Croushore, Prudential's owner, declined to reveal the purchase price. About 25 Avalar agents will join Prudential, including its former broker-owner, Ed Schmidt, who will become an office manager.

Schmidt originally started Keller Williams Real Estate in the region.

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