David Nyman Sells to Century 21

David Nyman Realtors

Home Services / Nyman Group

Jeff Colt Sells Connecticut

With Century 21 Home Services, The Nyman Group, Southbury CT.

Jeff Colt

Sells

Connecticut

Jeff's page was last updated on: January 9, 2009

Jeffrey D. Colt - Sales Associate - Century 21 Home Services / Nyman Group Southbury, CT. - 203-262-2003 - e mail: rltymn1@yahoo.com

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6 Sterling Woods

Jeff Colt

Sales Associate

Century 21

Home Services Scalzo

Nyman Group

Fairfield agency buys Nyman

Wednesday, January 25, 2006

BY MARC SILVESTRINI

A 25-year-old Southbury real estate agency has been acquired by a Fairfield County real estate group that includes one of the largest Century 21 agencies in the world.

David Nyman Realty, with 22 employees and offices in Southbury and Oxford, was sold Monday to Century 21 Home Services, a company that sells about $1 billion in residential property per year, said Douglas Rose, a senior vice president of Scalzo Group and Richter Real Estate, the partnership that owns the company. Financial details of the acquisition were not released.

Century 21 Home Services is the 37th largest of Century 21's 6,600 real estate offices around the world, Rose said.

Nyman Realty sells about $150 million in residential property per year, he said. Former owner David Nyman has agreed to remain with the company, he said.

The new owners are planning to keep both the Southbury and Oxford offices open, Rose said. The Southbury office is at 180 Main St. South; the Oxford office is at 297 Oxford Road.

The six-year-old partnership consists of Paul Scalzo of the Scalzo Group Real Estate Services of Bethel and Paul Richter of Richter Real Estate of Fairfield.

Combined, the companies owned by the two partners employ about 330 people, including 180 real estate agents.

The Nyman Realty deal is the third Greater Waterbury acquisition the Scalzo Group has been involved in over the past 2Ã‚Â½ years, said Rose, a Waterbury resident.

"We love the Waterbury market. From a residential real estate point of view, it's a city full of value," he said, noting that the same 2,200-square-foot new home in Fairfield County that sells for $1 million could be purchased for about $300,000 in Waterbury.

Scalzo first entered the Waterbury market in July 2003, when he formed a partnership with local commercial real estate broker and radio personality Tom Hill III to form Waterbury-based Coldwell Banker Commercial's Scalzo-Tom Hill Group.

Scalzo and Richter then acquired Century 21 McConnell, a real estate agency with offices in Southbury, Oxford and Bethlehem in November 2003. The McConnell agency, which traced its roots back to 1976, had 35 employees and also sold about $150 million in residential real estate per year, Rose said.

Home: (203) 262-1446

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Office: (203) 264-1400

EXT. 2003

Toll-Free: (800) 795-6781

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Address:

Century 21 Home Services

Nyman Group

325 Main Street South

Southbury, CT 06488