Dickerson & Nieman Realtors, the largest residential real estate firm in the Rockford market, and Doyle Woodhouse & Moore Realtors, the area’s leading commercial real estate broker, merged Jan. 12.
The newly-expanded real estate business will be marketed under the Dickerson & Nieman Realtors brand. Frank Wehrstein is president of the Residential Division and Steve Clark is the new president of the Commercial Division.
“At a time when the real estate industry is slowly recovering from a five-year-old housing recession, we decided to get aggressive and expand our real estate product,” said Wehrstein. “This makes it that much more convenient for sellers, buyers, landlords and tenants to go to one location for all these resources.”
Combined, the two firms now hold the largest overall market share of real estate listings in Winnebago, Boone and Ogle counties. Dickerson & Nieman lists 483 of 2,621 residential properties on the market, 18.4 percent of Rockford market residential listings. On the business side, Dickerson & Nieman lists 122 of 378 commercial property listings, 32 percent of the market, and 87 of 217 land offerings listed for sale, 40 percent of that segment.
Dickerson & Nieman and Doyle Woodhouse & Moore have a history of holding joint commercial real estate investment. The new Dickerson & Nieman Commercial Division will have 12 commercial broker agents, led by Clark, the only commercial agent in the Rockford market certified with both the prestigious Certified Commercial Investment Member of the Realtors National Marketing Institute and a Society of Industrial and Office Realtors designation.
“If you want someone who gets right to the meat of a customer’s commercial need, Steve Clark is the guy,” said Wehrstein. “Steve is recognized as the area’s expert in commercial and industrial space, a reputation he built in Rockford during the last 35 years. Customers have faith in his integrity and his wide breadth and depth of knowledge of the commercial side of the business.”
Wehrstein said the expanded Dickerson & Nieman is positioning itself for upcoming growth in the Rockford market. He said: “As we get our schools in balance, and the business community continues its aggressive pursuit of new business to Rockford, the move we’re making today will position us for the growth that lies ahead.”
From the Jan. 18-24, 2012, issue