Tag: brokerage

Hanna Commercial broadens its scope into business brokerage

Hanna Commercial Real Estate, the Cleveland commercial brokerage belonging to Pittsburgh-based Howard Hanna Real Estate Services, is taking a page from its corporate parent’s playbook and entering business brokerage.

It’s a natural move for the Howard Hanna empire that offers homebuyers one-stop shopping for related services typically provided by third parties. The company not only includes its household-name residential brokerage but offers services from lending, title and escrow to insurance services. That provides opportunities for cross-selling and additional profit centers from peddling properties.

And in typical Hanna fashion, it’s jumping into business brokerage by acquisition. In this case, it bought Clifton Capital, a business sales firm operated by Tom Jelepis, a high-profile commercial real estate professional, and business partner Dennis Dunn.

Mac Biggar, president of Hanna Commercial, said in a video interview that the move “checked a lot of boxes” for an ancillary business the commercial brokerage has long wanted

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Japanese online brokerage SBI considering retreat from Hong Kong

TOKYO, Sept 9 (Reuters) – Japan’s giant online brokerage SBI Holdings Inc is considering retreating from Hong Kong which has been unstable due to a new security law imposed by China, a spokesman said on Wednesday, confirming reports by local media.

SBI, which operates a securities business as well as research and development of medical supplies in Hong Kong, has become the first Japanese financial firm to clearly indicate such a move is under consideration.

“It’s true we are considering retreating from Hong Kong or downsizing our business there,” the spokesman said, adding the company believes Hong Kong’s status as a global financial centre may fall.

The spokesman said the company employs dozens of people there but declined to comment on where it might move to.

Chief Executive Yoshitaka Kitao has pledged to position Japan as a global financial centre, replacing Hong Kong, according to Japan’s Jiji news agency.


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