Coldwell Banker, Steffey Realtors form new firm

REAL ESTATE NOTES

September 01, 1991|By Edward Gunts

Coldwell Banker Home Realty Professionals and Steffey Realtors merged last month and will operate under the Coldwell Banker name.

Gary Kaukonen, the broker for the expanded office, said the merger will enable him to add between 25 and 30 licensed associates to his operation, an independently owned Coldwell Banker franchise that already had 52 salespeople.

Mr. Kaukonen said the merger also will enable his company to move into several areas where it was not previously active. Steffey had a new homes division, a commercial division and a property management division, which have been folded into the new company.

"We have a strong base of residential sales, and we're looking forward to expanding and taking advantage of some other opportunities . . .," he said. "We have low overhead and a good business. The key thing was getting the people."

The former head of Steffey Realtors, John W. "Jack" Steffey Sr., will be a consultant to the company and will continue to operate a separate construction business, Steffco Builders.

In addition, several other members of the Steffey family have joined the new firm. Mr. Steffey's wife, T. Sharyn Steffey, is managing the company's Annapolis office. A son, William C. Steffey, is heading the commercial department, and another son, John W. Steffey Jr., is managing the Severna Park office. Another member of the management team is Chris Murchake.

Jack Steffey was not the first member of his family to work in the real estate business. His father, Charles H. Steffey, started his own real estate company in 1905 and served as the first real estate commissioner of Maryland.

Coldwell Banker Home Realty Professionals has become the listing agent for current Steffco developments, including the Oak Leaf Villas in Glen Burnie and Farring Heights in the Brooklyn-Curtis Bay area. Its headquarters will be 484-C Ritchie Highway Highway in Severna Park.

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The Anne Arundel County Office of Community Development will sponsor free two-part seminars for prospective homebuyers at three locations this month. The seminars will be conducted by representatives of Loyola Federal Savings and Loan Association, Long and Foster and American Title Guarantee Co.

The dates and locations for the paired seminars are:

* In Annapolis, at the Office of Planning and Zoning, 2664 Riva Road, Conference Room C, on Sept. 4 and 11.

* In Odenton, at the Odenton Public Library, 1270 Odenton Road, on Sept. 12 and 19.

* In Glen Burnie, at the Arundel Center North, 101 Crain Highway, Conference Room 403, Sept. 16 and 23.

The seminars will be held from 7 p.m. to 9 p.m. The first of the two evening sessions will be devoted to discussions about mortgage financing, budgeting, the loan application process and county and state financing programs.

During the second sessions, speakers will describe the house search process, how to be an informed buyer, the inspection process and settlement. No prior registration is necessary.

Around the region:

* Schamu, Machowski, Doo and Associates plans to move its office from 107 E. Preston St. to 1001 Cathedral St. by the end of September. Schamu, Machowski, Doo and Associates was the architect for the restoration of the five-story building, which is owned by G. W. Helfrich Inc.

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