Bray and Co. closes Glenwood Springs real estate office | PostIndependent.com

Bray and Co. closes Glenwood Springs real estate office

John Gardner
jgardner@postindependent.com
Glenwood Springs, CO Colorado

GLENWOOD SPRINGS, Colorado ” Robert Bray, CEO and president for Bray and Co. Real Estate, said the decision has been made to close the Glenwood Springs office due to changing housing markets in the region.

“We looked at the current market, and what we expect the market to be, and came to the conclusion that we should consolidate through the Rifle office,” Bray said. “It would be more efficient from that base to better serve our customer base.”

The company has been in business since 1946 and is based in Grand Junction. The company currently has offices in seven cities including Rifle, Cedaredge, Delta, Montrose, Fruita, Grand Junction and Glenwood Springs.

The company has had an office in Glenwood for 15 years, and it is now planned to close by Dec. 1. Bray said that the Glenwood and Rifle offices were a partnership between Bray and Co. and one-time Glenwood Mayor Ted O’Leary.

Bray and Co. today owns both properties outright.

According to its website the Glenwood office, located on Grand Avenue next to the Roaring Fork School District offices, employs 13 broker associates for commercial and residential real estate, and includes a property management division.

Bray said the property management division will now be based in the Rifle office, and Glenwood office managing broker Ken Wiencek will oversee that operation.

Bray said that “a couple” of brokers will remain with the company in Rifle, but that not all of the employees would make the transition.

According to Bray, the Rifle office has had a “good year” despite the slowdown in much of the region. He didn’t give any other reason for closing the Glenwood Springs office other than consolidation to better serve customers.

Despite the closure, Bray said that business is good.

“The Rifle office has been up over the same time last year,” Bray said. “Business is good.”

Contact John Gardner: 384-9114

jgardner@postindependent.com


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