Coldwell Banker La Mansion Real Estate and Nexus Real Estate merge

MCALLEN, Texas – Coldwell Banker La Mansion Real Estate of McAllen has announced a merger with Brownsville-based Nexus Real Estate.

Jason Waugh, president of Coldwell Banker Affiliates, says the move further expands the Coldwell Banker brand in the Rio Grande Valley, pointing out that this is the first expansion effort by Coldwell Banker La Mansion Real Estate since joining the Coldwell Banker system in 2000.

“Growth is essential in any business, and Coldwell Banker La Mansion Real Estate is a powerhouse in the South Texas region, so this expansion is no surprise. This move will further strengthen the Coldwell Banker presence in South Texas, and we welcome all the new sales professionals to the Gen Blue network,” Waugh said.

Coldwell Banker Commercial will be establishing a presence in the Brownsville market with an office location at 1655 Ruben Torres Boulevard, Waugh explained.

Daniel Galvan, president of Coldwell Banker La Mansion Real Estate, said Nexus Real Estate has a proven, 19-year track record in the Brownsville area, holding steady market share for well over a decade under the leadership of Diana Villarreal Bakalem. He said the current Nexus Real Estate office will soon be the second Coldwell Banker La Mansion Real Estate office in the Rio Grande Valley. 

“We are clearly in growth mode and today’s announcement is another positive sign of the viability of this region’s economic future. We are very excited about this new phase in our company’s development. We are committed to ensuring that all our clients receive the best imaginable service and that our agents are afforded every opportunity to maximize their business potential,” Galvan said.

Galvan said Coldwell Banker La Mansion Real Estate now has approximately 75 associates and brokers across the RGV.

Villarreal Bakalem, president of Nexus Real Estate, issued this statement about the merger:

“We are excited about this new chapter for our company. Having been in the industry since 2004, we are excited to see what change this brings and we are thrilled by this new partnership. We are confident that this merger will only reinforce and expand our company’s growth. The future of the Rio Grande Valley looks very bright.”

About Coldwell Banker La Mansion Real Estate

Founded in 1989, Coldwell Banker La Mansion Real Estate stands as a cornerstone in the South Texas real estate industry, proudly serving the diverse communities of The Rio Grande Valley. With its primary office located at 508 E. Dove Avenue in McAllen, TX, the company offers acquisition/disposition services, leasing services, and Property Management services. The office can be reached at 956-631-1322. Coldwell Banker La Mansion Real Estate has been an affiliate of the Coldwell Banker System for 24 years. Each office is independently owned and operated.

About Daniel Galvan

Daniel Galvan has over 17 years of real estate experience. He is a proven industry veteran and over the course of his career, he has closed over One Billion Dollars in transactions in the South Texas Region. His areas of expertise cover all real estate sectors, including Corporate Real Estate, Development, Brokerage, Project Leasing, and Property Management.

About Diana Villarreal Bakalem

Diana Villarreal Bakalem obtained her Texas Real Estate License in 2001. In her second year as Realtor, she received the Leadership Award for two consecutive years. In her fourth year, she received the coveted Top Producer Award in the Harlingen and Brownsville area, and received the President’s Circle award for having the most transactions in one year, 67, which had not been accomplished by anyone in the region in 17 years, earning her the Top 3% National Award. Later in 2005, Mrs. Bakalem began her own real estate company, Nexus Real Estate, as a broker. Since 2007, Mrs. Bakalem and the professional team have become the number one company in Brownsville, TX and the surrounding area. In 2010, she received the Entrepreneur of the Year award from the Women’s Council of Realtors.

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