Late yesterday afternoon, Coldwell Banker announced that they will be closing two local real estate offices. One of the offices was a Coldwell Banker office in Old Town Pasadena on Colorado Boulevard. The other one was in La Canada.
The explanation given to the shocked real estate agents working at CB was that both offices were unprofitable.
San Marino Coldwell Banker survived the recent cuts, but the real estate agents working for Coldwell are feeling a bit uncertain about their future.
The real estate agents in both offices were given three weeks to find a new home or get a new career.