GENEVA – Two Tri-Cities firms occupying different sectors of the real estate market are merging – BEI Properties in Batavia and Miscella Real Estate in Geneva.
“BEI has been mostly focused on commercial real estate over its career; this gives us an [opportunity] to bring in that residential component and diversify our product offerings,” said Austin Dempsey, CEO at BEI Properties.
Miscella Real Estate, recognized by its purple signs, will keep offices in Geneva and looks forward to adding brokers, said Patti Rambo, owner and managing broker at Miscella, a 40-year-old firm founded by the late Jamie Daniel, who sold it in 2005.
BEI, a third-generation company, is nearing its 60th year as a commercial real estate and leasing firm with properties throughout the greater Fox Valley area. It is known for preserving, restoring, leasing and managing property.
“We’re excited because we both do have a similar approach in working with folks at a very relational level, and that’s how Jamie started this business,” Rambo said. “To really understand a person’s specific goals and needs, and make sure a strategy is put together to meet [them]. Everybody has different reasons to sell, buy, relocate, upsize, downsize. It’s not just a dollars and cents transaction. It’s about their home.”
Dempsey said he grew up on stories of his grandfather and Daniel working together over the years, as well as with his father. Austin Dempsey knew her through serving on a board together.
“Miscella is such a great firm – it has such great brand recognition,” Austin Dempsey said. “Jamie … was an amazing woman who has left quite a legacy in the area. We’re delighted to have an opportunity to bring Miscella [into] the BEI family of companies. The fact that we’ve got such history just made it all that much sweeter.”
Dempsey said the trend looks positive for residential and commercial real estate in 2018.
“We’re very optimistic,” he said. “In addition to national trends, our area has always been a very strong real estate market … and [been] an entrepreneurship mecca. We think that this market is going to be one of the better markets we’ve seen in the last decade.”
Dempsey said BEI has been a trusted partner in helping clients grow their businesses. A common focus of BEI and Miscella has been customer service.
“That’s why the acquisition of Miscella made so much sense,” he said. “[Miscella has had] 40-plus years of really knowing the market and really being able to deliver amazing service to their clients. We pride ourselves on doing the same. The two philosophies are a great mesh.”
Rambo calls it a good marriage.
“I could not be more excited to blend our resources, our history and our reputations to deliver the best possible experience for both the commercial and residential real estate needs of the Fox Valley,” she said.
To learn more, visit beiproperties.net.