Lamacchia Realty is honored to be joining forces with a highly respected and landmark Falmouth, Cape Cod brokerage, Foley Real Estate and Foley Premier Properties. Lamacchia Realty has been serving Cape Cod in a limited capacity for years but referred the majority of the business to other brokerages. Now most of the Cape Cod business, specifically in Falmouth, will be handled in-house.
Foley Real Estate has a long legacy in Cape Cod. It was founded in 1970 by Jim Foley and it has remained in the family ever since. Jim’s daughter, Kara Foley, has been running the company since 2010 and played a large role in maintaining the company’s success. Anthony and Jim’s parallel successes with growing businesses and remaining true to the original culture and values of their respective companies make them the perfect match for this acquisition.
Jim Foley has been a very well-respected broker in Massachusetts since he opened the doors of Foley Real Estate in the seventies. Since then, Jim has earned his broker’s license in a total of fourteen states. Foley Real Estate eventually grew to a group of over twenty licensed agents and staff members. Jim has always played an active role in the real estate community, having served on The Massachusetts and/or The Cape Cod & Islands Association of REALTORS® Professional Standards Committee, Mediation Committee, Education Committee, and formerly the Grievance Committee. On top of that, Jim earned a certification to instruct broker and salesperson pre-licensing courses.
While his professional accomplishments are impressive, it is Jim’s charitable giving that earned him even more respect and adoration in his community. Jim and Foley Real Estate are avid supporters of Shriner’s Hospital. Most noteworthy was their Haunted House & Marine Corps Check Run where their entire office was turned into a haunted house during Halloween, and all dollars earned from that event were donated by a check that was hand delivered by marines who ran to the Shriner’s Hospital in Boston. The Foley family focus on charitable giving aligns with Lamacchia’s own desire to raise funds to give back to the local community through their Lamacchia Cares initiative.
Jim was at the helm of the Foley brokerage until 2010 when his daughter Kara Foley stepped in as the Managing Partner and Real Estate Advisor. Kara originally spent nearly a decade on Wall Street in hedge fund international marketing and then later in the investment banking industry until she stepped into her current leadership role. Kara will now be the Lamacchia Realty and Lamacchia Property Management Regional Manager for Cape Cod and her focus will be primarily on growing the company’s presence in Falmouth and the surrounding areas. Kara will be integral in ensuring all departments are working together to drive development, agent training, and agent business growth.
While Foley focused primarily on the sale of residential homes upon opening its doors, in the years following, it adapted to the changing coastal market. Seasonal rentals soon began to gain popularity, and Foley real estate acted. Since 1974, Foley real estate has worked in residential sales and limited seasonal and year-round rentals from its location at 703 Main Street in Falmouth. With over 130 rentals available for summer, winter, or year-round occupancy, Lamacchia Realty aims to maintain and grow the already booming rental business through the Lamacchia Property Management company.
Lamacchia Realty prides itself on the services it provides for its REALTORS® and is thrilled to bring these services to the REALTORS® of Cape Cod. The agents joining the Lamacchia Realty Falmouth office through the acquisition of Foley Real include Joan Baird, Erika Capobianco, James Cregg, Rick Hill, Gail Kenney, Kevin Lolley, William Peters, and Laura Schroth. Additionally, a staff member from Foley Real Estate will also be joining, Helen Vezina. These agents and staff members will play a huge role in the office hitting the ground running.
On top of that, Lamacchia anticipates several of its current REALTORS® that are local to Falmouth will be joining the Cape Cod office from other branch offices, including Tina Davis-Chiruna, Megan Mollova, Nikky Mollova, and Margaret Goss.
With a famous Main Street location, Lamacchia Realty is excited to bring on even more REALTORS® in the weeks and months to come. This is the first true Cape Cod location for Lamacchia Realty and the company is ready to make its mark. A heavy marketing campaign has been initiated to dramatically boost the Company’s market reach in Cape Cod to help add more top-rated agents to the Falmouth office. This will kick off immediately and includes additional billboards, postcards, newspaper ads, and much more.
Lamacchia Realty recently opened in Salem NH with its first brick and mortar location after having served that area for many years, and prior to that celebrated its expansion into the Connecticut market with its Southington location. Lamacchia Realty is licensed in 6 states, including Florida, but serves buyers and sellers with international and global relocations through its membership to the exclusive invite-only network Leading Real Estate Companies of the World.
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