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Wednesday, Oct 10 2007 10:54 AM

Crisp Real Estate Inc. office closes

BY VANESSA GREGORY, Californian staff writere-mail: vgregory@bakersfield.com

The office of Crisp Real Estate Inc. — one of 13 locations raided last month by federal agents investigating the former Crisp & Cole companies — closed this week.

RE/MAX Magic has signed a lease for the Town and Country shopping center office at the corner of Stockdale Highway and Coffee Road, owner and broker Debbie Banducci said Tuesday.

Related Photos

FBI agents walk out of Crisp & Cole Real Estate office at 8200 Stockdale Highway recently.

RE/MAX Magic, which has an existing office in town, will use the new space as a specialty center for bank-owned properties, Banducci said.

"That office is turning into a foreclosure office," she said.

Old Crisp & Cole Real Estate signs were ripped down Monday, and RE/MAX started to move in on Tuesday, Banducci said.

Worries people might assume her firm was associated with the troubled Crisp & Cole partnership were trumped by the office’s prime location at a busy intersection, she said.

“I do love that location and facility,” Banducci said.

The young Crisp Real Estate founder and former Crisp & Cole partner, David Crisp, could not immediately be reached for comment Tuesday.

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