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Home | News | Government | NREIS to Close Pittsburgh Location in February, Leading to 215 Layoffs
Hudson & Marshall
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NREIS to Close Pittsburgh Location in February, Leading to 215 Layoffs

NREIS to Close Pittsburgh Location in February, Leading to 215 Layoffs

*_UPDATED: Adds information from NREIS' Texas WARN letter, includes a forwarded email from an IREP manager._*

""National Real Estate Information Services"":http://www.nreis.com/default.htm (NREIS) is shuttering the doors to its Pittsburgh office in February, according to a Worker Adjustment Retraining Notification (WARN) Act notice posted on the ""Pennsylvania Department of Labor and Industry's"":http://www.portal.state.pa.us/portal/server.pt?open=512&objID=5278&mode=2 website.

[IMAGE] [COLUMN_BREAK]

The closing will begin February 15 and will affect 215 employees. NREIS employs more than 1,200 people, according to the company's website.

The address listed on the NREIS' notice is the same as that of another real estate services provider, ""Secured Lending Services"":http://www.securedlendingservices.com/.

A reader of sister publication _MReport_ forwarded an email exchange allegedly between a Realtor and a manager at IREP, an NREIS subsidiary. The exchange was posted to an online message board for agents and brokers.

In the email, the manager says ""National Real Estate gave notice that they will close in 60 days so March 1 they will no longer be in business. Secured Lending is working business as usual right now.""

According to another WARN Act notice on the ""Texas Workforce Commission's"":http://www.twc.state.tx.us/ website, the company is laying off an additional five employees in its Dallas office.

The WARN letter issued to the TWC says the layoffs are a result of the ""dissolution and windup of NREIS of Texas, LLC."" It goes on to say the ""separation of employment with the Company is expected to be permanent and there will not be any bumping rights.""

Hudson & Marshall

About Tory Barringer

Tory Barringer
Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

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