Coast is owned by Tom Hoban and Shawn Hoban. SVN executive vice president Kevin Maggiacomo tells GlobeSt.com that the "regional developer agreement" – the second in the company's history – gives Coast oversight of the development of the brand, including new franchise sales throughout most of Washington State. In exchange, Coast will participate in the revenues derived from their growth efforts, he says.

"We see tremendous opportunity for growth in Washington State," says SVN International CEO/founder Mark Van Ness. Tom Hoban says Coast's business was built on property management but its brokerage and leasing services have grown considerably in recent years. "[Our brokerage and leasing] group needed its own mission, its own tools, and its own platform," he says. "Creating Coast Sperry Van Ness affords us those advantages."

With regard to growth of the SVN network in the region, Hoban says he will be looking for companies and advisors that hold themselves to high standards of production and a high level of service for their clients. "Our aggressive positioning will benefit those that have interest in being part of a rapidly growing international company … while still remaining independently owned and operated."