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Merger Announced in the Chronicle

Pacific Union in L.A. deal

Pacific Union Interna­tional, a San Francisco real estate firm, said Wednesday that it is merging with John Aa­roe Group, a Southern California luxury real estate brokerage. The combined companies will have 38 offices and 1,100 professionals. Com­ bined, the two firms sold $10.5 billion in homes in 2015. Pacific Union was already the ninth-largest real estate firm in the country; the deal will move it up to eighth place.

Pacific Union has sought to distinguish itself by catering to tech­ industry employees – it claims to have “propri­etary tech tools that connect the cloud to the street” – and serving Chinese buyers through Mandarin-speaking agents and a Beijing office.

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