Merger of S.F., L.A. Brokerage Firms to Create Statewide Behemoth
August 18, 2017
Pacific Union, the Bay Area’s third-largest residential brokerage by sales volume, will merge with Partners Trust and form California’s largest independent residential brokerage, and together have 1,400 real estate professionals. San Francisco-based Pacific Union will merge with Los Angeles-based Partners Trust,
which has 240 associates, in a deal expected to close this week. The combined company will have 47 offices. It’s the third deal for Pacific Union in the past three years in a brokerage industry where consolidation has become commonplace. In 2015, Pacific Union acquired the Mark Co., a new condo development specialist, and last year merged with Beverly Hills based John Aaroe Group. All three brands will remain separate. Statewide, Pacific Union and Partners Trust had a combined 2016 sales volume of $12.6 billion and project 2017 sales volume over $15 billion.
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