The brand is the 8th largest real estate brokerage in the US and the expansion unites more than 900 real estate professionals from three of Los Angeles' most powerful independent luxury brokerages - John Aaroe Group,
Partners Trust, and Gibson International - under a single brand.
The firm was founded in San Francisco in 1970 and has seen major expansion in recent years through acquisitions of The Mark Company and Empire Realty Associates, as well as the three LA firms.
"In the fourth quarter of 2015, Pacific Union established its Vision 2020 to expand beyond the San Francisco Bay Area," Pacific Union CEO Mark A. McLaughlin says. "Our offering in mergers and acquisitions is based on a shared value system; deep investments in technology; a core principle of managing to the top; and developing programs, tools, and resources for our finest professionals. The fact that three firms with shared cultures also believed in our Vision 2020 will have an unprecedented impact on the Southern California real estate market.”
Pacific Union International now has more than 1,700 real estate professionals across 51 offices throughout Northern and Southern California, projecting sales volume of $18 billion in 2018.
More market update:
Californian luxury real estate brokerage Pacific Union International has expanded into the Los Angeles market, its largest expansion yet.