Two West Coast Residental Brokerages Merge
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San Francisco-based Pacific Union International and Los Angeles-based John Aaroe Group have merged. The combined residential real estate firms have production of $10.5B, based on 2015 numbers.
The merger will allow for expanded volume in both Northern and Southern California. John Aaroe Group, a luxury brokerage, will extend into Los Angeles’ new condominium market with luxury high-rise condominium firm The Mark Co, which Pacific Union acquired in 2015.
The combined organization employs 1,100 real estate professionals in 38 offices in California, covering markets such as San Francisco, Marin, Contra Costa, Alameda, Napa and Sonoma counties as well as Silicon Valley and Lake Tahoe. In Los Angeles, the company covers Beverly Hills, the Westside, Downtown and San Fernando and San Gabriel valleys.
Pacific Union CEO Mark A. McLaughlin and John Aaroe Group president John Aaroe (both above) will retain their current titles and roles.