Brokerage Industry Consolidation in Los Angeles- Partners Trust acquired by Pacific Union
Just as we were getting comfortable with boutique real estate companies leading the charge on the Westside, some major players have recently come in to snap us up. New York based Douglas- Elliman just purchased Teles Properties and Pacific Union out of San Francisco is now the majority owner of our company Partners Trust. Along with recently purchasing John Aaroe and having a large stake in Gibson International, Pacific Union who will now have a significant imprint in Los Angeles as it looks to become the biggest national boutique firm. Pacific Union is currently one of the biggest players in Northern California.
Pacific Union and Partners Trust merge to create the largest independent real estate brokerage in California
Pacific Union International to acquire Partners Trust (via Real Deal)
Douglas Elliman to acquire Teles Properties (via Real Deal)