Partners Trust Real Estate Brokerage & Acquisitions in Beverly Hills purchased Arete Estates, a Malibu firm specializing in high-end real estate. The purchase price was not disclosed.
Partners Trust was founded in 2009 by a five-person partnership. The company has some 200 associates and annual sales of greater than $1.7 billion. Arete Estates’ nine employees will join the bigger firm and Arete will take the Partners Trust name.
(Source: Los Angeles Business Journal)