San Francisco’s Pacific Union International, Inc., the ninth largest real estate brokerage in the U.S. by sales volume, and John Aaroe Group, a leading Southern California luxury brokerage, announced their merger in December 2016.
“Pacific Union has been aggressively looking to partner with a top-tier brokerage with clear momentum on the West Coast,” Pacific Union CEO Mark A. McLaughlin says. “John Aaroe Group is a premium brand that embraces our culture of teamwork, trust and innovation. The combination will permit Pacific Union to continue to invest in marketing and technology programs to support our real estate professionals in this highly competitive market.”
“This strategic collaboration with Pacific Union delivers on our brokerage’s mission to expand our international reach and accelerate the adoption of the most advanced technology and innovative thinking for our real estate professionals in the industry today,” John Aaroe, president of John Aaroe Group says.
The combined organization, including Pacific Union, The Mark Company, John Aaroe Group and Chartwell Escrow, results in 1,100 real estate professionals operating in 38 offices throughout California. Northern California markets include San Francisco, Marin, Contra Costa, Alameda, Napa, and Sonoma counties, Silicon Valley, and the Lake Tahoe region. Greater Los Angeles markets include Beverly Hills, the Westside, Downtown, and the San Fernando and San Gabriel Valleys.
Through this merger, John Aaroe Group, noted for brokering the largest sale in Beverly Hills, at $70 million, will extend its strength into Los Angeles’ highly competitive new-condominium market with urban sales and marketing authority, The Mark Company. The Mark Company was acquired by Pacific Union in 2015, and leads the West Coast in the development of new, luxury high-rise residential condominium projects, which are powerfully transforming downtown residential markets in San Francisco, Los Angeles, and Seattle.
