Pacific Union is very excited to share the news that we’ve extended our firm’s geographic footprint to key Southern California real estate markets by merging with Los Angeles-based John Aaroe Group.
Founded in 2009 by 30-plus-year Los Angeles real estate veteran John Aaroe, the brokerage has 400 professionals in nine offices throughout Southern California. Those professionals brokered more than 2,800 transactions in 2015 for a total sales volume of $2.3 billion.
Combined, the two brokerages will consist of more than 1,100 of California’s top real estate professionals, operating out of 38 total offices. In addition to its core Bay Area and Lake Tahoe markets, the merger gives Pacific Union a presence in important communities in the greater Los Angeles area, including Beverly Hills, the Westside, Downtown, and the San Gabriel and San Fernando Valleys.
“Pacific Union has long wanted to create a partnership with a well-established company with clear momentum in Southern California,” Mark A. McLaughlin, CEO of Pacific Union, says. “The Aaroe reputation and John Aaroe’s stellar leadership gave us the match we were looking for. Our core values — trust, teamwork and innovation — closely match theirs.”
The two brokerages will combine efforts to offer real estate professionals access to best-in-class, constantly evolving technologies that in turn allow them to deliver an exceptional level of client service. In addition to alignment with Pacific Union’s core business, the deal offers John Aaroe Group strategic synergies with company joint-venture The Mark Company, a San Francisco-based urban residential real estate marketing and sales firm that operates throughout the Western U.S. Pacific Union acquired The Mark Company in October 2015.
“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.
Both companies will continue to operate under their own names, and management and staff will remain unchanged. Pacific Union will leverage our company’s resources to promote John Aaroe Group in Southern California.
Source: Pacific Union Bay Area Real Estate Blog
Pacific Union Expands in California, Merges With Los Angeles-Based John Aaroe Group