T
he brokerage industry is constantly evolving, with frequent mergers and acquisitions shaping the landscape. Here are some of the latest developments across the US:
Showcase Real Estate, a Northern California-based independent brokerage, has joined The Real Brokerage's Private Label program. This move adds 45 agents to Real's roster and expands its presence in seven counties. Founder Donna Phelan cited Real's focus on empowering agents as a key factor in their decision.
Engel & Völkers has expanded its Arizona footprint with the acquisition of Platinum Living Realty, bringing over 60 real estate professionals and staff members under its umbrella. The move broadens Engel & Völkers' service areas in Scottsdale and Phoenix.
Two powerhouse teams, the Asset Advisory Team and the Waterview Advisory Group, have left Elegran Real Estate to join Coldwell Banker Warburg in New York City. Led by Co-founders Ashley Reidy Quinn and Nick Montalbano, the Asset Advisory Team boasts over a quarter of a billion dollars in lifetime sales.
Aperture Global Real Estate has expanded into Montana, led by Martha Johnson, an experienced local real estate professional who closed over $346 million in sales last year. The brand's move into the state represents more than just growth opportunities, according to Johnson and Aperture President Michael Valdes.
Mark and Sheryl VanDuren have returned to Coldwell Banker Realty in Florida after a brief departure. They operate as the VanDuren Group, focusing on residential and luxury real estate in the Lakewood Ranch, Sarasota, and Longboat Key areas.
RE/MAX has picked up two new teams in New Jersey and Ontario, Canada, bringing 51 agents under its umbrella. In northern New Jersey, Simply Real Estate is now doing business as REMAX Simply, while in Ontario, RE/MAX Realtron has acquired Alan Newton-led Alan Newton Real Estate Ltd.
