The beauty of this 1924 Italian Revival estate by Clarence L. Jay has inspired generations of sensitive enhancements. In this century, they’ve included enrichments by renowned designer Matthew White and kitchen virtuoso Cynthia Bennett. A newly reimagined pool and spa with outdoor kitchen...
A dominant player has emerged on the West Coast real estate scene with the merger of LA-based John Aaroe Group and the Bay Area’s Pacific Union International. It marks the joining of Northern California’s premier luxury real estate brokerage and our leading Los Angeles-based firm, enabling us to share each other’s most valuable resources, connections and expertise across our combined markets.
Our company now ranks in the top ten among the nation’s leading firms with annual sales of $10.5 billion based on combined 2015 production.* We have 1,100 real estate professionals in 38 offices. Our new Northern California markets, led by CEO Mark McLaughlin, include San Francisco, Silicon Valley and Wine Country.
Here’s what John Aaroe had to say about the merger.
Why did John Aaroe Group make this move?
Creating this dominant California-based regional company gives us the perfect combination of large-company resources and locally-focused management and strategy. Pacific Union’s exclusive real estate technology tools, fueled by Silicon Valley innovation, are unsurpassed in the industry. We will tap into the firm’s proprietary economic forecasting models, along with the analysis of our new in-house Chief Economist, Selma Hepp.
These constantly evolving and growing resources dramatically enhance our agents’ ability to get rewarding results for clients. The move also vastly expands our connections with relocating Northern California buyers looking for homes in our desirable LA markets.
Will your name change?
No. The John Aaroe Group brand has invaluable equity in the LA market, as Pacific Union’s does in theirs.
Will decisions on LA issues still be made here?
Yes. As Founder and President of John Aaroe Group, I’ll continue to make timely decisions at the local level to benefit our agents and clients.
What are your plans going forward?
In the coming year, our initiatives will include the launch of a Property Management Division; collaboration with the Pacific Union firm The Mark Company, one of the nation’s premier urban residential marketing and sales firms; and active alignment with the company’s China Concierge program in Beijing.
Going forward, we’ll also be looking at opportunities to expand into Southern California markets that interest our clients.
*REAL Trends 500 by Volume
The median home price in Greater Los Angeles was up by 14 percent in March from one year earlier. Homes are selling faster than they were one year ago, and almost half of homes sold in March commanded premiums.Main Takeaways:Sales of affordable homes in Los Angeles further declined in March from...
Set on nearly an acre on a quiet cul-de-sac off Willow Glen, the property at 2617 Harlesden Court is minutes from the Sunset Strip, yet worlds away. Trails and rustic railroad tie steps meander through the Zen-like landscape, leading from the lush tropical pool to a bocce court with peaceful...