June 03, 2015 // Franchising.com // Madison, N.J. - Sotheby’s International Realty Affiliates LLC today announced that Vista Sotheby’s International Realty in Palos Verdes and Redondo Beach, California, has merged with well-known local real estate brokerage, South Bay Brokers, with four offices across the South Bay market in Los Angeles County. The combined company will operate as Vista Sotheby’s International Realty, with six offices and nearly 200 affiliated agents.
“Vista Sotheby’s International Realty has built a solid reputation for quality service since joining the Sotheby’s International Realty brand in 2007,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “I have known Jim Van Zanten and Jack Gillespie, the owners of South Bay Brokers, for many years and have great respect for them and what they have accomplished. We are delighted to see these two fine firms join forces in this important high-end market, and are proud to support them as they expand their footprint to represent the finest luxury real estate in the South Bay.”
The newly combined company’s expanded market area appeals to a wide variety of clients. “Our market is made up of the luxury coastal area of South Los Angeles, which includes the oceanfront communities of Manhattan Beach, Hermosa Beach and Redondo Beach, along with the hillside enclave of the Palos Verdes Peninsula,” says Rick Edler, president, Vista Sotheby’s International Realty. “Our world-class destination towns promote a quiet respite from the hustle and bustle of the downtown Los Angeles area while maintaining close proximity to a renowned metropolitan location. This strategically sound union of two companies dedicated to quality service will appeal to our client base.”
The Sotheby’s International Realty network currently has approximately 17,000 sales associates located in approximately 800 offices in 61 countries and territories worldwide. Vista Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.
SOURCE Sotheby’s International Realty Affiliates LLC
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