Cascade Sotheby’s International Realty Announces New Managing Principal Broker to Lead Metro Area Growth
Brokerage taps talent of Patrick O’Rourke to guide the company’s growth in the Portland metro, SW Vancouver and coast markets.
PORTLAND, OREGON (PRWEB) September 26, 2017 - Cascade Sotheby’s International Realty continues its steady growth trajectory with a new managing principal broker to lead momentum and broker development in the Portland Metro, SW Washington and Pacific Northwest coast markets.
Patrick O’Rourke comes to Cascade Sotheby’s from Coldwell Banker in Chicago, where he was senior vice president overseeing the North Shore and Northwestern Regions. In his most recent role, he oversaw the operations of 15 offices, affiliated with more than 1300 brokers. In 2016, O’Rourke’s group closed 8,130 units for $3.2 billion in sales volume. He started with Coldwell Banker at the branch level, rising to regional leadership, and ultimately to the distinguished position of senior vice president.
“Patrick has extensive experience successfully building large, productive real estate organizations and best-in-class leadership teams - one agent at a time,” said Deb Tebbs, founder and CEO, Cascade Sotheby’s International Realty. “Our momentum has been terrific in our western Oregon markets but we know that Patrick is the right talent to take this organization to the next level. His focus is on developing top tier brokers with team coaching, systems and resources you just don’t find elsewhere.”
O’Rourke will be responsible for growth, business and team development in Cascade Sotheby’s western Oregon markets. He excels at helping brokers grow their business and achieve success through innovative lead generation, business coaching and organizational development.
“The agent is the center of every business transaction and we want to help them make their numbers and be as successful as we know they can be,” says O’Rourke. “The Sotheby’s brand offers a best-in-class standard for everything we do - from marketing, advertising and leadership development to how brokers conduct their independent businesses. I’ll help bring all that together for consistency and success in these relatively new Sotheby’s markets.”
O’Rourke joins the senior leadership team of Michael Babbitt and Dori Olmsted, two premier principal brokers, in the Portland Metro / SW Washington markets.
“Deb Tebbs has built a world class organization built on the reputation of a world class brand - she promotes excellence in her agents and an enviable culture in which to thrive. I am eager to continue the momentum she has created working with agents on an individual basis,” says O’Rourke.
Cascade Sotheby's International Realty franchise owner and CEO, Deb Tebbs, was the first on the West Coast to secure a Sotheby’s International Realty franchise to launch in Central Oregon in 2006. In 2015, she was awarded the franchise for Cascade Sotheby’s International Realty brokerages in Portland, Lake Oswego, SW Washington and the Oregon Coast. Portland is the last metro market in the nation for a Sotheby’s International Realty real estate presence.
The brokerage, which surpassed $1 billion in closed sales in fourth quarter 2016, continues its drive in the metro markets building on these statistics:
- 20% growth in market share in Portland metro and SW Washington from Q1 to Q2, 2017
- Tripled sales volume in Portland Metro market from 2015 to 2016
- Average price point for CSIR agents is 33% higher than other agents in Portland and SW Washington
- Double the market share from its closest competitor in Central Oregon in total sales volume in the region for 2016
- Grown from four offices in Central Oregon to 11 offices and 240 brokers throughout Oregon and SW Washington in just 12 months; signed 65 new brokers in the Portland/SW Washington markets in one year
About Sotheby’s International Realty Affiliates LLC
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.
About Cascade Sotheby’s International Realty
Harnessing the worldwide recognition and prestige of the Sotheby’s name, Cascade Sotheby’s International Realty expertly represents the most distinctive properties at every price range. The firm's 11 strategic locations throughout Oregon and southern Washington form the most expansive luxury real estate network in the Pacific Northwest. Cascade Sotheby’s International Realty brokers are masters of their craft, combining local expertise and global connections to artfully unite extraordinary places with extraordinary lives. The firm achieved a billion dollars in sales in the first 11 months of 2016, joining only 25 Sotheby’s International Realty affiliates in the world with this distinction. Exceptional service, continual innovation, and unrivaled market knowledge continue to set Cascade Sotheby’s International Realty apart as an industry leader.
SOURCE Cascade Sotheby’s International Realty