Pacific Union Joins Compass
August 29, 2018 | Source: Compass California Real Estate Blog
Pacific Union is pleased to share the news that our firm has joined Compass, a real estate technology company that operates in more than 30 regions throughout the U.S.
REAL Trends currently ranks Pacific Union as the No. 5 residential real estate brokerage in America and the No. 1 independent brokerage in California based on 2017 sales volume of $14.1 billion. With the addition of Pacific Union, Compass’ national team will grow to over 6,400 real estate professionals representing $28 billion in sales volume in 2017.
Pacific Union was founded in 1975 and acquired by CEO Mark A. McLaughlin in 2009. The San Francisco-based brokerage has more than 50 offices and nearly 1,700 real estate professionals throughout California. Pacific Union’s deep commitment to professionalism and client service make it an ideal strategic and cultural fit for Compass.
“In recent years, agents and brokerage firms have been reacting to the world others are attempting to create,” Compass CEO Robert Reffkin says. “I believe the combination of Compass and Pacific Union will be a definitive step in building a company that can ensure the future of real estate is driven by the vision and aspirations of agents.”
“We have worked alongside our agents to create powerful technology that helps them grow their business and are excited to scale that to new agents everywhere,” Compass Founder and Executive Chairman Ori Allon notes.
“This is an exciting time as we embark on this partnership with Compass,” McLaughlin says. “” look forward to working alongside the Compass team to continue to improve the lives and businesses of our real estate professionals.”
Compass committed to opening in the top 20 cities in the United States and expanding to over 65 new offices this year. In addition to San Francisco and Los Angeles, Compass currently has a presence in New York City, Orange County, San Diego, Chicago, Boston, Atlanta, Seattle, Washington, D.C., Dallas, Philadelphia, Aspen, The Hamptons, Miami, Philadelphia, Westchester, Greenwich, Naples, Santa Barbara, and Marin County.