Steve Lewis launches new boutique brokerage ‘Core’ in Beverly Hills

Core will specialize in luxury residential and commercial property, covering mainly the Los Angeles Westside property markets. Lewis and Core have signed over 30 agents in 30 days, including senior agents from the Pacific Union LA branch.

Purplebricks announces plans to launch on the East Coast

After making its U.S. debut in Los Angeles last year, U.K. hybrid brokerage Purplebricks today announced plans to set up shop on the East Coast by the end of June to service select counties across New York, New Jersey and Connecticut …

2017 will go down as a big year for real estate M&A

We projected 2017 would be a “good, but not great year” for merger and acquisition (M&A) activity in the real estate space, and what unfolded was quite significant, including the biggest brokerage acquisition in decades, an ongoing fight for California market share and a busy stint for large regional independent firms …

How to digest a big acquisition: HomeSmart’s top leaders spill the beans

At the end of May, a group of around 400 agents gathered at the Mile High Station, an attractive Denver party venue, as HomeSmart International announced the acquisition of Denver-based Cherry Creek Properties. It marked the culmination of a relationsh…

How to merge your real estate brokerage without regrets

The merger-and-acquisition path is littered with casualties. Ryan Abbe, managing director of San Francisco-based M&A adviser and real estate investment banking group JMP Securities, says that’s because the little guys can “die in these big organizations,” and giants often find it difficult to embrace smaller firms …

Homeownering.com aims to level the playing field for female homebuyers

When Nicole Hamilton created Homeownering.com, the serial homeowner and tech entrepreneur had steam coming out of her ears over a real estate and mortgage industry paradox …

The rise of the next-generation 100% commission brokerage

Those hoping that the next generation of 100-percent commission brokerages would just die a death may want to see a therapist about their denial. These thick-skinned companies are alive and well, and the tenacious breed of broker-owners who run them ha…