Sotheby’s International Realty has expanded its footprint in Northern California with the acquisition of The Mitchell Group in Carmel-by-the-Sea, Calif., the company announced this week.
The Mitchell Group’s five offices, located on the Monterey Peninsula, will now operate as Sotheby’s International Realty. Sotheby’s now has seven offices in Northern California, including these five offices and two in San Francisco and on the square in Sonoma.
The Mitchell Group has 140 sales associates who accounted for more than $928 million in sales volume during the past 12 months. Sotheby’s International Realty most recently acquired three residential real estate brokerage firms with offices in Sun Valley, Idaho; Cape Cod, Mass.; and Ventura County, Calif.
Bill Mitchell, co-owner and chairman of The Mitchell Group, and his sister, Hallie Mitchell Dow, co-owner and president, will assume sales roles with the new organization. D. Kent Nelson, The Mitchell Group’s vice president and managing broker will continue in this capacity to oversee the five offices in Carmel Rancho, Carmel Valley, Pacific Grove and Carmel-by-the-Sea, for Sotheby’s Monterey Peninsula. Nelson will report to Frank Symons, executive vice president and chief operating officer for Sotheby’s California.
In Southern California, Sotheby’s International Realty has 17 offices and 850 sales associates serving the Westside of Los Angeles, Pasadena, Los Feliz, Palm Springs, Palm Desert, Malibu, Ventura County, Santa Barbara and Los Olivos. With this announcement, Sotheby’s now has more than 1,500 real estate professionals operating in 41 offices across the United States and in London.
Sotheby’s International Realty is a subsidiary of NRT, a residential real estate brokerage company with offices in more than 35 of the largest metropolitan areas. NRT is a subsidiary of Cendant Corp.
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