Corcoran Global Living has acquired Discovery Bay Properties, an East Bay, California-based brokerage and former Intero franchisee with roughly 100 agents.

Corcoran Global Living (CGL) is acquiring Discovery Bay Properties, an East Bay, California-based brokerage and former Intero franchisee with roughly 100 agents, the company announced Tuesday.

Pam Liebman | Photo credit: Corcoran

With the acquisition, Corcoran’s largest and first franchisee now says it has more than 600 agents across 18 offices and combined sales of more than $3.5 billion.

“CGL is a powerhouse on the west coast, and we’re thrilled to welcome Discovery Bay Properties to the CGL family,” Pamela Liebman, Corcoran’s president and CEO, said in a statement. “CGL’s expansion will inevitably create new opportunities for our rapidly growing franchise network and our entire agent community, and the forward-thinking outlook on growth is so well-aligned with our priorities at Corcoran.”

LeeAnn and Bryan Hogge, the founders and co-owners of Discovery Bay Properties, will stay with the company and serve as partners with Corcoran Global Living. Discovery Bay Properties, based in the East Bay and Contra Costa regions of California, focused on waterfront homes in the area.

CGL was launched earlier this year, when massive indies Zephyr Real Estate in San Francisco and Oliver Luxury Real Estate in Lake Tahoe and Reno, Nevada, decide to affiliate with Corcoran, a Realogy-owned brand. In late June, the brokerage acquired Impact Real Estate in Temecula, California.

“We couldn’t be happier that Corcoran Global Living is growing even more in California,” Michael Mahon, CGL’s founder and CEO, said in a statement. “Today’s announcement again proves our overall commitment to growth in the region and growing our incredibly talented group of real estate professionals.”

The global pandemic hasn’t slowed Corcoran’s overall franchise growth. In early July, Corcoran launched Corcoran County Living, the sixth Corcoran affiliate to launch in the U.S. since the beginning of 2020 and the second to be launched virtually due to the COVID-19 pandemic.

The acquisition is the latest in a long trend of consolidation that’s hit the Bay Area in recent years, all the way back to when Intero Real Estate was acquired by HomeServices of America in 2014. More recently, Compass scooped up top Bay Area brokerages, Pacific Union International, Alain Pinel Realtors and Paragon Real Estate.

Email Patrick Kearns

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription