Represented HOM Sotheby’s (“HOM”) in connection with its sale to San Diego-based Pacific Sotheby’s International Realty, thereby creating one of the world’s largest Sotheby’s franchises. Pursuant to the transaction, Pacific Sotheby’s will acquire 12 Sotheby’s International Realty offices in Orange, Riverside and Los Angeles counties, creating a chain with more than 30 offices that stretch from Long Beach to the Mexican border. Financial terms of this transaction were not disclosed. Read the press release.
HOM is in the business of residential real estate sales and services located in southern California. Pacific Sotheby’s International Realty is San Diego’s largest locally-owned and operated real estate firm.
The Newport Beach-based deal team representing HOM was led by Chris Ivey and included Jason Lee and Matthew Brodsky.