Pacific Union GMAC Real Estate (www.pacunion.com), one of Northern California’s leading luxury real estate brands is being acquired by the principals of Morgan Lane Marin, Inc. (www.morganlanemarin.com), a fast-growing boutique real estate firm with operations in Marin county. The sale is expected to close in August.
Bucking the odds in a highly volatile, recession-stymied real estate market, Morgan Lane Marin has grown meteorically, from just $52 million in sales in 2006 to $315 million in 2008.
Combined, the two entities will have 17 offices, more than 430 real estate professionals and 2009 sales volume projected to be $2.2 billion, according to Mark A. McLaughlin, CEO of Morgan Lane.
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