California real estate shakeup: Merger will create state’s largest independent brokerage

In a move that will create the state of California’s largest independent real estate brokerage, Pacific Union International and Partners Trust announced plans to merge. According to a release from the companies, the combined firm creates the largest independent luxury real estate brokerage in California, with 2016 sales volume of $12.61 billion and projected 2017 sales volume of more than $15 billion.

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