RISMEDIA, September 16, 2009—Christie’s Great Estates announced that Pacific Union International, Inc. has been awarded exclusive status as the only Christie’s affiliate in the San Francisco Bay Area. Pacific Union International is the new entity formed from the recent acquisition of Pacific Union Real Estate by Mark A. McLaughlin of Morgan Lane Marin, Inc. Morgan Lane in Marin and Pacific Union in greater San Francisco will continue to operate under their existing names. Both will be entitled to market their properties under the Christie’s brand, recognized and respected worldwide, and provide their clients with the international programs and services of Christie’s Great Estates. Under previous ownership, Pacific Union has been a Christie’s Great Estates affiliate since 2005.
The combination of these two longstanding brands creates a locally owned and operated powerhouse in the Northern California marketplace. The two entities have a total of 17 offices, more than 430 real estate professionals and 2009 sales volume projected to be $2.2 billion.
“Extending the affiliation to Pacific Union International, Inc. will be seamless,” said Kay Coughlin, President of Christie’s Great Estates. “Morgan Lane and Pacific Union share the highest standards of professionalism, unrivalled expertise in the luxury market, and strong core values of exceptional client service. The consolidated new company will be a tremendous addition to our international luxury network.”
For more information, visit www.christiesgreatestates.com.