No Comments

Partners Trust’s Third Quarter 2017 Los Angeles Real Estate Market Report

It is our pleasure to introduce Partners Trust’s 2017 third quarter real estate market report. This quarter brought milestones for L.A. County’s real estate market and landmark events for Partners Trust.

Market Analysis

Many of L.A.’s most coveted neighborhoods experienced a jump in average sold price year-over-year, from West Hollywood to Pasadena, and most homes spent significantly fewer days on the market. In fact, Los Angeles County experienced the greatest demand in residential properties since the height of the housing market in 2007.

Creating the Ultimate California Brokerage Company

This August also set the course for a new era of Los Angeles Real Estate when Partners Trust merged with Pacific Union International. This merger followed Pacific Union’s merger with L.A.’s John Aaroe Group in December 2016; together, the three brokerages are creating the Ultimate California Brokerage Company, the largest independent real estate brokerage in California and the dominant force in the Los Angeles real estate market — all while maintaining the nimbleness of a neighborhood-focused, independent brokerage.

The new company, which plans to unite under the Pacific Union name this January 2018, is comprised of 47 offices and more than 1,450 real estate professionals in Northern and Southern California. The Southern California offices will continue to operate under their current leadership and will incorporate Pacific Union’s innovative marketing and business intelligence assets into their real estate practice.

With a host of new resources and an immense expansion of network, both statewide and globally, Partners Trust is looking forward to serving its clients better than ever before.

To access our previous real estate market reports or return to this report at a later date, please visit our Market Stats page.

No Comments

Managing Partner Sarah Kosasky to Speak at 2017 Broker Conference Expo

The 2017 California Realtor Expo, the premier tradeshow for California’s real estate industry, will take place in San Diego from October 10-12. Bringing together the best in the business—ranging from top-producing brokers to economists and tech experts—this three day event will be rife with one-of-a-kind education, networking and professional development opportunities.

On October 11, Managing and Founding Partner of Partners Trust Malibu Sarah Kosasky will be speaking at the Expo’s Broker Conference on a panel that explores the process of “Designing a Magnetic Brokerage Culture.” Sarah will discuss her experience of recruiting the right talent, leading her agents to success and forming one of L.A.’s most respected and reliable real estate teams. “The foundation of our office’s culture is support and trust.  It’s no secret that real estate is highly competitive so stress levels in the field can be high. I love healthy competition but to have a successful team, the culture within our walls must be collaborative. I have found that the office needs to provide a respite, a place for agents to come refocus, strategize with one another, freely engage in discussion, exchange new ideas, and root for one another to win.“

Hosted by the California Association of Realtors (CAR), the 2017 Broker Conference is designed to provide you with the tools you need for the brokerage you want. Attendees will gain insight into how one should lead a firm and create a culture that remains true to its values, which certainly strikes a chord with our principles at Partners Trust.

This one-day event at Expo, located at the Marriott Marquis from 9 a.m. to 6:30 p.m., will cost $99 until October 9 and $109 onsite. If you wish to register in advance, please click here.

No Comments

Partners Trust Unites with Pacific Union International

Two of California’s most reputed real estate powerhouses, Partners Trust and Pacific Union International, announced today that they will merge, creating the largest independent luxury real estate brokerage in the state of California and establishing the dominant independent force in Los Angeles — all while maintaining the nimbleness of a neighborhood-focused, independent brokerage.

Founded in San Francisco, Pacific Union is the eighth largest real estate brokerage in the U.S., with 2016 sales volume of $10.15 billion. Through its merger with Partners Trust, a leading Los Angeles-based independent luxury brokerage with more than 240 associates, the combined company is now projected to exceed $15 billion in sales in 2017.

This unprecedented merger follows the recent merging of Pacific Union with Beverly Hills-based John Aaroe Group and Pacific Union’s acquisition of The Mark Company, the premier sales and marketing firm for new luxury urban developments in the Western U.S., in 2015. The merger with Partners Trust now unites 47 offices and more than 1,400 real estate professionals in Northern and Southern California. Northern California markets, led by CEO Mark A. McLaughlin, include San Francisco, Marin, Contra Costa, Alameda, Napa, and Sonoma counties, Silicon Valley, and the Lake Tahoe region. The company will continue to serve Partners Trust’s current Los Angeles markets, including Beverly Hills, Downtown, The Westside, Malibu, Calabasas, and the San Fernando and San Gabriel Valleys.

Below, Partners Trust CEO and Co-Founder Nick Segal answers questions regarding the merger.

 

Why did Partners Trust make this decision?

This merger represented an ideal opportunity to propel our brokerage, and our entire team of partners and associates, toward greater success and production. It allows us to increase our financial strength, penetrate new markets both locally and globally, gain incredible market share in our home markets and be an innovative force, all while maintaining the nimbleness of an independent brokerage.

With Pacific Union’s exclusive real estate technology tools, fueled by Silicon Valley innovation, we’re able to deepen our marketing and technology resources with proprietary products like its Best Buyer Report and tap into their global digital advertising platform that reaches real estate investors in the leading international markets of China, India, Brazil and the U.K. Pacific Union will also make available to us the firm’s proprietary economic forecasting models as well as urban sales and marketing authority, The Mark Company, which was acquired by Pacific Union in 2015, and leads the West Coast in the sales and marketing of new, luxury high-rise residential condominium projects.

With all of this, we immediately strengthen our position as a market leader and expand our global reach. Furthermore, this family of leading real estate brokerages aligns with Partners Trust’s core vision, allowing us to better create the ideal road map for the ultimate client experience in Los Angeles.

Will decisions be made locally?

Absolutely, yes. As CEO and co-founder of Partners Trust, I will continue to guide the ship at the local level. Management and staff of the unified firms will remain the same across the board, working in tandem to ensure that our real estate professionals and clients receive access to both companies’ respective networks and best practices. Pacific Union will embrace the Partners Trust brand and leverage our company’s resources to promote it in Southern California.

Will the Partners Trust name change?

Partners Trust will continue to operate as a separate brand with its current leadership and respective offices, and will incorporate Pacific Union’s innovative marketing and business intelligence assets into its real estate practice.

The full press release may be read here.

No Comments

PT Managing Partner Sarah Kosasky Educates and Unites at CAR’s First WomanUp! Conference

PT Managing Partner Sarah Kosasky inspires day in and day out while leading her associates in Partners Trust’s Malibu office. But on Thursday, June 8, Sarah empowered a different crowd: females in real estate. Sarah spoke on a powerful panel at the California Association of Realtors’ first ever WomanUp! Conference boasting an impressive list of speakers and relevant sessions.

The conference, which was held at The Westin in Pasadena, featured a full day of career-focused women coming together, talking about and exploring the tools needed to take their business to the next level. WomanUp! has its roots in mentorship and leadership, two things that Sarah is particularly drawn to, and touched on everything from effective coaching, to building the best team, finding your mentors, and even starting your own brokerage.

Sarah, along with two other women headed a panel titled, “The Art of the Ask,” where the panel discussed strategies designed to empower women to engage in successful negotiations as well as navigate their way through challenging business discussions. “I am honored to have been asked to speak at the inaugural event,” Sarah said.

By participating in this event, Sarah was able to continue to bridge the community of female leaders in the real estate industry—and Sarah is big on community; she makes it her job to create a collaborative environment in her own office through continued education and unprecedented teamwork. As Sarah spoke on the panel, her commitment to greatness came through. She shared the importance of building relationships and how that has such a significant role in “the ask.”

As the all-day event wrapped up and successful, inspirational women within the industry moved through the ballroom, Sarah expressed her optimism for the future and how she felt the WomanUp! organization was so crucial to industry growth. “I’m especially optimistic about the mentoring relationships that will result from this event and will support future generations of female leadership.”

No Comments

Introducing Partners Trust’s 2016 Annual Report with 2017 Forecast & 4th Quarter Insights

Partners Trust’s 2016 Annual Report is an in-depth and engaging publication providing valuable insight into the Los Angeles real estate market, current market trends for residential, new development and commercial properties and forecasts for 2017. The report also includes a briefing of Partners Trust’s global business and what proved to be our most prosperous year yet — from leading sales in Santa Monica, Malibu and La Cañada Flintridge to the opening of Openhouse, our retail concept and community outpost, to our ever-growing philanthropic commitment.

Additionally, we are pleased to release our Fourth Quarter Real Estate Market Report, intended to apprise you of sales figures as well as analysis of the state of the Los Angeles real estate market in the fourth quarter of 2016.

No Comments

PT Charitable Giving Fund Donates $100K in 2016 and Names First Three 2017 Charitable Partners

Partners Trust is proud to announce $100,000 was raised for the six recipients of the PT Charitable Giving Fund in 2016, and the selection of the first three charities the Fund will be supporting this year.

The Partners Trust Charitable Giving Fund is a not-for-profit organization formed by Partners Trust with 100% participation from our associates. The fund supports charitable groups that serve LA’s disenfranchised communities and the arts through initiatives for improved health, education and housing. In 2016 the Charitable Giving Fund served The Judy Fund, Give Back Homes, One Voice, EduCare Foundation, Westside Children’s Center, and Inner-City Arts.

Every six months, another three charities are chosen as beneficiaries of the Fund. Our first selections for 2017 are incredible organizations, which support those affected by cancer.

National Breast Cancer Coalition

The National Breast Cancer Coalition is an advocacy group devoted to improving public policies surrounding research, diagnosis and treatment for breast cancer.

Cancer Support Community

Cancer Support Community provides support to millions of people affected by cancer through online and community-based centers and hospitals.

Ronald McDonald House Los Angeles

Ronald McDonald House Los Angeles provides comfort and care to ill children and their families.

We are tremendously inspired by these organizations and look forward to supporting our new charities this year. Congratulations to our 240 associates for the impact they made over the past year and their continuing commitment to supporting those in need.

 

No Comments

Partners Trust Annual Market Report

Each year has its own special qualities and 2014 was no different. It was a year of growth and change, both for Partners Trust and for the greater Los Angeles brokerage community.

Please visit the link below to review our annual report.​It speaks to the sales and market trends throughout the area as well as to the moves Partners Trust made as a company made in our ongoing efforts to continue to provide our clients with a discreet and peerless level of real estate service.

The data helps tell the story of your individual area and what is happening there, however the best way to know how this impacts your biggest investment, your home, is to schedule an appointment for a home valuation update.

Click here to download the report.

MarketReport