Given their present gross sales figures, the union between the groups is prone to launch them to turn into one of many high 10 mega groups within the U.S.
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Followers of Million Greenback Itemizing LA and Shopping for Beverly Hills will likely be excited to study that a few of their favourite actual property actuality TV stars are teaming as much as create a brand new drive within the luxurious actual property sector.
The Company’s Grauman Rosenfeld Group, which incorporates Shopping for Beverly Hills star Jon Grauman, and Bond Road Companions, which incorporates Million Greenback Itemizing LA alums David Parnes and James Harris, have mixed forces to create a brand new staff referred to as Bond Collective.
The staff will likely be headquartered at The Company’s Beverly Hills workplace and Lauren Grauman, present CEO of the Grauman Rosenfeld Group and spouse of Jon Grauman, will function the brand new staff’s CEO. All informed, the mixed staff could have roughly 50 brokers.
“We’re thrilled concerning the alternatives that this merger will create for our brokers and purchasers alike,” Parnes stated in an announcement. “Combining our two forces will permit us to ship extra worth than ever earlier than.”
“The synergy between our two groups goes to create a drive to be reckoned with,” Harris added. “We’ve recognized Jon, Adam and Lauren for 10 years and we now have great admiration for what they’ve constructed.”
The transfer is little question one that can make the staff a drive to be reckoned with within the luxurious sector. Mixed, Harris, Parnes, Grauman and Rosenfeld are anticipated to herald a complete of $1.4 billion in gross sales quantity this yr. The 4 brokers’ mixed profession gross sales quantity presently tops $9 billion.
With these figures, working collectively as one, they are going to be on the right track to turn into one of many high 10 mega groups within the nation. Based on RealTrends’ newest The Thousand rankings, the highest mega staff within the U.S. is presently Place, which introduced in about $3.86 billion in gross sales quantity in 2021.
Bond Road Companions was fashioned in 2012 and the Grauman Rosenfeld Group was based in 2021.
The brand new staff employed the identify “Bond Collective” to represent the sturdy relationship fashioned between the staff’s principals over time, in addition to their sturdy connection to their purchasers, brokers and workers, in keeping with an announcement.
“We couldn’t be extra excited concerning the merger of our two teams,” Grauman stated in an announcement. “James and David are two of probably the most profitable, revered brokers in our trade. We’re honored to affix forces with them.”
“This merger is extraordinarily significant to all 4 of us,” Rosenfeld added. “It’s very thrilling to consider what we are able to do collectively. Constructing a profitable enterprise is rewarding however doing it with your pals makes it way more gratifying.”
All 4 of the principal brokers have repped high-profile celebrities over the course of their careers. Harris and Parnes have represented Rihanna, Kevin Durant, Demi Lovato and extra, whereas Grauman has represented Clippers participant Luke Kennard and actress Diane Kruger, and Rosenfeld has repped Dwyane Wade and Gabrielle Union.
In different information from The Company this week, the brokerage launched its first workplace within the metaverse by its franchise in Turks and Caicos.
Electronic mail Lillian Dickerson