Sotheby’s International Realty brings ONE, TTR under company-owned brokerage

Article SummarySotheby’s International Realty, Inc. acquired 2 large affiliates, ONE Sotheby’s International Realty and TTR Sotheby’s International Realty. The acquisitions add company-owned coverage in Florida’s east coast, Princeton and Lambertville and the Washington, D.C. region and keep existing leadership teams. AI Summary Sotheby’s International Realty, Inc. acquired ONE Sotheby’s International Realty and TTR Sotheby’s International Realty, bringing two of its largest affiliates under its company-owned brokerage, the company announced on Wednesday. Financial terms of the transactions were not disclosed. The deal adds company-owned coverage along Florida’s east coast, in Princeton and Lambertville, New Jersey, and across the Washington, D.C., metropolitan area, according to the announcement. Those regions join existing company-owned operations in New York City, Los Angeles, Houston, Denver and Park City, Utah. The move fits Sotheby’s International Realty’s dual strategy of operating company-owned brokerages in core luxury hubs while maintaining a broader network of independently owned and operated affiliates worldwide. The brand, founded in 1976 as a real estate service for S...