Christie’s International Real Estate has brought on G. Scott Hurlock in a new role to lead partnerships and mergers at the luxury brand, as brokerage consolidations are setting a tone across the industry.
Hurlock is joining as senior vice president of strategic growth, the firm said Wednesday. Hurlock was most recently the senior vice president of expansion at Engel & Völkers.
Hurlock will develop new partnerships for Christie’s International Real Estate and find opportunities for expansion, mergers and acquisitions, the firm said in a news release.
The move comes amid a growing trend of brokerage consolidation, with top brokerages pushing for mergers and acquisitions to grow their market share.
Christie’s International Real Estate was previously owned by Chicago-based @properties before both were acquired by Compass last year in a $444 million deal. The acquisition gave Compass a lion’s share of the Chicago market.
That’s not the only consolidation to shape the Chicago brokerage scene recently.
Baird & Warner acquired Dream Town in June, growing the independent firm to the second-largest in Chicago by volume.
Hurlock led expansion efforts at Engel & Völkers, including the 2023 merger that brought California’s Dilbeck Real Estate under the Engel & Völkers brand. British private equity firm Permira bought a majority stake in Engel & Völkers in 2021, with an eye toward expanding its tech services. In 2023, the firm’s commercial arm in Berlin acquired proptech company REO/offmade to expand its technology services.
@properties acquired Christie’s International Real Estate in a “long-term global brand license agreement” in 2021, soon rebranding as @properties Christie’s International Real Estate. In the merger, Christie’s 900 global affiliate offices came under the umbrella of @properties. Shortly after the acquisition, @properties sold Christie’s New York City brokerage to Brown Harris Stevens and cut ties with Berkshire Hathaway HomeServices’ Long & Foster and Harry Norman.
@properties and Christie’s International Real Estate are now operated as separate brands under Compass, a Christie’s spokesperson said. o;l