Engel & Völkers Miami acquires Coral Gables brokerage

DASH agents are now working out of Engel & Völkers' Merrick Park office

Miami /
Jul.July 18, 2018 01:30 PM

Raul Estrada and Adrian Salgado

Engel & Völkers Miami just closed on the acquisition of DASH, a boutique brokerage in Coral Gables.

The eight-agent company, led by Raul Estrada and Adrian Salgado, known as the “Gables Mavens,” moved into the Engel & Völkers office at 300 Altara Avenue, near the Shops at Merrick Park. The group closed $130 million in sales volume over the past five years, said Alexandra Elfmont, executive vice president of Engel & Völkers Miami.

Estrada’s experience includes assembling a team of agents to manage, list and sell real estate owned (REO) properties, and Salgado spent four years working for Miami-Dade County’s department of property appraisal, according to a press release.

Elfmont declined to disclose terms of the acquisition. In recent months, ISG Realty, Compass, the Keyes Company and other brokerages have been acquiring smaller firms in South Florida due to thinning profit margins and increased competition. 

Engel & Völkers has doubled its sales volume and listing inventory over the past six months, according to a press release. About a year ago, Lourdes Alatriste returned to the brokerage as a partner and private office adviser. A few months later, Elfmont left Cervera Real Estate, where she was vice president of marketing for the brokerage’s development division, to oversee strategy, sales management, business development, recruitment and retention at Engel & Völkers Miami.


Related Articles

arrow_forward_ios
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Fadia Bassi and Tyler Reynolds (Getty)
Movers & Shakers: Cushman taps former JLL vice president as managing director & more
Movers & Shakers: Cushman taps former JLL vice president as managing director & more
The Coral Gables office building (United Dream Real Estate, Getty)
Dental clinic buys distressed Coral Gables office building for $7M
Dental clinic buys distressed Coral Gables office building for $7M
Verzasca brings on Compass to sell out remaining units at Sunny Isles condo tower
Russian developer taps Compass to take over sales of Aurora condo tower in Sunny Isles
Russian developer taps Compass to take over sales of Aurora condo tower in Sunny Isles
David Hammond, CEO of Opulence and Tomi Rose
Judge rules Tomi Rose must pay back nearly $77K to her former brokerage Opulence
Judge rules Tomi Rose must pay back nearly $77K to her former brokerage Opulence
David Abrams with 45 Northeast 41st Street (left) and 1212 Lincoln Road in Miami (masonre)
Former Newmark broker launches commercial real estate brokerage in Miami, NYC
Former Newmark broker launches commercial real estate brokerage in Miami, NYC
Stephen Bittel of Terranova and 300 Miracle Mile 
Stephen Bittel’s Terranova buys corner property on Miracle Mile in Coral Gables
Stephen Bittel’s Terranova buys corner property on Miracle Mile in Coral Gables
4884 Southwest 88th Street, Coral Gables with Nyssa and William Kourakos (Google Maps, Getty)
Quirch Foods owner sells Coral Gables home for $6M
Quirch Foods owner sells Coral Gables home for $6M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...