One Sotheby’s acquires Vero Beach brokerage

30-agent firm will keep its Vero Beach office

Miami /
May.May 07, 2020 05:30 PM
Bobbie Holt and Daniel de la Vega

Bobbie Holt and Daniel de la Vega

One Sotheby’s International Realty acquired Sea Turtle Real Estate, marking its further expansion outside South Florida.

Thirty agents, led by Bobbie Holt, are joining Miami-based One Sotheby’s. Holt will stay on as the managing broker. The Vero Beach brokerage will convert its office to One Sotheby’s.

Sea Turtle Real Estate will gain access to One Sotheby’s marketing, technology, training and referral network. Both firms were negotiating the deal prior to the pandemic, and closed the acquisition virtually, according to a press release.

The Vero Beach firm handled sales, rentals, corporate relocations and referrals in Indian River and St. Lucie counties.

One Sotheby’s has been acquiring firms to expand its reach. In February, One Sotheby’s closed on the acquisition of Duek Realty, a 17-agent firm focused on Brazilian buyers.

Late last year, the Sotheby’s franchise also acquired the 100-agent Treasure Coast Sotheby’s, active in the Vero Beach and Melbourne markets.

In The Real Deal’s latest ranking of residential brokerages in Miami-Dade, released in September, One Sotheby’s ranked No. 1, closing $1.46 billion in sales volume between mid-2018 and mid-2019.


Related Articles

arrow_forward_ios
Ethan and Ruthie Assouline (Getty, Assouline Team)
Assouline Team returns to Elliman after stretch at Compass
Assouline Team returns to Elliman after stretch at Compass
State Street Realty's George Pino (State Street Realty, Getty Images)
State Street Realty’s George Pino driver of boat in deadly Keys crash
State Street Realty’s George Pino driver of boat in deadly Keys crash
Wesley Geys, Brad Cozza and Errol Blumer (Cypress Equity Investments, Cozza Investment Group, Getty)
Movers & Shakers: Cypress Equity taps SVPs to lead Florida expansion
Movers & Shakers: Cypress Equity taps SVPs to lead Florida expansion
Bragi Sigurdsson (BragiMiami.com, Getty)
Bragi Sigurdsson leaves Elliman to start Side-backed firm
Bragi Sigurdsson leaves Elliman to start Side-backed firm
Jessica Chen, Daniel Castañeda, Katie Blineau, and Tim Rivers
Movers & Shakers: ISG World, Suffolk promote execs
Movers & Shakers: ISG World, Suffolk promote execs
Arno De Vos ( Arno De Vos, Getty)
Arno De Vos leaves Douglas Elliman for Cervera
Arno De Vos leaves Douglas Elliman for Cervera
Julie Jones (Getty)
Florida Luxurious Properties sues ex-partner Julie Jones over Elliman jump
Florida Luxurious Properties sues ex-partner Julie Jones over Elliman jump
Rendering of 830 Brickell office tower; Cushman & Wakefield's Brian Gale, JLL's Manny De Zárraga, Avison Young's Donna Abood, Dwntwn Realty Advisors' Tony Arellano and Stephen Rutchik. (Credit: OKO Group and Cain International, JLL, CW, Dwntwn Realty Advisors, Cushman & Wakefield, Avison Young, Getty, 830 Brickell)
Meet the commercial brokers making bank in Miami
Meet the commercial brokers making bank in Miami
arrow_forward_ios

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

Loading...