Coldwell Banker Residential Brokerage in Southern California has acquired the assets of La Jolla-based Middleton Team Inc., which does business as Middleton & Associates, a boutique luxury real estate brokerage.
The acquisition strengthens Coldwell Banker Residential Brokerage’s presence in La Jolla by adding an office at 848 Prospect St., just down the road from its existing office. Peter Middleton, founder and owner of Middleton & Associates, and Middleton & Associates’ 30 independent sales associates join Coldwell Banker Residential Brokerage, which is part of NRT LLC, the nation’s largest residential real estate brokerage company.
“Peter Middleton and his team are iconic throughout La Jolla and San Diego County,” said Jamie Duran, president of Coldwell Banker Residential Brokerage in Orange County, Desert Resorts and Greater San Diego. “We’re excited to welcome them and the strength they bring with their wide variety of talents, from property development to multimillion dollar representation. Adding to an already impressive portfolio, this acquisition will have a significant impact on La Jolla’s elite real estate market.”
In the past year, Middleton & Associates completed 188 transactions totaling over $120 million in sales volume.
“I grew up in a real estate family and have seen many different brokerages operating at many different levels,” Middleton said. “I always knew that if I ever agreed to an acquisition with a larger firm that it would only be with a top brand like Coldwell Banker that operates with the same tremendous level of standards as we have prided ourselves on at Middleton & Associates.”
Justin DeCesare, CEO of Middleton & Associates added, “This acquisition comes at a great time. Every aspect of Coldwell Banker Residential Brokerage, from technology to training, is suited for today’s real estate sales associate. I’m excited as to what this means for our associates and the growth of their collective businesses.”
2651 Via De La Valle
Del Mar, CA 92014