Coldwell Banker Residential Brokerage in Southern California has acquired the assets of Middleton Team Inc. in La Jolla, which does business as Middleton & Associates, a boutique luxury real estate brokerage.
The acquisition strengthens Coldwell Banker Residential Brokerage’s presence in town by adding an office at 848 Prospect St., just down the road from its existing office. Peter Middleton and Middleton & Associates’ 30 independent sales associates are being welcomed to 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 multi-million dollar representation. Adding to an already impressive portfolio, this acquisition will have a significant impact on La Jolla’s elite real estate market.”
Middleton & Associates has made a name for itself by quickly becoming one of the top five La Jolla brokerages since opening in 2010. In the past year, the brokerage completed 188 transactions totaling over $120 million in sales volume.
“The agents who have been with us for years are like family to me, and I couldn’t be more proud of the growth and accomplishments we have achieved together,” said Peter Middleton, founder and owner of Middleton & Associates. “I grew up in a real estate family and have seen many different brokerages operating at many different levels. 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.”
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