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Compass Acquires Paragon Real Estate Group

Jul 9, 2018 3:17:17 PM

Compass is now the #1 real estate company by market share in San Francisco

REAL Trends is honored to have represented Paragon Real Estate Group in their transaction with Compass which was announced earlier today.  This large brokerage acquisition is a maiden voyage for both Paragon Real Estate Group and Compass and marks an exciting change in the landscape of residential real estate. With Paragon’s strong presence and reputation in the San Francisco market, the collaboration between the two companies will create a powerhouse to serve the Bay Area and its residents. REAL Trends is looking forward to seeing what this new partnership will achieve.

RELATED: Robert Reffkin, Compass CEO & Founder to Attend REAL Trends DealMAKERS Conference

Compass, the real estate technology company, today announced it has acquired Paragon, a brokerage firm serving the San Francisco Bay Area. With the addition of Paragon, Compass’ Bay Area team has grown to more than 500 agents representing more than $4.5 billion in sales volume last year. Compass is now the number one real estate company in San Francisco by sales volume and market share.

Paragon, founded in 2004 by Bob Dadurka, Anita Head, George McNabb and Sally Stull has been a top four residential brokerage in the Bay Area. Paragon has grown to support their real estate clients across eight offices in San Francisco, North Bay, and East Bay. Their deep commitment to professionalism and client service make them an ideal strategic and cultural fit for Compass.

“As we began to look for ways to expand in San Francisco, the opportunity to pair Paragon and their agents’ expertise and close community ties across the entire Bay Area with the technology, marketing and support we provide to our agents at Compass, was an ideal one. I look forward to growing our agent-centric real estate company alongside Bob and the Paragon team.”

- Ori Allon, Founder & Executive Chairman

“Compass’ focus on arming their agents with world-class technology and support resonates with our commitment to continue providing outstanding service and advice to our clients,” said Bob Dadkura, CEO of Paragon. “Joining Compass’ impressive San Francisco team and national network of luxury brokers opens an array of new opportunities for our agents, and the chance to be a part of the future of the real estate industry in San Francisco and beyond.”

Compass committed to opening in the top 20 cities in the United States and expanding to 100 new offices this year. In addition to San Francisco, Compass currently has a presence in New York City, San Francisco, Los Angeles, Orange County, San Diego, Chicago, Boston, Seattle, Washington, D.C., Dallas, Philadelphia, Aspen, The Hamptons, Miami, Philadelphia, Westchester, Greenwich, Naples, Santa Barbara and Marin.

Paragon currently sits at #89 on the REAL Trends 500 by sales volume. Compass broke the top 10 by sales volume and top 50 by transaction sides.

 

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