Los Angeles, CA – September 14, 2018
The Purchase Expands the Real Estate Firm’s Geographic Reach in La Cañada, Altadena, Sierra Madre, Monrovia, and Glendora
Luxury real estate brokerage firm Deasy Penner has agreed to purchase Podley Properties, creating a Southern California network of nearly 300 sales professionals—stretching from Malibu to Palm Springs—and estimated annual sales in excess of $1.6 billion.
“We’re honored to have this opportunity,” said Mike Deasy, Chairman of Deasy Penner. “We have been looking for both the right Westside and Eastside acquisitions for a while. Not only is Podley an exceptional brokerage, with excellent agents and a great reputation, there’s also a very positive cultural alignment between our two firms.”
Deasy Penner is a lifestyle real estate brand focused on providing superior representation to their clients, service and growth opportunities for agents, as well as the ability to connect and engage with the community.
With the recent consolidation of mega-firms, being independent and entrenched in the region has allowed Deasy Penner to further differentiate itself from the competition.
“We had the opportunity to sell to many firms, but Deasy Penner was the natural choice,” stated Bill Podley, Chairman of Podley Properties. “DPP is locally owned and operated by leaders who are technologically innovative, but more importantly, understand the value of people and community.” Podley will relinquish all executive duties and voting rights, and will remain a sales agent in the new entity.
“Real estate, like many industries, is evolving rapidly with the Internet,” said George Penner, CEO of Deasy Penner. “DPP uses a people-based platform that leverages technology, not the other way around. This allows us to reach and have a meaningful dialogue with the community and our clients at a hyper-local level. Our agents are deeply involved in approximately 150 individual community-based and philanthropic organizations, from The Canyon Charter School in Santa Monica to Pasadena Heritage in the San Gabriel Valley.”
“This acquisition allows us to capitalize on the strengths of both Deasy Penner and Podley, from marketing and design capabilities, to technology platforms and continued education opportunities for the benefit of our valued agents,” Penner added.
Adam Bray-Ali, a Manager at Podley Properties said: “Many of our agents have been desiring a Westside presence with the ability to refer clients. Deasy Penner gives that ability immediately, with an agent roster consisting of incredible depth and experience.”
About Deasy Penner
A residential brokerage firm whose founders have more than fifty years of real estate experience, Deasy Penner has represented billions of dollars in real estate transactions. The firm is internationally recognized for its creative vision, dynamic business model, and unparalleled client service. DPP currently has offices and agents in Venice, Santa Monica, West Hollywood, Silver Lake and Pasadena. Deasy Penner is looking forward to adding Podley Properties’ additional branch offices in Pasadena, La Canada, Altadena, Sierra Madre, Monrovia and Glendora. The firm is led by Mike Deasy, Chairman and George Penner, Chief Executive Officer.
Originally posted by: Victoria Koch, (424) 248-8263
Bears, deer, a lone kangaroo. Fairhaven in La Cañada Flintridge kept an exotic menagerie in residence when it was the home of Academy Award-winning actor Victor McLaglen and his wife, horsewoman Enid Lamont McLaglen. Visit LATimes.com to read the complete feature on 1219 Journeys End!
DEL MAR GARDENS | PASADENA 91107
Modern Lines | 752 – 2,196 Square Feet of Living Space | Read More
Welcome to Del Mar Gardens, Pasadena’s newest collection of 17 contemporary condominiums to call home. Its unique architectural style features clean, modern designs, understated sophistication, abundance of natural light and open floor plans to enjoy a low maintenance lifestyle. The exterior space offers a minimalist garden courtyard that is interlaced with lounge seating areas and features an outdoor fireplace to cozy up to. Its neighborhood is situated within close proximity to the best that Pasadena has to offer. Let the fun begin with exploring Victory Park, Eaton Canyon Park, The Huntington Library, The Arboretum, one of L.A.’s best Farmer’s markets and over 500 restaurants.
Priced from $399,890 to $1,268,890 | More info: DelMarGardenCondos.com
Article by Lauren Beale, originally appeared at LATimes.com
Elegant Condo Opens the Door to Pasadena’s Grove at Ambassador Gardens
Set in the manicured grounds of The Grove at Ambassador Gardens, this two-bedroom Spanish Colonial condo contains more than 2,500 square feet of living space. The use of light interior colors, warm wood tones and marble enhance the feeling of spaciousness throughout the single-story home’s elegantly appointed interiors. In addition, the views take in preserved open space.
Address: 192 S. Orange Grove Blvd. #102, Pasadena 91105
Property Website: 192SouthOrange.com
Monthly HOA fees: $819.64
Property size: 68,634 square feet
House size: 2,585 square feet, two bedrooms, three bathrooms
Features: Living room fireplace, dining area, den/office, bar, enclosed patio, gated underground garage, & four parking spaces
About the area: The median sale price for condominiums in the 91105 ZIP Code in January was $823,000 based on two sales, according to CoreLogic. That was a 37% increase compared with the same month the previous year.