The merger positions City Real Estate as the second-largest independent residential real estate company in San Francisco
SAN FRANCISCO, CA – (March 16, 2023) – City Real Estate has merged with fellow residential real estate company Polaris Realty to form the second-largest independently owned real estate company in San Francisco. The company will retain City Real Estate’s name and operate out of City’s flagship office on Divisadero Street. Both City and Polaris are partnered with Side, the only real estate brokerage platform that empowers top agents and teams to create and grow their own companies.
“City will continue to provide the same exceptional service, now with greatly expanded resources for our agents and greater reach for our clients thanks to the added firepower of the wonderful team coming over from Polaris,” said David Cohen, founder of City Real Estate. “I’m incredibly excited to work with Ron Abta and his team to help even more buyers and sellers in the Bay Area achieve their real estate objectives.”
The merger positions City Real Estate not only as the second-largest independent residential real estate company in San Francisco, but also as the fastest growing; in 2022, the teams at City and Polaris combined completed 324 transactions for $541 million in volume. Although headquartered in San Francisco, City Real Estate now covers the entire Bay Area including Marin, Oakland, and parts of the Peninsula. Cohen, who has sold over $100 million in real estate each of the last four years, and has a career sales volume of over $1 billion, will maintain his position as president of the newly merged company. Founder of Polaris Realty Ron Abta, who consistently ranks in the 10 agents in San Francisco, will take on the role of vice president at City Real Estate and continue his highly successful sales business.
“We pride ourselves on being boutique even as we grow,” said Cohen. “We are a local company that deeply understands the intricacies of our San Francisco and Bay Area markets. And through our partnership with Side, we’re able to provide our agents and clients with the marketing, technology, and nationwide network of a massive firm. The pendulum is swinging away from the big-box brokerages and toward boutiques like City and the rest of our colleagues in the Side network. We know our respective markets better than any national brokerage, and because of that we are better equipped to serve our clients’ needs.”
The partnership with Side allows City Real Estate to remain on the cutting edge of the evolving real estate market while continuing to deliver first-class services to its clients. The agents are fully supported by a one-of-a-kind premium brokerage platform that provides proprietary technology, transaction management, branding and marketing services, legal support, lead generation, vendor management and more. Additionally, City Real Estate belongs to an exclusive network of top-producing Side partners nationwide.
About City Real Estate
City Real Estate is a San Francisco-based, full-service real estate firm located in the heart of the city. Founded by David Cohen, a top-producing agent with over 18 years of experience and over $1,000,000,000 in sales. City Real Estate agents combine stellar relationships within the real estate community and with their superior knowledge of the local market provide their clients with the highest level of guidance, culminating in successful transactions and happy buyers and sellers. The firm is recognized for its creative vision, dynamic business model, and unparalleled client service. For more information, visit cityrealestatesf.com.
About Polaris Realty
Polaris Realty is a boutique real estate company based in San Francisco that was founded in 2019 by top-producing agent Ron Abta. The company has now merged with and is operating under the name City Real Estate, where Abta serves as vice president.