Yesterday’s scoop via a plugged-in Charlie Moore (CEO of McGuire):
I wanted to personally give you the official word that McGuire and Urban Bay are merging. The companies have been in discussion for well over a year, and both felt there were strong benefits to joining forces: McGuire has strong traditions and is well-established in north of Market neighborhoods, while the Urban Bay brings more of a “hip” brand to the South of Market neighborhoods. What’s more, McGuire has offices in Burlingame and Mill Valley, and Urban Bay has a presence in Oakland’s Jack London Square.
And via an “Insider”:
For now UBP will retain current branding but will change color schemes to match the new McGuire coloring. Tom Brown becomes COO of McGuire. No news on closing of the McGuire Davis Street office or the UPB Bluxome street office.
Cheers. And as always, thank you for plugging in.
∙ RandomRumors: McGuire Real Estate/Urban Bay Properties In Talks [SocketSite]