Irvine, CA-based international property listings platform, GlobalListings.com, which has over 2.1 million real estate listings posted per month from over 125 countries, has recently entered an agreement to buy The World Property Journal, a Miami-based digital real estate news company for $33 million.
As part of the terms of the acquisition, The World Property Journal will also license and provide correlated local real estate news and market data content (on a worldwide basis for the top 500 cities of the world) that will be cleanly integrated against every individual property listing on GlobalListings.com platform.
Global Listings founder and CEO Michael Gerrity commented, “We are extremely excited to announce the purchase and merger of the world’s top International real estate news site with GlobalListings.com, the world’s top-ranked international real estate listings site. By combining both company’s real estate Listings, and correlated real estate market News and Data on a single screen, we have in effect now become a ‘Bloomberg Terminal’ of the global real estate marketplace. The synergistic merger of these two companies represents an equation of 2 + 2 = 5.”
Global Listings plans on making Miami, FL the combined company's future global headquarters city, growing the local staff starting in early 2019. The staff at the Irvine, CA office will stay.
SOURCE Global Listings
Edited by V. Haviland
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