Everything’s bigger in Texas, including the brokerage wars. Douglas Elliman just acquired residential brokerage John Daugherty Realtors in Houston, Texas for an undisclosed price, according to the Houston Chronicle. Founded in 1967, John Daugherty Realtors has 125 agents with a focus on luxury sales. It claimed $1.1 billion in sales volume in 2018, ranking No. 7 in the market, according to data from Real Trends. The deal is expected to close in January. New York-based
source https://therealdeal.com/2019/12/23/douglas-elliman-buys-houston-luxury-brokerage-john-daugherty-realtors/
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