Business

Sotheby’s Enters Houston Real Estate Market With Martha Turner Purchase

Sotheby's International Realty has acquired Houston real estate brokerage Martha Turner Properties for an undisclosed sum.

Listen

To embed this piece of audio in your site, please use this code:

<iframe src="https://embed.hpm.io/89675/48573" style="height: 115px; width: 100%;"></iframe>
X

The deal comes as Martha Turner Properties finishes out the strongest year in the firm’s history, with more than $2 billion in closed sales. Founder Martha Turner and her business partner, Tom Anderson, will remain as co-presidents of the new company.

The brokerage will have access to Sotheby’s global network and marketing resources. But Turner says the change will have little effect on the firm’s Houston workforce.

“Sotheby’s knows that they like to have the local people leading the local company. That doesn’t mean we’re not going to call on them for lots of advice and head-huddle over a lot of things with new opportunities. But for our agents, the day-to-day practice will still be the same.”

The renamed Martha Turner Sotheby’s International Realty employs more than 200 associates in six offices across Greater Houston.

Subscribe to Today in Houston

Fill out the form below to subscribe our new daily editorial newsletter from the HPM Newsroom.

* required

Share

Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media’s business reporter, covering the oil...

More Information