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Saturday, Sep 23, 2023

Equity Union Buys Asset In Expansion

Sherman Oaks-based real estate firm Equity Union, which touts itself as the fastest-growing real estate company in Southern California, has expanded once again. The brokerage’s recent purchase of a 14,650-square-foot commercial building in Westlake Village represents the company’s 11th location and unveils a new territory for its agents located within the Conejo Valley.

The building, located at 4353 Park Terrace Drive, is a mixed-use office and medical space. Equity Union moved in last week, officially making its Westlake Village debut, an area that had been on the company’s mind for quite some time now.

“As someone that has sold real estate for many years, I understand when agents need more support from their brokerage, and it’s now,” Harma Hartouni, founder and chief executive of Equity Union, said in a statement. “Westlake Village has always been a market that we’ve wanted to grow our relationships in. Many of our agents already live and work in the Conejo Valley, so it’s always been on our radar of expansion. The support from the realtor community here has been overwhelming and it’s an exciting time to be able to grow our company together with them.”

Of the nearly 15,000 square feet Equity acquired, 8,000 has been dedicated to the company’s new Westlake workplace. Amenities include 18 private offices, 18 additional desk spaces for agents’ individual use, conference rooms, a large training room and additional shared desk space for agents on the move. The remaining space will be leased. According to Equity, the space fits all its needs and required only minimal interior improvements.

Equity Union, which was founded 18 months ago, opened eight office locations and recorded $2 billion in sales in its first year. The company has more than 650 licensed agents and brokers, and plans to open more locations soon.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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