Daniel de la Vega was named CEO of One Sotheby’s International Realty, the Miami-based brokerage firm he and his mother Mayi co-founded in 2008.
Mayi de la Vega handed off the role as part of a succession plan that’s been a long time in the making, the de la Vegas told The Real Deal. The mother-and-son duo will continue to work together, as she takes the role of executive chair. She will work closely with agents, represent the firm as a global ambassador and be involved in key developments.
“This is my life blood,” she said. “For me, the more time I have to dedicate to this company the happier I am.”
Daniel, previously president of the company, plans to expand beyond Florida, as he oversees company strategy, talent development and integrating technology to help the firm scale up.
M&A is the name of the game.
“We will be working on some acquisitions outside of Florida. Inside of Florida I see 50 percent of growth coming from agent production and the other 50 percent from mergers and acquisitions,” he said.
Daniel said he is also going to be “hyper focused on our ancillary businesses — mortgage, title, property management and lending,” which he expects to roll out in the second quarter.
One Sotheby’s, based in Miami’s Coconut Grove, is one of the highest-producing Sotheby’s International Realty affiliates with the greatest market share in Florida, according to a news release.
The Sotheby’s franchise is under the Anywhere Real Estate umbrella, which includes the Corcoran Group and Coldwell Banker brands. Anywhere recently merged with Compass in a megadeal valued at roughly $4.2 billion.
One Sotheby’s is involved in sales of nearly $10 billion, according to the company. The firm also has a new development arm, focusing on projects that include the Allen Morris Company’s Ponce Park Residences and Ziggurat condo projects; developer Michael Stern and partners’ Dolce & Gabbana-branded 888 Brickell condo tower; and Alba in West Palm Beach. 5555
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