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

Sotheby's International Realty Inc.

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

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.

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Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...