SAN DIEGO (June 17, 2013) — Southern California real estate powerhouse Prudential California Realty, one of the nation’s largest residential brokerages, has added one of the world’s top-selling real estate groups, the McMonigle Team, to its growing Orange County team. Headed by John McMonigle, the McMonigle Team will be based in Prudential’s Newport Beach office.
“For years, the McMonigle brand has been synonymous with top performing luxury-home sales – here and around the globe,” said David M. Cabot, president and chief executive officer at Prudential California Realty. “The McMonigle Team’s extensive experience in selling luxury real estate in some of the most desirable Orange County communities is a great enhancement to our group of high-performing agents in this area.”
Having represented the sale of more than $4 billion in luxury homes over the past ten years, the McMonigle Team is a world leader in the real estate industry. The team currently holds the record for sales of a single residential property in Orange County at just under $40 million. Well-known as one of the country’s leading real estate experts, John was featured on an episode of The Oprah Winfrey Show in 2009, where he discussed Orange County real estate trends. John and his team will be based in Newport Beach, but will continue to represent clients throughout Orange County. The McMonigle Team also has representatives in the Los Angeles area.
“The addition of the McMonigle Team immediately increases our growing market share in Orange County,” said Leeann Iacino, chief operating office at Prudential California Realty. “This is an exciting time for luxury real estate home sales in Orange County, and the McMonigle Team will be an integral part of continuing our growth.”
With over 3,200 sales associates in more than 62 offices across Southern California and the Central Coast, Prudential California Realty is one of the top five brokerages in the nation. In 2012, agents of the firm, one of the largest companies in the Prudential Real Estate International network, closed nearly $11 billion in sales volume and well over 14,000 transactions. Prudential California Realty is proud to be a member of HomeServices of America Inc., a Berkshire Hathaway affiliate.