LRE® Press Releases

December 5, 2013

Teles Properties Opens Lounge Office in Carmel, Marking Foray into California’s Central Coast

Posted by Jeff Perlman

BEVERLY HILLS — Teles Properties today announced the opening of a “lounge concept” office in Carmel, extending the Southern California-­based firm’s presence into the ultra-­affluent Monterey Peninsula.

The new office, to be located at 26135 Carmel Rancho Boulevard, will cater to clients in exclusive towns like Carmel, Pebble Beach, Big Sur, and the rest of the Central Coast. The facility will offer clients full-service operations with state-­of-­the-­art technology. That “boutique experience” will provide access to local Teles listings, as well as the entire Teles Properties client base and the international network of luxury homes and estates.

Teles agents in those new locations will have access to unprecedented tools and technologies, including marketing, research, transaction and administrative support; full access to the Teles Marketing Studio with ad agency quality artwork; signature 48-­hour Integrated Listing Launch Process; research and analytics expert for market research and valuation analysis; fully integrated listing coordination, marketing and design support; dedicated in-­house transaction coordination support; and access to Teles University’s coaching and professional development.

“This expansion into exclusive Monterey Peninsula provides us with an opportunity to bring the Teles brand northward to the Central Coast explains Teles Properties CEO Peter H. Loewy. “It also marks the next tactical step in our methodical, strategic growth within California’s most affluent markets.”

Teles growth throughout California began last year, as the firm expanded its Newport Beach location, and opened its first “Lounge” concept office in Laguna Beach. Through its office in Monrovia, Teles services San Gabriel Valley clients in Altadena, Pasadena, Arcadia, Monrovia, and San Marino. In October, the firm opened lounges in Playa Del Ray and Venice, and moved its Beverly Hills office to a more expansive location at the Golden Triangle on Wilshire Boulevard.

This summer, Teles Properties was named as the fastest-growing real estate brokerage in California, according to Inc. magazine’s seventh annual 500/5000 exclusive ranking of the nation’s fastest-­growing private companies. Most recently, Teles Properties earned the 27th position in the Los Angeles Business Journal’s annual list of the fastest growing private companies.

Further exemplifying its rapid growth, Teles Properties posted $1.7 billion in sales in 2012, with more than $1.2 billion to-­date this year, as well as three-­year revenue gains of 303 percent. Since its inception in 2007, the firm has also registered:

• 152 percent annual sales volume growth for the past five years (2007 to 2012)
• 85 percent annual increase in new agents joining firm
• Highest sales-­price-­to-­list-­price (96 percent) in competitive peer group

• Lowest days-­on-­market (54) in competitive peer group

About Teles Properties

Headquartered in Beverly Hills with other locations primarily serving the high-­end markets of Southern California, Teles brings together the most successful agents in each of its locations and provides them with an unparalleled platform to address every aspect of a real estate transaction. In addition to offices in Beverly Hills, Brentwood, Laguna Beach, Montecito, Newport Beach and Pasadena, Montecito, Playa Del Rey, Venice and Monrovia, Teles' Global Division links international investors to properties in the US and around the globe. Visit www.telesproperties.com Media Contact: Jeff Perlman Brandware Public Relations 818-598-1115/818-317-3070 jperlman@brandwarepr.com.