Urban Bay Properties has merged with McGuire Real Estate San Francisco, CA – November 5, 2008 – McGuire Real Estate and Urban Bay Properties have announced the merger of the two companies. Urban Bay Properties specializes in urban-style housing such as lofts and condominiums. Established in 2003 with offices South of Market and in Oakland’s Jack London Square, the firm has focused on new developments and home sales in San Francisco’s South of Market and South Beach districts, as well as neighborhoods in Oakland, Emeryville, and Berkeley. "This merger provides new opportunities for McGuire. With the addition of Urban Bay we are able to provide Bay Area-wide coverage with seven offices. We believe the East Bay and San Francisco’s SOMA district will be burgeoning marketplaces for McGuire. By partnering with an established marketplace leader such as Urban Bay, McGuire will be able to offer its clients an unmatched level of knowledge and experience in these developing spaces,” said Charles Moore, CEO of McGuire Real Estate. McGuire Real Estate, founded in 1919, has been a market leader in luxury home sales for nearly 90 years. This opportunity is part of a larger plan for McGuire to expand its regional presence. In the fall of 2006, McGuire opened its Noe Valley office as the first step in this expansion. This merger is the next step and enhances McGuire’s presence in San Francisco’s South of Market district, as well as the East Bay. Thomas C. Brown, CEO of Urban Bay, will assume the role of Chief Operating Officer at McGuire Real Estate, creating a unified management team for the company. "This merger provides significant opportunities for Urban Bay Properties to be able to extend its positioning in the luxury market. The combined resources of both companies allows for greater emphasis and expansion of our web presence and technology offerings for both agents and clients," said Mr. Brown.
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