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Ashleigh Fryer, Senior Editor
2:31 pm PDT July 21, 2014

On Thursday, July 17, Partners Trust Real Estate Brokerage & Acquisitions announced the acquisition of Areté Estates, a Malibu-based luxury real estate firm.  

Areté Estates Malibu headquarters, located at the corner of Pacific Coast Highway and Heathercliff Road, will rebrand as Partners Trust and serve as their sixth location in the greater Los Angeles area.

Richard Stearns, Partners Trust co-founder and associate modeled the acquisition after an earlier business move the agency made into Pasadena via another boutique firm.