Fox & Carskadon Buys Realtor Firm

The Northern California residential brokerage operations of Grubb & Ellis Co. were acquired by Fox & Carskadon-Better Homes and Gardens in a deal announced Friday.

Financial terms of the transaction, which included the sale of 13 real estate offices located throughout Northern California, were not disclosed.

Most of the approximately 400 employees of Grubb & Ellis’ northwest region residential brokerage will continue to be employed by Fox & Carskadon.

The acquisition brings to 35 the number of residential brokerage offices owned by Fox & Carskadon, and the number of real estate agents to 1,400.

As part of the deal, Grubb & Ellis Mortgage Services will have the exclusive right to provide mortgage brokerage to Fox & Carskadon offices, including those just acquired from Grubb & Ellis.