Karpas Folds into Martha Turner

Offices of Karpas Properties, 3355 W. Alabama, Houston

It’s gonna get kinda lonely soon at the Karpas Properties offices on W. Alabama. Owner Hedley Karpas has sold his company to Martha Turner Properties, leaving a few agents and employees to scramble for new homes.

Karpas told his 60 employees — including more than 40 agents — about the sale Tuesday morning. The terms of the deal were not disclosed.

Karpas told the Chronicle‘s Nancy Sarnoff that he’ll become a broker associate at Martha Turner Properties. But he won’t be bringing many people with him:

Turner said she will be interviewing about a dozen Karpas agents and retain a “select few.”

Ouch. According to Sarnoff, Karpas’s office will close at the end of this month, though agents will continue to work with existing clients.

Photo still from virtual tour of Karpas Properties office: TK Images