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.
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- Martha Turner Properties
Photo still from virtual tour of Karpas Properties office: TK Images