Villa Real Estate

First of many?

A luxury real estate brokerage that handled some of Orange County’s biggest and most iconic home sales has shut down, becoming one of the first casualties of a market slowdown that’s likely to continue reverberating throughout the industry.

Villa Real Estate, which generated at least $2.6 billion in sales over the past two years, closed all three of its offices in Newport Beach and Laguna Beach, leaving 125 agents scrambling to find a new brokerage.

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