@properties and Quad-C Management to acquire Christie's International Real Estate.

@properties, a real estate brokerage and technology firm, and Quad-C Management, a private equity firm, agreed to acquire Christie's International Real Estate from Christie's, an operator of an auction house. Financial terms were not disclosed. "@properties is one of the largest US luxury real estate companies by sales volume and a clear leader in the field. We chose to pursue this new direction for Christie's International Real Estate for two strategic reasons—first, because @properties possesses the unique resources and capabilities to invest in expanding the Christie's International Real Estate brand and its affiliate network both within the US and on a global scale; and second, because this will enable Christie's to focus our resources on the core priorities of our business in the art and luxury goods market," Ben Gore, Christie's COO.