Daniel de la Vega has been appointed CEO of One Sotheby’s International Realty, a Miami-based brokerage firm founded by his mother, Mayi de la Vega, in 2008. The leadership change is part of a succession plan developed over several years, according to statements made by the de la Vegas to The Real Deal.
Mayi de la Vega will remain involved with the company as executive chair. In this new role, she plans to work closely with agents, represent the firm globally, and participate in major projects. “This is my life blood,” she said. “For me, the more time I have to dedicate to this company the happier I am.”
Daniel de la Vega previously served as president and was instrumental in starting the firm. As CEO, he intends to oversee strategy, develop talent, and integrate technology for growth beyond Florida. He outlined plans for expansion through both organic growth and acquisitions: “We will be working on some acquisitions outside of Florida. Inside of Florida I see 50 percent of growth coming from agent production and the other 50 percent from mergers and acquisitions,” he said.
He also stated that there would be an increased focus on related business lines: “Daniel said he is also going to be ‘hyper focused on our ancillary businesses — mortgage, title, property management and lending,’ which he expects to roll out in the second quarter.”
One Sotheby’s operates from Miami’s Coconut Grove and ranks among the top-producing affiliates of Sotheby’s International Realty with significant market share in Florida. The company is responsible for nearly $10 billion in sales annually. It has a new development division managing projects such as Allen Morris Company’s Ponce Park Residences and Ziggurat condos; Dolce & Gabbana-branded 888 Brickell condo tower by developer Michael Stern and partners; and Alba in West Palm Beach.
The Sotheby’s franchise operates under Anywhere Real Estate, which includes brands like Corcoran Group and Coldwell Banker. Recently, Anywhere merged with Compass in a deal valued at about $4.2 billion.
