SAN FRANCISCO, CA--(Marketwire - September 29, 2010) - McGuire Real Estate has extended its regional coverage by acquiring Elmwood Realty & Investment Company, located at 2991 College Avenue in Berkeley, California.

Despite current economic challenges, Charles Moore, President and CEO of McGuire, finds that expansion opportunities still exist. Rather than stand by and weather the storm -- which hit in 2008 -- the company adjusted to the new market conditions by way of expansion. This is McGuire's fourth acquisition in two years.

"Since 1919, McGuire Real Estate has brought a unique service model, based on innovation and excellence, to the market," said Moore. "With ERI's local success now part of the McGuire family, we've strengthened our ability to provide our clients quality service throughout the Bay Area. We're truly excited about what the future holds."

McGuire is a multi-generational brokerage specializing in the marketing and sales of luxury properties throughout the Bay Area. ERI has a long and impressive track record for serving those in the Berkeley and Elmwood communities. Together, the merger will help to increase the region's visibility and desirability throughout the Bay Area. The change is also beneficial for McGuire's regional sales agents, who will now have more reach and flexibility in the area.

"Our expansion has been predicated on finding companies who complement McGuire's brand and provide increased opportunities to increase our presence in key markets throughout the Bay Area. We are a boutique company dedicated to the delivery of quality real estate services to our clients and agents," said Thomas C. Brown, COO of McGuire. "ERI not only fits our niche environment, but it strengthens our position in Berkeley and other key East Bay communities."

McGuire Real Estate, founded in 1919, has been a market leader in luxury home sales in the Bay Area for 90 years. A mid-sized, regional boutique, McGuire specializes in luxury real estate but applies the highest standards of service to properties in every price range, and to every client. Its "customer first" philosophy and local focus have proved to be a winning formula for this Bay Area real estate leader. McGuire's affiliation with Luxury Portfolio successfully connects McGuire's clients and agents to a worldwide marketplace. McGuire employs over 250 agents and operates three offices in San Francisco, three in Marin County, one in Burlingame serving the Peninsula, and two in the East Bay.

For more information visit the McGuire website at

Contact Information:

Thomas C. Brown
McGuire Real Estate
(415) 296-1000