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Sotheby's expands into Panama

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Sotheby's International Realty Affiliates LLC, a subsidiary of Madison-based Realogy Holdings Corp., announced today it has signed an exclusive 25-year master franchise agreement with Global Realty Enterprises S.A. to develop the Sotheby's International Realty brand throughout Panama, with the opening of Panama Sotheby's International Realty in Panama City.

According to the announcement, Panama Sotheby's International Realty is owned by Rafael Alejandro Gangi, who founded Global Realty Enterprises, an established real estate company specializing in the metropolitan, mountain, beach and golf markets of Panama that will now do business as Panama Sotheby's International Realty.


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