Lyon Real Estate Expanding to Keep up With Housing Growth
A large home brokerage plans a big expansion to keep up with the growing population.
Thursday, November 4, 2004
Lyon Real Estate says it hopes to open eight more offices over the next two years, and will add 1,200 agents as it expands into San Joaquin and Solano counties. Already the largest home brokerage actually based in the Sacramento region, it has 800 agents now. Lyon wants to stay competitive with Coldwell Banker and other national brokerages active in the area. CEO Mike Lyon announced an ambitious expansion two years ago, but training, office constraints and other issues have slowed Lyon’s growth … so he’s pushing again. New target communities include Tracy, Vacaville, Dixon and Woodland. Company sales were $2.8 billion last year.