Matthews Real Estate Investment Services is getting a new home.
The company is moving its corporate headquarters from El Segundo to Nashville, the company announced on July 6.
Matthews Real Estate, which has grown to more than 400 employees, was founded in El Segundo in 2015.
The company said the move to Nashville would allow the brokerage to strengthen its presence in the Southeast and grow the company.
Matthews also named Phoenix as its operations and technology hub, creating its National Operations Center in the city.
The Nahsville location is at 1600 West End Ave., while the Phoenix location is at 4110 North Scottsdale Rd.
Kyle Matthews, the company’s chief executive, and Raddie Zlatkov, the company’s chief financial officer, are based in Nashville. Duerk Brewer, the company’s chief operations officer, and Sean Clancy, Matthews’ chief technology officer, work from Phoneix.
“Both of these offices offer critical support functions to our agent and clients across the country,” Brewer said in a statement. “The Phoenix and Nashville markets are experiencing tremendous growth, giving us access to a robust workforce and allowing faster development in key business regions.”
Matthews added that the move would benefit all areas of the company’s business.
“In addition to being exciting commercial real estate markets, both Phoenix and Nashville have become destinations for the talented professionals we are targeting as we build out our corporate divisions,” Matthews said in a statement. “We anticipate even greater job satisfaction amongst our dedicated teammates due to the exciting growth, more affordable cost of living, and business culture alignment these markets provide. This move will only contribute to our success as we execute at a higher level through better collaboration and resources, ultimately providing better service to our clients.”
The company is not leaving L.A. altogether, though.
“While California continues to be a large part of our business, as a company, it was time to relocate our headquarters to markets that were more conducive to attracting and maintaining top talent,” Matthews said in a statement.
Matthews Real Estate Investment Services isn’t the only brokerage to leave its L.A. headquarters. In late 2020, CBRE Group Inc. announced that it would move its headquarters from downtown to Dallas. The move has since happened.
CBRE has California roots dating back more than 100 years, to when it was founded, in 1906, in San Francisco.
The headquarters move did not impact a large number of jobs.
