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Wednesday, Feb 8, 2023

Influential Family-Owned Businesses in Los Angeles: Nourmand & Associates


Founded 40 years ago by Saeed Nourmand, Nourmand & Associates is one of the last family-owned real estate brokerages in Los Angeles. Now in its second generation, Nourmand & Associates has secured its place as a leader in the highly competitive luxury real estate space. Between economic disruptions, evolving technology and the cyclical nature of the real estate industry, Nourmand & Associates has remained successful and relevant through it all, due largely to the strong family relationships it was founded on.

Currently led by son Michael Nourmand, who stepped in as President in 2008, the company has doubled its sales volume in the last decade and will reach a projected $1 billion in sales for the first time this year. Michael has grown the firm from 75 to 175 agents, who represent some of the most knowledgeable realtors in the business. Few other companies have created as much talent as Nourmand & Associates has – a testament to the handson training and familial atmosphere the company has developed.

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