Cashin Realtors, a high-end brokerage on the Peninsula, is being acquired by Coldwell Banker for undisclosed terms, the latest in a two-decades-long string of acquisitions by the larger firm.
The deal was announced Thursday morning at a meeting with Cashin's managers and agents.
Cashin, headquartered in Menlo Park, has 270 real estate agents in seven offices in San Mateo County and did more than $1 billion in sales during the past 12 months.
It will be folded into Coldwell Banker's Northern California operations, which now include more than 3,500 sales associates in 60 offices from Monterey to Lake Tahoe.
Rick Turley, president of CB, said there are no immediate plans for any consolidation.
Emmett J. "Skip" Cashin III, who founded the Peninsula brokerage in 1995, said in a statement that Coldwell Banker's "robust marketing platform and referral network," as well its national profile, made it "the right choice."
Coldwell Banker has been acquiring Northern California brokerages since the early 1990s. Among its major acquisitions were Fox & Carskadon, TRI, Contempo, Del Monte Realty, Cornish & Carey Residential and Pacific Preferred Properties.
"The beauty of this is all of our current Coldwell Banker offices are culturally a blend of all that was great about those former companies," Turley said. "That's really what Coldwell Banker is in the Bay Area."
Cashin will continue in an advisory role with Coldwell Banker.   
Chuck Alloo, Cashin's CEO and co-founder, will continue in a senior management role.
Coldwell Banker is part of the national real estate company NRT.