From left: Robert Reffkin, Steve Sawaii, Ron Wynn, Fiora Aston and Ori Allon Compass is acquiring the 22-agent WSA Real Estate team — adding to a string of acquisitions part of the brokerage’s expansion in Los Angeles. The deal for the WSA team — led by partners Ron Wynn, Steve Sawaii, and Fiora Aston — […]
Strings attached: How resi firms claw back commissions to fend off poaching
Firms are now aggressively enforcing clawbacks.(Credit: iStock) For the 200-person boutique firm CORE Real Estate, losing 35 agents to Compass last year was a body blow. As it hemorrhaged agents, CORE updated its agent policy manual — reflecting the new steps it would take to prevent agents from leaving and taking their listings with them. […]
National Cheat Sheet: Zillow sues Compass, Felix Sater speaks out after Mueller Report release … & more
Clockwise from top left: Lawsuit filed by Zillow claims Compass poached tech staffers, stole trade secrets, REITs plan to push back amid rent control measures that could hurt them, Felix Sater speaks out after the Mueller Report names him more than 100 times, and March sees increase in new home sales, drop in existing home […]
The top luxury brokers in LA – ranked by sales volume
(Illustration by Isabel Espanol) UPDATED April 18, 1:23 p.m.: There’s been a lot of chatter about housing prices nearing the edge of a cliff, a bubble about to burst, an impending market crash. But — perhaps unsurprisingly — that’s not how the luxury brokers in Los Angeles see it. Yes, the market is leveling a […]
Movers & Shakers: Loren Judd joins Hilton & Hyland, Compass continues poaching from the Agency.. and more
Don Heller and Loren Judd Loren Judd has left his 15-year stint at Coldwell Banker to join Hilton & Hyland. Judd had been working as a manager at the firm’s Beverly Hills North office for the last five years. In his new role, he’ll be working as an agent again. Previously, he worked at Westside […]
Compass Commercial has done just “a handful of deals” since its launch
Adelaide Polsinelli and Robin Abrams of Compass with the Compass Global Headquarters at 90 Fifth Avenue (Credit: Google Maps) Nine months after launch, Compass’ commercial division is yet to make its mark on the New York commercial market. Instead, the brokerage says it is spending 2019 “listening to” its commercial agents before charting out the […]