Coldwell Banker rainmaker Stan Richman jumps to Compass

Sales manager ran No. 1-ranked Beverly Hills office

New York /
Nov.November 16, 2015 09:37 AM

In its quest to go big in California, Compass has hired Stan Richman, a veteran in Beverly Hills real estate who ran Coldwell Banker’s top-producing office nationwide.

Richman — arguably Compass’ biggest West Coast hire to date — managed the 200-agent Beverly Hills North office, which sold more than $2.1 billion worth of real estate in 2013. 

His client roster includes the composer John Williams and Bob Dylan.

At Compass, Richman will be the firm’s regional vice president and will be tasked to grow the company’s footprint on the West Coast, the firm told The Real Deal. Compass is expanding rapidly and plans to be in 15 cities across the country by mid-2016.

Valued at $800 million, the firm launched an L.A. office earlier this month, and opened with 19 agents, including Scott Segall, Douglas Elliman’s top agent in California last year; Jeeb O’Reilly, also of Elliman; and The Agency’s Ari Afshar.

In Los Angeles, the median sale price jumped eight percent to $950,000 during the third quarter, according to real estate appraisal firm Miller Samuel and Douglas Elliman. The median luxury price slipped just over 1 percent to $5.2 million.

Compass, co-founded by Ori Allon and Robert Reffkin, has raised about $125 million from investors, is headquartered in Manhattan and operates in Park Slope, Williamsburg, Miami, Boston, Bridgehampton, East Hampton and Washington D.C.

 

Related Articles

arrow_forward_ios
Ori Allon and Robert Reffkin (Getty, iStock)

Why Compass is going public now — and the obstacles it faces

Why Compass is going public now — and the obstacles it faces
Compass CEO Robert Reffkin (Getty; iStock)

Compass eyes IPO in 2021

Compass eyes IPO in 2021
Kyle Barisich (iStock)

Break a leg: Broadway actor turns Hamptons broker

Break a leg: Broadway actor turns Hamptons broker
17 Polhemus Place and 7A 2nd Place in Brooklyn (Photos via StreetEasy; Google Maps)

Park Slope townhouse sells after just 36 days on the market

Park Slope townhouse sells after just 36 days on the market
Compass CEO Robert Reffkin (Getty; iStock)

Aloha, Compass: Brokerage expands to Hawaii

Aloha, Compass: Brokerage expands to Hawaii
Compass lending service sues Nile Niami over Bel Air mansion

Compass lending service sues Nile Niami over Bel Air mansion

Compass lending service sues Nile Niami over Bel Air mansion
Connecticut sales soar in third quarter, reflecting a shift toward more space and work-from-home. (iStock)

Connecticut sales soar in third quarter

Connecticut sales soar in third quarter
From left: Compass CEO Robert Reffkin, and  Modus' Abbas Guvenilir, Jay Sim and Alex Day (Getty; Modus)

Compass expands into title and escrow with Modus deal

Compass expands into title and escrow with Modus deal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...