Movers & Shakers: Compass poaches another Coldwell Banker team, JLL beefs up industrial brokerage…and more
Newmark Knight Frank also hired an industrial expert in Orange County
Compass has poached another team from Coldwell Banker, this time the Fran Flanagan Group. The move comes less than a month after Compass lured two of Coldwell’s biggest stars, Chris Cortazzo and Ginger Glass to join its ranks.
The three-person team is led by Fran Flanagan, a veteran agent who works primarily in Pacific Palisades and Brentwood. Among her biggest deals was selling Eddie Albert’s former home for $19.5 million in Pacific Palisades two years ago. Flanagan is also bringing her daughter Liz Jones and Jill Newhouse Calcaterra, who had recently joined Coldwell. The team started at Compass’ Brentwood office this week. Combined, Compass has recruited 21 agents and staff from Coldwell within the last month.
L.A.’s industrial market has remained hot, and brokerages are paying attention. Last week, JLL hired industrial specialists Rustin Mork and Danny Reaume as senior vice presidents. The team, which focuses on the San Gabriel Valley and L.A., both had served as directors for Binswanger Realty Advisory Group. At JLL, they will represent landlords and tenants, as well as advising investors and developers. They are based in the firm’s Downtown Los Angeles office.
Farther down the coast, Newmark Knight Frank tapped Troy Wooten to serve as senior managing director at the firm’s office in Newport Beach. Wooten founded BroadStreet Real Estate Group in 2010, and has served as the company’s managing principal until joining Newmark. His focus will be on sales and leasing for industrial and flex properties.