Compass rings in New Year by poaching another Coldwell agent

The addition of veteran Beverly Hills broker Steve Frankel follows 2 big hires from Coldwell in August

TRD LOS ANGELES /
Dec.December 31, 2019 01:00 PM
Beverly Hills agent Steve Frankel (Credit: iStock)
Beverly Hills agent Steve Frankel is the latest agent to join Compass from Coldwell Banker (Credit: iStock)

Another luxury agent has left Coldwell Banker for Compass.

Steve Frankel, a 20-year Coldwell veteran, will join Compass’ Beverly Hills office, the Softbank-backed firm said Monday. Compass touted their new hire as Coldwell’s top agent in Beverly Hills by sales volume.

In July, Coldwell began consolidating its two Beverly Hills offices into one and a month later, a pair of Coldwell stars jumped to Compass. First, Chris Cortazzo and his 16-person team left, then a week later, Ginger Glass did the same. Other notable departures this year include the three-person Fran Flanagan Group — which worked primarily out of Pacific Palisades and Brentwood.

Frankel was already working with Compass on at least one luxury listing: a $25 million Bel Air mansion, which is co-listed with Aaron Kirman.

Frankel was the listing’s broker on a $9.5 million Bel Air farmhouse that closed in September and Beverly Hills estate on Tower Grove Drive that fetched $7.1 million in October.

He started at Coldwell after the brokerage acquired his previous employer, Fred Sands Realtors.

A Compass spokesman said Frankel and other agents have joined the firm because of its “platform software and its exclusive Compass Concierge program,” which fronts sellers money for renovations.

Coldwell did not return calls for comment but in a recent interview with The Real Deal, Coldwell Southern California President Jamie Duran downplayed Compass’ technology. Duran said she was “ok with being a little slower to execution and making sure that we have it done right.”


Related Articles

arrow_forward_ios
Simon Cowell and the home (Credit: Tibrina Hobson/WireImage via Getty Images, and Google Maps)

Simon Cowell’s got talent for off-market home deals

Simon Cowell’s got talent for off-market home deals
Jennifer Aniston and Brad Pitt in the old days, with the home (Credit: Kevin Winter/Getty Images)

Brad and Jen’s old Beverly Hills estate sells at big discount

Brad and Jen’s old Beverly Hills estate sells at big discount
(Realtor.com)

Spec mansions in Beverly Park, Beverly Hills sell at big discounts

Spec mansions in Beverly Park, Beverly Hills sell at big discounts
Jeff Bezos and the Beverly Hills home (Getty, Realtor)

Bezos buys Beverly Hills bungalow next to his massive mansion

Bezos buys Beverly Hills bungalow next to his massive mansion
Robert Flaxman (Getty, iStock)

Developer in college cheating scandal lists Beverly Hills properties for $38M

Developer in college cheating scandal lists Beverly Hills properties for $38M
Victorino Noval and the mountain (Credit: Michael Tullberg/Getty Images)

Feds move to seize Mountain of Beverly Hills

Feds move to seize Mountain of Beverly Hills
The Hearst mansion got an emergency federal loan (Credit: Jade Mills Estates)

Fortress Investment accuses Hearst estate owner of fraud

Fortress Investment accuses Hearst estate owner of fraud
Bernard Arnault and a map of the properties (Credit: ERIC PIERMONT/AFP via Getty Images, and Google Maps)

LVMH picks up another Beverly Hills storefront near hotel development site

LVMH picks up another Beverly Hills storefront near hotel development site
arrow_forward_ios

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

Loading...