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Hilton & Hyland’s 18K sf office space hits rental market

Listing comes as brokerage’s headcount sits at 40 agents, brokers, down from high of over 100

Lori Hyland with 257 North Canon Drive (Getty, Google Maps)
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Key Points

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  • Hilton & Hyland's second-floor office at 257 North Canon Drive in Beverly Hills is available for lease, amid a significant reduction in the brokerage's agent headcount.
  • The firm, which had over 100 agents in 2018 when it moved to the current location, now has only 40 agents and broker associates.
  • This decline follows an exodus of talent, including high-profile departures like Drew Fenton to start Carolwood Estates and Rayni and Branden Williams to launch The Beverly Hills Estates. 

Hilton & Hyland’s office space in Beverly Hills’ Golden Triangle is available for lease, The Real Deal has learned.

The availability of the 18,000 square feet comprising the second floor of the Standard Oil Building at 257 North Canon Drive is where Hilton & Hyland called home for the past seven years. 

Independent commercial broker Brandon Cohan, who announced the availability Wednesday on Instagram, confirmed he is handling the marketing, but declined to further comment Wednesday. It’s unclear if the brokerage is completely vacating the property, or plans to move elsewhere within the building. 

Calls to reach Hilton & Hyland were not immediately returned by managing broker Steve Katz or vice president of operations Jheff Tan. Chair and owner Lori Hyland could not be reached for comment.

Meanwhile, Hilton & Hyland’s manager of content and communications, Noah Weinberg, is no longer with the firm, TRD has also learned. Weinberg declined to comment Wednesday.

Hilton & Hyland relocated its more than 100 agents and staff from its previous headquarters across the street, at 250 North Canon Drive, when it celebrated its 25th year in business in 2018. As of Wednesday, the brokerage counted 40 agents and brokers, according to records with the California Department of Real Estate.

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The number highlights an exodus of talent that has slowly trickled out of the brokerage in more recent years, with departures becoming more acute after the passing of Jeff Hyland in 2022. 

Hyland started the company with Rick Hilton in 1993, creating a firm that became synonymous with a number of prominent names in Los Angeles’ high end. That included Mauricio Umansky, Drew Fenton, Rayni and Branden Williams, Josh Altman and Aaron Kirman.

Among the more recent exits were Rayni and Branden Williams, who left Hilton & Hyland in 2020 to start the Beverly Hills Estates.

Fenton and former Hilton & Hyland head of marketing Ed Leyson then parted ways to launch the fast-growing Carolwood Estates with managing broker Nick Segal in late 2022.

Hilton himself moved on to launch Hilton & Hilton Real Estate in 2023.

More recently, Compass poached former Hilton & Hyland President David Kramer and his six-person team in December. Kramer and his team, with career sales of more than $1.7 billion, had over $300 million in active listings at the time of the departure.

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