David Parnes, James Harris Separate as Business Partners

Star agents David Parnes and James Harris are calling it quits as business partners but will remain with Beverly Hills boutique brokerage Carolwood Estates.

Parnes and Harris helm the 11-agent Bond Street Partners team at Carolwood and announced the news in a joint statement on Instagram this week.

“While we will be going our separate ways, our friendship remains as strong as ever,” the two said in their post. “Most importantly, nothing changes when it comes to our clients.”

The two declined to comment or respond to questions from The Real Deal around what would happen with the team or the Bond Street name beyond their social media note.

Bond Street was Carolwood’s top-producing team last year and is ranked No. 1 in the U.S. within the medium category by RealTrends. That ranking was based on the team’s $940 million in volume across their representation of 76 transaction sides.

This year alone, Parnes and Harris were part of a group of agents that pushed the $110 million purchase of 630 Nimes Road in Bel-Air across the finish line in May.

Carolwood’s Stephen Resnick, Jonathan Nash, Parnes and Harris represented a limited liability company in the estate’s sale to former Crown Resorts chair James Packer.

Carolwood’s Drew Fenton and Westside Estate Agency’s Kurt Rappaport represented Packer in the mega deal that’s now tied with Spelling Manor for priciest sale this year.

Harris and Parnes, both from London, established Bond Street 13 years ago. They carved out a business of their own in the U.S. when they joined the cast of “Million Dollar Listing Los Angeles,” which they credited in another Instagram post with having “changed our business and our lives.” The two would go on to grow their real estate business over the course of seven seasons of the show before announcing their exit in 2022 saying at the time “we feel that as our business has evolved, we need to keep moving.”

Two years later, the two parted ways with The Agency after a decade at Mauricio Umansky’s brokerage to join the fast-growing Carolwood Estates in 2024.

“I love [The Agency founder and CEO] Mauricio [Umansky] and we did incredibly well there,” Parnes told TRD last September of the thinking behind the move. “The Agency went global. They achieved everything they set out to do and more. They have offices everywhere. For us, we’re focused on the super high end, in our key market — which is Los Angeles. We find that the Carolwood brand is more aligned with what we are and who we are now because it’s a boutique Beverly Hills office with some of the top agents in the country.”