Compass taps top Coldwell Banker managers to head new LA offices

Firm plans new locations in Montecito, Santa Barbara and Pasadena

Jan.January 07, 2016 01:30 PM

From the New York website: Compass’ rapid West Coast expansion is showing no signs of letting up.

The company, which already has offices in Malibu and Beverly Hills, nabbed two industry veterans from Coldwell Banker to oversee sales in three additional California markets – Montecito, Santa Barbara and Pasadena, it said Wednesday.

Leah Sternberg, a longtime Coldwell Banker manager, will lead the Pasadena office. Sternberg served as district manager for Coldwell Banker for nearly two years, handling clients in the San Gabriel Valley and the northwest region of Los Angeles. She oversaw 15 offices and 900 agents.

John Nisbet, also of Coldwell Banker, will manage the locations in Montecito and Santa Barbara.

Compass declined to comment on the exact locations of the three new offices.

Sternberg and Nisbet are just the latest in a string of high-profile West Coast agents to sign on to Compass since the company launched in the region two months ago. Scott Segall and Jeeb O’Reilly of Douglas Elliman both  jumped to Compass in recent months, as did the Agency’s Ari Afshar.

The firm also recently tapped Jay Rubenstein, a manager at Coldwell Banker’s Malibu West office, to lead its outpost in Malibu.

“We’ve hired over 80 agents in the last 60 days,” CEO Robert Reffkin told The Real Deal of the firm’s California expansion. “They have the opportunity to build a company with their own vision. They decide who we hire, where our offices are.”

Compass hasn’t hesitated to ruffle feathers by poaching brokers from other firms in New York, prompting a lawsuit from the Corcoran Group last year. But Reffkin said there’s been no backlash in Los Angeles so far.

A representative for Coldwell Banker did not immediately respond to a request for comment on the recent departures.

Compass doesn’t plan to call time on its California designs anytime soon. Reffkin said the firm will open further locations in Brentwood and Los Feliz in the next few months.

“We’re focusing on luxury areas across the county,” Reffkin said.

Related Articles

From left: Brian Shapiro, Jo-Ann Forster, Lauren Goodkind Allan and Sande Forster Keil

Jo-Ann Forster joins Compass from One Sotheby’s

Karen Elmir, Camilo Franco, and Caitlyn Henderson

Movers & Shakers: Elmir Group launches CRE division, Pablo Alfaro team grows

Javier Rodriguez and Andy Ziffer (Credit: Wikipedia) 

Movers & Shakers: Fort Lauderdale broker joins Compass

Daily Digest Miami

FINCEN renews order looking at cash purchases, Barry Sternlicht is eyeing an economic slowdown: Daily digest

Christian Martinez

Compass Florida taps former Facebook exec to lead operations

From left: Adam Rubin, Farin Milligan, Nicholas Chatman, Tim Elmes, Addison Ruff, Mike Herstik and Niki Michopoulos

Compass poaches Tim Elmes of Coldwell Banker

From left: Eric Fixler, Joe Landsberg, Austin Levine and Andrew Hagaman

Movers & Shakers: CBRE expands debt team, Compass takes on two teams in South Florida & more

Daily Digest Miami

Related is heading to the river, Soffer eyes Fontainebleau Miami Beach expansion: Daily digest