Compass LA 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

Miami Los Angeles /
Jan.January 02, 2020 10:30 AM
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
Marisela Cotilla, Rachelle Hirt-Beres and Scott Gerow (Compass)
Movers & Shakers: Boca Raton team joins Compass
Movers & Shakers: Boca Raton team joins Compass
Movers & Shakers: Newmark lodging group co-head moves to Miami
Movers & Shakers: Newmark lodging group co-head moves to Miami
Movers & Shakers: Newmark lodging group co-head moves to Miami
Tara West joins Compass to manage new developments in Florida
Tara West joins Compass to manage new developments in Florida
Tara West joins Compass to manage new developments in Florida
Nancy Batchelor (Compass)
Nancy Batchelor joins Compass after 20 years with EWM
Nancy Batchelor joins Compass after 20 years with EWM
Verzasca brings on Compass to sell out remaining units at Sunny Isles condo tower
Russian developer taps Compass to take over sales of Aurora condo tower in Sunny Isles
Russian developer taps Compass to take over sales of Aurora condo tower in Sunny Isles
Robert Reffkin and Michael Karp (Compass, Linkedin)
Compass acquires BEX Realty’s Florida agents
Compass acquires BEX Realty’s Florida agents
Forest Development's Peter Baytarian and Nautilus 220 (Palm Beach North Chamber of Commerce, Nautilus 220)
Two-tower condo project in Palm Beach County’s Lake Park launches sales
Two-tower condo project in Palm Beach County’s Lake Park launches sales
Lourdes Alatriste and Miguel Solis with a rendering of Quint Hollywood
Elliman takes over sales of Quint Hollywood, marking third change in a year
Elliman takes over sales of Quint Hollywood, marking third change in a year
arrow_forward_ios

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

Loading...