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Celebrity Realtor Reveals What Stars Are Looking for in a Home

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Celebrity Realtors Reveal Most Sought After California Areas

Celebrities' priorities have shifted when it comes to what they look for in a home. According to real estate agents to the stars, A-listers are gravitating toward areas in California that are close to a beach with more land and, of course, strong security. Recently, there has been a trend in celebs moving further west of Los Angeles to places like Brentwood and Pacific Palisades, which offer up seaside living with additional space. "The idea of living in an area that feels like a neighborhood, but that is in such a large city like Los Angeles is attractive," Lisa Optican, Luxury Estates Director at Douglas Elliman, told Newsweek. The former attorney and developer previously sold Marilyn Monroe's Brentwood home for $7.25 million as well as producer Megan Ellison's $35.7 million pad overlooking the Sunset Strip.

A view of Luanda Bay in the Los Angeles city of Torrance, California. (Inset-L) Sally Forster Jones attends the Haute Residence Los Angeles Luxury Real Estate Summit 2016 on March 16, 2016, in West Hollywood, California. (Inset-R) Real estate agent Aaron Kirman attends the Haute Living Magazine presents: Los Angeles Residential Real Estate Summit 2014 on October 6, 2014, in Beverly Hills, California. Forster Jones and Kirman recently divulged to "Newsweek" the most sought after areas in California. ELEVATED IMAGES; INSET-L,R TOMMASO BODDI/GETTY IMAGES FOR HAUTE LIVING/GETTY IMAGES
"Brentwood is close to the beach; major freeways and incredible schools making it a really great draw," she continued. "I think people are also attracted to being a part of a neighborhood where privacy is really respected." Aaron Kirman, CEO of AKG | Christie's International Real Estate, agreed. "We're noticing a trend of people flocking closer to the beach and the beach lifestyle in areas such as Malibu, Brentwood, Brentwood Park and Pacific Palisades," he told Newsweek, noting that the COVID-19 pandemic likely played a role as to why. "People wanted more space, more privacy and more land," Kirman said. "And a lot of them are guard-gated which is appealing to have security and privacy." Top-producing Los Angeles agent Jane Dalea-Kahn told Newsweek that another area has also become a fan favorite amongst Hollywood's elite. "Emerging is Tarzana—an area just West of Encino, with large lots and custom-built new construction homes," she said. "Tarzana was once owned by Edgar Rice Burroughs, the author of Tarzan, but over the years evolved into a celebrity enclave—home to Matt LeBlanc, Kaley Cuoco, Maya Rudolph and her director husband, Paul Anderson, Arsenio Hall and Khloé Kardashian. Also, Igga Azalea, Selena Gomez, Chris Brown, Lacey Chabert, JoJo Siwa and more." When it comes to areas stars are moving away from, Optican revealed places that are no longer as desirable as they once were include the Hollywood Hills and Sunset Strip. "While its proximity to Beverly Hills and Hollywood is incredible (as are the views), it has become very dense and is unable to offer the same kind of privacy it afforded earlier," she said. Compass' Sally Forster Jones, whose celebrity clients include Los Angeles Lakers owner Jeanie Buss, producer Craig Huxley and late actress Billie Burke further elaborated on Optican's point. "The Bird Streets of the Hollywood Hills, once regarded the pinnacle of celebrity living, are still desirable but currently waning in popularity," Forster Jones told Newsweek. Dalea-Kahn added that the climate crisis has also become a factor. "With climate change and a longer, more intense fire season, we are seeing a pull away from areas that are considered 'extreme fire zones.' Homes in the hills of Malibu for example. Or homes that back up to wide-open spaces. These homes may have beautiful views, but they carry expensive insurance policies ($250,000 per year—so I've heard)." She added that "some celebrities have retained private fire fighting services in the advent of a fire threatening their home." As for which celebrities' homes on the market right now are the most impressive? Kirman says his "own client's property" tops the list. "The Leonard Estate," he told Newsweek, noting it's "one of the most prime sections of the Rivera in the Palisades." The home, which sits on 1.8 acres and is "one of the most immaculately built character homes in the current market," is listed for a whopping $45 million. Compass' luxury real estate agent Carl Gambino, who has sold more than $1 billion worth of real estate, told Newsweek that while it's no longer on the market, "Ryan Seacrest's that just closed was exceptional." Do you have a tip on an entertainment story that Newsweek should be covering? Do you have a question about real estate? Let us know via entertainment@newsweek.com. https://www.newsweek.com/best-california-places-live-celebrity-homes-realtors-1760839

Multi-Billion-Dollar Broker Aaron Kirman Launches New Firm With Christie’s International Real Estate, Solidifying His Top Position In The Luxury Real Estate Market

Aaron Kirman, one of the most prolific forces in the luxury real estate industry, known for representing the most expensive homes across Los Angeles and the globe, announced the establishment of his own brokerage firm, AKG, through a partnership with one of the world’s leading luxury real estate brands, Christie’s International Real Estate. Kirman built one of the nation’s top-producing residential sales teams, which has amassed over $14 billion in luxury real estate sales and over $1.6 billion in sales thus far in 2022, including the historic $141-million sale of “The One” in Bel-Air. The new brokerage will be headquartered in Beverly Hills, Calif., and will be part of the Christie’s International Real Estate global luxury network. “This is a perfect match between one of the most pedigreed brands in luxury real estate and the modern world of tech-first, white glove luxury service,” said Kirman, CEO of AKG | Christie’s International Real Estate. By leveraging Christie’s International Real Estate’s global luxury referral network, its industry-leading technology, and AKG’s signature artificial intelligence platform, Estate Dynamics, Kirman and his team expect to elevate the standard for high-end real estate brokerage in one of the world’s most prominent luxury markets. “Aaron is one of the most impressive people I have met in this business. He not only manages the most demanding clientele with unrivaled competence, creativity, and energy, but he has also figured out how to scale his business and mentor a new generation of luxury agents. He personifies the future of our brand,” said Thad Wong, co-CEO of Christie’s International Real Estate. This alliance paves the way for Kirman and his dedicated team of 160 agents and 14 full-time staff to reach their ambitious growth and expansion strategy, including opening offices throughout Los Angeles and Ventura counties and reaching a sales target of $5 billion per year by 2025. This partnership also enables AKG to establish several new divisions including, Estates, Sports and Entertainment, Commercial, Multi-Unit, New-Construction, New Home Sales, Architectural, and a White Glove Development Arm. Christie’s International Real Estate’s global network includes over 900 offices around the world; affiliates in top U.S. markets with strong ties to the entertainment industry, such as New York, Miami, Atlanta, and Silicon Valley; international affiliates in nearly 50 countries and territories; and total sales volume of over $500 billion in the past 5 years. In addition to brokering international transactions, AKG | Christie’s International Real Estate will offer concierge services to a global network of affluent buyers from six continents and most global financial centers. The deal with Kirman is another big win for Christie’s International Real Estate, which comprises a network of leading independently owned luxury real estate firms around the world. In addition to AKG, this year Christie’s International Real Estate has signed new affiliates in the U.S. and around the world, representing more than $15 billion in annual sales volume. Since its acquisition last December by Chicago-based real estate brokerage and technology firm, @properties, Christie’s International Real Estate has integrated @properties’ proprietary pl@tform™ technology throughout its network, introduced new marketing programs, and expanded its relationship with Christie’s auction house. Kirman raises the profile of Christie’s International Real Estate in one of the world’s top luxury markets. A Southern California native, Kirman’s entrepreneurial journey began at the age of 18, selling real estate to put himself through USC. Diagnosed with severe Dyslexia at a young age, Kirman’s determination and unwavering tenacity has since propelled him to become one of the world’s most acclaimed real estate power players, consistently recognized as a top agent by prominent publications such as The Hollywood Reporter, The Wall Street Journal, and Real Trends. His rolodex of clients includes some of today’s most prominent actors, musicians, titans of industry, and royal families from the Gulf states who he is also privileged to call friends. With an emphasis on the ultimate luxury experience, Kirman has the most prestigious listings across Los Angeles County and continues to set the trend in the most expensive markets, including some of the most architecturally famous homes worldwide. His portfolio of iconic transactions includes the sale of the Danny Thomas Estate, which was sold for $65 million, 777 Sarbonne, which sold for $45 million, the Edie Getz’s Estate, which sold for $45 million, and some of the world’s most famous architectural homes including Pierre Koenig’s Case Study House #21, Frank Gehry’s Schnabel House, John Lautner’s Foster House and multiple Richard Neutra’s properties. Starring in the hit real estate show, “Listing Impossible” on CNBC, Kirman and his team are considered the go-to source for current real estate insight, with media sources ranging from The New York Times and CNN to Variety and CNBC turning to them for expert commentary. Christie’s separately-owned auction house and its portfolio of global art and luxury services played an integral role in Kirman’s decision to join with Christie’s International Real Estate. AKG’s clients will receive unparalleled service and a dedicated Christie’s liaison to refer the sale of art, luxury items, and collections thanks to the partnership between Christie’s International Real Estate and Christie’s art and luxury business. “Los Angeles is one of the most important and prolific markets in the world for Christie’s – a fertile landscape of artists and aficionados, collectors and collections. The heightened visibility that AKG | Christie’s International Real Estate brings to the Christie’s name in Los Angeles, and the opportunities to provide another layer of service to clients of both the real estate business and our art and luxury business, is incredibly exciting,” said Guillaume Cerutti, CEO of Christie’s. Mark A. McLaughlin, of McLaughlin Ventures, served as the strategic advisor to the Aaron Kirman Group. “Providing strategic advice to Aaron and the AKG leadership team throughout the process of launching this new brokerage firm has been our honor. The combination with Christie’s International Real Estate’s sets the standard for The Art of Luxury which is the new brand for AKG,” stated McLaughlin. https://rew-online.com/multi-billion-dollar-broker-aaron-kirman-launches-new-firm-with-christies-international-real-estate-solidifying-his-top-position-in-the-luxury-real-estate-market/

Multi-Billion-Dollar Broker Aaron Kirman Launches New Firm With Christie’s International Real Estate, Solidifying His Top Position In The Luxury Real Estate Market

Aaron Kirman, one of the most prolific forces in the luxury real estate industry, known for representing the most expensive homes across Los Angeles and the globe, announced the establishment of his own brokerage firm, AKG, through a partnership with one of the world’s leading luxury real estate brands, Christie’s International Real Estate. Kirman built one of the nation’s top-producing residential sales teams, which has amassed over $14 billion in luxury real estate sales and over $1.6 billion in sales thus far in 2022, including the historic $141-million sale of “The One” in Bel-Air. The new brokerage will be headquartered in Beverly Hills, Calif., and will be part of the Christie’s International Real Estate global luxury network. “This is a perfect match between one of the most pedigreed brands in luxury real estate and the modern world of tech-first, white glove luxury service,” said Kirman, CEO of AKG | Christie’s International Real Estate. By leveraging Christie's International Real Estate’s global luxury referral network, its industry-leading technology, and AKG's signature artificial intelligence platform, Estate Dynamics, Kirman and his team expect to elevate the standard for high-end real estate brokerage in one of the world's most prominent luxury markets. “Aaron is one of the most impressive people I have met in this business. He not only manages the most demanding clientele with unrivaled competence, creativity, and energy, but he has also figured out how to scale his business and mentor a new generation of luxury agents. He personifies the future of our brand,” said Thad Wong, co-CEO of Christie’s International Real Estate. This alliance paves the way for Kirman and his dedicated team of 160 agents and 14 full-time staff to reach their ambitious growth and expansion strategy, including opening offices throughout Los Angeles and Ventura counties and reaching a sales target of $5 billion per year by 2025. This partnership also enables AKG to establish several new divisions including Estates, Sports and Entertainment, Commercial, Multi-Unit, New-Construction, New Home Sales, Architectural, and a White Glove Development Arm. Christie’s International Real Estate’s global network includes over 900 offices around the world; affiliates in top U.S. markets with strong ties to the entertainment industry, such as New York, Miami, Atlanta, and Silicon Valley; international affiliates in nearly 50 countries and territories; and total sales volume of over $500 billion in the past 5 years. In addition to brokering international transactions, AKG | Christie’s International Real Estate will offer concierge services to a global network of affluent buyers from six continents and most global financial centers. The deal with Kirman is another big win for Christie’s International Real Estate, which comprises a network of leading independently owned luxury real estate firms around the world. In addition to AKG, this year Christie’s International Real Estate has signed new affiliates in the U.S. and around the world, representing more than $15 billion in annual sales volume. Since its acquisition last December by Chicago-based real estate brokerage and technology firm, @properties, Christie’s International Real Estate has integrated @properties’ proprietary pl@tform™ technology throughout its network, introduced new marketing programs, and expanded its relationship with Christie’s auction house. Kirman raises the profile of Christie’s International Real Estate in one of the world’s top luxury markets. A Southern California native, Kirman’s entrepreneurial journey began at the age of 18, selling real estate to put himself through USC. Diagnosed with severe Dyslexia at a young age, Kirman’s determination and unwavering tenacity has since propelled him to become one of the world's most acclaimed real estate power players, consistently recognized as a top agent by prominent publications such as The Hollywood Reporter, The Wall Street Journal, and Real Trends. His rolodex of clients includes some of today’s most prominent actors, musicians, titans of industry, and royal families from the Gulf states who he is also privileged to call friends. With an emphasis on the ultimate luxury experience, Kirman has the most prestigious listings across Los Angeles County and continues to set the trend in the most expensive markets, including some of the most architecturally famous homes worldwide. His portfolio of iconic transactions includes the sale of the Danny Thomas Estate, which was sold for $65 million, 777 Sarbonne, which sold for $45 million, the Edie Getz’s Estate, which sold for $45 million, and some of the world’s most famous architectural homes including Pierre Koenig’s Case Study House #21, Frank Gehry's Schnabel House, John Lautner's Foster House and multiple Richard Neutra properties. Starring in the hit real estate show, “Listing Impossible” on CNBC, Kirman and his team are considered the go-to source for current real estate insight, with media sources ranging from The New York Times and CNN to Variety and CNBC turning to them for expert commentary. Christie's separately owned auction house and its portfolio of global art and luxury services played an integral role in Kirman's decision to join with Christie’s International Real Estate. AKG's clients will receive unparalleled service and a dedicated Christie's liaison to refer the sale of art, luxury items, and collections thanks to the partnership between Christie's International Real Estate and Christie's art and luxury business. “Los Angeles is one of the most important and prolific markets in the world for Christie’s – a fertile landscape of artists and aficionados, collectors and collections. The heightened visibility that AKG | Christie’s International Real Estate brings to the Christie’s name in Los Angeles, and the opportunities to provide another layer of service to clients of both the real estate business and our art and luxury business, is incredibly exciting,” said Guillaume Cerutti, CEO of Christie’s. Mark A. McLaughlin, of McLaughlin Ventures, served as the strategic advisor to the Aaron Kirman Group. “Providing strategic advice to Aaron and the AKG leadership team throughout the process of launching this new brokerage firm has been our honor. The combination with Christie’s International Real Estate sets the standard for The Art of Luxury which is the new brand for AKG,” stated McLaughlin. # # # About AKG | Christie’s International Real Estate Founded by Aaron Kirman and headquartered in Beverly Hills, CA, AKG | Christie’s International Real Estate is one of the nation’s top-producing residential sales teams with a total of over $14 billion in luxury real estate sales and over $1.6 billion sold thus far in 2022. Dedicated to infusing innovation and disrupting the traditional real estate sector, AKG | Christie’s International Real Estate is consistently ranked among the top 10 producing teams by Wall Street Journal and Real Trends, setting price-per-square-foot records throughout Southern California. To learn more about Aaron Kirman and AKG | Christie’s International Real Estate, please visit https://akgre.com and follow us on Instagram at @akg.re About Christie’s International Real Estate Christie’s International Real Estate has successfully marketed high-value real estate around the world for more than 30 years. Through its invitation-only Affiliate network spanning nearly 50 countries and territories, Christie’s International Real Estate offers incomparable services to a global clientele at the luxury end of the residential property market. For more information, please visit christiesrealestate.com. https://www.christiesrealestate.com/article/multi-billion-dollar-broker-aaron-kirman-launches-new-firm-with-christies-international-real-estate-solidifying-his-top-position-in-the-luxury-real-estate-market

A Los Angeles superagent with a team of 160 that’s sold $1.6 billion in real estate this year is leaving Compass: ‘It’s no secret that Compass is in a difficult situation

Aaron Kirman, the Los Angeles real-estate agent known for having star-studded clients like Rihanna and Orlando Bloom, said on Tuesday that he's leaving Compass for a new partnership with Christie's. Kirman leads 160 agents in what RealTrends, a company that ranks real-estate brokers, has called a "mega team." RealTrends identified the Aaron Kirman Group as the top-grossing mega team from Compass last year, with an annual sales volume of $1.1 billion. Kirman said sales so far this year have exceeded 2021's sales despite the down market, totaling $1.6 billion. Kirman is one of several high-profile brokers who've left Compass, which has had a tumultuous year. It's common for real-estate brokerages to struggle during a cooling housing market, when fewer people are buying and selling homes. But the company posted a $494 million loss in 2021 during a historically hot real-estate market. This year, Compass has laid off 1,000 people in two rounds as its stock price has fallen by 60%. The layoffs did not impact agents; in fact, the company said when reporting third-quarter earnings that the average number of agents increased 15% from this time last year. Compass reported a $154 million loss in the third quarter. "It's no secret that Compass is in a difficult situation," Kirman said, though he added that he believes the company will eventually succeed again. "We wish Aaron all the best in starting his own company and look forward to continuing to work with him," a Compass spokesperson said in an emailed statement to Insider. Some of the cuts Compass made were to its much-touted proprietary technology that agents use to market properties and generate leads. Compass used that platform —along with incentives to agents like cash bonuses, equity in the company, and generous commission splits — to lure brokers from other established firms. But Kirman said he felt Compass was always a traditional brokerage, not a tech giant. "At the end of the day, it is a real-estate company," he told Insider. "They have many stores and many offices with a layer of technology." Kirman said his team uses in-house technology that harnesses artificial intelligence to track housing-market moves. "We have the ability to see what's happening in any given city in real time to be able to predict future marketplaces," he said. Kirman said he's partnering with Christie's International Real Estate which has offices in 48 countries, to expand the team's reach outside Southern California. "What we noticed is people who are buying luxury houses often buy many — from London to Hong Kong to Los Angeles to New York," he said. https://www.businessinsider.com/broker-aaron-kirman-leaving-compass-for-christies-2022-11

Aaron Kirman leaves Compass for Christie’s International

Kirman's move will see his team become a brokerage that operates in partnership with Christie's. The move comes at a time when competition for talent is more intense than ever. New markets require new approaches and tactics. More than 250 experts and industry leaders will take the stage at Inman Connect New York in January to help you navigate the market shift — and prepare for success in 2023. Register today and get a special offer $1099 ticket price. Aaron Kirman, a top-producing Los Angeles luxury agent, is leaving Compass to start his own brand in a new partnership with Christie’s International Real Estate. The move will see the Aaron Kirman Group transition from being a team within Compass to a brokerage. The brokerage will operate as a partnership with Christie’s, according to a statement, meaning it will have access to Christie’s referral network, platform, technology and other resources. Kirman will bring his team with him, which includes 160 agents and 14 staff members. News of Kirman’s departure from Compass was first reported by The Real Deal, to which Kirman said that he had wanted to turn his team into a standalone brand for some time. He also said he “wanted the duality of a powerhouse brand behind us so that we have the ability to market all over.” In a conversation with Inman Tuesday afternoon, Kirman further explained that the Aaron Kirman Group will be the broker of record and the brokerage house, but that the partnership will give the company access to services, such as Christie’s global advertising network. Kirman also said he wanted to branch out in this way because so many other companies in his region are either “too big” or “too small.” “I think the market needs a combo like we have,” he continued. “I think it was missing it.” Christie’s statement on the move describes Kirman’s business as “one of the nation’s top-producing residential sales teams,” with “over $14 billion in luxury real estate sales and over $1.6 billion in sales thus far in 2022.” In the statement, Kirman added that “this is a perfect match between one of the most pedigreed brands in luxury real estate and the modern world of tech-first, white glove luxury service.” Kirman founded the Aaron Kirman Group in 2017. His team started out with just seven agents, according to Kirman’s website. But the team grew rapidly into one of the most high-profile luxury real estate teams in the U.S. He is also among a small handful of real estate agents who have made the jump from real estate professional to full-fledged celebrity. That was due in large part to Kirman’s starring turn on the CNBC reality TV series Listing Impossible. Kirman has also been involved in numerous high-profile sales including the Danny Thomas Estate which sold for a reported $65 million in 2017. More recently, Kirman represented the buyers who snapped up the estate of Maroon 5 frontman Adam Levine. He also represented The One, a record-breaking Bel Air mansion that ultimately sold for $141 million earlier this year. Kirman will now operate offices throughout Los Angeles and Ventura counties and aims to hit $5 billion in sales per year by 2025, Tuesday’s statement notes. Speaking with Inman, Kirman said he plans to launch a variety of other verticals within his company and will gradually expand across his home region. “We’ll eventually sort of dominate Southern California luxury,” he said, adding that over the longer term he’s interested in both national and international expansion. Kirman’s move to Christie’s comes as brokerages compete ever more fiercely for talent. Compass has been particularly aggressive when it comes to attracting top agents which has spurred both rivalries and legal battles, as well as making the company the largest of its kind in the U.S. However, earlier this year, Compass also ditched both stock and cash incentives for new recruits. Despite the end of incentives, however, Compass reported last week that it managed to add a net of 335 agents during the third quarter of this year. Compass said in a statement to Inman Tuesday, “we wish Aaron all the best in his next venture and look forward to continuing to work with him through our Compass agents across Southern California.” Kirman said his move away from Compass was not due to a lack of confidence in that firm, adding that his now-former brokerage “was a great company” where “our business did exceptionally well.” Kirman mentioned Compass facing “headwinds” but ultimately was upbeat about the company’s future. In Christie’s case, Chicago-based brokerage and franchisor @properties acquired the brand one year ago. Christie’s has 900 offices around the world, according to Tuesday’s statement, which also describes the deal with Kirman as “another big win” for the brand, and one that “raises the profile of Christie’s International Real Estate in one of the world’s top luxury markets.” Thad Wong, co-CEO of Christie’s, added in the statement that Kirman “is one of the most impressive people I have met in this business.” “He not only manages the most demanding clientele with unrivaled competence, creativity, and energy, but he has also figured out how to scale his business and mentor a new generation of luxury agents,” Wong added. “He personifies the future of our brand.” Update: This post was updated after publication with comments from an interview Kirman did with Inman Tuesday afternoon. https://www.inman.com/2022/11/15/aaron-kirman-leaves-compass-for-christies-international/

Top agent Aaron Kirman leaving Compass to launch Christie’s-powered shop

Aaron Kirman, a top-ranked Los Angeles luxury agent, is leaving Compass, The Real Deal has learned. He is launching his own shop, Aaron Kirman Group, in partnership with Christie’s International Real Estate. At Compass, Kirman headed L.A’s top-ranked residential team by on-market deals, which did over 400 transactions and over $1.35 billion in sales volume between April 2021 and April 2022, according to TRD’s most recent ranking. He has represented some of the city’s more notable trophy homes, including Nile Niami’s controversial “The One” and the Danny Thomas Estate. “We have been wanting to have AKG be a standalone firm for a while,” Kirman said in an interview with TRD Tuesday. “We have a brand, the staff, the marketing, but we wanted the duality of a powerhouse brand behind us so that we have the ability to market all over.” Kirman said his firm will have rights to the Christie’s brand for all of L.A. County, Ventura County and Santa Barbara County, and he hopes to build out multiple offices through the region. “We have our fee structure [with Christie’s] wrapped into our commissions,” he added. Kirman is taking over the bulk of his 160-agent team to his new shop, which will be headquartered at 433 N Camden Dr. The goal, he said, is to be a $5 billion company by 2025. In a statement, Compass said it looked forward to working with Kirman “through our Compass agents across Southern California.” Christie’s, whose real estate brand Chicago-based @properties took control of in a long-term licensing agreement late last year, has a 10-year exclusive agreement with Kirman, according to Thad Wong, co-founder of @properties. In late 2020, @properties, headed by Wong and Mike Golden, moved to franchise its brand. The brokerage’s parent company, At World Properties, is backed by private-equity firm Quad-C. “It’s really difficult for brokerages to succeed [in national expansion] if they don’t have locally-owned operators,” Wong said in an interview with TRD Tuesday afternoon. “We were looking for either brokerages that are set up, or teams that have the ability to become a brokerage. Aaron is looking to build talent — he’s looking to find those $50 million, $150 million, $200 million producers and help them grow.” Speaking broadly about the Christie’s brand, best known for its luxury auction house, Wong said that L.A. was a key market for them, given the number of art buyers located in the city. Christie’s, he said, knew Kirman from his time at Hilton & Hyland, and that connection was a factor in Wong’s decision to approach Kirman this summer. Last week, Compass reported a $154 million net loss in the third quarter, but its revenues of $1.49 billion beat Wall Street estimates. Its stock has surged more than 90 percent over the past week. It also said it added to its agent count in the quarter, despite ending sweeteners such as equity and cash incentives for new agents. Kirman was a star agent and minority owner at John Aaroe Group, which was absorbed by San Francisco-based Pacific Union in late 2016. Pacific Union, in turn, was acquired by Compass in 2018. “Those agents that were absorbed in it never chose it,” Wong said of Compass. “Usually what happens in California sets across the country, whether it’s fashion or, in this case, agent departures.” Kirman said that the spotlight on Compass’ financial troubles – the brokerage has lost close to $1 billion since 2021 and has engaged in multiple rounds of layoffs – was a “minor contributor” to his decision to leave. “I think they’ll make it through,” he said of Compass, “but who knows. I just don’t know what it looks like.” This story was updated with comments from Kirman, Compass and @properties’ Thad Wong. https://therealdeal.com/la/2022/11/15/superstar-agent-aaron-kirman-leaving-compass-for-christies/

Real Estate Powerhouse Aaron Kirman On Selling Los Angeles’ Most Expensive Homes

It’s not enough to simply represent the world’s most expensive homes; you have to know how to sell them and who you’re selling to, according to real estate powerhouse Aaron Kirman. Kirman is a Los Angeles-based real estate agent and CEO/founder of the Aaron Kirman Group at Compass, where he runs a 160-person team. Consistently ranked as one of the top five luxury real estate agents in the U.S. by Wall Street Journal, Kirman has more than $9 billion in luxury home sales, which includes some of the most headline-grabbing homes in Los Angeles. He also starred in CNBC’s Listing Impossible, which follows Kirman and his team behind-the-scenes as they sell multi-million estates in the L.A. area. In a time when social media and television make it look easy to sell luxury homes, Kirman’s success as one of the most trusted agents didn’t happen overnight. Rightfully so, Kirman’s hustle and connections have gotten him to where he is. This includes putting in the work to gain respect and trust from some of the world’s wealthiest individuals for them to trust him as their agent. “When I started, real estate was a mom and pop business or a side gig for anyone over the age of 50,” he tells Forbes. “Now it's this high-profile, high-gloss, high glamor industry. Everybody and their mom wants to be a real estate agent. The stakes are a lot bigger, the numbers are a lot bigger, and the competition is a lot more fluid. But it's certainly a very exciting, fun, and interesting business that has only continued to grow and is an amazing challenge every single day.” Of course, any up-and-coming agent is gunning to sell the types of homes Kirman does, like this $150 million home at Stradella Court in Los Angeles, a $45 million Florentine-style estate in the Palisades, or The One—once L.A.’s most expensive home that ended up selling for $141 million. But that’s rarely the starting point for any agent. “Unlike a lot of my peers, I didn't grow up in the Beverly Hills world, so I didn't have any contacts with people I work with now,” he says. “I would say it didn't happen overnight and it was definitely a progression. One thing I did right starting when I was young was that I specialized in cool houses. I made my specialty the ‘cool house’ focusing on good design and good architecture. That ultimately led me to selling houses from renowned architects like Rudolph Schindler, Pierre Koenig, John Lautner, and Frank Lloyd Wright.” Over time, Kirman developed a reputation for representing architecturally significant properties which became very popular for high-profile buyers from the fashion and arts world in the mid-2010s until now. That kind of art and fashion buyer, he said, eventually lead to more celebrity sales. Today, he has represented buyers from royal families around the world, including Middle Eastern royal families in Kuwait, Qatar, and more, and billionaires in Russia and China. “There are a few things that set a level of trust; one is personal relationships,” he says. “It's not always just based on business, it's based on people knowing who you are. Be as authentic as you can because people like authenticity. The second thing that increases trust is that I never ever sell anything to just sell it. I always have our clients' best interests. I officially talk clients out of more property than I do talk people into property—at least as a buyer’s agent. As a listing agent, it’s my job to sell. But as a buyer’s agent, I am very discerning with what I sell people, even if they don’t want my opinion on the good or the bad.” He’s created such a level of trust that many of his clients fly him out to other countries so he can take a look at properties—even if he’s not a localized expert or profiting from the transaction. “I'm very honest and I'm very forthright because that's how I built such a huge base of people coming back to me over and over again,” he says, adding that if you’re a top agent in L.A. you’re a top agent in the world. “L.A. is one of the most competitive real estate markets in the world, not only because of the price point but because there's so many agents that compete in the same market, and it's the only city where you have multi-billion-dollar agents competing over and over again. I try to stay in my lane and define who I am.” That also includes focusing on innovation, and Kirman is heavily investing in technology, including a new technology platform for his company. “We were literally the first to basically go mostly all-tech, first before that was even a thing, and we’re always experimenting, playing, and getting out of our comfort level to try to see what is going to work and what's going to be the next thing,” he says. Even with his success, Kirman says the current market is downright the most challenging he’s navigated in his 26 years in real estate. “I’ve never seen a market like this which makes it hard for me to circumnavigate because it doesn't have the same tonality that other changing marketplaces once had,” he says. “Historically, when you have a softening market, you have increasing inventory. We know why the market is softening: interest rates, stock market volatility, crypto volatility, the war in Ukraine, the energy crisis, and inflation. I mean we know what's happening, but the tricky part is people are also holding onto their properties and not selling. We're getting hit all the way around. Because we have houses that are harder to sell, we're entering a buyer's market, but there's not a whole lot of inventory for buyers to buy.” Yet, the show must go on. Kirman is looking to expand to other markets throughout Southern California. He says: “I love Southern California and want to open offices in Ventura, Montecito, and Orange County.” https://www.forbes.com/sites/emmareynolds/2022/11/10/real-estate-powerhouse-aaron-kirman-on-selling-las-most-expensive-homes/?sh=4f8a6c6b1312

Mary Tyler Moore’s Former Bel Air Estate Links Up With a Buyer

With its picturesque fairways and dramatic topography traversing four different canyons and incorporating tunnels, an elevator, and a swinging suspension bridge, the Bel-Air Country Club’s golf course is perennially ranked as one of the best in the country. And blessed with what have to be among the best views of the much-admired course is a residence that’s been around almost as long as the exclusive country club itself. Built in 1929, the Spanish-style house was once home to pioneering power couple of the small screen Mary Tyler Moore and Grant Tinker. The pair met in 1961 when Tinker was an ad exec working on “The Dick Van Dyke Show,” and Moore its co-star. Both were married to other people at the time, but after that minor inconvenience was cleared up, they got hitched a year later and settled down in the Bel Air home overlooking the 11th hole fairway. In 1970, the couple founded MTM Enterprises, an independent TV company that would make a huge impact on both the entertainment industry and popular culture with a string of groundbreaking hits, including “The Mary Tyler Moore Show, ” “The Bob Newhart Show,” and “Rhoda.” But as successful as the pair was career-wise — Tinker would go on to become chairman and CEO of NBC — on the home front, they fared less well. The couple would split up in 1980, but by that time, they’d already moved on from the Spanish-style residence to a different Bel Air perch, one they’d had built to order. Explained Moore to the writer of a 1976 Los Angeles magazine feature, “The house we’re living in now is too big. It has three vacant bedrooms and a living room we’ve only been in twice, both times on Thanksgiving when we had all my relatives over.” Upon completion of the new home, Moore and Tinker sold the old one to another pair of showbiz vets, David Gerber and Laraine Stephens. Along with producing such tv shows as “Police Story” and “Police Woman,” Gerber served as president of the television divisions of three major studios (Columbia Pictures, 20th Century Fox, and MGM), while Stephens acted in scores of tv shows, including “Leave it To Beaver,” “I Dream of Jeannie,” “Mission: Impossible,” and “Fantasy Island.” Measuring 6,790 square feet, the six-bedroom home isn’t a particularly outstanding example of Colonial Revival architecture, and appears to have sustained a fair amount of questionable tampering-with, but still retains some appealing character features, including stenciled ceilings, wrought-iron sconces and railings, peg and groove hardwood flooring, arched windows, and French doors. The .85-acre property would remain in the Gerber-Stephens family for four decades, until 2021 when it sold to an LLC linked to developer Adrian Rudomin, who was among the various parties sued by Rihanna in 2011 over a Beverly Hills mansion with a leaky roof. According to public records, the LLC acquired the property for $12.5 million, and flipped it back to market approximately nine months later with a $16 million price tag. Dirt has learned the well-situated piece of real estate was scooped up this week by commercial real estate financier Rob Rubano. A vice chairman with brokerage Cushman and Wakefield, Rubano evidently knows his way around a slice, forking over $14.6 million for the showbiz pedigreed property. The listing was handled by Aaron Kirman of Compass, while Rubano was represented in the transaction by Drew Meyers of Westside Estate Agency. https://www.dirt.com/gallery/moguls/real-estate/mary-tyler-moore-grant-tinker-house-bel-air-1203600172/10800chalon-mls-12-3/

L.A. Mansion Once Owned by Mary Tyler Moore Fetches $14.6 Million

The actress and then-husband Grant Tinker owned the Spanish-style house in the late 1970s. A Los Angeles mansion once owned by Mary Tyler Moore has sold for $14.6 million. The gated property, on roughly 0.85 acre, abuts the Bel Air Country Club golf course, according to listing materials. The buyer is Rob Rubano, a commercial real-estate investor, according to two people familiar with the deal. The home was listed for $15.995 million in May, according to Zillow. Built around 1929, the Spanish-style house is nearly 6,800 square feet with six bedrooms, an indoor sauna and outdoor pool, according to the listing. In the 1970s, it was owned by Mary Tyler Moore, star of “The Mary Tyler Moore Show,” and her then-husband Grant Tinker, a former NBC chairman, records show. It was later owned by TV producer David Gerber. Aaron Kirman of Compass and Jordana Leigh of Rodeo Realty represented the seller. Drew Meyers of Westside Estates Agency represented the buyer. https://www.mansionglobal.com/articles/l-a-mansion-once-owned-by-mary-tyler-moore-fetches-14-6-million-01668041021

‘Human Ken Doll’ Justin Jedlica is selling this charming Los Angeles bungalow for $2M

The reality television personality known as the world’s first Human Ken Doll is selling his aesthetically pleasing Los Angeles bungalow for just under $2 million, according to Compass real estate firm. Justin Jedlica, 42, who gained international attention for undergoing up to an estimated 1,000 cosmetic procedures, has appeared on multiple seasons of “Botched,” the reality TV show focusing on extreme plastic surgeries that have gone wrong. He bought the four-bedroom, three-bathroom home, built in 1923, for $1.3 million in 2016, according to Property Shark. The residence, located at 823 N. Crescent Heights Boulevard near West Hollywood, features plenty of natural light and lush landscaping. “As you enter through its gated front yard entrance with flagstone walkway, you’re greeted by a stucco facade and Spanish tile roof complete with archway and glassed mahogany front door,” according to the official property listing. “Inside, you are met by a lovely, warm, open space featuring plenty of natural light. Modern use of the space has been made, featuring a built-in work nook at the front which overlooks the serene front yard.” There are extensive moldings, a coved ceiling, a gas fireplace and patterned hardwood floors in the living room that lead into the dining area. The kitchen has a foliage backsplash that adds “a pop of green and natural beauty” to the granite countertops, natural wood cabinets, stainless steel appliances and breakfast bar, according to the listing. The primary bedroom opens onto a covered seating area in the backyard, where there’s a hot tub and pool surrounded by mature hedges for privacy. The property includes a guest house with its own bathroom. Josh Morrow of Aaron Kirman Group at Compass is the listing agent. https://www.sacbee.com/news/california/article268154062.html

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