Darren Sukenik and Benjamin Glazer, two of Douglas Elliman’s heavy hitters in new development, have decamped to Compass.
Their seven-person team, which was Elliman’s top team in Tribeca and Greenwich Village last year, joined the Softbank-backed brokerage Monday, the company said.
Compass said the Sukenik-Glazer team has sold $5 billion to date. It has worked on new developments including 111 Murray Street, 10 Madison Square West, and 150 Charles Street. Last year, the team sold $142.4 million, according to Colorado-based research firm RealTrends.
“Douglas Elliman will always be family to me as I look to the future,” said Sukenik, a veteran agent who spent 20 years at Elliman.
In a statement, Sukenik added that Compass Concierge, which fronts sellers the money for home repairs, will help him grow his interior-design firm, called Twentieth-century. It’s a “service I know will exponentially benefit my clients and my overall business strategy through my interior-design group,” he said. “It creates so many opportunities I otherwise would not have.”
Compass, which is valued at $6.4 billion, launched Compass Concierge and other tools over the past year. Founded in 2012, Compass has more than 12,000 agents, including 2,400 in New York.
The Sukenik-Glazer switch is the latest in a string of high-profile broker moves this year.
Charlie Attias, formerly of the Corcoran Group, and Rachel Glazer of Brown Harris Stevens both joined Compass. Brian Meier brought his team to Christie’s International Realty from Corcoran, and Keith Copley left Compass for Douglas Elliman.
The moves are indicative of a competitive market for agents and firms, which are eking out profits in a softer market.
Elliman, one of the city’s biggest firms with nearly 2,000 agents, closed $8.9 billion in sell-side deals last year, according to TRD’s ranking. The New York-based firm, which expanded to Texas this year, just acquired a Houston-based luxury brokerage, John Daughtery Realtors.
Source: The Real Deal