How LA’s boutique brokerages juggle closing deals with managing the business

How LA’s boutique brokerages juggle closing deals with managing the business

  • The Real Deal
  • August 1, 2024

The penthouse office at the Bank of America Building in Beverly Hills’ Golden Triangle serves as an extension of Drew Fenton’s collections, housing his Billy Haines chairs (currently about $4,000 a set at one online auction house), vintage seating by Italian architect Gio Ponti and 500 design books.

Fenton, who runs boutique residential brokerage Carolwood Estates, rarely sits still long enough to enjoy the space, which has views over Holmby Hills, Bel Air and other tony neighborhoods and feels more like the luxury mansions he sells than the headquarters of a top brokerage.

“I’m not sitting in an office tower, disconnected from the community,” he said. He prefers to be out working in the “sandbox” — the real world.

 

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