Ed Leyson, the longtime director of selling for luxe brokerage Hilton & Hyland, despatched an electronic mail to The Actual Deal denying that he has given discover and plans to finish his tenure on the Beverly Hills agency.
” I’m nonetheless at Hilton & Hyland and can proceed to do my work on the highest degree at Hilton & Hyland,” wrote Leyson, responding to inquiries sparked by feedback from sources with data of the state of affairs. A number of sources not too long ago mentioned that Leyson had advised colleagues that he will probably be taking time without work to spend together with his household.
Nonetheless, the prospect of his exit raised questions on whether or not a startup brokerage helmed by Hilton & Hyland star agent Drew Fenton is taking form.
Leyson was listed as managing member of a brand new residential brokerage being arrange by Fenton beneath the identify Carolwood Companions. In August, TRD broke information that Fenton had filed registration papers with the California Secretary of State to begin the enterprise. Carolwood already had an handle at 9440 Santa Monica Blvd., an workplace constructing on the nook of Beverly Drive and Santa Monica Boulevard, lower than a mile away from Hilton & Hyland’s headquarters.
Neither Fenton nor Carolwood associate Nick Segal returned emails requesting remark.
Leyson’s departure from Hilton & Hyland can be the newest twist for the Beverly Hills brokerage, which has been in transition since co-founder Jeff Hyland died from most cancers in February. There have been questions on who would be the agency’s homeowners. Present homeowners embrace Hyland’s widow Lori Hyland and Rick Hilton, whose grandfather based Hilton Resorts. Hilton is also married to Actual Housewives of Beverly Hills solid member Kathy Hilton, and is father of socialite Paris Hilton.
On Sept. 2, Hilton & Hyland’s longtime common supervisor, Billy Jack Carter, resigned from the agency.
Lots of Los Angeles’ high residential brokers, akin to Mauricio Umansky, Rayni Williams and Branden Williams, labored for Hilton & Hyland earlier than occurring to their very own brokerages.
Hilton & Hyland continues to be aggressive within the luxe residential sport. Hilton & Hyland’s Stuart Vetterick was ranked nineteenth on The Actual Deal’s 2022 checklist of high residential brokers in Los Angeles. Vetterick co-represented the client for The One mega mansion when it offered for $126 million within the priciest Los Angeles residential sale of the yr. Hilton & Hyland agent Linda Could co-represented the vendor for this summer time’s $35 million deal for Bel Air property Il Sogno. Nineteen Sixties film star Yvette Mimieux lived on the Tuscan fashion property.
Hilton & Hyland notched $4.3 billion in gross sales in Los Angeles County final yr, in keeping with the newest rankings by the Los Angeles Enterprise Journal, which pegged Fenton for $860 million value of offers.