John Sandberg
Soon after additional than a decade at Douglas Elliman, John Sandberg is packing his luggage and heading to Compass’ workplace in Miami Beach front.
Pursuing the broker are his two crew users, Nick Jovanovich and Jennifer Quinones. Less than the umbrella of the Sandberg Team, the crew closed nearly $90 million in product sales previous year, and has closed $45 million in revenue this yr to day, in accordance to a spokesperson for Compass.
Nick Jovanovich and Jennifer Quinones (Douglas Elliman)
The Sandberg Group has been acknowledged by Douglas Elliman as a major producer, primarily serving the luxurious markets in Miami and Miami Seaside. “We desire him all the ideal in his foreseeable future endeavors,” explained a spokesperson for the brokerage.
Sandberg explained he was drawn to Compass by its technologies and enterprise culture, precisely the emphasis on team building.
“Building a team has by no means occur by natural means to me,” he mentioned, “Here, it’s encouraged and tutored.”
Sandberg, who only has at any time worked with one particular or two people at a time, mentioned the issues of competing with the substantial broker groups that have cropped up in current several years.
“There’s leverage in numbers,” he reported. Now, with the move to Compass, he’s wanting to develop his crew, but he does not yet know how big he wishes it to develop. “It could be five, six, 4, 8, 7. I’m not positive,” he reported.
Sandberg, who started his profession as an financial investment supervisor at Bear Stearns, said he’s aware of the timing of his transfer. Compass inventory lately rallied just after a challenging summer season of hemorrhaging revenue, and a recession looms on the horizon.
“[Compass has] lessened their employees significantly, so their margins are up,” he stated, “I’m self-assured we’ll steer by means of this.”
Sandberg also title-dropped some of the weighty hitters Compass has been in a position to lure in modern decades, like Chad Carroll and Nancy Batchelor.
“We’ve got some monsters below,” he mentioned.
