Ed Leyson, the longtime director of selling for luxe brokerage Hilton & Hyland, despatched an e-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 stage at Hilton & Hyland,” wrote Leyson, responding to inquiries sparked by feedback from sources with data of the scenario. A number of sources lately mentioned that Leyson had informed colleagues that he will likely 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 deal with 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 companion Nick Segal returned emails requesting remark.

Leyson’s departure from Hilton & Hyland can be the most recent 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 embody Hyland’s widow Lori Hyland and Rick Hilton, whose grandfather based Hilton Resorts. Hilton is also married to Actual Housewives of Beverly Hills forged member Kathy Hilton, and is father of socialite Paris Hilton.

On Sept. 2, Hilton & Hyland’s longtime basic supervisor, Billy Jack Carter, resigned from the agency.

A lot of Los Angeles’ prime residential brokers, comparable 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 recreation. Hilton & Hyland’s Stuart Vetterick was ranked nineteenth on The Actual Deal’s 2022 record of prime residential brokers in Los Angeles. Vetterick co-represented the customer for The One mega mansion when it offered for $126 million within the priciest Los Angeles residential sale of the 12 months. Hilton & Hyland agent Linda Could co-represented the vendor for this summer season’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 12 months, based on the newest rankings by the Los Angeles Enterprise Journal, which pegged Fenton for $860 million price of offers.