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Tuesday, Apr 23, 2024

Compass Team Focuses On Luxury Housing

Combined, they have closed more than $2 billion in sales by transacting premier residential properties along the Ventura Boulevard corridor on behalf of a clientele that includes A-list celebrities, musicians and athletes. 

And now, San Fernando Valley-based brokers Andrew Spitz and Fran Chavez will lead the Valley division of the Aaron Kirman Group at tech real estate company Compass.  

Andrew Spitz | Fran Chavez Group has launched in Sherman Oaks at 14242 Ventura Blvd., where Spitz and Chavez’s team includes Administrator Margie Granitz, Executive Marketing Director Joseph Kim and Social Media Director Bella Lovkvist. 

“Having Andrew Spitz, Fran Chavez and their team joining Aaron Kirman Group is a monumental consummation of San Fernando Valley’s best agents,” Aaron Kirman, founder and president of Aaron Kirman Group and president of International Luxury Estates at Compass, said in a statement. “This union marks the beginning of a luxury real estate disruption not just in the Valley, but across Southern California, and we are so fortunate to have them with us.” 

Spitz and Chavez have authentic ties to the region. Spitz is an Encino native, who grew up knowing Walt Disney’s grandson. 

“I live in Encino. I didn’t go far in life,” Spitz said facetiously. 

Chavez, a Lake Sherwood resident, grew up around the East Valley. 

Now proved good timing for the longtime friends and former Berkshire Hathaway HomeServices agents, who each have 33 years of industry experience, to join forces with Kirman’s Beverly Hills-based Compass group.  

“There’s no one better than Aaron,” Spitz said. “He’s fast thinking, he’s ahead of the train instead of being like a dinosaur: extinct. I’ve always looked to stay ahead of the competition.” Spitz and Chavez are well-versed in selling Valley addresses. Their expertise in the Valley’s most exclusive neighborhoods will complement what Kirman’s office is doing over the hill. 

“We primarily sell residences in Studio City, Sherman Oaks, Encino and Tarzana,” Spitz explained. 

“The reason we made the move was we wanted to brand ourselves in the luxury market,” Chavez added. 

And the Valley’s housing market is hotter now than in pre-pandemic times. “Encino until recently never hit over $10 million and there are sales now that are as high as $20 million,” Spitz said. “There’s one (listed) for $26 million. This all happened within the last two years.” 

Spitz and Chavez closed nearly $100 million in residential deals last year. 

After their respective long runs at Berkshire Hathaway, Spitz and Chavez began partnering just over three years ago, bringing different skill sets to their transactions. 

“That’s how we’ve been successful,” Spitz said. “I’m a good negotiator. I’m good at gathering clients. He’s good at handling the escrows and the finer details and inspections.” 

Chavez has also brought in builders and investors looking for opportunities. 

The Compass alignment empowers the pair of veteran agents with important resources, including digital marketing platforms. 

“We now have access because we’re part of AKG,” said Spitz, including “a social media influencer and top-notch designer.” 

“The way we do business is very different now with that tech at our fingertips and the support we’re getting from AKG,” added Chavez. 

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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