Former Compass Co-President Nick Segal has been named as Avenue 8’s new SoCal Managing Director. In the new role, Segal will lead development of the mobile-first real estate brokerage’s West Coast presence.
“Since day-one Avenue 8 has stood out by virtue of its tech-acumen, agility, and keen understanding of what it’s going to take to succeed in today’s market,” Segal said via press release. “Justin [Fichelson] and Michael [Martin, co-founders] get the new psychology of the modern agent and homeowner, and possess the digital savvy, creativity, and courage required to create something truly fantastic to benefit modern brokers and their clients.
“When I saw that Michael, Justin and the influential Investors of Avenue 8 shared that enthusiasm, I became inspired to join them,” Segal continued. “Avenue 8 is poised to be the brokerage of tomorrow, and I am thrilled to help the agency lead the charge into real estate’s next frontier.”
Segal has a rather stellar track record at business development. He founded and developed two of the most prominent real estate brokerages in the nation through both of their acquisitions and beyond: DBL Realtors, acquired by Sotheby’s, and Partners Trust, acquired by Pacific Union International. As CEO of Partners Trust and then Co-President of Compass, after its acquisition, Segal received both the Realtor of the Year and William May Garland awards for industry excellence.