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Compass Looks for Top Spot in Palm Beach County

Compass Florida doesn’t show any signs of relinquishing its No. 1 position in market share in South Florida. It has opened a new office in downtown Delray Beach and relocated its Town of Palm Beach office. The Delray Beach office, at 102 N.E. First Ave. is a historical landmark and will be home to the Platt Group. The Platt Group, led by Alex and Margot Platt (pictured), bills itself as one of the top 25 Realtor firms in Florida and the No. 1 large team in Boca Raton.

An army of 100 agents will operate out of the relocated 3,400-square-foot Palm Beach office at 150 Worth Ave. The new office will be led by industry veteran Jeff Dono, who has more than 20 years of South Florida real estate experience.

Dono said Compass only had 900 square feet in its previous Palm Beach office, which was across from St. Edwards Church on Sunrise Avenue.

“As we grew and obtained significant market share we made the investment to move,” Dono says. Compass expects to close in on the No. 1 position in Palm Beach County, based on sales volume, while already leading in Broward and Miami-Dade counties.

The market in 2024 is a bit different than 2021 when multiple offers could be expected on $25 million properties, Dono says. “It takes a minute. Not a bad market but not a market where people are fighting for properties.”

In some ways the market is more balanced than the panic buying era, he says. “We loved the wild market, but it was very frustrating for buyers and sellers and agents.”

Compass has invested more than $1 billion in technology, which is a big selling point as it tries to recruit agents, Dono says. Moreover, agents get a lot of referrals from Compass offices in other markets.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.