Top-selling LA broker Tyrone McKillen, one of the big names at Compass, is leaving his seat there to join Officially, the new brokerage co-founded last year by star agents Oren and Tal Alexander. McKillen’s move marks Official’s expansion into the Los Angeles real estate market; the company currently operates in South Florida, New York City and the Hamptons. McKillen, who has career revenue in excess of $1.5 billion, joins Official as a founding member of California; he brings along his Plus Real Estate Group team.
“Tyrone is the ultimate example of Official’s vision, defined by the quality of our talent, the depth of our expertise and the level of transcendent service to clients in the world’s most important markets,” said Richard Jordan, CEO of Official, in a statement . The new brokerage touts that one of the ways it differentiates itself in the market is by offering clients a luxury level of concierge-style service.
McKillen, who made THR‘s 2018 list of the best realtors in Hollywood, is known for working on high-profile deals, including Jay-Z and Beyoncé’s $88 million Bel Air mansion purchase in 2017 and Megan Ellison’s sale of a 10,000-square-foot home above the Sunset Strip for $37.5 million in the same year. He was also one of the agents who sold the historic Owlwood estate in Holmby Hills for $88 million last year and made off-market deals in Malibu and Bel Air last year for $57 million and $58.5 million, respectively.
Official is part of a wave of new brokerage firms founded by real estate agents who have left the big real estate companies to form their own companies, including Carolwood (co-founded by Drew Fenton) Serhant (founded by Ryan Serhant) and The Beverly Hills Estates (founded by Branden and Rayni Williams). Last year, the Alexander brothers made more than $1.2 billion in real estate sales and have plans to expand Official into more markets.
In addition to his work as an agent, Dublin-born McKillen is a co-founder of plus development, which has conceived and built residential and commercial real estate projects in Los Angeles, Mozambique (the new Kisawa Sanctuary resort), Ibiza, Orange County, Dublin and New York. McKillen comes from a real estate family. His father, hotelier Paddy McKillen, owns Chateau La Coste in France and the new Tadao Ando-designed Shinmonzen in Kyoto, Japan, and his brother, Dean McKillen, is a residential developer (who developed the Bel Air house purchased by Beyoncé and Jay-Z).
McKillen’s Plus Real Estate team consists of agents Megan Fatemi, Andrew Hurley, Neil Cox, Cameron Smith, Sandeep Dhariwal, Michael Piechowski and Chance Earnest.