Forbes Global Properties, a curated consumer marketplace of luxury homes and an invitation-only membership network of top real estate firms, is proud to congratulate 2023 Hyland Honoree Stuart Vetterick. Established and named in memory of Forbes Global Properties co-founder Jeff Hyland, the coveted award commemorates a 2022 stand-out luxury residential real estate transaction that exemplifies the agent’s use of innovation, complex problem solving, and strategic thinking.
Presented on Wednesday, June 28 at the 2023 Global Conference, Hyland Honoree celebrates Vetterick’s representation of Richard Saghian, founder of Fashion Nova and winning $141 million (including buyer’s auction fee) bidder of “The One,” a storied Bel Air compound that sold at auction in 2022. The 105,000 square foot property is one of the largest houses in the United States ever sold, and among only a few residential real estate transactions that surpass $100 million each year.
A Broker Associate with leading Beverly Hills firm Hilton & Hyland, Vetterick is a stand-out in the ultra-luxury market. Prior to his career in real estate, he bought and sold securities and other financial assets for one of the nation’s most successful and sophisticated investors. This experience honed his analytical skills and ability to identify value, trends, and market timing.
“The One” was developed by Niles Niami and first hit the market nearly a decade ago for $500 million. After a series of delays and construction challenges, “The One” was ultimately put into bankruptcy and presented at auction in 2022. Drawing from previous experience with 363 bankruptcy sales, Vetterick was able to provide astute insight into the multi-phased process from pre-bid due diligence through and including closing.
“Jeff Hyland was a true legend in the industry, a consummate professional who prioritized market knowledge, collaboration among colleagues, diligence, and a creative approach for the benefit of our clients. I am humbled to be named Hyland Honoree for my representation of the buyer of The One,” said Stuart Vetterick, Broker Associate, Hilton & Hyland.
“I am thrilled Forbes Global Properties selected Stuart as the first-ever Hyland Honoree. He is beloved and admired by all and is very deserving of the award,” said Lori Hyland, Chairman, Hilton & Hyland.
“Stuart earning the Hyland Honoree is a testament to his endless pursuit of excellence, and we could not be prouder,” said Billy Jack Carter, CEO, Hilton & Hyland.
Synonymous with luxury real estate in Los Angeles, Hilton & Hyland is a founding member of Forbes Global Properties and privately held firm that boasts an earned reputation for selling the most distinctive properties and estates in the world. Hilton & Hyland has a long-standing commitment to the delivery of best-in-class service by a team of hand-selected expert agents recognized for their skills, accomplishments, and discerning ethics in luxury real estate marketing, purchase, and sale.
Co-founder and president of Forbes Global Properties, Jeff Hyland was a renowned real estate expert and co-founder and president of Hilton & Hyland. He was named “The Gatekeeper of Beverly Hills” by Town & Country and personally handled several billion dollars in real estate sales, including two transactions which rank among the country’s most expensive.
