Robert Reffkin
In its quest to have positive cash flow later this year and stem massive losses, Compass Real Estate announced on Friday a third round of corporate layoffs and seeks to sublease part of its global headquarters at 90 Fifth Avenue in New York City. The real estate giant, which has approximately 800 agents in Dallas-Fort…
Read MoreAs reported in The Real Deal, who got the information from an online pub called Business Insider, Compass, the tech-oriented brokerage that popped up in New York City and, utilizing significant investor funds bought its way into being one of the country’s largest real estate brokerages, is being eyed for a take-over by a private…
Read MoreUpdate: Caught up with a few more in-the-know voices, asking Compass’ senior managing director of real estate Bryan Pacholski how yesterday’s lay-offs will affect offices here in North Texas. “No agent-facing teams will be affected,” he told me. “Most layoffs will be in the area of recruiting. Not a single agent will be impacted in…
Read MoreFrom Staff Reports The acquisition of LegacyTexas Title will significantly strengthen Compass’ title and escrow portfolio and enable further integration between the company’s brokerage and adjacent services businesses Compass’ title and escrow portfolio now serves agents and their clients in California, Florida, Washington State, Maryland, Virginia, Washington D.C. and Texas Compass, the real estate technology…
Read MoreWith concerns about the real estate disruptor’s profitability likely putting a lead foot on the pedal, Compass announced that the brokerage has engaged Guaranteed Rate to found OriginPoint, a new mortgage origination company that will roll out to Compass offices soon. It’s been no secret that Compass, launched as a residential real estate brokerage in…
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