Robert Reffkin, Ginger Glass, and 2571 Wallingford Drive (Credit: Zillow) Another top agent from Coldwell Banker’s Los Angeles team has jumped ship to Compass. The departure of Ginger Glass — announced Monday — now marks the second big agent that Compass has snagged in less than one week. Glass, who pulled in $84.5 million in […]
Compass poaches Coldwell Banker’s top producer Chris Cortazzo
From left: Robert Reffkin and Chris Cortazzo, with one of Cortazzo’s listings, 0 Zumirez Drive, Malibu Chris Cortazzo, the longtime Coldwell Banker star agent who had more than $500 million in sales volume last year, has jumped to Compass. Cortazzo, who will be based in the Malibu office, joins Compass at a time when the […]
Lead-gen brokerage Elegran goes after Compass in new lawsuit
Elegran CEO Michael Rossi, former Elegran and current Compass agent Zino Angelides, and Compass CEO Robert Reffkin (Credit: Michael Toolan, iStock) UPDATED, Thursday, August 1, 5:39 p.m.: The long list of lawsuits against SoftBank-backed residential brokerage Compass now has one more entry. The latest legal challenge comes from a fellow “tech-centric” brokerage, New York-based Elegran Real […]
Compass valued at $6.4B after Series G
From left: Robert Reffkin and Ori Allon (Credit: Compass and iStock) Compass just added $370 million to its coffers. The New York-based brokerage announced the Series G on Tuesday, which sources said values the company at $6.4 billion, up from $4.4 billion after the prior funding round. Founded in 2012, Compass has now raised more […]
Compass makes new agents sign Silicon Valley-grade contracts
Compass is one of the only brokerages that asks agents to sign these agreements. (Credit: iStock and Compass) In the dog-eat-dog world of residential brokerage, Compass appears to be playing defense. Of nine real estate brokerages The Real Deal surveyed in New York City, only the $4.4 billion SoftBank-backed firm seems to take pains to […]
Realogy’s explosive suit against Compass may be “seriously misguided:” antitrust expert
Compass CEO Robert Reffkin and Realogy CEO Ryan Schneider Compass is no newcomer to courtroom drama. Since 2014, the SoftBank-backed brokerage has been slapped by 10 separate lawsuits accusing the company of engaging in aggressive tactics to expand in new markets that range from outright law-breaking to unethical behavior. In the explosive lawsuit filed last […]