Realogy CEO Ryan Schneider (Credit: Jhila Farzaneh and iStock/ Illustration by Kevin Rebong for The Real Deal) You can now buy shares of Realogy stock for roughly the same price as a latte. The real estate holding company’s turbulent stock ride continued this week after it filed an explosive lawsuit accusing rival Compass of illicit […]
The juiciest claims in the Realogy v Compass lawsuit
Compass CEO Robert Reffkin (Credit: iStock) The incendiary lawsuit Realogy filed Wednesday accuses Compass of “illicit” business practices, “predatory” poaching and attempts at price-fixing. The 68-page suit, filed in New York State Supreme Court, provides a raft of detailed examples for how the $4.4 billion Softbank-backed firm allegedly operates — from making “inflated” job offers […]
Compass reaches legal settlement with Zillow over poaching at its Seattle tech hub
Compass CEO Robert Reffkin and Zillow CEO Rich Barton Zillow Group and Compass have buried the hatchet over allegations that the SoftBank-backed brokerage poached three technology executives from the listings giant. The two companies — at odds since Zillow filed two separate lawsuits in April — said Wednesday that they settled those cases, which were […]
Realogy slams Compass with explosive suit
Realogy CEO Ryan Schneider and Compass CEO Robert Reffkin Compass was slammed with an explosive and wide-ranging lawsuit Wednesday accusing the SoftBank-backed brokerage of price-fixing and collusion, theft of confidential information and unfair business practices. The 68-page document was filed by Realogy, the country’s largest brokerage conglomerate. In the opening paragraph, Realogy alleges Compass’ “unfair business […]
Brokers in cabs: Corcoran Group’s Sydney Blumstein
[video_embed][/video_embed] In the second episode of The Real Deal‘s new series “Brokers In Cabs,” the Corcoran Group’s Sydney Blumstein talked about agent gossip, how a dating competition in her rental broker days led to gobs of new business, the appeal of first-time homebuyers, and why she thinks many developers are three years behind the curve […]
Movers & Shakers: Compass acquires Orange County team, Colliers recruits El Warner… and more
From left: Rex McKown, Marcy Weinstein and El Warner Compass has resumed its shopping spree. The firm acquired a 15-person team, known as McKown Weinstein Associates, from Surterre Properties in Orange County. The team is led by principals Rex McKown and Marcy Weinstein, and includes 11 agents and two staff members. Collectively, they’ve brokered some […]