From left: Mike Hulme, CEO of APR and Robert Reffkin, CEO of Compass (Credit: Twitter) Compass is tightening its grip on the Bay Area residential market. The New York-based firm acquired Alain Pinel Realtors, adding 1,300 agents across 33 offices in Northern California, according to a statement from Compass. Inman first reported the news. The […]
Clients of CRM Contractually are spooked by Compass takeover
Compass CEO Robert Reffkin and Contactually CEO Zvi Band It’s only been a few days since the $4.4 billion SoftBank-backed brokerage Compass bought Contactually, a cloud-based customer relationship management system used by major brokerages Sotheby’s International Realty and Berkshire Hathaway. And already clients of the CRM are expressing doubts about the future. Current Contactually users […]
National Cheat Sheet: Michael Cohen testifies about Trump’s real estate, Toll Brothers sees Great Recession-era numbers… & more
Clockwise from top left: Michael Cohen’s testimony touches on Trump Organization’s real estate endeavors, Amazon drops plans for a 722,000-square-foot lease at Seattle’s new Ranier Square tower, Toll Brothers sees some depressing numbers in the first quarter of 2019 and Realogy Holdings has its worst stock closing price in history after releasing an earnings report. […]
NRT CEO goes after Compass for “taking advantage” of its agents
Ryan Gorman and Robert Reffkin With a $4.4 billion valuation and a massive national expansion, Compass has become a major player in the brokerage landscape — and attracted its share of criticism. This time, it’s coming from NRT CEO Ryan Gorman. In an email to his executives, Gorman claimed Compass was “taking advantage” of its […]
Aaron Kirman’s “Listing Impossible” is LA’s latest real estate reality TV show
Aaron Kirman The Los Angeles market has lately become so crowded with properties asking pie-in-the-sky prices you’d think someone would make a show about it. And now CNBC has gone and done it. The aptly named “Listing Impossible” will star high-profile agent Aaron Kirman, who has struggled to sell the most outrageously priced piece of […]
A year in, Compass is a top 10 firm in Chicago. Not everyone’s sold though
Rob Lehman and Robert Reffkin (Credit: Getty Images, Columbia, and Compass) Compass’ move into Chicago set off alarm bells in the city’s hitherto staid brokerage industry. Now, a year later, the country’s most valuable brokerage on paper is among the top 10 firms in the city by deal volume. But given its ambition, its profile […]