Compass is acquiring @properties and Christie’s International Real Estate in a cash and stock deal totaling $444 million. The deal will include title and mortgage businesses Proper Title and Proper Rate, as well as a lead-generation business, Suburban Jungle. @properties is the 8th largest residential brokerage in the United States by sales volume, with operations…
New York-based real estate brokerage Compass Inc. announced a third round of layoffs Thursday as part of its ongoing cost-cutting strategy in the face of a housing slowdown. Compass CEO Robert Reffkin has made major investments in technology as part of its business strategy in the competitive residential brokerage industry. According to reports, the cuts…
A California agent has filed a lawsuit against real estate startup Compass, accusing the company of engaging in bait-and-switch tactics to lure high-performing agents away from other companies. The suit filed by former Compass agent J. Gregory Maffei, first reported by Inman, alleges Compass uses “unfair, unlawful and fraudulent business practices.” It seeks $10 million in…
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