Compass makes layoffs while brokers jump ship, while NY landlords face an energy crisis | The Real Estate Rundown
THE RUNDOWN:
???? As usual lately, there’s some drama at Compass. This time, it’s more layoffs?
?? Meanwhile, a Miami Compass team jumped ship for Douglas Elliman
?? We looked inside a resi tower beside to a soon-to-be Guinness brewery in Chicago
?? Winter is coming in New York… and so are higher heating bills
?? Keller Williams is going to teach homeowners how to transfer wealth in Texas
?? In San Francisco, a rare $388 million deal for three life sciences complexes
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THE DETAILS?
???? In an uphill and very public battle, Compass is trying to become profitable. Its latest means to this end: a $23-$26 million severance package for what TRD understands is a massive round of layoffs.?
??The husband and wife-led Assouline team, who’ve made $300 million in sales since expanding to Miami from New York in 2020, are moving back to Douglas Elliman after 4 years at Compass. The team said only good things about their time at Compass, but we can’t forget that the company recently stopped offering agents equity.?
?? The country’s second Guinness brewery is set to open in Chicago’s rapidly-changing Fulton Market by St. Patrick’s Day next year. Alongside it, developer Fred Latsko is planning a 500-unit apartment complex, and TRD got a first look. Of note: the developer pivoted from plans to build an office tower to this resi complex mid-pandemic.?
?? Last winter’s gas bills were 60% higher than 2020 in New York. In 2022, residents and landlords are looking at another jump of almost 30%. Thanks, Putin.?
?? For all the times you’ve wondered, “why isn’t my realtor also my financial advisor?” Keller Williams is on it. The Austin-based firm is launching a KW Real Estate Planner class to get their agents certified to dispense wealth management advice.??
?? In a $388 million deal, GI Partners paid $1,168 per square foot for three multi-tenant life sciences complexes in the Bay Area. The deal is unusual because landlords tend to hang on to newer life sciences properties like the ones GI acquired.
Associate Broker Compass
2 年You seem to have it out for Compass? It is such a great company and I hope your readers see this is a case of political journalism not truth telling.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
2 年Again Hills and Valleys In The Real Estate Business.