The Real Deal New York

James Morgan turns to Compass from Corcoran

Top Soho producer sold $75M of real estate last year

February 12, 2015 04:40PM
By E.B. Solomont

From left: James Morgan and Robert Reffkin

From left: James Morgan and Robert Reffkin

Days after dropping “Urban” from its name, the brokerage Compass lured top-producing agent James Morgan away from the Corcoran Group.

Morgan sold $75.7 million worth of real estate in 2014, and he put another $27 million of property into contract, according to Compass. He was Corcoran’s top agent in Soho last year.

In addition to sales at 25 Central Park West, where Morgan is a resident, he represented fashion designer Derek Lam last year in the designer’s $4.8 million buy at 50 Gramercy Park North. Morgan previously listed Lam’s loft at 92 Greene Street, which sold for $5.25 million.

Also last year, Morgan sold a $9.15 million co-op at the Orwell House on the Upper West Side to “Jack Reacher” author Lee Child. The seller was Expedia CEO Dara Khosrowshahi.

Last week, Compass changed its name in a move that it said would help its national expansion. Four months ago, the firm, which has raised more than $70 million from investors, acquired Lindsay Reishman Real Estate in Washington, D.C. Compass CEO Robert Reffkin told The Real Deal that the firm has $600 million in exclusive listings and $2.5 billion in its new development pipeline.

  • J.M

    I love Compass!! The #1 brokerage in New York.

    • no-permits

      YEAH! AWESOME! SUPER!

    • What a joke

      Stop lying to yourself

  • Broker

    Very elegant broker. Congrats.

  • no-permits

    urban compass sounded kind of cheesy, compass is a little better.

  • art

    #1Brokerage in NYC far from it!
    Concentrate on NYC before expanding elsewhere as Compas is not even in the top ten in company-agents, sales, listings,market share, far from being anywhere near Sotheby’s, Corcoran, Elliman, Halstead, Town or Core… How can they afford and continue to pay and lure these top agents with these signing bonuses?

    • tj

      Smoke & Mirrors, just watch those power brokers will go back or elsewhere in a year or so! How can they continue to “BUY” agents like this @ Compass?
      The staff is larger than their agents!? What company in real estate has such an unnecessary list of employees with useless titles as their company? Check it out…nonsense!

    • Pompass

      They have the support of deep pockets, so none of the money they’re using is actually theirs.

      • Let’s get real

        Yes, and one day soon, that money tap will dry up.

  • Broker #2

    BUBBLE: “I had a front row seat for the Internet Bubble, because I worked at Yahoo during 1998 and 1999. One day, when the stock was trading around $200, I sat down and calculated what I thought the price should be. The answer I got was $12. I went to the next cubicle and told my friend Trevor. “Twelve!” he said. He tried to sound indignant, but he didn’t quite manage it. He knew as well as I did that our valuation was crazy.”

    • Be Realistic

      And so is Urban Compass’s valuation.

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