The Real Deal New York

Posts Tagged ‘Urban Compass’

  • From left: Leonard Steinberg, 450 West 25th Street and Ben Shaoul

    From left: Leonard Steinberg, 450 West 25th Street and Ben Shaoul

    UPDATED, Dec. 17, 4:17 p.m.: Ben Shaoul’s conversion of a four-story multifamily building in West Chelsea into a modern townhouse has set a record north of 23rd Street, broker Leonard Steinberg claims. [more]

    5 Comments
  • serhant-1

    Ryan Serhant and 277 East 7th Street in East Village

    Ryan Serhant, a Nest Seekers International broker and star of “Million Dollar Listing New York,” is taking over sales at 277 East 7th Street, a six-unit condo building that has been on the market for approximately two months with no units sold. [more]

    6 Comments
  • From left: Aby Rosen, a rendering of 610 Lexington and Robert Reffkin

    From left: Aby Rosen, a rendering of 610 Lexington and Robert Reffkin

    Aby Rosen’s RFR Realty – which already leases more than 60,000 square feet of office space to Urban Compass – is poised to retain the brokerage to market its 61-story condo development in Midtown. [more]

    1 Comment
  • From left: rendering of 152 Elizabeth Street and Tadao Ando

    From left: rendering of 152 Elizabeth Street and Tadao Ando

    Japanese architect Tadao Ando has designed some of the world’s most celebrated buildings. He’s won every major architecture award. The only thing that’s seemed to elude him: designing a New York City apartment building. [more]

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  • From left: Kyle Blackmon, 88 Central Park West, Sting and Unit 2/3S

    From left: Kyle Blackmon, 88 Central Park West, Sting and Unit 2/3S

    Billionaire Michael Naify sold his Central Park West apartment — a duplex at the Brentmore once owned by Sting and Billy Joel — for $17.1 million. [more]

    2 Comments
  • Is Urban Compass really the future?

    November 25, 2014 08:30AM
    From left: Ori Allon, Leonard Steinberg, Kyle Blackmon and Robert Reffkin

    From left: Ori Allon, Leonard Steinberg, Kyle Blackmon and Robert Reffkin

    Brown Harris Stevens’ Twitter handle reads, simply, “@Established1873.” The brokerage trades upon its distinguished lineage and generally manages to keep its white-gloved hands out of industry drama. But when real estate startup Urban Compass poached elite broker Kyle Blackmon last week, BHS president Hall Willkie decided it was time for those gloves to come off.

    “Kyle has made the decision that the equity proposition offered to him trumps a singular focus on brokerage,” Willkie said in a statement to The Real Deal. He questioned the wisdom of that decision in an internal BHS memo that stated: “The value of Kyle’s or anyone’s equity will be dependent on the success of Urban Compass’ founders implementing their vision of selling their company for substantially more than many industry experts believe is possible.”

    Willkie’s statement echoed what many in the industry have whispered – or shouted under the cloak of anonymity – for months. Urban Compass, these sources say, is merely an idea – albeit a well-choreographed, Ivy League and McKinsey-branded one. But even with a $360 million valuation, they ask, is it really the future? [more]

    4 Comments
  • Kyle Blackmon leaves BHS for Urban Compass

    November 21, 2014 12:05PM
    From left: Kyle Blackmon, the $88M penthouse at 15 CPW, Hall Willkie and Robert Reffkin

    From left: Kyle Blackmon, the $88M penthouse at 15 CPW, Hall Willkie and Robert Reffkin

    Kyle Blackmon, one of the city’s elite luxury brokers and the holder of the distinction of New York City’s priciest closed sale, has jumped to Urban Compass from Brown Harris Stevens, The Real Deal has learned. [more]

    22 Comments
  • Urban Compass buys DC firm

    November 13, 2014 10:29AM
    From left: Lindsay Reishman and Ori Allon

    From left: Lindsay Reishman and Ori Allon

    UPDATED 11:20 a.m., November 13: A little more than a year after its buzzed-about launch in New York City, startup brokerage Urban Compass has acquired a Washington, D.C.-area firm and will expand to the nation’s capital.

    The firm, which has 80 staffers and 108 agents in New York, is acquiring Lindsay Reishman Real Estate, the Washington Post reported. The D.C. brokerage, which has 25 agents, is headed by Lindsay Reishman. [more]

    Comments
  • rental

    From left: 30 Willow Place unit in Brooklyn Heights listed for $5,000 per month and 524 West 19th Street unit in Chelsea listed for $18,000 per month

    A three-bedroom Lincoln Square condo was the most popular Manhattan rental listing last month, according to data provided by StreetEasy. [more]

    Comments
  • From left: Julia Hoagland, Timothy Rothman and Howard Spiegelman

    From left: Julia Hoagland, Timothy Rothman and Howard Spiegelman

    A top-performing broker team from Brown Harris Stevens, along with a five-member team from the Corcoran Group, are the latest catches for real estate brokerage startup Urban Compass. [more]

    5 Comments
  • 271-cpw

    271 Central Park West on the Upper West Side (Inset: Jay Glazer and Wesley Edens)

    Wesley Edens, founder of Midtown-based private equity firm Fortress Investment Group and owner of the Milwaukee Bucks, is asking $17 million for his six-bedroom co-op at 271 Central Park West on the Upper West Side. [more]

    Comments
  • From left: Kiefer Sutherland and his townhouse on Greenwich Street

    From left: Kiefer Sutherland and his townhouse on Greenwich Street

    Kiefer Sutherland’s former home at 736 Greenwich Street is back on the market. [more]

    Comments
  • From left: Eugene Litvak, 316 Bergen Street and 267 6th Street

    From left: Eugene Litvak, 316 Bergen Street and 267 6th Street

    Urban Compass’ Litvak Team bagged exclusive marketing rights to developer Miki Naftali’s Brooklyn portfolio, The Real Deal has learned. [more]

    13 Comments
  • From left: Robert Reffkin, Leonard Steinberg and Lever House at 390 Park Avenue

    From left: Robert Reffkin, Leonard Steinberg and Lever House at 390 Park Avenue

    Urban Compass is expanding to Park Avenue’s Lever House. [more]

    5 Comments
  • The penthouse at 7 Harrison Street in Tribeca (Credit: Steven Harris Architects)

    The penthouse at 7 Harrison Street in Tribeca (Credit: Steven Harris Architects)

    The $25 million penthouse at Tribeca’s 7 Harrison Street goes live this morning, and The Real Deal got a first peek. The Southern California-style, glassy duplex house, designed by Steven Harris, is inspired by the work of late Austrian-American modernist architect Richard Neutra. The unit has four bedrooms and 4.5 bathrooms spread over 4,200 square feet. [more]

    Comments
  • Eugene Litvak and Robert Reffkin

    Eugene Litvak and Robert Reffkin

    Citi Habitats’ top-producing broker team has decamped to Urban Compass.

    The 10-person Litvak Team, led by Eugene Litvak, will help spearhead the opening of a Brooklyn office for Urban Compass within the next six months, CEO Robert Reffkin told The Real Deal. “We plan to invest a lot in growing Brooklyn,” he said. Of Litvak, he added, “We’ll start growing Brooklyn around him and other agents.” [more]

    Comments
  • From left: Stacey Froelich, Robert Reffkin and Jesse Shafer and Greg McHale

    From left: Stacey Froelich, Robert Reffkin and Jesse Shafer and Greg McHale

    Real estate startup Urban Compass nabbed three more broker teams – and upwards of $35 million in exclusive listings – from rival brokerage the Corcoran Group.

    Among the hires is the top-producing LaChance Team, a five-member unit led by Debra LaChance that is bringing more than $25 million in exclusives to Urban Compass, the brokerage told The Real Deal. The group, which includes Denise LaChance, Ariel Brenner, Betsey Kane Margolies and Kimberlee Knecht, joined Urban Compass as of Wednesday, and their listings were immediately removed from Corcoran’s website. [more]

    26 Comments
  •  

    From left: Citi Habitats' Gary Malin and Urban Compass' Robert Reffkin and Ori Allon

    From left: Citi Habitats’ Gary Malin and Urban Compass’ Robert Reffkin and Ori Allon

    This story was initially published yesterday at 8:15 p.m. It has been updated with the court’s ruling on the order below.

    Following a lawsuit filed by real estate brokerage Citi Habitats, which accused rival Urban Compass of hacking into its proprietary listings database, a judge has granted a restraining order against the tech startup, preventing it from accessing the database. But the court did not grant Citi Habitats’ request that the court halt Urban Compass’ own software development — which Citi Habitats argued may improperly utilize data gleaned from its system.

    The ruling, by Judge Jeffrey Oing, came on the same day that Citi Habitats sued Urban Compass — the second time Urban Compass was hit with a lawsuit in two months accusing the startup of stealing trade secrets. [more]

    37 Comments
  • From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    Extell Development’s top design executive left Gary Barnett’s firm to join Urban Compass. Roy Kim, who worked on projects including One57 and the Carlton House, will build a new development team at the cash-rich real estate tech startup. [more]

    14 Comments
  • From left: Avi Dorfman and Robert Reffkin

    From left: Avi Dorfman (Credit: Columbia Spectator) and Robert Reffkin (Credit: Urban Compass)

    Hot on the heels of a $360 million valuation, Urban Compass is being sued by an entrepreneur claiming that the company and its CEO Robert Reffkin adopted his product and business model under false pretenses — and then unceremoniously cut him out of the action. [more]

    2 Comments
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