CompStak taps NGKF exec to be national sales director

New York /
Feb.February 05, 2014 11:20 AM

Commercial real estate information firm CompStak has hired Andrew Phillips from Newmark Grubb Knight Frank to be their new director of enterprise sales, the company announced in a release today.

“Andrew’s deep experience in the financial sector will allow us to broaden our reach to an entirely new customer base,” CompStak CEO Michael Mandel said in the release. While at NGKF, Phillips started the firm’s loan sales business and handled over $1 billion in distressed asset sales.

“The real estate market is at a turning point where distressed debt opportunities are shrinking,” Phillips said in the release. “The future is in information that investors need to win more deals,” he added, and said that investors and lenders were “increasingly using CompStak’s data as a tool for underwriting deals and better managing risk.”

CompStak uses crowdsourcing to collect information about “comps” — details about pricing and other deal terms. The company claims to have data on nearly all of the Manhattan commercial office deals completed in the past year.

As of October, the company had raised about $5.6 million from investors, as The Real Deal reported. It is currently in eight national markets, including San Francisco and Chicago, and has plans to expand further. – Hiten Samtani


Related Articles

arrow_forward_ios
Newmark CEO Barry Gosin (Getty, iStock)

Newmark reports Q3 earnings down 25%

Newmark reports Q3 earnings down 25%
Trepp CEO Annemarie DiCola and Compstak founder Michael Mandel (iStock)

Trepp, CompStak form data-share partnership as their biggest competitor expands its reach

Trepp, CompStak form data-share partnership as their biggest competitor expands its reach
Director of Research & Analytics for CBRE Tri-State Nicole LaRusso, Vice Chairman & Director at Savills David Goldstein, and President of Newmark Knight Frank's Tri-State region David Falk

“For years we all laughed at them”: office brokers warm to virtual tours

“For years we all laughed at them”: office brokers warm to virtual tours
Director of Research & Analytics for CBRE Tri-State Nicole LaRusso, Vice Chairman & Director at Savills David Goldstein, and President of Newmark Knight Frank's Tri-State region David Falk

How to open up our offices on tonight’s TRD Talk

How to open up our offices on tonight’s TRD Talk
TSCG and SCG Retail's David Firestein, Meridien Retail Leasing's James Famularo and Newmark Knight Frank's Jeffrey Roseman

How to restart retail on today’s TRD Talk

How to restart retail on today’s TRD Talk
“Be very careful what you ask for,” top broker warns borrowers seeking relief

“Be very careful what you ask for,” top broker warns borrowers seeking relief

“Be very careful what you ask for,” top broker warns borrowers seeking relief
Barry Gosin, Sandeep Mathrani and Christian Ulbrich

WeWork taps JLL, Newmark to help negotiate rent relief

WeWork taps JLL, Newmark to help negotiate rent relief
From left: Realogy's Ryan Schneider, Cushman & Wakefield's Brett White and Newmark Knight Frank's Barry Gosin (Credit: iStock)

Brokerage stocks plunge amid market turmoil

Brokerage stocks plunge amid market turmoil
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...