Urban Compass, the real estate brokerage that has raised more than $70 million, is dropping the “Urban” from its name and will henceforth be known as Compass, according to a report.
The news was confirmed by a source close to the company.
The firm is changing its name to create more of a national presence, according to New York Real Estate Report, a website run by Douglas Elliman agent Brian Meier.
The brokerage is also expanding locally. Top Brooklyn agent Lindsay Barton Barrett, who was the Corcoran Group’s No. 1 individual agent in 2013, recently followed several colleagues to Urban Compass. [NY Real Estate Report] – E.B. Solomont