Compass taps Rory Golod as GM of New York

He has been CEO Robert Reffkin's chief of staff since 2016

New York /
Oct.October 30, 2018 07:00 AM

Rory Golod and Compass offices at 90 Fifth Avenue (Credit: RFR Space)

Rory Golod — who for two years was Compass CEO Robert Reffkin’s right-hand-man — has been tapped as general manager of the firm’s New York region.

As GM, Golod will oversee Compass’ 1,400 agents and 18 offices in New York, where the SoftBank-backed brokerage has been increasing its brick-and-mortar footprint.

Compass introduced the GM role about a year ago as the firm ballooned in size. The company — which was valued at $4.4 billion after a $400 million Series F in September — now has north of 7,000 agents around the country, which it’s carved up into 11 regions. They include New York, Los Angeles, San Francisco, Miami, Chicago and others.

Golod, a Long Island native, joined Compass in 2014 as a strategy and business development manager. In 2016, he became Reffkin’s chief of staff, a job that is part gatekeeper, part facilitator.

Because Reffkin spends so much time traveling his chief of staff acts as his “proxy so he can be out there running the company,” said Golod, who will be succeeded by Neda Navab, who worked at Sidewalk Labs. Golod will now report to Compass COO Maelle Gavet, and said he plans to transition to the new job by the end of the year.

Because real estate is so “hyper local,” Golod said, the GM facilitates a certain amount of autonomy for regions. “We don’t want headquarters mandating how to do something,” he said. (For example, marketing practices vary by region as do commission splits, which are notoriously high in states like California and Florida.)

The New York region includes Manhattan, Brooklyn, the Hamptons, Westchester and Greenwich, Connecticut. Next year, Compass plans to expand into parts of Long Island and northern New Jersey.

In Manhattan, Compass recently inked a lease for a 5,400-square-foot space at 962 Madison Avenue, which had an asking rent of $1.35 million a year. The storefront has a 400-square-foot entrance. In April, Compass took 32,000-square-feet at SL Green Realty’s 10 East 53rd Street.


Related Articles

arrow_forward_ios
FiDi condo supply is through the roof as workers delay office return. (Getty)
FiDi condo glut is through the roof
FiDi condo glut is through the roof
eXp CEO Glenn Sanford (eXp, iStock)
Virtual broker eXp Realty has another record quarter
Virtual broker eXp Realty has another record quarter
RSA's Joseph Strasburg and Judge Lawrence Marks (Getty, Strasburg via Jeffersons Siegel)
Landlord group challenges state eviction ban
Landlord group challenges state eviction ban
Redfin CEO Glenn Kelman (Getty, Redfin)
Pocket listings exclude minority homebuyers, Redfin CEO says
Pocket listings exclude minority homebuyers, Redfin CEO says
(378 West End, 300 West and 567 Ocean Avenue, Getty)
April was best month for new condo sales in 5 years
April was best month for new condo sales in 5 years
As the economy rebounds, rental prices are following suit. With the eviction ban recently overturned, that spells trouble for tenants who are struggling to make ends meet. (iStock)
Rents rise across country as economy rebounds
Rents rise across country as economy rebounds
Howard Lorber (iStock, Getty)
Elliman reports $14M quarterly profit, 65% revenue jump
Elliman reports $14M quarterly profit, 65% revenue jump
Judith Nathan, Rudy Giuliani and 353 Lopers Path in Water Mill (Getty, Google Maps)
Rudy Giuliani’s ex-wife sells Hampton home for $5M
Rudy Giuliani’s ex-wife sells Hampton home for $5M
arrow_forward_ios

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

Loading...