Glenview Agent Brandy Issac Joins @properties

A Glenview agent — and her $30 million-a-year group — is making the jump from Compass to @properties Christie’s International Real Estate.

Brandy Issac, who oversees a team of three agents, switched brokerage affiliations earlier this month, according to an Instagram post announcing the move.

She operates in Glenview, Evanston, Wilmette and other North Shore suburbs. Issac, whose team closed more $30 million in transactions this year, declined to comment on the move, which amounts to an alliance with an expanding firm and a departure from one planning massive spending cuts in response to steep drops of its stock value and mounting losses.

Compass’ loss of Isaac comes at a difficult period for the New York-based brokerage whose financial challenges have captured the attention of the residential real estate industry. The company has responded to setbacks with plans to cut about $320 million, or 20 percent of its operating expenses, by the end of 2022.

Originally billed as a technology company, the firm sought to reinvent the homebuying process, and raised record amounts of capital before struggling this year as the residential real estate market slowed. Its stock price was down to $2.24 at Thursday’s close, a substantial cut from its peak of $20 in April 2021.

The company laid off about 1,200 workers this year but still has over 3,000 employees.

To break even, Compass must hit its fourth-quarter revenue projection of $1.3 billion, while also reaching its cost-saving goals.

Issac joins Chicago-based @properties in the midst of the Chicago-based brokerage’s simultaneous regional and national growth. In December 2021, @properties acquired Christie’s International Real Estate in a deal that allows the luxury broker to use technology, marketing and support platforms of @properties.

Prior to the Christie’s acquisition, @properties also made plans for its own expansion, announcing it was going to franchise the @propreties brand nationally in 2020.

The @properties and Christie’s International Real Estate brokerages combined for record sales over the last 12 months, with more than $23 billion in company-owned brokerage business and more than $75 billion in total network sales volume.