Links between The Agency, Triplemint hint at deal
The countdown is on until The Agency officially launches in New York City. It hasn’t planted roots in the...
Issue
Why Blackstone bet $6B on Home Partners of America
When Blackstone Group makes a play in a new sector, people pay attention. From warehouses to life sciences to...
Zillow selling half of iBought homes, will buy back $750M shares
Zillow’s disastrous foray into iBuying may finally provide a silver lining to investors. The company’s shares jumped on Friday,...
Issue
Public relations: What’s next for an independent Douglas Elliman?
Richard Lampen was ready for a new assignment. It was the spring of 2020, and Lampen had just pulled...
New York
Compass shares drop below $10, another all-time low
Compass shares fell to a new low, dropping below $10 for the first time on Monday. The stock opened...
Bienvenidos a Miami: Here’s a glimpse inside the new Douglas Elliman
The new publicly traded Douglas Elliman will look a lot like the old one, but if investors cooperate, it...
Buyers go bonkers as Macklowe art auction fetches $676M
Reverberations from Harry and Linda Macklowe’s acrimonious divorce echoed throughout the art world Monday night as more than half...
New York
Compass, Avi Dorfman settle as brokerage’s shares hit all-time low
After a seven-year legal battle, Compass has rewritten its history to include tech entrepreneur Avi Dorfman as one of...
Compass reports $100M loss
UPDATED Nov. 13, 2021, 5:00 a.m.: Compass’ loss ballooned to $100 million in the third quarter from $13.5 million a year ago as operating expenses jumped. The brokerage reported earning more than $1.7 billion...
Douglas Elliman to go public in spinoff from Vector Group
UPDATED Nov. 8, 2021, 6:30 p.m.: Douglas Elliman is going public. The brokerage plans to spin off from Vector...