Urban Compass is now just Compass

Venture-backed brokerage rebrands

From left: Ori Allon and Robert Reffkin
From left: Ori Allon and Robert Reffkin

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.

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Earlier this month, Compass tapped Gene Martinez, formerly of Corcoran Group, to lead an expansion into Miami. Urban Compass also acquired Washington, D.C.-based Lindsay Reishman Real Estate.

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