Tuesday, 23 October 2018

Are firms like Compass and Douglas Elliman too big to fail? Or just too big?

Months after news broke of Compass’ bombshell acquisition of Pacific Union, the resultant shock waves are still hitting all corners of the market. With Pacific Union’s 1,700 agents and 54 offices under the Compass banner, Robert Reffkin’s tech unicorn is now the largest independent brokerage in California, according to Real Trends. The Pacific Union acquisition comes exactly one year after another New York residential giant, Douglas Elliman, gained a bigger foothold on the West Coast […]



source https://therealdeal.com/la/issues_articles/too-big-to-fail-or-just-too-big/#new_tab

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