Home | Newsletter | Advertise
loading...

Tech-Savvy NYC Brokerage Firm Urban Compass Expands to D.C.

  • Nov 13th 2014

by Lark Turner

Tech-Savvy NYC Brokerage Firm Urban Compass Expands to D.C.: Figure 1

Lindsay Reishman Real Estate, a boutique D.C. real estate brokerage, has been acquired by Urban Compass, a New York City brokerage with a focus on technology, the companies announced Thursday.

Reishman (an advertiser with UrbanTurf) will become president of Urban Compass’ first branch outside New York. The company, most recently valued at $360 million, has been planning to expand to other markets since its model began to show success in NYC. D.C. came first, according to CEO Robert Reffkin, because Lindsay Reishman Real Estate was a good fit, and the city has a promising real estate market.

“We view D.C. as one of the country’s real estate markets that’s really growing,” Reffkin said.

Urban Compass is responsible not only for a much-hailed app that aims to better connect buyers with the right agents and properties, but also for behind-the-scenes, data-driven tools, including a valuation tool that prices properties with more accuracy, Reffkin said.

Reishman told UrbanTurf he wasn’t looking to sell when he was first approached by the company last spring.

“I was trying to figure out how to get to the next level and open additional offices and hire the additional management. I realized this was by far the best option available,” he said.

Urban Compass will begin visibly rolling out in D.C. in early 2015.

See other articles related to: lindsay reishman real estate, urban compass

This article originally published at https://dc.urbanturf.com/articles/blog/tech-savvy_nyc_brokerage_firm_urban_compass_expands_to_d.c/9216.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse