realestate

Luxury East Coast Brokerages Shift to Compass and eXp

Industry News: Mergers, Acquisitions, and Leadership Changes in Real Estate.

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    Compass solidifies its presence in Washington D.C. with the acquisition of luxury brokerage Washington Fine Properties. The deal brings 150 agents and a reputation for high-end sales to Compass' existing operations in the region. Led by Principal Broker Dana Landry and President Thomas Anderson, Washington Fine Properties has transacted over $43 billion in real estate sales since its inception.

    In Florida, eXp Realty welcomes luxury brokerage Living Vogue Real Estate, led by Mark Coppens and Matt Hickey. The 50-agent firm will become part of eXp Luxury, allowing Coppens and Hickey to focus on sales and agent mentoring while leveraging eXp's operational support.

    Drew Backoff returns to Douglas Elliman as Vice President of Marketing for new development in Miami/Fort Lauderdale. He will lead marketing efforts for The Delmore at Surfside, a luxury condominium development. Backoff brings over 20 years of experience in marketing and previously worked with Compass Development Marketing Group.

    In West Virginia, Property Elite, LLC joins the ERA brand as ERA Property Elite. Owners Craig Allison and Chris Luzier aim to expand their business while maintaining a personal touch through ERA's centralized systems and services.

    Other notable brokerage news includes:

    * Better Homes and Gardens Real Estate Pathways opening in Charlottesville, Virginia, led by Marjorie Adam, Lance Hoover, and Matthew Woodson.

    * Century 21 Middleton taking up the Century 21 banner in San Antonio, Texas, after operating as Middleton Group Realty for five years.

    * Engel & Völkers expanding into Pikes Peak, Colorado, with License Partner Travis Turner at the helm.

High-end East Coast real estate brokerages merge with Compass and eXp Realty.