Another Coldwell Banker brand in New York is being absorbed into Compass.
Coldwell Banker Warburg is folding into Compass, ending Coldwell Banker’s five-year run as an owned brokerage in New York City, The Real Deal reported. Agents will operate as “Warburg at Compass,” though a timeline for the transition hasn’t been set.
The move follows Compass’ completed acquisition of Anywhere Real Estate, the $1.6 billion deal that brought Coldwell Banker, Corcoran and Sotheby’s International Realty under the newly formed Compass International Holdings when it closed in January, Inman previously reported.
Coldwell Banker Warburg regional vice president Kevelyn Guzman, who is an Inman contributor, will remain with the firm as a managing director, according to The Real Deal.
This is a developing story and will be updated as more information becomes available.
