Why Compass isn’t closing offices – Robert Khodadadian

When Compass announced an aggressive cost-cutting strategy, one of the places expected to get a hard look was its office footprint. After all, closing an office doesn’t require many layoffs, and in some regions, the firm has several prime locations within minutes of each other. Some of those leases were signed when rents were at a premium. But sources said the company isn’t reducing its physical footprint, despite looking to cut roughly $320 million from

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, Brokerage, compass The Real Deal New York Read More

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