A real estate firm from New York, Compass, is expanding to the bustling real estate markets of North Texas, putting its mark on the region with the purchase of new offices in Dallas. The firm has purchased a 24,000-square-foot office space to serve as its North Texas regional headquarters.
Compass says that it will employ over 80 sales agents out of the new office center. This number will expand to over 200, the company states. According to the chief growth officer at Compass, "Our momentum in Dallas is a testament to agents' commitment to growing their business providing their clients with best-in-class service." He also said, "We're excited to build out this office space to serve our agents and their clients across the region."
The real estate firm now owns properties in 14 cities around the United States. As a part of its continued expansion, it hopes to invest in eight more real estate markets.
The addition of this famous brand to the Texas real estate scene is no doubt the result of promising developments in the area of real estate investment throughout the state. Indeed, numerous individuals and firms are finding deals and opportunities for real estate investment that have the potential to bring profits.
It's important to remember that no matter how good a real estate investment deal appears, it is a business transaction that must be reviewed with an eye for detail and an in-depth understanding of Texas real estate law. If you're planning to make a large purchase, make sure your bases are covered and all your legal ducks are in a row.
Source: Biz Journals, "New York real estate firm expands North Texas presence with new regional HQ," April 23, 2018