{"id":4641,"date":"2023-08-16T22:24:34","date_gmt":"2023-08-16T22:24:34","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/16\/compass-expands-norcal-operations\/"},"modified":"2025-03-13T02:52:42","modified_gmt":"2025-03-13T02:52:42","slug":"compass-expands-norcal-operations","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/16\/compass-expands-norcal-operations\/","title":{"rendered":"Compass expands NorCal operations"},"content":{"rendered":"\n

Monterey Bay Properties<\/strong> is joining Compass<\/a>, a move that will allow the brokerage giant to expand its Northern California<\/a> operations, the company announced Wednesday.<\/p>\n\n\n\n

Founded in 1980, Santa Cruz-based Monterey Bay Properties includes around 40 agents<\/a>. For Compass, the merger brings its total number of real estate professionals in the Lake Tahoe, Wine Country, East Bay, San Francisco, Silicon Valley and the Monterey Peninsula areas to more than 5,000.<\/p>\n\n\n\n

\u201cWe are delighted to announce an exciting new chapter for Monterey Bay Properties,\u201d John Hickey, a broker-associate at Monterey Bay Properties, said in a statement. The team brings \u201cvast collective local real estate knowledge and the willingness to share it within a highly collaborative company culture,\u201d he noted. <\/p>\n\n\n\n

Compass recorded a 26% annual drop in revenue to $1.5 billion and a net loss of $46.9 million during the second quarter of 2023<\/a>. The firm, however, reported positive free cash flow of $51 million, a major milestone for the Robert Reffkin-helmed company. Compass is the No. 1 ranked brokerage<\/a> in the country by sales volume, after reporting $227.977 billion in sales volume in 2022, according to the 2023 RealTrends 500<\/strong><\/a> rankings.<\/p>\n","protected":false},"excerpt":{"rendered":"

Monterey Bay Properties is joining Compass, a move that will allow the brokerage giant to expand its Northern California operations, the company announced Wednesday.<\/p>\n","protected":false},"author":34740,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[1760],"class_list":["post-4641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nCompass expands NorCal operations - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"Compass expands its NorCal operation as Santa Cruz-based independent Monterey Bay Properties joins the brokerage\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/16\/compass-expands-norcal-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compass expands NorCal operations\" \/>\n<meta property=\"og:description\" content=\"Compass expands its NorCal operation as Santa Cruz-based independent Monterey Bay Properties joins the brokerage\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2023\/08\/16\/compass-expands-norcal-operations\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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