Wintrust Business Minute: @properties to be acquired by Compass for $444 million

Wintrust Business Lunch

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Chicago’s @properties is being acquired by New York-based Compass real estate in a deal valued at $444 million. Compass also gets the Christie’s brand, which was previously acquired by @properties. Full terms of the deal haven’t been disclosed. It’s expected to be finalized next year. Headquartered in Chicago, @properties is the eighth-largest residential U.S. brokerage by sales volume. It operates out of Illinois, Indiana, Michigan, Wisconsin and in the Atlanta area. @properties launched 24 years ago. It’s unclear whether the @properties brand will be maintained.

Also, the philanthropic arm of Google will gift $1 million to University of Illinois Chicago for artificial intelligence training for undergraduates. Listen for more below:

https://serve.castfire.com/audio/7095668/7095668_2024-12-03-222908.64kmono.mp3

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