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From left: American Express CEO Kenneth Chenault, Joshua Kushner, Richard LeFrak, Softbank CEO Masayoshi Son, Miki Naftali and Salesforce CEO Marc Benioff (Getty)
Compass investors could be in line for a windfall when the residential brokerage goes public later this year.
Since its launch in 2012, Compass has raised more than $1.5 billion from investors, who collectively hold a 60.25 percent stake in the startup, according to data from Pitchbook.
That group includes late-stage backers SoftBank Group, Wellington Management and Dragoneer. It also includes Joshua Kushner’s Thrive Capital, Salesforce CEO Marc Benioff and American Express CEO Kenneth Chenault, who invested in Compass’ early funding rounds, along with industry players Miki Naftali and LeFrak.
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Bloomberg
The Naftali Group intends to build two high-rises at one of the last major residential development sites along the Williamsburg waterfront, according to plans filed with the city on Tuesday.
Developer Miki Naftali purchased the Kent Avenue site by the East River for about $102 million in May, and he plans to erect two buildings, one at 480 Kent Ave., the other at 490 Kent Ave. The structure at 480 Kent Ave. will span about 220,000 square feet and stand 21 stories and 225 feet tall with 182 residential units. The building at 490 Kent Ave. will span about 260,000 square feet and stand 22 stories and 225 feet tall with 249 residential units.
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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