New York City residential real estate brokerage Compass Inc. has acquired Deasy Penner Podley (DPP), a boutique residential real estate and architecture firm in Pasadena, California.
DPP and its 175 agents will become part of Compass (NYSE: COMP), rebranding as DPP @ Compass. DPP founders George Penner and Mike Deasy will remain in leadership roles at the company while contributing to the growth of Compass' architecture and design division.
The Pasadena firm closed $1.25 billion in multifamily and luxury and historic single-family transactions across Southern California last year, from Santa Monica to Palm Springs. Its multifamily properties across Greater Los Angeles include Windsor Row Townhomes in L.A., Monaco Terrace in Pasadena, Millard Creek in Altadena, Beverly Grove Homes in West L.A., Willoughby Lofts in West Hollywood and Hyperion 4 in Silver Lake, among others.
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