Corcoran, Elliman, BHS Take A Fight Over ListingsTo NY Court

Corcoran is fighting two of its brokerage rivals in a New York court after they interfered with its push to move its listings onto Compass’ platform.

The legal battle is a technical one, centered around a back-end platform partly owned by Corcoran, Douglas Elliman and Brown Harris Stevens, though it’s an indicator of how Compass’ $1.6 billion merger with Corcoran’s former parent company, Anywhere Real Estate, could upend the industry’s status quo in New York City.

Last week, Corcoran sued Elliman, BHS and Eric Gordon — president and co-owner of Real Plus, the company behind Resource, the listings platform at issue in the lawsuit — after the two brokerages tried to stop Gordon from building a pipeline for Corcoran to transfer roughly 600,000 historical listings and 2,000 users from Resource to Compass’ Home technology.

Compass International Holdings rolled out its Home platform to all of the brands underneath its umbrella, including Corcoran, earlier this summer.

In court documents, attorneys representing BHS and Elliman argued Corcoran couldn’t use Real Plus to develop technology that would allow it to move its data from Resource to a competing platform without their approval, and that the loss of Corcoran’s participation could cause significant financial distress to the company they jointly own.

However, in the complaint, Corcoran argued that the brokerages didn’t have the authority to stop Gordon’s work and that it was planning to keep several hundred users on Resource, not completely abandon the platform.

A day after Corcoran filed the lawsuit, New York judge Melissa Crane temporarily blocked the firm from moving forward with the migration. The parties are scheduled to appear in court in November to present arguments over whether the temporary restraining order will remain in place.

Representatives for Brown Harris Stevens and Corcoran declined to comment on the pending litigation. Gordon representatives for Elliman did not immediately respond to a request for comment.

“Douglas Elliman and Brown Harris prevailed on their emergency order to show cause application temporarily blocking Corcoran and Gordon from ‘advancing the Migration of Plaintiffs’ listing data, operational functionality, or authorized users off Resource, including by directing or engaging Gordon or any other person to perform pipeline work for that purpose,’” attorney Massimo D’Angelo said in a statement.

Not so fast…

Manhattan’s residential market may be in the midst of a late summer slump, but that decline in activity hasn’t translated to lower prices, according to the latest report from UrbanDigs.

Last month, resale condos in the borough traded for a median of $1,500 per square foot, the highest achieved since the data analytics platform began tracking the metric in 2008. That number is expected to tick higher by the end of the third quarter, likely hitting $1,508, which would surpass the previous quarterly record of $1,472 per square foot logged in the second quarter of 2025.

Report author and UrbanDigs co-founder John Walkup chalked the uptick up to a drop in inventory in Manhattan, which is down 20 percent year-over-year.

“There may not be a rush of buyers. But the buyers who are active are competing for significantly fewer apartments,” Walkup wrote in the report. “Think of it as an extremely expensive game of musical chairs.”

NYC Deal of the Week

The priciest deal to land in city records this week was for a penthouse at 42 Crosby Street, which traded for $28.3 million. The off-market sale of the condo was between two parties whose identities are shielded by anonymous LLCs.

The 5,900-square-foot apartment last traded for roughly $19 million in 2019. A previous listing for the Soho property described it as a four-bedroom, five-bathroom duplex with a wood-burning fireplace and a 4,000-square-foot terrace.