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Deborah Netburn

Corcoran’s Dream: One Tremendous, Profitable Family

It was going to be a lavish affair: The 600 brokers of the Corcoran Group gathered on top of the ice rink at Rockefeller Center on Sept. 25 for drinks, dinner and dancing to celebrate the sale of the company to NRT Inc., the largest national residential real-estate company. But just as Corcoran chief operating Read More

Pricey Uptown Co-ops in Serious Slowdown, According to Brokers

15 PERCENT INCREASE IN PRICE, BUT 55 PERCENT SALES DROP The city’s three largest residential real-estate brokerages have finally agreed on something: The luxury co-op market has seriously downshifted.

According to second-quarter and mid-year reports by the three companies–Brown Harris Stevens, the Corcoran Group and Douglas Elliman, which together handle roughly 70 percent of the Read More