On a family trip to Miami when Pamela Liebman was 4, what interested her the most were not the white sand beaches or the clear blue water, but the buildings. “What are those?” asked the future chief executive of the Corcoran Group, Manhattan’s top real estate brokerage firm.
“That’s a condominium,” her mother replied. She said she spent the rest of the trip rolling the word “condominium” off her tongue.
“I think I was predestined to go into real estate,” she said. Years later, when visiting her realtor aunt in Beverly Hills, she said the interest still hadn’t flagged. All the other kids wanted to swim the pool. “I just wanted to go look at the houses,” she said.
When brokers from the most posh Manhattan brokerages filed into a penthouse at 133 East 64th Street for a secret meeting earlier this month, the fact that the place had been seized two weeks earlier by U.S. marshals from contemporary America’s greatest financial villain was not the only thing on their minds.
What must have Read More
The Post follows the money and sees less and less of it. Miller Samuel reports a 13 percent drop in average home price in Manhattan—but then again, outrageous luxury sales have been exagerrating market gains for a long while. More troubling, the Times discovers, is the fact that it is taking Read More
You may be seeing a lot more of Barbara Corcoran‘s face in the near future. Ms. Corcoran resigned today from her position as chairman of The Corcoran Group in order to embark on a new television venture called Barbara Corcoran Productions, The Real Estate has just learned. Her production company plans Read More
Russian-born finance billionaire Leonard Blavatnik isn’t used to being rejected.
So when the board at 927 Fifth Avenue told him that he couldn’t buy Mary Tyler Moore’s 5,740-square-foot prewar co-op on the eighth floor, even with $18.5 million in hand, it must have smarted.
Soon insult was added to injury, when the board of Read More
On June 22, the Corcoran Group, backed by Parsippany, N.J.–based N.R.T. Corporation, acquired residential real-estate brokerage Citi Habitats Inc., New York’s largest rental firm, with 20 offices and more than 800 employees. In 2003, Citi Habitats recorded more than 11,000 rental transactions, with $600 million in rental volume; the same year, N.R.T. posted a real-estate-industry Read More
In the past year, Manhattan’s top residential real-estate brokerages have been remade through a furious welter of corporate consolidations that began in the late 1990′s and have placed Manhattan’s two largest residential brokerages, Douglas Elliman and the Corcoran Group, at the summit of a hyper-competitive market where nationally financed holding companies have dominated and, industry Read More