Crain’s keeps tabs on the situation hounding Realogy, the parent company of the Corcoran Group and Sotheby's International Realty, among other brokerage brand-names.
The firm, which was taken private last year by Apollo Management in an $8.8 billion leveraged-buyout, has struggled mightily amid the housing crisis. Last week, the firm warned that it’s at risk of violating the terms of its bank loans and is trying to swap $1.1 billion of bonds for new debt at a discount.
