The Real Deal New York

The Corcoran Group is cutting its
holiday party this year. Pamela Liebman, CEO of Corcoran, said the holiday
parties cost well over $100,000, and that brokers are having small
office parties instead. “It’s not the way to act right now! People are
losing their jobs [and] the economy is in a scary place; it’s not the time
to waste money on a celebration,” Liebman said. The Real Deal first reported last week that Prudential Douglas
Elliman canceled its holiday party.