From the June issue: Just when things appeared to be looking up for the New York City real
estate market, the industry was hit with shocking news: Coldwell Banker
Hunt Kennedy would close its doors. The fate of CBHK remains unclear [note: since the article ran, The Real Deal learned that the company is closing up shop]. But one thing is certain: Now that traffic seems to be
reviving somewhat in the normally busy early summer market, brokers are
scrambling to make up for this winter’s very slow months by doing as
many deals as possible. And as the demise of CBHK shows, many may find
that isn’t enough to put them on par with what they’ve earned in the
past.