Mark Jaccom

Cresa New York expects its business in the city will have doubled by June, a year after Mark Jaccom, the former tri-state co-chairman of Colliers International, was appointed president of the commercial brokerage, the Wall Street Journal reported. However, so far, the firm appears not to have closed any deals during his tenure. Cresa, which only represents tenants, said that it has doubled its staff to a total of 40, including 25 brokers and 15 consultants. The firm also recently moved into a larger, 13,000-square-foot space at 450 Lexington Avenue. [more]

Mark Jaccom

Mark Jaccom, the former Tri-state co-chairman of Colliers International, has plans to double the size of his new firm, Cresa Partners, within the next year. Appointed Cresa’s president three months ago, Jaccom told GlobeSt.com that he has hired eight more people already and has three more ready to sign on, bringing Cresa’s NYC presence to 31. When he was hired the office had 20 people, and he hopes to take it to 40, including 25 brokers.

With his focus now solely on tenant representation, Jaccom said he believes more of them are willing to look Downtown. While other brokers have reported that the newer, cheaper office space is being used merely as a negotiation tool, Jaccom believes tenants are legitimately interested in the newer, high-tech office stock. [more]