Corcoran shuffles East End management

New York /
Nov.November 04, 2010 06:30 PM
From left: Rick Hoffman, Tim Davis and Philip O’Connell

At the Corcoran Group’s Southampton office, a managerial shift that might have seemed like an insult was actually a company “goal,” the people involved in the moves said.

Tim Davis, who spent four years as senior managing director at Corcoran’s Southampton office, following the firm’s acquisition of his former company, Allan M. Scheider Associates, has left his role, with an outsider, Philip O’Connell, replacing him. O’Connell, who has no prior brokerage experience, is an East End native and a real estate attorney.

Rick Hoffman, a Corcoran senior vice president for the East End overseeing operations in the Hamptons, said the change was made so no managers in the Hamptons would also be selling homes.

“It was always our plan to have [a] non-selling manager,” Hoffman said of Davis, who was a Southampton office manager for 16 years, prior to Corcoran’s 2006 Schneider acquisition. “It’s a goal that we’ve had. In many companies, agents have a hard time going to a manager who is competing with them.”

Hoffman said O’Connell’s background in real estate law will make him valuable, even though he has no sales record.

Davis, who will stay on with Corcoran as a senior vice president and broker, will assume the new title of “East End Adviser,” an advisory role to the management team as a whole.

Davis said he was happy with the managerial change, and said that O’Connell’s lack of a brokerage background would not be a hindrance.

“I think his background in real estate law will bring something to the table. There are legal questions that come up on a regular basis,” Davis said.

O’Connell declined to comment.

According to Hoffman, there are no hard feelings.

“A non-selling manager can devote their full time to coaching,” Hoffman said. “If you’re selling, would you want to go to a manager who has a competing listing?”

 

Related Articles

arrow_forward_ios
49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)
Welcome to Queens: Corcoran opens first borough outpost
Welcome to Queens: Corcoran opens first borough outpost
Corcoran CEO & President Pamela Liebman (Credit: iStock)
Corcoran begins new lead-gen push via Facebook ads
Corcoran begins new lead-gen push via Facebook ads
Corcoran's David Mayer and Compass' Augusto Bittencourt (Corcoran, Compass, Getty)
Foreign investors shift real estate strategies as dollar strengthens
Foreign investors shift real estate strategies as dollar strengthens
Steve Gold with 534 Riversville Road (Corcoran Group, Compass)
“Million Dollar Listing” star Steve Gold buys 10-acre Greenwich estate
“Million Dollar Listing” star Steve Gold buys 10-acre Greenwich estate
Ryan Kaplan and Pam Liebman (Anthony Barillo, Corcoran Group, Getty)
Eklund-Gomes broker jumps to Corcoran
Eklund-Gomes broker jumps to Corcoran
Corcoran's Catherine Juracich and 37 Warren Street (Getty, 37 Warren Street via Compass)
Tribeca buyer accuses Corcoran broker over doorman claim
Tribeca buyer accuses Corcoran broker over doorman claim
Corcoran’s Catherine Juracich and Official’s Tal Alexander with 22 Bond Street (Getty, Alexander Brothers, BKSK Architects)
Shake-up at 22 Bond: Corcoran in, Tal Alexander out at NoHo condo
Shake-up at 22 Bond: Corcoran in, Tal Alexander out at NoHo condo
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...