Fox Residential expands international services

TRD New York /
May.May 03, 2011 05:52 PM

Fox Residential Group is expanding its international division, Fox International Services, to meet the demands of foreign buyers of Manhattan residences, the firm announced today. The firm had always had an international division, but with the market downturn, it “went dormant” for the last 18 months, according to Barbara Fox, the firm’s president.

Fox said that during the last three month’s she’s noticed a spike in interest in Manhattan properties from international buyers in Europe, Asia and South America, and wants to service that market. She’s tapped directors Marzia Kennedy, a native Italian who is also fluent in Spanish, and experienced international broker Marcia Donen Roma to head the operation out of its New York offices. Fox said she’s increasing advertising in the foreign markets, and hopes to hire two to three more agents to grow the international service.

“The market has definitely started to rebound,” Fox said, “and we want to be prepared to handle the increased interest that comes along with the summer season when Europeans vacation out of their home countries.”

Fox Residential, whose lone offices are at 1015 Madison Avenue, was listed as the fourth largest boutique firm in Manhattan in the May issue of The Real Deal. TRD

Related Articles

Barbara Fox

Barbara Fox on why the big firms don’t have the cushion for a downturn

Barbara Fox and 180 East 79th Street

From the archives: Inside the home of Barbara Fox

Joan Kaplan and 111 West 67th Street in Lincoln Square

Top residential agents of the week

Teens becoming savvy real estate connoisseurs

Teens becoming savvy real estate connoisseurs

From left: Cathy Franklin of Brown Harris Stevens, Michele Kleier and Sabrina Kleier-Morgenstern of Kleier Residential and JP Forbes of Corcoran Sunshine (Photo credit: Stéphanie Lewin)

How real estate celebrated 2013: PHOTOS

Co-op at Upper West Side’s the Kenilworth sells for $12.5M

Co-op at Upper West Side’s the Kenilworth sells for $12.5M

Michael Gelband and the 733 Park Avenue pad

Ex-Lehman Bros. real estate honcho appears to be 733 Park Avenue unit buyer

Park Avenue penthouse hits the market for $21M

Park Avenue penthouse hits the market for $21M