Under Mark Jaccom, Cresa predicts business will double — but won’t disclose deals

TRD New York /
Jan.January 14, 2013 02:00 PM

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.

However, since Jaccom assumed the position in June 2012, Cresa has not revealed any closed deals. Its new clients are still looking for space or finalizing deals, and the firm won’t release numbers until transactions are complete, the Journal said.

Still, predictions indicate that Jaccom will have pulled in $6 million in commissions, and a team of five brokers he brought on will have amassed $5 million in commissions, by his first year at the firm.

“I’ve become their father figure,” Jaccom told the Journal. “I think they were a team without a leader.” [WSJ]Zachary Kussin


Related Articles

arrow_forward_ios
Jamie Addeo and James Pirot (Credit: Cresa and Twitter)

Cresa settles gender, sexual discrimination suit with broker

Cresa broker files gender, sexual discrimination lawsuit against principals

Cresa broker files gender, sexual discrimination lawsuit against principals

Mark Jaccom leaves JRT Realty for Walter & Samuels

Mark Jaccom leaves JRT Realty for Walter
& Samuels

Former Cresa NY head Mark Jaccom joins  JRT Realty

Former Cresa NY head Mark Jaccom joins
JRT Realty

Mark Jaccom no longer leading Cresa New York

Mark Jaccom no longer leading Cresa New York

NYC’s TAMI tenants grow up, move out: Q&A, Part II

NYC’s TAMI tenants grow up, move out: Q&A, Part II

#Struggling Twitter puts two floors of Chelsea HQ on sublease market

#Struggling Twitter puts two floors of Chelsea HQ on sublease market

Cresa appoints former Cushman exec Underhill as CEO

Cresa appoints former Cushman exec Underhill as CEO

arrow_forward_ios
Loading...