Barbara Corcoran joins Concierge Auctions as adviser

Corcoran Group founder to help direct company's brand and growth strategy
By Zachary Kussin | April 29, 2014 08:00AM

Barbara Corcoran, the real estate executive who founded the Corcoran Group with a $1,000 loan, has a new gig to add to her CV. The “Shark Tank” star, who reportedly had 20 different jobs by the time she turned 23, has joined luxury real estate auction firm Concierge Auctions as a strategic adviser, The Real Deal has learned.

Corcoran will not work full time here; she will still remain involved in her other businesses. In this position, she will work in New York City alongside the firm’s management team to direct Concierge’s brand and growth.

“Concierge is filling a void in the highest end of the market as the smart way to buy and sell the world’s finest properties,” Corcoran said in a release announcing her arrival. “I am bursting with ideas on how to push their rapid growth.”

Corcoran, through a spokesperson, could not be reached for additional comment.

Corcoran’s arrival comes amid a time of expansion for Concierge with an emphasis on international locations. The New York-based firm recently opened a London outpost. Recent auctions have taken place in the Bahamas, Fiji and Canada. One auction slated for May 15 is for Innocence Island in the Bahamas, which the company says is the country’s largest private island.

“We’re looking at a number of opportunities in Mexico, Europe, the United Arab Emirates — a lot of different areas,” Laura Brady, Concierge’s founder and president, told The Real Deal, though she couldn’t disclose specifics. “There’s going to be a lot of international business coming up.”

Business-wise, Concierge generated $194 million in sales last year, which marks a 36 percent year-over-year rise. Concierge also booked over $45 million in transactions in the first quarter of this year — a nearly 130 percent annual increase, according to the release.

“In order to meet the global demand for our solution, we are scaling up our team with the best talent in the industry,” Brady said in the release. “Bringing Barbara on board was an obvious choice.”