Jarrod Guy Randolph, a top-producing broker at Core, is leaving the company to form his own brokerage, The Real Deal has learned. Randolph joined Core in 2012 after stints at Brown Harris Stevens and new development firm the Sunshine Group, now Corcoran Sunshine. He started working in real estate at the age of 16 and estimates he’s sold about $600 million in real estate over his career. Forbes recently named him one of its “30 under 30” in the real estate category.
“It’s time,” Randolph said of the decision. “I’ve worked for three incredible companies at the top of the industry, and I’ve really established my own system and own way of doing business.” That system includes employing a full-time “cultural attaché” to help him court wealthy foreign buyers, as TRD reported.
Randolph said he is bringing four team members from Core with him to his new firm and will hire two more agents. The firm, called JGR Property Group, just secured a 1,300-square-foot office on the Upper East Side, he said.
Randolph declined to comment on whether his two current listings, a $21 million Trump World Tower condo at 845 United Nations Plaza and a $3.3 million condo at 10 West End Avenue, will move with him or remain at Core. A spokesperson for Core declined to comment on Randolph’s departure.
In March, Reba Miller, the company’s senior managing director of sales, left to relaunch her own firm, as TRD reported.
Core went on a hiring spree in September, adding more than 10 new agents, including one of the Corcoran Group’s largest teams. The firm currently has $170 million in exclusive listings and nearly $1 billion of new development projects in the pipeline, according to the spokesperson. In April 2013, the firm had $344 million in exclusive listings, according to TRD‘s tally of data from On-Line Residential.