James Corcoran out as Town’s controller

Accounting head spent 10 months at the firm

New York /
Apr.April 16, 2015 12:58 PM

James Corcoran, Town Residential’s controller, left the company after less than a year on the job.

Corcoran gave notice several weeks ago and his last day was Wednesday, sources said.

Corcoran joined Town in June 2014, replacing Shaun Klein, who was Town’s controller from 2011 to 2014. Corcoran was previously the controller at Weichert Corporate Housing and Premier Relocation Solutions.

A spokesperson for Town said the brokerage’s finance department is run by Michael Schurer, who is also chief financial officer of Joseph Sitt’s Thor Equities. Sitt is also co-chair of Town.

“James was appreciated and he was valued while he was at Town and we wish him all the best,” the spokesperson said. “The CFO position [of the company] is held by Michael Schurer and it has not changed.” Town has identified a replacement for Corcoran, the spokesperson added, but declined to elaborate.

Town claims it sold $1.8 billion worth of real estate in 2014. In February, the firm, led by CEO Andrew Heiberger, announced a new partnership with Fortune International Group, a major brokerage and development firm in Miami.

 

Related Articles

arrow_forward_ios
Joe Sitt and Charles Scribner’s Sons Building in Midtown (Thor, Google Maps)

Thor’s $150M loan on 597 Fifth heads to special servicing

Thor’s $150M loan on 597 Fifth heads to special servicing
The Scribner Building at at 597 Fifth Avenue and Joe Sitt of Thor Equities (Wikipedia Commons)

Thor delinquent on $105M loan at 597 Fifth

Thor delinquent on $105M loan at 597 Fifth
Amazon's Jeff Bezos, Thor Equities' Joseph Sitt, and 280 Richards Street (Photos via Getty; Thor Equities)

Amazon inks deal for 312K-sf at Thor’s Red Hook warehouse

Amazon inks deal for 312K-sf at Thor’s Red Hook warehouse
Stefano Ricci, Joe Sitt and 118-120 Northeast 39th Street (Getty, Thor, Google Maps)

Thor Equities sues to evict Stefano Ricci from Miami Design District

Thor Equities sues to evict Stefano Ricci from Miami Design District
SL Green CEO Marc Holliday, 590 Fifth Avenue and Thor Equities CEO Joseph Sitt (Holliday via Grant Lamos IV/Getty Images; Google Maps)

SL Green moves to foreclose on Thor’s 590 Fifth Ave

SL Green moves to foreclose on Thor’s 590 Fifth Ave
Thor Equities’ Joe Sitt and a rendering of 933 Broadway (Credit: Thor)

Thor Equities sues Mactaggart over latest broken deal

Thor Equities sues Mactaggart over latest broken deal
Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off
Michael Shvo, Thor Equities’ Joe Sitt, Wharton Properties’ Jeff Sutton and 530 Broadway

Michael Shvo closes on Soho retail building for $382M

Michael Shvo closes on Soho retail building for $382M
arrow_forward_ios

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

Loading...