James Corcoran out as Town’s controller

Accounting head spent 10 months at the firm

TRD 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
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
Wharton Properties' Jeff Sutton, Thor Equities' Joe Sitt, 530 Broadway and Michael Shvo

Jeff Sutton and Joe Sitt are selling 530 Broadway for $400M

Jeff Sutton and Joe Sitt are selling 530 Broadway for $400M
Thor Equities' Joe Sitt and 180 Livingston Street (Credit: Google Maps, iStock)

Brooklyn megachurch sues Thor for “putrid” leaks from Dallas BBQ

Brooklyn megachurch sues Thor for “putrid” leaks from Dallas BBQ
Andrew Heiberger (Photo by Studio Scrivo)

Andrew Heiberger on the future role of a resi brokerage

Andrew Heiberger on the future role of a resi brokerage
494 Broadway and Thor Equities' Joe Sitt (Credit: Google Maps)

Thor faces foreclosure on site where lender says it’s seeking “unrealistic rents”

Thor faces foreclosure on site where lender says it’s seeking “unrealistic rents”
The beach in Tulum, Mexico, and Thor Equities Joe Sitt (Credit: Thor Equities LLC via Bloomberg)

Joe Sitt’s $100M plan for Pablo Escobar’s Tulum compound

Joe Sitt’s $100M plan for Pablo Escobar’s Tulum compound
arrow_forward_ios

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

Loading...