BHS’ Peter Marra to run Halstead’s Connecticut division

Marra was part-owner of William B. May before selling stake

New York /
Nov.November 06, 2017 01:22 PM

Brown Harris Stevens’ Peter Marra is heading north — to oversee Halstead Property’s growing Connecticut operation.

Marra — who was president and part-owner of the family-owned residential firm William B. May until 2004 — most recently led BHS’ Carnegie Hill office. At Halstead, he will “manage managers” and, hopefully, expand the firm’s market share.

“I will do battle for them,” he said, when reached by phone Monday. “In this world, the opportunity for expansion is always exciting.”

In 2004, Marra sold his minority stake in William B. May to Terra Holdings, which owns BHS and Halstead. Because his move coincided with the May family’s sale of the firm, it led to a family dispute and broker defections.

Thirteen years later after the stake sale, Halstead created a job for Marra, who lived in Chappaqua for 44 years but recently moved to Ridgefield, Connecticut, around 60 miles from Manhattan. Halstead currently has around 350 agents in Connecticut.

The state is an important part of the firm’s “feeder system,” said Marra, citing the ability for agents in the city to refer clients to colleagues in the suburbs.

“The goal is to try to take advantage of your position in Manhattan,” he added.

Overall, the suburbs north of New York City have been a battleground for the city’s brokerages. Earlier this year, Berkshire Hathaway’s HomeServices USA scooped up residential brokerage Houlihan Lawrence to dominate the Fairfield County market, while Douglas Elliman and William Raveis Real Estate have fought for market share.


Related Articles

arrow_forward_ios
Rachel Glazer (Credit: BHS)
BHS’ top Downtown agent jumps to Compass
BHS’ top Downtown agent jumps to Compass
BHS’ chief of tech, communications out amid internal shakeup
BHS’ chief of tech, communications out amid internal shakeup
BHS’ chief of tech, communications out amid internal shakeup
Bess Freedman and Robert Reffkin (Credit: Studio Scrivo)
“Unequivocally not selling:” BHS accuses rival of stoking sale rumors
“Unequivocally not selling:” BHS accuses rival of stoking sale rumors
Joan Rivers and 1 East 62nd Street (Getty, Sotheby's)
Joan Rivers’ longtime UES penthouse hits the market for $38M
Joan Rivers’ longtime UES penthouse hits the market for $38M
Clockwise from top left: Scott Stringer, Maya Wiley, Raymond McGuire, Andrew Yang and Shaun Donovan (Getty)
What do Brooklyn homes cost? Don’t ask these candidates
What do Brooklyn homes cost? Don’t ask these candidates
Exhausting other options, buyers flock to fixer-uppers
Exhausting other options, buyers flock to fixer-uppers
Exhausting other options, buyers flock to fixer-uppers
(iStock)
Up, up and away: Home prices soar beyond buyers’ reach
Up, up and away: Home prices soar beyond buyers’ reach
 9 Olde Towne Lane
Southampton home in exclusive enclave sells for $34.5M
Southampton home in exclusive enclave sells for $34.5M
arrow_forward_ios

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

Loading...