Corcoran to shut down office in building partly owned by Barbara Corcoran

The four-story building houses the brokerage’s office in the lower two levels

New York /
Aug.August 12, 2019 07:00 AM
49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

The Corcoran Group’s outpost in the heart of Greenwich Village will officially shut its doors this fall.

Agents who work in the office received notice of the closure last week. They will be relocating to the brokerage’s Soho, Chelsea or Union Square offices, Corcoran president and CEO Pam Liebman said in a statement.

“Corcoran grew out of the West 10th Street office which can no longer accommodate the services and space required for our agents to grow and thrive,” she said. The four-story mixed-use building is owned by a partnership that includes Corcoran’s founder Barbara Corcoran, according to public records.

The closure of the Village office did not come as a surprise to agents, according to a source. Liebman confirmed that “the decision to phase out the Village office was made years ago” and coincided with expansion and opening of its Soho, Union Square and Chelsea locations. However, the exact date of the Village’s office was unknown until this week.

The catalyst for the move appears to be Corcoran’s West Side office’s senior managing director, Elaine Dean, deciding to retire. The Village’s senior managing director Ellen Leon will now assume Dean’s position, with the assistance of Joel Dommel, according to Liebman.

Earlier this year, Realogy, Corcoran’s parent company, hired a new chief financial officer to cut $70 million in expenses this year.


Related Articles

arrow_forward_ios
Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)
Welcome to Queens: Corcoran opens first borough outpost
Welcome to Queens: Corcoran opens first borough outpost
Corcoran CEO & President Pamela Liebman (Credit: iStock)
Corcoran begins new lead-gen push via Facebook ads
Corcoran begins new lead-gen push via Facebook ads
Ryan Serhant and Brown Harris Stevens' Brad Loe and Steven James (Serhant; VHT Studios)
What brokerage holiday parties reveal about their hosts
What brokerage holiday parties reveal about their hosts
From left: Corcoran's Steve Belluomini, Pam Liebman, Michael Mahon and Randall Kostick (Corcoran, Getty)
Corcoran taps new NorCal franchise after Global Living fiasco
Corcoran taps new NorCal franchise after Global Living fiasco
Corcoran Global Living's Michael Mahon (Corcoran, Getty)
Turmoil at Corcoran Global Living: CEO accused of fraud
Turmoil at Corcoran Global Living: CEO accused of fraud
Michael Mahon (Corcoran, Getty)
Corcoran shopping its biggest franchise
Corcoran shopping its biggest franchise
From left: Jared Barnett, Eugene Litvak, and Ryan Kaplan (HIG, Compass, Design recipes, Getty)
In home sales, cash was king. Now it’s God
In home sales, cash was king. Now it’s God
113 East 90th Street (Corcoran)
Converted firehouse aims for record single-family sale in Carnegie Hill
Converted firehouse aims for record single-family sale in Carnegie Hill
arrow_forward_ios

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

Loading...