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Corcoran expands to West Palm Beach
Brokerage now has three offices in South Florida
The Corcoran Group is skipping the bridge and opening an office in West Palm Beach.
The New York-based brokerage, led by president and CEO Pam Liebman, opened its third office in Palm Beach County and in South Florida at 480 Hibiscus Street, Unit 115, according to a release. Corcoran, with 190 agents in South Florida, also has locations in Palm Beach and Delray Beach.
Liebman said in the release the move was based on “organic growth” to West Palm. Residential development is growing in West Palm Beach, where the Bristol is being completed and a new condo project, La Clara, was recently launched.
Realogy-owned Corcoran announced its plans to open in West Palm Beach more than a year ago. Managing director Kerry Warwick and John Hackett will run the office, a 2,375-square-foot space that can house more than 30 agents.
Last year, the brokerage – one of New York City’s top firms based on annual sales – promoted Hackett, previously managing director of the Delray Beach office, to regional senior vice president in South Florida, taking over Bill Yahn’s former position.
Corcoran competitor Compass, which has been expanding throughout Miami-Dade, Broward and Palm Beach counties, hired Elizabeth DeWoody, a top producer at Corcoran, in February 2018 when it acquired a boutique firm in Palm Beach.
In October, Realogy Holdings said it plans to franchise the Corcoran brand beyond its stronghold on the East Coast to “global megacities” and leisure markets. Liebman said the company was looking to open a company-owned office in Miami.