Business Services Industry
Real Estate Firm Buys Biggest Residential Rental Brokerage in New York City.
Knight Ridder/Tribune Business News, June, 2004
By James Bernstein, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News
Jun. 23--In one of the larger acquisitions in the metropolitan area this year, The Corcoran Group, the giant Manhattan-based real estate firm, yesterday said it has bought the biggest residential rental brokerage in New York City, in an effort to expand into the growing rental market.
Terms of the deal were not announced.
Corcoran, which has been in an expansion mode in the last several years -- it has acquired several real estate firms on Long Island's East End -- said it had acquired Citi Habitats Inc., also based in Manhattan, and its loft and home sales unit, SoLofts.
The deal places Corcoran into the rental market immediately, said Pamela...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express