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> The Corcoran Group Acquires Citi Habitats
Critter
post Jun 22 2004, 03:48 PM [ Post #1 ]


Christopher Paige
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The Corcoran Group Acquires Citi Habitats and Its Affiliated Companies in New York
Tuesday June 22, 10:35 am ET
Leading New York City Real Estate Company and Largest Rental Brokerage Combine to Build Lifelong Relationships With Customers
http://biz.yahoo.com/prnews/040622/nytu099_1.html

NEW YORK, June 22 /PRNewswire/ -- The Corcoran Group, New York City's renowned residential real estate brokerage company, today announced the acquisition of New York City-based Citi Habitats, Inc., and its affiliated companies, including SoLOFTS. Citi Habitats is the largest residential rental brokerage firm in New York City, and SoLOFTS is the company's affiliated loft and fine home sales unit. Citi Habitats' 17 offices in Manhattan will now operate as Citi Habitats, a Division of The Corcoran Group. SoLOFTS' two offices in Manhattan and one office in Brooklyn will do business as The Corcoran Group.


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post Jun 22 2004, 03:58 PM [ Post #2 ]


Christopher Paige
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http://www.crainsny.com
This makes Corcoran the largest residential real estate brokerage in the city, with $6.55 billion of combined 2003 sales from all its divisions, compared to sales of $6.48 billion for rival Prudential Douglas Elliman Real Estate.


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