Industry News

Corcoran grows New York real estate brand

City Habitats joins NRT subsidiary

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The Corcoran Group, part of real estate heavyweight NRT, today announced it has grown its formidable New York residential real estate operations with the acquisition of City Habitats and affiliated companies. City Habitats operates 20 rental and sales offices, three affiliated SoLOFTS offices that specialize in loft and fine home sales, and another 15 offices on-site offices at residential projects in the New York metropolitan area. In 2003, Citi Habitats agents completed over 11,000 rental transactions, with a combined sales and rental closed volume of about $900 million. Citi Habitats and its affiliated companies provide concierge, move-in solutions, wall installation and removal, and other services to consumers in the New York metropolitan area. The firm's affiliates include Citi Move-in Solutions, Metro Walls, CH Commercial Real Estate Group, Citi Habitats Marketing Group and SoLOFTS. City Habitats' 17 offices in Manhattan will continue to operate under the same name, while the S...