Industry News

Real estate luminary brings energy to TV

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Barbara Corcoran, a live wire in the New York City real estate scene, is leaving the company she founded to channel all of her energy into television productions. Corcoran, who launched The Corcoran Group with a $1,000 loan in 1978, has watched her company grow to one of the top residential real estate companies in New York City, with 45 offices and 2,000 sales associates. Last year the company closed $9 billion in sales volume. The company still retains Corcoran's distinct fingerprint, even after she sold it to brokerage giant NRT Inc. in 2001. Corcoran has served as chairman of the company since the sale, though she announced Friday that she will be stepping down from this role on Nov. 15. For the past six months Corcoran said she has been splitting time between television production and real estate work, and she decided it was time to go full throttle with her television production company, Barbara Corcoran Productions. Her mom was the first one to know about her career turn. "She ...