Big Manhattan broker closing its doors

Coldwell Banker Hunt Kennedy's roots date to 1988

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Manhattan brokerage Coldwell Banker Hunt Kennedy has closed its doors, with about 90 percent of its 200 agents moving to Corcoran Group Inc. and Sotheby’s International Realty Inc., company co-founder and Chief Executive Officer David Michonski said.

Michonski said the brokerage — which has roots in Manhattan going back more than 20 years — was a casualty of the financial industry meltdown. Coldwell Banker Hunt Kennedy saw the $22 million in revenue generated in 2007 decline by 35 percent last year, and another 50 percent this year, he said.