The Corcoran Group expands global reach

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

The Corcoran Group says it will expand its global reach by partnering with Monaco-based John Taylor Group, which caters to wealthy clients out of 19 offices in nine countries including France, Italy, Spain, the U.K., Qatar, Russia and Switzerland.

Based in New York City, where it has 1,249 agents and more than $4.1 billion in listings, The Corcoran Group is a Realogy subsidiary and a member of the Cartus Broker Network, which has more than 1,000 member firms and 54,000 agents.

“This alliance exemplifies Corcoran’s strategy for expanding its global reach by aligning with premier local firms in targeted global markets,” said Pamela Liebman, The Corcoran Group’s CEO and president, in a statement. “With a large percentage of Corcoran condominium sales coming from international buyers today, our affiliation with John Taylor enhances the level of client services and property selections both firms can offer on a global basis.”

The Corcoran Group has 2,200 agents working out of 40 offices in New York and Florida. In New York, the brokerage is focused on Manhattan, Brooklyn, the Hamptons, the North Fork and Shelter Island. In Florida, the company serves the Miami Beach, Delray Beach and Palm Beach markets.

John Taylor says it’s handling a portfolio of  2,400 properties valued at more than $12 billion, and that the average sale price of sales it brokered in 2013 was $5.5 million.