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Corcoran Group is an American real estate firm founded in 1973 by Barbara Corcoran. History. Barbara Corcoran, a former diner waitress, founded her own real estate ...
Barbara Ann Corcoran [2] (born March 10, 1949) [3] is an American businesswoman, [4] investor, syndicated columnist, and television personality. She founded The Corcoran Group , a real estate brokerage in New York City, which she sold to NRT for $66 million in 2001 and shortly thereafter exited the company.
In late 2006, it was bought for $6.65 billion, plus debt and other liabilities, by Apollo Global Management, a private equity group. [ 4 ] The company was listed on the New York Stock Exchange in 2012; 40 million shares were sold at $27 each, raising US$1.08 billion.
Initially, the firm that purchased The Corcoran Group offered her $22 million. But Corcoran had already decided $66 million was the magic number she would accept.
Barbara Corcoran is the American businesswoman behind the Corcoran Group, a New York City-based real estate brokerage she sold in 2001 for $66 million. Today, she stars as one of the main ...
During the podcast, Corcoran described a property she bought using her 20% down method, but waited 20 years to sell. She paid $1 million for the property, and sold it for $3.2 million two decades ...
As of 2022, the company owns and operates more than 40 brokerage firms in approximately 55 U.S. markets. Most firms are branded under the Coldwell Banker , Coldwell Banker Commercial, Sotheby's International Realty or Corcoran Group brands.
And of course, Corcoran was a broker herself; she started her own brokerage firm, the Corcoran Group, in the early 1970s and eventually sold it for $66 million.