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New York City luxury brokerage Corcoran Group now has a Massachusetts market presence, thanks to a pair of Compass agents.
Brian Dougherty and Nick Robert, who previously led Compass’ Private Brokerage agent team, will lead a new, Corcoran-branded brokerage out of a Newbury Street storefront in Boston, Corcoran Group announced Thursday.
“There has always been a strong northeast synergy between New York City, Corcoran’s first market, and the greater Boston area,” Corcoran Group President and CEO Pam Liebman said in a statement. “Therefore, I couldn’t be happier to solidify that union with the launch of Corcoran Property Advisors. The team’s strong business acumen, paired with Corcoran’s tools, support, and world-class brand, is sure to spur exciting growth across Boston and its luxury coastal communities.”
Dougherty and Robert’s team had around $72 million in transaction volume in 2022, according to the most recent data from RealTrends. That put the team at 13th place among Greater Boston’s small teams by sales volume.
“Boston is a market we have always had our eye on as a prime location for the Corcoran® brand to thrive,” Stephanie Anton, president of Corcoran Affiliates, said in a statement. “Having found the right people to represent the brand with Brian and Nick, Corcoran Property Advisors is sure to see both swift and steady growth, leveraging the iconic Corcoran brand, our unique messaging, and our innovative offerings across such an exciting market.”
Corcoran is the latest luxury brokerage to try and grow in the Boston market despite this year’s decidedly soft high-end housing market. Last year saw LandVest establish a downtown office after years of being a major player in the Cape market and a Douglas Elliman expansion into MetroWest via a brokerage acquisition.
Corcoran said its Boston expansion is part of a relatively new affiliate network strategy kicked off in February 2020. Last year, the company attracted domestic franchise affiliates in Northern California, New Jersey and Texas.
