A subsidiary of the Corcoran Group is ready to hit the gym, get a tan, and make the list.
Corcoran Baer & McIntosh expands to the Jersey Shore by acquiring 22-employee brokerage Ocean Pointe Realtors. The move brings Baer & McIntosh to more than 90 agents spread across six offices in southeastern New York and northern New Jersey, including Monmouth County (including a portion of the Jersey Shore).
Broker and owner Debbie Blankfort said Ocean Pointe Realtors contacted her when they heard she was expanding her office in Red Bank, New Jersey.
“Indie boutiques can’t compete with brands like Corcoran,” Blankfort said. “They have no connections, no marketing capabilities, no audience.”
Blankfort said her expansion may not be over yet — she hopes to bring on 30 to 40 more brokers in the coming months and is in talks to buy another brokerage.
And that’s not the only recent Corcoran-related expansion in New Jersey:
Brokers, closing highest real dealManhattan Residential Brokers Add to Rankings with $6.7 Billion in May Sales third franchise in the state When it launched Corcoran Infinity Properties. Corcoran also added an affiliate in Westchester County in February when it acquired Renwick Real Estate, launching Corcoran Legends Realty.
Blankfort said her market has a large number of residents year-round, but most of her business comes from referrals from New York City. Her territories include popular second homes like Nyack, New York, and the Jersey Shore, now famous for her eponymous reality TV show.
The broker also pointed to Netflix’s reported plans $900 million production studio project in the area.The streaming giant has been picked as the top bidder Nearly 300 acres of land Located about 50 miles south of New York City, it was formerly occupied by Army Garrison Fort Monmouth.
As NJ’s residential market is likely to see more activity in the coming years new wave of development.The southern edge of the Jersey Shore saw a record-breaking sale earlier this year, when a home on an island near Cape May sold for $100,000. $12 million.