February 2, 2015

Gap widens between rival building sales bigwigs

Ofer Cohen, the president of TerraCRG, said the dollar volume of buildings sales has soared in Brooklyn since the economic recovery took off.

The firm, which was founded in 2008, closed $305 million in deals in 2014 versus just $28 million in 2011.

“The market went from $1 billion to $6.7 billion, so you can get a sense of the transformation in this market,” Cohen said. “We think there is a lot more upside for us as a brokerage.”