Brooklyn-based brokerage TerraCRG has tapped the regional manager of Marcus & Millichap’s Boston office, Tim Thompson, to head up its multifamily investment division, Commercial Observer has learned.
Thompson started this month, relocating from Massachusetts to Downtown Brooklyn, as a managing director with plans to grow TerraCRG’s multifamily investment sales team and gain a stronger market share around the borough.
“I have an opportunity to come to a new market and apply everything that I learned in a bigger and better way,” Thompson said. “I feel strongly about this company, the brand and the foundation of the current team to launch this company to the next level and expand in some asset classes and some neighborhoods.”
In his new role at TerraCRG, Thompson is tasked with growing the brokerage’s multifamily business and bolstering its staff in that division.
“The timing is perfect as we expect the current man-made market disruption to create a unique opportunity for us,” Ofer Cohen, the founder of TerraCRG, said in a statement, referring to the recently passed rent regulations.
“Tim is not only super-skilled but also very thoughtful,” he said. “And moving from Boston to Brooklyn is a true testament to how attractive Brooklyn truly is.”
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