Former Cresa President Mark Jaccom Moves To JRT Realty
The 38-year real estate veteran has been friends with JRT's founder Jodi Pulice for three decades and in his new position, starting Tuesday, he is returning to brokerage, the Commercial Observer reports.
Jaccom stepped down from his role as the president and managing principal of Cresa in January, after having that title for almost four years. Cresa struggled to make significant office deals in recent years and company management is in the process of finding new leadership for its New York office.
Cresa is consolidating ownership of 70 independently owned offices and bringing them under one entity in Washington, DC, known as Cresa Global, under CEO Jim Underhill.
Jaccom cited the ownership consolidation as his reason for leaving Cresa, telling the CO he had to deal with additional management bureaucracy that he didn't care for after almost four decades in the business.
At his new role at JRT, Jaccom is looking forward to not having to sit in the regular meetings required at a bigger firm and taking time off to go fishing. He will focus on beefing up the firm's tenant representation business at a place known for representing landlords. JRT also has a partnership with Cushman & Wakefield where brokers have access to the bigger firm's data and resources as well as the ability to work on transactions with C&W brokers.