Corfac News

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Dan Rafter of wrote a great article about CORFAC International’s 25th Anniversary.  Rafter interviewed Steve Podolsky, CORFAC founder and principal with Podolsky|Circle CORFAC International in Riverwoods, IL. Here’s a taste:

Steve Podolsky can trace the beginnings of the CORFAC International network to a 1986 breakfast meeting in the coffee shop of the Grand Hyatt Hotel in Manhattan during a SIOR convention.

Now a quarter of a century later, the CORFAC International network is going strong, strong enough to celebrate its 25th anniversary in 2014. The network today boasts a roster of independent commercial real estate companies that run 65 offices in North America, many of them located in the Midwest.

Back at that lunch, though, Podolsky, principal with Podolsky|Circle CORFAC International in Riverwoods, Ill., was mostly seeking a way to protect his business. He and the other founding members weren’t thinking about a future 25th anniversary. They just wanted to do right by their companies and the commercial real estate pros who worked at them.

“I did a lot of business out of Chicago. My traditional referral sources were joining national networks like Colliers or NAI or they were becoming an affiliate of the national companies,” Podolsky said. “I wasn’t sure that when I sent them business I’d get any business back from them. They had obligations to their new alliances.”

Read the whole article online: Follow REJournals on Twitter: @RejournalsREPG

Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.