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Media Contacts:
Stephen Larkin
212.848.0446
slarkin@corcoran.com 

The Corcoran Group Names Chief Operations Officer for Corcoran Sunshine Marketing Group

NEW YORK, NY – August 15, 2005 –The Corcoran Group, one of the country’s leading residential brokerage firms, announced today the appointment of Jeff Yamaguchi as chief operations officer for its new development sales and marketing division, The Corcoran Sunshine Marketing Group.  Mr. Yamaguchi will work from the landmark Fuller Building at 41 West 57th Street and report directly to Corcoran’s chief executive, Pamela Liebman.
 
"The advent of The Corcoran Sunshine Marketing Group has set a standard that is unrivaled in the marketing of residential developments," says Liebman.  "With Jeff, we raise the bar even higher because he brings a depth of knowledge and a skill set that will add tremendous value to our new development division.”
 
Prior to today’s announcement, Yamaguchi was vice president of operations for the Residences at the MGM Grand in Las Vegas, Nev., the highly acclaimed 3-tower luxury hotel condominium opening in April, 2006.  The hugely successful project has already secured over one billion dollars in sales and to date over 1,400 of the available 1,728 units have sold. 

A 26-year veteran of the luxury hotel condominium industry, his career started in the world of vacation ownership - or time-share vacations - which eventually led to high-level positions within the Marriott and Hilton Hotel organizations, as well as the Four Seasons Hotel Group.  There, he executed operational development planning for the select hotel’s prestigious Residence Club division in markets such as San Diego, Scottsdale, Jackson Hole, Costa Rica, Punta Mita in Mexico, and Exuma.

“Jeff’s expertise with the development and branding of luxury hotel condominiums, combined with his proven leadership ability, make him the ideal chief operating officer for our organization,” says Louise Sunshine, the founder and chairman emeritus of The Sunshine Group.  “I welcome his insight and perspective and look forward to working with him.”

The Corcoran Sunshine Marketing Group, which has been called the "dream team" of  high-end new development sales and marketing, is the premier provider of consulting, marketing and sales services to residential and commercial real estate developers in New York City, Philadelphia, Los Angeles, Palm Beach, Miami and Las Vegas. Among the high profile new and conversion developments it represents are One Beacon Court, 255 Hudson, Orion, Time Warner Center, 165 Charles Street designed by Richard Meier, Downtown by Philippe Starck and Windsor Park by Charles Gwathmey.

Jeff Yamaguchi is an active member of the American Resort Development Association, and a frequent speaker at industry-wide conferences and symposiums, and has been quoted in numerous publications including The New York Times and The Los Angeles Times.
 
A native Californian, Yamaguchi attended Occidental College in Los Angeles where he earned a bachelor of science in biology.  He is an avid golfer and music enthusiast, and with his wife Diane Yamaguchi, lives in Manhattan.

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