Company Sees Opportunity in Downturn, Launches New Residential Brokerage Division

By Anuradha Kher, Online News EditorNew York–Time Equities Inc. (TEI), headquartered in New York, recently launched the company’s residential brokerage division, which will offer the company’s existing and new clients access to sales and rental listings in non-TEI New York City and New Jersey properties in addition to all TEI projects.Under the leadership of Roberta Axelrod, director of residential sales, rentals and conversions and Maggie Ocampo, residential brokerage manager, TEI to hire 10 employees for the division. Six people have already been hired and the division is open for business.As members of The Real Estate Boards of New York and New Jersey, TEI will offer co-op, condo and townhouse listings in New York City and New Jersey. Brokerage services will also include TEI’s own portfolio.“We have received many requests from our clients to help them with all of their residential property needs because of our extensive experience in the residential market,” Axelrod tells MHN “The division will function as a boutique brokerage with a focus on personalized services.”Time Equities plans to grow from 10 people but not to a size that puts it in same league as huge brokerage houses.“We are contrarians and see opportunity even in a downturn,” Axelrod says of the timing of the division’s opening. “Even in a slowdown, people are selling their homes and downscaling, people continue to get married, have children, etc. The need does not go away.”