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Who

The successor to Barbara Corcoran, Pam Liebman is the CEO of Corcoran, the second-biggest real estate agency in New York.

Backstory

The daughter of a CPA and a special ed teacher, Liebman started her real estate career at a brokerage based in Staten Island, her home borough. She went to interview at a tiny Corcoran in 1985, when she was 22. (It only had 20 brokers at the time.) Although Barbara Corcoran initially had some reservations about Liebman—"I really want to hire you, but you don't seem like the type who's going to stick around very long"—she agreed to take Liebman on; within a year, she'd become one of the agency's top producers and had set up its first downtown office. Settling into a protégé-mentor relationship with Babs, Liebman continued her rise at the agency, earning partner status in 1990 and spearheading the launch of its marketing/development/consulting subsidiary Corcoran Marketing Group in 1995. She helped negotiate the sale of Corcoran to Jersey-based NRT (now a part of Henry Silverman's Realogy) for $66 million in 2001, and when Barbara Corcoran stepped down as CEO at around the same time, Liebman was designated her successor. Liebman now oversees some 2,800 brokers, and Corcoran itself has become the second-largest real estate agency in New York. The only larger agency: Prudential Douglas Elliman, run by Liebman's foil, Dottie Herman.

Of note

Liebman has primarily made her mark by overseeing several major acquisitions at the agency. In 2005, the brokerage acquired Andrew Heiberger's ubiquitous rental agency Citi Habitats for $49.5 million; that same year, it picked up Louise Sunshine's powerful real estate marketing group Sunshine Marketing. The firm has continued gobbling up other real estate firms, recently expanding into the Hamptons and Palm Beach following the purchase of prominent brokerages in both those areas; Corcoran has also significantly amplified its presence in Brooklyn on Liebman's watch.

On the job

While Liebman has little contact with the brokers who handle the agency's more modest transactions—she isn't exactly having power lunches with the agents who do rentals in Sheepshead Bay—she does work in close association with the agency's top-producing brokers, including Sharon Baum, Robby Browne, Dennis Mangone, Carrie Chiang, Barrie Mandel, and Deborah Grubman.

Pet cause

Liebman is a founding board member of the Wipe Out Leukemia Forever Foundation, a group that raises money for pediatric leukemia research.

Personal

Liebman's husband is Michael Krouse, a chiropractor. The couple and their two daughters, Dylan and Tori, live in Warren, NJ, and maintain a pied-à-terre at the Corcoran-marketed condo the Element, which they purchased for $1.5 million in January 2007. Their getaway is a three-bedroom condo at the recently-constructed Canyon Ranch Living development in Miami Beach. Liebman unwinds by hitting golf balls at the driving range.