Douglas Elliman

Douglas Elliman

Douglas Elliman is the largest residential real estate brokerage in the New York metropolitan area.

Overview

Douglas Elliman operates in New York City, Long Island, the Hamptons, and Westchester as Prudential Douglas Elliman and Miami as Douglas Elliman Florida.[1] The company's Miami flagship office is at 1111 Lincoln Road in South Beach.[2] Its services include: residential and retail brokerage, property management, mortgage services, and title services. In 2010 the company completed over 12,000 transactions, and $12 Billion in sales volume.

The company was founded in 1911 as a basement store at 421 Madison Avenue in Manhattan. After years of growth the company was sold to the Milstein family in 1989 and then again to Insignia Financial Group (now CB Richard Ellis). In 2003 Insignia sold Douglas Elliman to Montauk Battery Realty, an affiliate of Vector Group's New Valley LLC subisidiary.[3]

Today the company has more than 60 offices and 4,000 real estate agents. Dottie Herman is president and CEO of Prudential Douglas Elliman.[4] Vanessa Grout is President and CEO of Douglas Elliman Florida. [5]

References

  1. ^ http://www.miamiherald.com/2011/03/21/2122514/taking-a-bite-of-miami-market.html
  2. ^ http://miamitodaynews.com/news/110210/story2.shtml
  3. ^ Insignia Financial Group Sells Residential Business to Montauk Battery Realty, LLC | RISMedia
  4. ^ Management Team, Prudential Douglas Elliman Real Estate website, accessed November 27, 2009
  5. ^ http://bestplaces.nydailynews.com/stories/closer-flips-and-splits-new-yorks-real-estate-community-8

External links

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