Douglas Elliman
Douglas Elliman is the largest residential real estate brokerage in the New York metropolitan area and the fourth largest real estate company in the United States. The company has more than 80 offices and 6,000 real estate agents.
Contents
History and overview
Douglas Elliman was founded in 1911 as a basement store at 421 Madison Avenue in Manhattan. The company was sold to the Milstein family (Seymour Milstein and Paul Milstein) 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 subsidiary.[1]
In 2012, the company dropped “Prudential” from its name, returning to its original 1911 name.[2] It is strategic partners with London-based Knight Frank LLP for residential business. Douglas Elliman affiliates include DE Property Management, DE Title and DE Capital Mortgage.[3]
Douglas Elliman New York
Douglas Elliman operates in the New York Metropolitan area, with 22 offices in New York City, 26 offices in Long Island, ten offices in the Hamptons, and six offices in Westchester.[4] The company releases quarterly market reports and guides by borough within New York City as well as for its other metropolitan location that are often used to measure real estate activity by entities such as The New York Times and Crain’s New York Business.[5][6]
Douglas Elliman Florida
Douglas Elliman operates throughout South Florida, formerly under the name Douglas Elliman Florida, but now as Douglas Elliman like its New York counterpart.[8] The company's Miami flagship office at 1111 Lincoln Road in South Beach, is one of five South Beach offices, with five additional offices in Boca Raton, Fort Lauderdale, Miami, Palm Beach and Aventura.[9][10]
In September of 2013, Douglas Elliman named Jay Phillip Parker, a Florida attorney and real estate entrepreneur, as CEO of their Florida brokerage.[11]
Philanthropy
Douglas Elliman contributes to a variety of charities, some of which include the American Heart Association, Central Park Conservancy, the Gold Coast Film Festival, and Big Brothers Big Sisters of New York City.[12][13] Causes unique to individual brokers are also listed on the company website.[12] In 2013, the company donated $100,000 to the Southampton Hospital Foundation.[14]
References
- ↑ Insignia Financial Group Sells Residential Business to Montauk Battery Realty, LLC | RISMedia
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ http://www.rebny.com/content/rebny/en/directory/member-firms.html
- ↑ http://www.miamiherald.com/2011/03/21/2122514/taking-a-bite-of-miami-market.html
- ↑ http://miamitodaynews.com/news/110210/story2.shtml
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ http://www.miamiurbanist.com/douglas-elliman-names-jay-philip-parker-ceo-of-florida-brokerage/
- ↑ 12.0 12.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
External links
- Douglas Elliman Real Estate official website
- Douglas Elliman Florida South Florida subdivision
- DE Capital Mortgage - Partnership of Wells Fargo Ventures, LLC, and Douglas Elliman Real Estate
- Douglas Elliman Property Management
- John Holusha, Douglas Elliman Real Estate Brokerage to Be Sold, New York Times, May 29, 1999
