Engel & Völkers breaks into NYC property business

Sotheby's alum Stuart Siegel heading up operations for Germany-based firm

Stuart Siegel
Stuart Siegel

European high-end real estate brokerage Engel & Völkers opened its first Manhattan office at Midwood Investment & Management and Oestreicher Properties’ 19-story property at 430 Park Avenue.

Veteran broker Stuart Siegel was hired to head up the New York operation as the regional CEO. He recently ran a global advisory firm with offices in Switzerland, the Middle East and Italy. Siegel is an alum of Sotheby’s International Realty, as is Laura DesMoine, who was hired as Engel & Völkers’ senior vice president of brokerage marketing. Siegel was formerly CEO of Sotheby’s.

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The firm was founded in Hamburg, Germany, in 1977, and now has more than 500 brokerages and 50 commercial offices across 38 countries. As part of a South Florida expansion, two offices in Wellington and Palm Beach opened last year, as previously reported. — Mark Maurer