The Real Deal New York

Posts Tagged ‘Douglas Elliman’

  • brokeragemagazines

    Left to right: Elliman magazine, Compass Quarterly and My Town Magazine

    With articles on Miami’s tech scene, the history of architecture in Boston and a creative renaissance in Brooklyn, the magazine could have passed for the latest issue of just about any general interest publication out there.

    Instead, the slim journal was put out by Compass, the two-year-old residential brokerage that’s joined a flurry of residential firms fancying their hand at publishing. [more]

  • Top residential agents of the week

    November 20, 2015 06:17PM
    Charles Reid, Price Bruce Ehrmann, Christopher Morales and

    From left: Charles Reid, Price Bruce Ehrmann, Christopher Morales and 401 Washington Street in Tribeca

    Reid Price, Bruce Ehrmann and Christopher Morales of Douglas Elliman topped the week’s residential sales with a $20.3 million penthouse condominium unit at 401 Washington Street in Tribeca. Click here to see this listing and more.

  • StreetEasy debuts (yet another) ad program

    November 20, 2015 08:30AM
    Susan Daimler

    Susan Daimler

    StreetEasy is making it easier than ever for New York City agents to become “experts” on all sorts of things. Despite broker backlash earlier this year to its “Building Experts” advertising platform, the listings service is launching another similar initiative.

    On Thursday, the Zillow-owned company announced plans to allow any agent who’s brokered at least two deals in one New York neighborhood over the last 36 months to become a “Neighborhood Expert,” allowing that broker to advertise on building pages. [more]

  • Kinga Tabares

    Kinga Tabares

    A residential real estate broker looks to be in hot water after allegedly driving off with a taxi cab while her driver stopped at a Manhattan police station to report her drunken and disorderly behavior.

    Douglas Elliman broker Kinga Tabares, 27, reportedly acted so wildly during an early morning cab ride from the Meatpacking District on Nov. 13 – allegedly refusing to pay her fare – that the driver took her and a friend to the 13th Precinct station house on East 21st Street. [more]

  • 432 park model 1

    The model unit for 432 Park Avenue

    The time has finally come for the billionaire buyers of 432 Park Avenue to move into their new homes.

    The CIM Group and Macklowe Properties, the tower’s developers, received their certificate of occupancy, meaning closings can now begin at the luxe, 1,396-foot-tall tower. [more]

  • roger erickson howard lorber

    From left: Howard Lorber, Dottie Herman and Roger Erickson

    After a decade as one of Sotheby’s International Realty’s top producers, broker Roger Erickson is hopping to Douglas Elliman.

    The veteran agent and former CBS Records executive’s client list includes music royalty such as Bono and Madonna. His current listings include an $11.35 million apartment at 510 Park Avenue and a $10.45 million penthouse at 52 East 72nd Street. [more]

  • Alex Maroni and the prospective townhouse combination on Hicks Street

    Alex Maroni and the prospective townhouse combination on Hicks Street

    A pair of townhouses slated to come on the market in Brooklyn Heights could be combined to form one of the largest – and most audacious – private mansions in the borough.

    Combining the properties at 154 and 154A Hicks Street would yield a 10,000-square-foot home with 32 feet of frontage, according to Douglas Elliman’s Alex Maroni, who plans to put the combination on the market for $10.5 million, or $1,050 a foot. [more]

  • Howard Lorber granted $30M in Vector stock

    November 12, 2015 04:55PM
    Howard Lorber

    Howard Lorber (credit: Max Dworkin)

    Howard Lorber will be nearly $30 million richer by 2022 – as long as he continues to lead Vector Group Ltd. successfully for the next seven years.

    The parent company of Douglas Elliman, New York City’s largest residential brokerage, granted Lorber 1.2 million shares of company stock valued at $28.8 million, according to a regulatory filing Thursday. [more]

  • Elliman triples Park Slope space

    November 10, 2015 02:48PM

    From left: Sarah Burke and 187 Seventh Ave.

    UPDATED: Nov. 11, 9:46 p.m.: With growing sales in South Brooklyn, Douglas Elliman is tripling its space in Park Slope.

    The city’s largest residential brokerage signed a lease for 2,000 square feet at 187 Seventh Avenue, a corner retail spot across from P.S. 321. The office will replace the firm’s former digs at 154 Seventh Avenue, which measure roughly 700 square feet. [more]

  • Compassmap

    Graphic by Steve Krupinski for The Real Deal

    “In the citaaay of L.A./
    In the citaaay of good ol’ Watts/
    In the citaaay, the city of Compton/
    We keep it rockin! We keep it rockin!”

    The words are 2Pac’s and Roger Troutman’s, but they could well have been Robert Reffkin’s. The CEO of Compass, a California native, has brought his $800 million residential brokerage to his home state. Compass’ Los Angeles office is its seventh new one since July, and the firm is committed to being in 15 cities across the U.S. by mid-2016. [more]

  • Hansen-LudwickThe widow of Douglas Elliman Broker Paul Hansen filed a wrongful death suit in Suffolk County against Sean Ludwick, claiming the BlackHouse Development executive owes her and her two young sons financial restitution for the alleged drunk driving crash that killed her husband in late August.

    Attorneys for Catherine Hansen filed the suit in Suffolk County Supreme Court on Oct. 23, according to records filed Thursday. [more]

  • Luciano Pavarotti and Hampshire House at 150 Central Park South

    Luciano Pavarotti and Hampshire House at 150 Central Park South

    Luciano Pavarotti’s Hampshire House apartment has left the stage, but may still return for an encore.

    The 2,000-square-foot pad at 150 Central Park South, one of three in the building that belonged to the late tenor, has come off the market 11 months after it was listed.

    The two-bedroom co-op unit, which features a huge great room that the singer used for rehearsing, hit the market asking $13.7 million in December. [more]

  • HowardLorber

    From left: Howard Lorber (credit: Richard Lewin) and rendering of 111 Murray Street

    Douglas Elliman sold $6.6 billion worth of real estate during the third quarter and pulled in revenue of $186 million during the same period. But due to rising new development costs, the profit of its parent company Vector Group took a hit.

    Elliman’s revenue in the third quarter was 21 percent higher than the $154 million the firm earned for the same period last year, chair Howard Lorber, who is also CEO of Vector, said during Vector’s earnings call Tuesday. [more]

  • Top residential agents of the week

    October 30, 2015 06:04PM
    Kyle Blackmon

    From left: Kyle Blackmon and 151 East 58th Street in Midtown East

    Kyle Blackmon of Compass topped this week’s residential sales with a $9 million condominium unit at 151 East 58th Street in Midtown East. Click here to see this listing and more.

  • ReidPriceWendyMaitland

    From left: Reid Price and Wendy Maitland

    Reid Price is having a terrible, horrible, no good, very bad week. On the heels of being sued by Town Residential for a second time on Wednesday, Price suffered a blow in court Thursday when his allegations against ex-business partner Wendy Maitland were dismissed. [more]

  • KristinLucianoReidPrice

    From left: Town’s in-house counsel Kristin Luciano and Reid Price

    Town Residential is again suing Reid Price, alleging that the former head of new development emptied his bank accounts to avoid making court-ordered payments to his former firm.

    In its complaint, filed Wednesday, Town alleges that when it attempted to collect its money, Price transferred $60,000 of the funds in his account to his neighbor and friend, Luis Jose Hernandez. [more]

  • MBRfirms

    In real estate, it all comes down to the closing.

    As part of our annual ranking of the top residential firms in Manhattan, The Real Deal broke down which brokerages moved the most properties during a 12-month period ending on March 31 of this year. Click here for a look at the firms that had the largest dollar volume in closed sales.

  • SaundersWaterMill4.9

    A $4.9 million home in Water Mill (Credit: Saunders & Associates)

    Even after a summer of sluggish sales, the Hamptons market is getting pricier.

    Homes under $1 million in the tony beach community now account for just under 50 percent of the market, the lowest point in four years, according to the latest quarterly report from Douglas Elliman and appraisal firm Miller Samuel. [more]

  • 2-North-Moore-Street

    From left: Oren and Tal Alexander, 2 N. Moore Street and Adam Modlin

    Financier Mark Zittman’s modernist Tribeca mansion is getting a price chop to $44.5 million, or $3,938 per square foot, and a new sales team. [more]

  • Top residential agents of the week

    October 16, 2015 05:30PM
    Elizabeth Sample Brenda Powers

    From left: Elizabeth Sample, Brenda Powers and One57 at 157 West 57th Street in Midtown

    Elizabeth Sample and Brenda Powers of Sotheby’s International Realty topped this week’s residential sales with a $24.6 million condominium unit at 157 West 57th Street in Midtown. Click here to see this listing and more.