Elliman to open Los Angeles outpost this year

TRD New York /
Mar.March 07, 2013 03:30 PM

New York City’s largest residential real estate brokerage will expand to Los Angeles, The Real Deal has learned. Douglas Elliman made the announcement at a recent internal meeting, a source said, and the decision was confirmed today by the firm’s chairman, Howard Lorber.

The new location will open in Beverly Hills this year — likely by the fall — although the firm is still looking for a specific space, Lorber said. The office will hire all approximately 25 to 30 new brokers and agents locally, he said.

The move will expand services to an important portion of Elliman’s customer base: the increasingly global, high net-worth clientele who own homes in New York, Florida, the Hamptons and LA, Lorber said. The new office will also ferry business back to New York, and vice versa — the type of synergistic relationship that many brokerages build with satellite offices in tony areas across the U.S. and worldwide.

“We’ll have referrals here [for the LA office] and for them over there,” Lorber said.

In addition to the firm’s 22 offices in New York City, Elliman has 27 offices on Long Island, nine in the Hamptons, six in Westchester County and 10 in South Florida.

Related Articles

John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Jed Garfield of Leslie J. Garfield; Richard Grossman, president of Halstead Real Estate; Sarah Saltzberg, principal broker and CEO of Bohemia Realty Group; Douglas Elliman’s Howard Lorber

NYC brokers slam bias, promise action after Newsday exposé

(Credit: iStock)

The city’s rental growth is slowing

Natasha Page and Jason Walker

Lawsuit: Douglas Elliman broker called me a “mulatto”

Douglas Elliman's Scott Durkin (Credit: Getty Images, iStock)

Elliman foots bill for agents’ new business tool

Amenity insanity in LA luxe condo market

Amenity insanity in LA luxe condo market