Elliman to open Los Angeles outpost this year

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

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)
Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
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 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
Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
Vector Group/Douglas Elliman's Howard Lorber (iStock, Getty Images, Vector Group Ltd., Douglas Elliman)
Howard Lorber’s $1.8M salary at Elliman offset by Vector pay cut
Howard Lorber’s $1.8M salary at Elliman offset by Vector pay cut
Tamir Shemesh (Getty Images, iStock)
Top broker Tamir Shemesh out at Douglas Elliman
Top broker Tamir Shemesh out at Douglas Elliman
Keller Williams' Lauren Balbuena and Compass CEO Robert Reffkin (Keller Williams, Getty/Illustration by The Real Deal)
Keller Williams NYC’s agent count bounced back while Compass’ growth slowed
Keller Williams NYC’s agent count bounced back while Compass’ growth slowed
1428 N Genesee Drive and Freddie Krueger (Realtor, Wikimedia)
‘A Nightmare on Elm Street’ home sells for $3M
‘A Nightmare on Elm Street’ home sells for $3M
Robert Reffkin, founder & ceo, Compass (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Residential brokerage shares take a hit in first week of 2022 trading
Residential brokerage shares take a hit in first week of 2022 trading
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...