The Real Deal New York

Engel & Völkers breaks into NYC property business

Sotheby's alum Stuart Siegel heading up operations for Germany-based firm
May 12, 2014 04:15PM

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.

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