Douglas Elliman launching new commercial branch

Resi-heavy firm partnering with brokerage Williamson, Picket, Gross

TRD New York /
Sep.September 16, 2014 08:30 AM

Douglas Elliman is teaming up with real estate firm Williamson, Picket, Gross Inc. to form a new commercial division.

Douglas Elliman — best known for its residential deals, even though the brokerage has done commercial work — will form Douglas Elliman Commercial, which will focus on office and retail deals, according to the New York Post.

Jim Gross, who is the founder of WPG, will head up the division together with his son Peter Gross and Elliman agent Louis Puopolo. Lin Media and Soho House Group are among WPG’s clients and the firm brokered Extell Development’s sale of 305 East 46th Street, according to the Post.

Douglas Elliman Chair Howard Lorber told the Post that the new division will “expand our full-service real estate capabilities in the national arena.”

Elliman’s Dana Commercial Group and the brokerage’s retail team are not part of the new division. [NYP, 2nd] — Claire Moses


Related Articles

arrow_forward_ios

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

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

From left: RealPlus' Eric Gordon, Corcoran's Pam Liebman, Halstead's Diane Ramirez, Douglas Elliman's Howard Lorber and Brown Harris Stevens' Bess Freedman (Credit: Eric Gordon by Emily Assiran, Getty Images, Halstead, BHS, iStock)

Terra sells part of RealPlus stake to Corcoran and Elliman

The Real Deal’s E.B. Solomont receives Front Page Award

Rents increased year over year this September in Manhattan and Brooklyn to $4,336 and $3,366

Rents tick up and concessions fall amid broader economic uncertainty

The number of closed sales fell by more than 14 percent year over year in the third quarter (Credit: iStock)

Low mortgage rates are killing Manhattan’s all-cash buyer

The MTA says it has the funding to extend the Second Avenue Subway to East Harlem, and the real estate industry is thrilled. (Credit: Getty, iStock)

Developers see dollar signs in Second Avenue subway extension

arrow_forward_ios