Joseph Aquino joins Swiss retail firm

Move comes as he wages legal battle with Douglas Elliman

New York /
Jul.July 13, 2016 09:41 AM

Joseph Aquino, who was fired from Douglas Elliman after lobbing a lawsuit at the firm, is now heading to a Switzerland-based retail brokerage to head its North American operations.

Aquino is joining the Location Group to help lure luxury European retailers to the U.S., the Commercial Observer reported. The move comes a little more than a month after Aquino named his former partner, Faith Hope Consolo, in a lawsuit accusing Douglas Elliman of cutting him out of more than $1 million in commissions. The commissions, according to the lawsuit, were used to cover Consolo’s extravagant personal expenses, including spa treatments and cashmere sweaters.

When Aquino TRData LogoTINY complained about the situation, Elliman chair Howard Lorber allegedly told him to stop, warning him he would be terminated and “blackballed” in the city’s real estate industry, his lawsuit alleges. Elliman terminated Aquino in March, just two days after he filed the lawsuit against the firm.

According to his lawsuit, Aquino had a 70 percent split on his deals, while Consolo negotiated only a 65 percent split when she started at the firm in 2004. Consolo though racked up a bevy of perks, including a travel and entertainment budget that reached up to $60,000 annually, Aquino alleged in the suit. The partners had worked together since 1989. [CO]  Kathryn Brenzel


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
(iStock)
Want a home in Greenwich? Data says you’d better hurry
Want a home in Greenwich? Data says you’d better hurry
After years of lagging sales, Westchester County saw the highest number of completed home sales since 1996. (Getty)
Westchester home sales hit historic high in 2020
Westchester home sales hit historic high in 2020
Matthew Whitman Lazenby, Grant Cardone, Phil Collins, Orianne Bates, Russell Galbut, Natalie Brabner, Craig Studnicky and Masoud Shojaee (Lazenby by Sonya Revell; Getty, iStock)
South Florida’s juiciest real estate lawsuits of 2020
South Florida’s juiciest real estate lawsuits of 2020
Scott Durkin, president and COO of Douglas Elliman; Bess Freedman, CEO of Brown Harris Stevens
The Covid churn: Inside resi brokerages’ recruiting games
The Covid churn: Inside resi brokerages’ recruiting games
Ronita Kalra (Photo via Facebook)
Elliman’s Ronita Kalra jumps to Compass
Elliman’s Ronita Kalra jumps to Compass
arrow_forward_ios

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

Loading...