Make way, Flatiron: Douglas Elliman’s got new digs

Brokerage consolidates two offices in move to 111 Fifth

TRD New York /
Jul.July 26, 2017 02:40 PM

Douglas Elliman is opening a new office in the Flatiron District to combine two of the brokerage’s offices in Midtown South.

Elliman has inked a lease for the entire seventh floor of 111 Fifth Avenue, the New York Post reported. The office will span 19,500 square feet in the landmarked building. The office will combine two existing offices — one at 26 West 17th Street and one at 137 Waverly Place.

Additional terms of the deal weren’t immediately available.

The firm was represented in-house by Douglas Elliman Commercial’s Peter Gross and Louis Puopolo. Newmark Knight Frank’s Anthony Sciacca and Robert Silver represented building’s owner, the Winter Organization.

Elliman also plans to open a new office at 308 Malcolm X Boulevard in Bedford-Stuyvesant in August and one at 280 Metropolitan Avenue in Williamsburg in November. The firm is growing its footprint in Brooklyn in a few different ways, including the acquisition of Brooklyn Hearth Realty last month.

Last year, the brokerage inked a deal to expand its headquarters at 575 Madison Avenue from 60,000 square feet to 100,000 square feet. [NYP] — 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
With about $23 billion of hotel-related CMBS loans in forbearance, more lenders are looking to offload those mortgages. (iStock)

Hotel industry is in trouble and more lenders want out

Hotel industry is in trouble and more lenders want out
Industry City CEO Andrew Kimball with Amazon CEO Jeff Bezos (Photos via Getty; iStock; Industry City)

Real estate hits bottom as Industry City abandons plan

Real estate hits bottom as Industry City abandons plan
Burlington CEO Michael Sullivan and 2163 Tilden Avenue (Burlington via Facebook; Google Maps)

Burlington Coat Factory inks big lease in Brooklyn

Burlington Coat Factory inks big lease in Brooklyn
Are New Yorkers coming back? These charts tell the story

Are New Yorkers coming back? These charts tell the story

Are New Yorkers coming back? These charts tell the story
Carmel Partners CEO Ron Zeff (JLL)

Carmel Partners sells Norwalk apartment complex valued at $157M

Carmel Partners sells Norwalk apartment complex valued at $157M
arrow_forward_ios

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

Loading...