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The Real Deal Miami

Manhattanites swimming in Palm Beach luxe

Brokers look to corner deals in the 'triangle' with New York, Hamptons
By Alexander Britell | February 03, 2011 12:48PM

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Palm Beach

From the New York February issue: Filled with high fashion and high society, Palm Beach can seem like Manhattan but with palm trees. So it’s no surprise that New York-area real estate firms have gobbled up space there to compete for a constant stream of New Yorkers flying south to find second, third and fourth homes. Two of New York’s premier brokerages, Brown Harris Stevens and Corcoran, have operations there. Another with New York ties, Fite Shavell, formed two years ago and jumped to the top ranks of Palm Beach’s real estate world. Cofounder Wade Shavell opened the firm after helping launch Corcoran’s Palm Beach branch. He was joined by former Prudential Douglas Elliman CFO David Fite. [more]