Douglas Elliman Florida acquires Majestic Properties

Majestic's Jeff Morr will join Elliman as a broker

Jun.June 09, 2014 03:00 PM

Douglas Ellliman acquired Miami Beach-based real estate company Majestic Properties, the firm announced today.

As a part of the deal, Majestic’s Jeff Morr and his team — the firm’s top-producing group of agents — will be absorbed into the daily operations of Douglas Elliman’s Florida business.

“The acquisition of Majestic Properties is a prime opportunity to expand our network of agents with some of the best in the market,” Jay Parker, CEO of Douglas Elliman’s Florida brokerage, said. “Under Jeff’s leadership, Majestic has been one of the area’s premiere boutique operations for the past 20 years. We recognize how his insight and experience will help us reach our end goal to provide the strongest resources possible to buyers, sellers, and developers.”

Morr is credited with selling more than 3,000 condominiums valued at over $3 billion over the last 25 years.

“I started Majestic Properties in 1995. After two wonderful decades, I have decided to relinquish my management responsibilities and to focus on my favorite part of the business: brokering substantial residential and commercial transactions,” Morr said. “Douglas Elliman was my only choice when contemplating a new home for myself and for my agents.” — Christopher Cameron

Related Articles

Howard Lorber and a rendering of the Bristol

Howard Lorber picks up unit at the Bristol in West Palm Beach

Alan Faena and his home at 4731 Pine Tree Drive (Credit: Wikipedia, The Alexander Group)

Alan Faena lists waterfront Miami Beach home for $16.5M

Giorgio Vecchi and Dario Stoka

Vecchi + Stoka Group joins Douglas Elliman

From left: e.b. Solomont, Ron Shuffield, Mike Pappas, Oren Alexander and Phil Gutman

Unrealistic pricing bogs down Miami luxury condo market: TRD Showcase & Forum

(Credit: iStock)

South Florida Q3 resi sales a mixed bag, with inventory falling: Elliman

Jay Parker and Howard Elfman and Riva condos

Fort Lauderdale broker accuses Douglas Elliman’s Jay Parker of reneging on commission agreement: lawsuit

From left: Stephan Burke, Carol Cassis, and Diana Carulla, and Amy Ballon

Movers & Shakers: Cassis Burke team joins Elliman, 2000 Ocean names sales director & more

David Siddons

David Siddons leaves EWM for Douglas Elliman