Douglas Elliman buys Delray Beach brokerage firm

Tauriello & Co. Real Estate's founder Sue Tauriello and 60 agents will join Elliman

TRD MIAMI /
Nov.November 10, 2016 06:00 PM

Douglas Elliman just purchased a Delray Beach brokerage firm, bringing its roster of offices to 19 statewide as it expands along Florida’s coast, The Real Deal has learned.

The firm bought Tauriello & Co. Real Estate, founded in 2000 by Sue Tauriello. Tauriello’s 60 agents and office at 900 East Atlantic Avenue will all become part of Douglas Elliman, Jay Parker, CEO of Elliman’s Florida brokerage, told TRD. He declined to disclose the purchase price.

Tauriello will remain with Elliman as a realtor, as the firm’s total number of agents now tops 900 in the state.

The New York-based brokerage has been eyeing Delray Beach and Tauriello & Co. for some time, Parker said. Tauriello’s “homegrown” nature made the firm an attractive target in the growing market, known for its trendy restaurants, boutiques and nightlife, that has become an increasingly popular destination for Northeasterners and others, he said.

“We had identified Tauriello as a possible candidate for acquisition probably a year-and-a-half ago as we began our search to move into the Delray Beach market,” Parker said. “[Douglas Elliman Chairman] Howard Lorber and I both agreed Delray was a nexus market for us.”

Ingrid Carlos, manager of Douglas Elliman’s Boca Raton office, will become the managing broker of the new Delray Beach operation. Parker said the office will expand with another 1,000 square feet of leased space and plans to boost its number of agents.

“We’re looking to add key agents that can help us expand our reach into that market and service that market,” he said. “There’s no real agent goal. It’s just about making ourselves well positioned to attract the best agents.”

South Florida brokerages have been on a buying spree in recent months. In September, Elliman bought Turnberry International Realty’s office in Bay Harbor Islands, taking over the lease and the sales team. In October, One Sotheby’s International Realty acquired Crescendo Real Estate in Bay Harbor Islands. And in June, Brown Harris Stevens closed on its purchase of Ocean Club Realty in Key Biscayne.


Related Articles

arrow_forward_ios
Daily Digest Miami

LeBron James’ Unknwn store is opening Dec. 5, Palm Beach Gardens showroom trades for $10M

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

Walgreens at 3200 South Federal Highway

Walgreens sells Delray Beach store on Federal Highway

Midtown Delray, Todd Rosenberg

Pebb Capital pays $40M for once-named Midtown Delray site

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

arrow_forward_ios