Elliman acquires Manalapan brokerage

Scott and Mindy Gordon, along with 12 agents, will remain at their South Ocean Boulevard office

TRD MIAMI /
Feb.February 27, 2019 10:30 AM

Jay Parker and Scott Gordon

Douglas Elliman closed on the acquisition of a boutique brokerage in Manalapan, as the New York firm continues expanding throughout Florida.

Scott Gordon Realty, led by Scott Gordon and his wife, Mindy Gordon, will keep their office at 270 South Ocean Boulevard. The acquisition includes 12 agents and two office employees.

Elliman, with 22 offices and about 1,100 agents in Florida, recently expanded to the state’s west coast with the acquisition of St. Petersburg-based Strickland Property Group, one of the top firms in the Tampa area.

Scott Gordon, founder and CEO of his firm, is now an executive director of luxury sales at Elliman.

Manalapan, a small town south of Palm Beach, has landed itself on the Forbes list of most expensive zip codes, taking the No. 1 spot in 2016. Sellers of multimillion-dollar homes, many of which stretch from the ocean to the Intracoastal, have been forced to reduce their prices, spurring sales as of late.

With the acquisition, Elliman plans to increase sales near Manalapan in Palm Beach, Delray Beach, Hypoluxo and West Palm Beach, according to a press release. Scott Gordon Realty closed about $70 million in sales volume in 2018, most of which was condo sales, according to a spokesperson. Elliman declined to comment on terms of the acquisition.

In Palm Beach County, Elliman also acquired Pink Palm Properties, a brokerage in Boca Raton, in July. About three years ago, Elliman bought Tauriello & Co. Real Estate, a Delray Beach firm led by Sue Tauriello.


Related Articles

arrow_forward_ios
André Duek and Carolina Lara with Daniel de la Vega

One Sotheby’s acquires brokerage with Brazilian reach

From left: Mick Duchon, Eloy Carmenate, Tara West, Alex Sapir, Oren Alexander, Jay Philip Parker, Dean Bloch

Movers & Shakers: Sapir announces sales team for Surfside project, Franklin Street taps retail head & more

Jay Parker and a rendering of CocoWalk

Douglas Elliman, Bluemercury among new tenants at CocoWalk

Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow

Illustrated Properties acquires Jupiter Hills Village Realty

Illustrated Properties acquires Jupiter Hills Village Realty

Christian Angle and 1920 South Ocean Boulevard

Car dealer buys waterfront Manalapan estate for $10M

Nirka Burns Padilla and Martin Conroy 

Movers & Shakers: Palm Beach broker leaves William Raveis for Douglas Elliman & more

South Florida skyline (Credit: iStock)

Resi sales rise throughout South Florida in Q4: Elliman

arrow_forward_ios
Loading...