vector group

Vector slashes dividends as Elliman’s net income drops over 80%

Vector slashes dividends as Elliman’s net income drops over 80%

UPDATED Wednesday Nov. 6, 2019, 1:02 p.m.: Douglas Elliman’s net income plummeted last quarter and its parent company plans...

Vector slashes dividends as Elliman’s net income drops over 80%
Vector CEO Howard Lorber (Credit: Getty Images)

Blaming slow NYC sales, Elliman reports $10M loss in Q1

UPDATED: May 8, 11:25 a.m.: Citing slow sales in New York City, Douglas Elliman’s losses widened 28 percent during...

Blaming slow NYC sales, Elliman reports $10M loss in Q1
Elliman’s profits plunge 75% in 2018 amid resi market slowdown

Elliman’s profits plunge 75% in 2018 amid resi market slowdown

Stung by a slowdown in the residential market, Douglas Elliman pocketed $5.2 million in 2018 profits — a quarter...

Elliman’s profits plunge 75% in 2018 amid resi market slowdown
Douglas Elliman buys Strickland, marking Florida west coast expansion

Douglas Elliman buys Strickland, marking Florida west coast expansion

Douglas Elliman is making a move on Florida’s west coast. New York City’s largest residential brokerage acquired the St....

Douglas Elliman buys Strickland, marking Florida west coast expansion
Vector’s largest shareholder, Phillip Frost, charged with securities fraud

Vector’s largest shareholder, Phillip Frost, charged with securities fraud

Phillip Frost, the largest shareholder of Douglas Elliman’s parent company, was charged Friday by the Securities and Exchange Commission...

Vector’s largest shareholder, Phillip Frost, charged with securities fraud
Elliman sales jump 6% to $26.1B in 2017

Elliman sales jump 6% to $26.1B in 2017

For all the talk of a new development slowdown, Douglas Elliman closed out 2017 with $26.1 billion in sales — a 6.1 percent jump over the prior year. The New York-based brokerage finished with...

Elliman sales jump 6% to $26.1B in 2017
Douglas Elliman’s profitability falls over 50% with fewer new dev closings

Douglas Elliman’s profitability falls over 50% with fewer new dev closings

From TRD New York: Douglas Elliman’s sales volume rose during the third quarter, but its profitability slipped more than...

Douglas Elliman’s profitability falls over 50% with fewer new dev closings
Witkoff and Vector bet $600M on former Fontainebleau Las Vegas site

Witkoff and Vector bet $600M on former Fontainebleau Las Vegas site

The former site of the Fontainebleau Las Vegas — once aimed to be a crown jewel of the Soffers’ Turnberry...

Witkoff and Vector bet $600M on former Fontainebleau Las Vegas site
Douglas Elliman only made $100K in profits in Q1

Douglas Elliman only made $100K in profits in Q1

From TRD New York: No, that’s not a typo: Douglas Elliman’s profits dipped to just $100,000 during the first quarter...

Douglas Elliman only made $100K in profits in Q1
Douglas Elliman closes $24.6B in sales in 2016

Douglas Elliman closes $24.6B in sales in 2016

From the New York website: Douglas Elliman sold $24.6 billion worth of real estate nationwide in 2016 — a...

Douglas Elliman closes $24.6B in sales in 2016
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