From the October issue: Stuart Siegel is CEO of residential brokerage Engel & Völkers’ New York City operation, which launched in 2014 and now has 60 agents. The Hamburg, Germany-based firm, which has 716 offices spread across 32 countries worldwide, may be a new player in the city, but it clocked in with $126.6 million in listings in May on The Real Deal’s annual brokerage ranking, putting it in fourth place among Manhattan’s mid-sized residential firms. As of mid-September, the firm had $300 million in listings. The brokerage also notably represented the (unidentified) buyer in one of the priciest sales to close at 432 Park, a $59.1 million full-floor condo.
At 61, Siegel has had a storied career in the industry. The Upper East Side native studied art history at Kenyon College before going on to earn a graduate degree in architectural history from the University of Virginia’s School of Architecture. In 1981, he started working at Sotheby’s International Realty, where he served as president and CEO for 15 years starting in 1991. In that time, he led the $100 million sale of the real estate division in 2004 to Realogy Holdings, the parent company of brokerages such as the Corcoran Group and Citi Habitats. [more]