One of Dallas’ top-producing luxury real estate teams is moving over to Douglas Elliman.
Doris Jacobs, a founding partner of Allie Beth Allman & Associates, has joined Elliman’s fast-growing Texas division. She’s taking her daughters Teffy Jacobs and Kim Jacobs Calloway with her.
Known as “Queen of Beverly Drive” due to her high number of sales on that prestigious street in the Highland Park neighborhood, Jacobs has been in the business for over 40 years. Her team claims to have sold over $1 billion worth of residential real estate.
The group’s deals are for the most part done in Dallas’ toniest neighborhoods, which include Highland Park, University Park, Preston Hollow, Bluffview, Lakewood and Turtle Creek. Many of the homes were sold off-market.
The group is leaving Allie Beth Alliman, a Berkshire Hathaway affiliate that ranked fifth on the Dallas Business Journal’s 2020 top real estate brokerages list with $2.7 billion in sales that year. The publication first reported the news of the move earlier Monday.
New York-headquartered Elliman, which went public at the end of last year, has made a big push into Texas over the past three years, opening in Houston in 2019 and in Dallas, Austin and San Antonio after that. The company had $937 million in sales volume in Texas last year, up 105 percent from 2020.
Jacobs opted to jump to Elliman in part because of the connection the national group has with luxury markets that have an affinity with Texas — particularly in California, Colorado and New York — she said.
“There are synergies between places like Dallas and Aspen,” Stephen Kotler, CEO of the company’s Western region, told The Real Deal last month. “When you walk around Aspen in the summer, I’d say 20 percent of the people there are from Texas.” He said the company hoped to capitalize on its relationship with those established luxury markets.
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