Douglas Elliman is an American

real estate company Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

. Douglas Elliman employs more than 7,000 agents and has 113 offices in New York City and across the country. The company also has a number of subsidiaries related to real estate services such as Douglas Elliman Development Marketing, Douglas Elliman Property Management, DE Commercial and DE Title.

History and overview

Douglas Elliman was founded in 1911 as a basement store at 421 Madison Avenue in

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...

. The company was sold to the Milstein family (

Seymour Milstein Seymour Milstein (July 21, 1920 – October 2, 2001) was an American real estate developer and philanthropist. Early life and education Milstein was born to Jewish family Paul Milstein Paul Milstein (May 12, 1922 – August 9, 2010) was an American real estate developer and philanthropist. Early life and education Milstein was born to a Jewish family Insignia Financial Group Insignia Financial Group was a company that invested in apartments that were financially distressed, with the goal of increasing value via recapitalization. It was founded and controlled by billionaire Andrew L. Farkas and was headquartered i ...

(now CB Richard Ellis). In 2003 Insignia sold Douglas Elliman to Montauk Battery Realty, an affiliate of

Vector Group Vector Group Ltd. is an American diversified holding company with two major businesses: Liggett Group LLC (tobacco) and New Valley LLC (real estate), including Douglas Elliman. Bennett S. LeBow founded Vector Group in 1986. Since then, he has ...

New Valley LLC New Valley LLC is an American investment company owned by Vector Group. History Western Union was renamed New Valley in the early 1990s as the corporate parent of all Western Union-related businesses. In 1994, New Valley sold its Western Union bu ...

subsidiary. In 2012, the company dropped "Prudential" from its name, returning to its original 1911 name. It has a partnership with London-based

Knight Frank LLP Knight Frank LLP is an estate agency, residential and commercial property consultancy founded in London by John Knight, Howard Frank and William Rutley in 1896. Knight Frank together with its American affiliate Cresa is one of the world's large ...

for residential business. Douglas Elliman affiliates include DE Property Management, DE Title and DE Capital Mortgage. In December 2021 Douglas Elliman was spun off from Vector Group.

Regional branches

* Douglas Elliman New York covers the New York Metropolitan area, with 22 offices in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

, 26 offices on

Long Island Long Island is a densely populated island in the southeastern region of the U.S. state of New York (state), New York, part of the New York metropolitan area. With over 8 million people, Long Island is the most populous island in the United Sta ...

, and six offices in Westchester (headquarters at 101 King Street, Chappaqua) and Connecticut (headquarters at 88 Field Point Road in

Greenwich, Connecticut Greenwich (, ) is a New England town, town in southwestern Fairfield County, Connecticut, United States. At the 2020 United States Census, 2020 census, the town had a total population of 63,518. The largest town on Connecticut's Gold Coast (Conne ...

). The company produces research on the New York City real estate market that is used to measure real estate activity by media and other organizations. It is a member of the Real Estate Board of New York (REBNY). * Douglas Elliman Florida has its headquarters at 1111 Lincoln Road in

South Beach South Beach, also nicknamed colloquially as SoBe, is a neighborhood in Miami Beach, Florida. It is located east of Miami between Biscayne Bay and the Atlantic Ocean. The area encompasses Miami Beach south of Dade Boulevard. This area was the fi ...

Miami Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade C ...

, one of five South Beach offices, with 14 other offices across the state. In September 2013, Douglas Elliman named Jay Phillip Parker, a Florida attorney and real estate entrepreneur, as CEO of the Florida brokerage. * Douglas Elliman California opened its

Beverly Hills Beverly Hills is a city located in Los Angeles County, California. A notable and historic suburb of Greater Los Angeles, it is in a wealthy area immediately southwest of the Hollywood Hills, approximately northwest of downtown Los Angeles. Bev ...

headquarters in 2015, in a building designed by Patrick Tighe. In 2017, Douglas Elliman acquired Teles Properties, a Southern California competitor. When the acquisition is complete, the combined firm will be the second-largest non-franchise residential brokerage in California based on sales volume, after Pacific Union. Last year, Elliman and Teles had a combined sales volume of around $4 billion in California and $27.4 billion nationwide, according to Douglas Elliman. Following the acquisition, the Teles name will be dropped. * Douglas Elliman Hamptons has headquarters at 2488 Main Street Bridgehampton, one of nine East End offices.

Notable brokers

Tal and Oren Alexander Tal Alexander (born 5 July 1986) and Oren Alexander are United States real estate agents focusing on the New York and Miami markets. They founded the Alexander Team at Douglas Elliman Real Estate in 2012. In 2019, the brothers co-represented the b ...

Josh Altman Josh Altman (born March 10, 1979) is an American real estate agent, real estate investor and reality television personality. He appears on the television show ''Million Dollar Listing'', on the Bravo! television network. He has also appeared on ...

Penny Crone Barbara Penny Crone Forney (born 1950 in New York City) is a former American television and radio reporter, media personality, and current real estate broker for the Douglas Elliman real estate company in New York. Career Born in New York to Haro ...

Raphael De Niro Raphael De Niro (born November 9, 1976) is an American real estate broker and former actor. He often works with celebrity clients, including Jon Bon Jovi, Renée Zellweger, Travis Kalanick and Kelly Ripa. De Niro is the son of actor Robert De Nir ...

* Fredrik Eklund * Luis D. Ortiz *

Tracy Tutor Tracy Tutor (born August 11, 1975) is an American actress, author, real estate agent and reality television personality. She is a main cast member on the real estate reality television program, ''Million Dollar Listing Los Angeles'', appearing ...

Philanthropy

Douglas Elliman's philanthropic donations include the

American Heart Association The American Heart Association (AHA) is a nonprofit organization in the United States that funds cardiovascular medical research, educates consumers on healthy living and fosters appropriate cardiac care in an effort to reduce disability and death ...

Central Park Conservancy The Central Park Conservancy is a private, nonprofit park conservancy that manages Central Park under a contract with the City of New York and NYC Parks. The conservancy employs most maintenance and operations staff in the park. It effectively ...

, the

Gold Coast Film Festival The Gold Coast Film Festival (GCFF), formerly Gold Coast Film Fantastic, is an annual Australian film festival, held at the Home of the Arts (HOTA) in Surfers Paradise, Gold Coast, Queensland. Founded in 2002 as a fantasy film festival, GCFF n ...

, and

Big Brothers Big Sisters of New York City Big Brothers Big Sisters of NYC is a 501(c)(3) non-profit organization based in New York City whose mission is to help children reach their potential through professionally supported, one-to-one relationships with mentors that try to have a measur ...

. In 2013, the company donated $100,000 to the

Southampton Hospital Stony Brook Southampton Hospital, centrally located in the Village of Southampton, New York, is a 125-bed hospital accredited by the Joint Commission. A location of Stony Brook Medicine, Stony Brook Southampton Hospital is a New York State-desig ...

Foundation.

References

External links

Douglas Elliman Real Estate
official website
Douglas Elliman Florida
South Florida subdivision
Douglas Elliman Property ManagementDE Title
*John Holusha

''New York Times'', May 29, 1999 {{Authority control Real estate services companies of the United States Real estate companies established in 1911 Companies based in New York City American companies established in 1911