Douglas Elliman Honors Top Agents in California at The Ellies – The Firm’s Annual Awards Celebration
Beverly Hills, CA – On February 28th 2018, Douglas Elliman Real Estate, the fourth-largest residential real estate company nationwide, hosted the firm’s world-class agents in California at its annual awards celebration – The Ellies. One of several Ellies events held around the country, the ceremony honored top performers in Los Angeles, Monterey, Orange, San Diego, and Santa Barbara Counties, as well as the tremendous growth for Douglas Elliman in the state. In 2017, the company’s total sales volume in California was $4 billion, up 16 percent year-over-year. Nationwide, Douglas Elliman’s total sales volume was $26.1 billion.
Douglas Elliman’s California footprint expanded in 2017 with the acquisition of Teles Properties. The brokerage also opened an office in Malibu and expanded its new development division. The top three sales of the year were priced between $24 and $25 million.
“Our exciting news in 2017 in our Western Region was the acquisition of Teles Properties, which made Douglas Elliman the second largest non-franchise brokerage firm in California,” said Howard M. Lorber, chairman of Douglas Elliman Realty, LLC. “The firm now has 21 offices stretching from Coronado to Carmel. We see the results that these great agents and brokers have contributed, as we have grown tremendously in California. With the Ellies, we commend and congratulate them,” added Lorber.
“It has been a thrilling to experience our growth in California and the Western Region,” said Stephen Kotler, Douglas Elliman’s Chief Executive Officer of Brokerage, Western Region. “We are very proud of our agents and teams here who have contributed to the success of our company. It is with thanks that we celebrate their achievements.”
Sales volume for Douglas Elliman was $26.1 billion in 2017, an uptick from the $24.6 billion in 2016, an increase of six percent. “We’ve enjoyed an incredibly successful year as a firm and much is due to our wonderfully talented agents and the tremendous amount of dedication and effort they continually put forth,” said Scott Durkin, Douglas Elliman’s President and Chief Operating Officer. “Douglas Elliman is poised for a spectacular 2018.”
$4 Billion in 2017 Total Sales Volume in California; Up 16 Percent Year-Over-Year
Douglas Elliman Total Sales Volume Tops $26.1 Billion, an Uptick of Six Percent
About Douglas Elliman Real Estate
Established in 1911, Douglas Elliman Real Estate is the largest brokerage in the New York Metropolitan area and the fourth largest residential real estate company nationwide. With more than 7,000 agents, the company operates approximately 113 offices in Manhattan, Brooklyn, Queens, New Jersey, Long Island, the Hamptons & North Fork, Westchester, Greenwich, South Florida, Boston, Colorado and California. Moreover, Douglas Elliman has a strategic global alliance with London-based Knight Frank Residential for business in the worldwide luxury markets spanning 60 countries and six continents. The company also controls a portfolio of real estate services including Douglas Elliman Development Marketing; Manhattan’s largest residential property manager, Douglas Elliman Property Management with over 250 buildings; and DE Commercial. For more information on Douglas Elliman as well as expert commentary on emerging trends in the real estate industry, please visit elliman.com.