Douglas Elliman

History and overview

The company was founded by Douglas L. Elliman in 1911, as a basement store at 421 Madison Avenue in Manhattan. He served as its first president, and remained its honorary chairman until his death in 1972.

The company was sold to the Milstein family (Seymour Milstein and Paul Milstein) in 1989 and then again to Insignia Financial Group (now CB Richard Ellis) in 1999.

In 2003, Insignia sold Douglas Elliman to Montauk Battery Realty, an affiliate of Vector Group's New Valley LLC 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 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, 26 offices on Long Island, and six offices in Westchester (headquarters at 101 King Street, Chappaqua) and Connecticut (headquarters at 88 Field Point Road in Greenwich, Connecticut). 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). A reality television series titled Selling the City which follows a group of agents from this branch premiered in 2025 on Netflix.
• Douglas Elliman Florida has its headquarters at 1111 Lincoln Road in South Beach, Miami, 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 headquarters in 2015, in a building designed by Patrick Tighe. In 2017, Douglas Elliman acquired Teles Properties, a Southern California competitor, becoming the second-largest non-franchise residential brokerage in California based on sales volume, after Pacific Union. In 2016 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 was dropped.
• Douglas Elliman Hamptons has headquarters at 2488 Main Street in Bridgehampton, one of nine East End offices.

Notable brokers

• Tal and Oren Alexander
• Josh Altman
• Penny Crone
• Raphael De Niro
• Fredrik Eklund
• Luis D. Ortiz
• Tracy Tutor
• Kendra Wilkinson

Philanthropy

Douglas Elliman's philanthropic donations include the American Heart Association, Central Park Conservancy, the Gold Coast Film Festival, and Big Brothers Big Sisters of New York City. In 2013, the company donated $100,000 to the Southampton Hospital Foundation.

References

References

1. "About - Douglas Elliman".
2. "Management Team".
3. (2019). "Our Heritage".
4. (1972-02-14). "Elliman Dies; Moved Wealthy Into Apartments". The Daily Argus.
5. (10 December 1989). "Postings: Douglas Elliman Sold; Milsteins Buy Firm". The New York Times.
6. (29 May 1999). "Douglas Elliman Real Estate Brokerage to Be Sold". The New York Times.
7. (March 18, 2003). "Insignia Financial Group Sells Residential Business to Montauk Battery Realty, LLC".
8. (November 19, 2012). "Douglas Elliman officially drops 'Prudential' from brokerage name". The Real Deal.
9. "About Knight Frank USA".
10. (March 11, 2013). "Douglas Elliman Celebrates South Florida Agents With 2012 Awards Ceremony At Cipriani". Yahoo! Finance.
11. (31 December 2021). "Vector Group completes Douglas Elliman spinoff". www.bizjournals.com.
12. "Douglas Elliman Offices". Douglas Elliman Real Estate.
13. Anuta, Joe. (23 October 2013). "Luxury housing market lifts Hamptons". Crain's New York.
14. Finn, Robin. (2 October 2013). "Home Sales Rose in Tighter Manhattan Market, Report Says". The New York Times.
15. "Member Firms".
16. "Meet the 8 Realtors Starring in Netflix's 'Selling the City'". House Beautiful.
17. "Selling the City: Everything You Need to Know About the Cast". Netflix.
18. "Selling the City's Cast Members Are Ready to Fill Your Selling Sunset Void".
19. Fernandez, Yudislaidy. (10 February 2011). "New York Realty Giant Douglas Elliman Adds Flagship Office".
20. "Douglas Elliman Offices in Florida". Douglas Elliman Real Estate.
21. Azenha, Felipe. (4 September 2013). "Douglas Elliman Names Jay Philip Parker CEO of Florida Brokerage".
22. Khouri, Andrew. (31 July 2017). "Luxury real estate brokerage Douglas Elliman to purchase Beverly Hills rival Teles".
23. (April 1, 2014). "What It's Like To Be One Of Luxury Real Estate's Highest Rollers At Age 27".
24. "Luis D. Ortiz Joins Douglas Elliman". PR Newswire.
25. Bernstein, Fred A.. (19 May 2011). "New Brokerage Donates Portion of Fees to Charity". The New York Times.
26. "Douglas Elliman Real Estate Sponsors Annual Gold Coast Film Festival In Support Of Local Arts And Cinema". KCTV.
27. "Douglas Elliman Donates $100K to Southampton Hospital Foundation from Sale of Former Hospital Thrift Shop". Southampton Hospital.