US Market News
2週前
Casa Avenida Celebrates Official Groundbreaking in Downtown Delray BeachMay 22, 2026 10:18 AM
PR Newswire (US) DELRAY BEACH, Fla., May 22, 2026 /PRNewswire/ -- Kastelo Development and 4TRO Development celebrated the groundbreaking of Casa Avenida, a boutique, four-story luxury townhome community in the heart of Delray Beach. Located at 102 SE 5th Avenue, this exclusive collection boasts eight residences, with floorplans ranging from three to five-bedrooms, or 2,804 to 3,336 square feet. The upscale townhomes are exclusively sold by TJ Verdiglione and Nicole Melveney of the GVC Real Estate Team at Douglas Elliman. Local municipal leaders as well as key members of the development and design team who spoke to guests at the groundbreaking event included Mayor of Delray Beach Tom Carney, City Commissioners, and Stephanie Immelman, President & Chief Executive Officer, Greater Delray Beach Chamber of Commerce."Delray Beach is one of the most compelling coastal markets in South Florida: walkable, supply-constrained, and still underbuilt at the upper end," said Jerad Graham, founder of Kastelo Development. "Our strategy centers on sensible density in walkable locations, and this part of Delray is exactly that, steps from both Atlantic Avenue and the beach. Casa Avenida draws from Delray's architectural character and delivers design-focused residences with the privacy and scale of a single-family home, without giving up the energy of Atlantic Avenue."Blending modern architecture with contemporary design, Casa Avenida boasts top-of-the-line finishes and amenities, from private elevators to secure garages and an elevated cocktail pool. Each four-story townhome, designed by RWB-Linares Architecture, draws on Delray Beach's coastal character with a more refined, modern sensibility. The interiors, a collaboration between Stef Leonel Interior Design and Ava Gray Interiors, layer warmth and texture to create spaces that feel both sophisticated and inviting.The homes are defined by volume and natural light, with soaring ceilings, oversized windows, and a natural flow between indoor and outdoor living. Each residence is equipped with a private elevator, and two expansive terraces: a second-floor garden terrace anchored by an elevated cocktail pool, and a rooftop level with an outdoor kitchen, and air-conditioned bonus room."From a sales perspective, what has stood out is how quickly buyers understand the lifestyle Casa Avenida offers," said TJ Verdiglione, Sales Director for Casa Avenida. "They are responding to the ability to live just one block from Atlantic Avenue while still having the privacy, outdoor space, elevated finishes, and private elevator experience they would normally associate with a much larger home. It feels premium, but it is also very livable, which is a big part of why the project is resonating."Set just off Atlantic Avenue, Casa Avenida places residents within one of Delray Beach's most walkable neighborhoods. The area blends coastal living with a lively downtown filled with restaurants, galleries, and shops, all within a short walk of the beach.For more information on Casa Avenida, please visit www.casaavenidadelray.com or contact TJ Verdiglione at 561-730-2508 or Thomas.verdiglione@elliman.com.About Kastelo Development
Kastelo Development is a real estate investment and development firm with experience building over $750 million in residential and mixed-use projects. The firm now focuses on Florida townhomes in high-growth, supply-constrained markets. Kastelo operates with an investor-first mindset, structuring each project around capital alignment, repeatable relationships, and long-term trust. The firm is committed to delivering durable value and protecting investor capital through high quality site selection, design, and transparent execution. For more information, visit www.kastelodevelopment.com.About 4TRO
4TRO is a real estate investment and development firm focused on multifamily, residential, industrial and mixed-use opportunities in the United States. 4TRO Development and Capital is an extension of Produgesa, a branch of the family-owned Grupo Geo with over 30 years of experience in industrial, residential, and commercial developments and investments in Central America. Expanding into the U.S. market, 4TRO brings this expertise to Florida, focusing on developments and strategic investments. They leverage their extensive experience to create exceptional properties and make informed investment decisions that drive value for their investors and positively impact the communities they serve. For more information, visit www.4tro.us.About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts. View original content to download multimedia:https://www.prnewswire.com/news-releases/casa-avenida-celebrates-official-groundbreaking-in-downtown-delray-beach-302780200.htmlSOURCE Douglas Elliman Original: Casa Avenida Celebrates Official Groundbreaking in Downtown Delray Beach
US Market News
4週前
Douglas Elliman Expands Mortgage Platform Elliman Capital to CaliforniaMay 12, 2026 3:32 PM
PR Newswire (US) Preeminent real estate brokerage brings integrated financing solution to the West Coast through strategic relationship with Cohen Financial GroupBEVERLY HILLS, Calif., May 12, 2026 /PRNewswire/ -- Douglas Elliman Realty, LLC ("Douglas Elliman"), the preeminent luxury residential real estate brokerage in the United States, today announced that Elliman Capital, its innovative in-house mortgage platform launched last July in Florida and expanded to New York in January, has now entered the California market. Elliman Capital's expansion into California is powered by a strategic relationship with Cohen Financial Group, led by Mark Cohen. Elliman Capital delivers a seamless, full-service lending solution with a comprehensive range of financing options, including conventional and jumbo loans, construction financing, commercial lending, bridge loans, FHA, VA, and more. The platform is also designed to support non-traditional borrowers such as self-employed individuals, investors, and foreign nationals."California represents one of the most complex and competitive real estate markets in the country, and expanding Elliman Capital here is a natural evolution of our platform," said Michael S. Liebowitz, President and CEO of Douglas Elliman Inc. "With Mark's expertise, we are strengthening our ability to deliver seamless, customized financing solutions that support our agents and elevate the client experience at every stage of the transaction."Widely regarded as one of the top mortgage brokers in the United States, Cohen will serve as Elliman Capital's mortgage broker across Douglas Elliman offices throughout the Greater Los Angeles area, including Beverly Hills, Brentwood, Calabasas, and Pasadena. He will work closely with agents and clients to deliver tailored financing strategies across a broad spectrum of borrower profiles."Expanding Elliman Capital into the Greater Los Angeles market is a significant step forward in delivering a more integrated and elevated experience for our agents and clients," said James Bender, Director of Elliman Capital. "Los Angeles is a highly sophisticated lending environment, and partnering with Mark Cohen allows us to meet that complexity with the level of expertise, discretion, and customization our clients expect. This collaboration strengthens our ability to provide thoughtful, solution-oriented financing that supports even the most nuanced transactions.""Elliman Capital was designed to elevate the client experience by integrating best-in-class financing directly into our brokerage platform," said Bill Begert, Chief Operating Officer of Brokerage, Western Region at Douglas Elliman. "Expanding into California with a partner of Mark's caliber allows us to bring that vision to life in one of the most dynamic luxury markets in the world. We are confident this will be a meaningful advantage for our agents and clients alike."Cohen brings decades of experience in luxury and complex financing, with a national reputation for structuring sophisticated loan solutions for high-net-worth and ultra-high-net-worth clients. Through Cohen Financial Group, he has built one of the most respected mortgage advisory firms in the country, known for its white-glove service, deep lender relationships, and ability to navigate highly nuanced transactions, including jumbo financing, investment properties, and non-traditional borrower scenarios. His clientele includes executives, entrepreneurs, and global investors who require bespoke lending strategies beyond conventional underwriting frameworks."Los Angeles is one of the most dynamic and nuanced lending markets in the country, and success here requires more than just access to capital, it requires strategy, creativity, and precision," said Cohen. "Partnering with Douglas Elliman and Elliman Capital allows us to bring that level of execution directly into the transaction, creating a more cohesive and elevated experience for clients at every stage."The California expansion further strengthens Douglas Elliman's ability to deliver a fully integrated real estate experience, combining its established luxury brokerage platform with best-in-class financing capabilities. Agents benefit from enhanced visibility into the lending process, while clients gain access to competitive rates, tailored loan structures, and a more streamlined path to closing.The platform also incorporates advanced technology and streamlined processes that allow Douglas Elliman agents to refer clients, track loan progress, and receive real-time updates throughout the financing process, ensuring a more cohesive experience from initial property search through closing.Key benefits of Elliman Capital include:Comprehensive Product Range: Access to traditional and specialty loan products from multiple national and regional lendersCompetitive Rates: Strong lender relationships designed to secure competitive termsStreamlined Process: Integrated technology that simplifies the mortgage application and approval processExpert Guidance: Experienced mortgage professionals delivering tailored solutionsEnhanced Agent Support: Tools and resources that empower agents to better serve their clientsCombining Douglas Elliman's reputation for luxury service and market expertise with its expanded mortgage capabilities, Elliman Capital is meeting growing demand for more personalized, flexible financing solutions. For more information, visit ellimancapital.com.About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.Forward-Looking and Cautionary Statements
This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this press release are forward-looking. These statements include, but are not limited to, statements regarding the future growth, plans, strategies and results of Douglas Elliman Inc. and potential future transactions. We identify forward-looking statements in this press release by using words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may be," "continue" "could," "potential," "objective," "plan," "seek," "predict," "project" and "will be" and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law. View original content to download multimedia:https://www.prnewswire.com/news-releases/douglas-elliman-expands-mortgage-platform-elliman-capital-to-california-302770038.htmlSOURCE Douglas Elliman Original: Douglas Elliman Expands Mortgage Platform Elliman Capital to California
US Market News
4週前
Douglas Elliman Inc. Reports First Quarter 2026 Financial ResultsMay 8, 2026 4:30 PM
Business Wire Company advances strategic priorities with new market entries, platform expansion and brokerage leadership appointments Positioned for long-term growth as a leaner, more powerful platform built for luxury Douglas Elliman Inc. (“Douglas Elliman” or the “Company”) (NYSE: DOUG) the parent company of Douglas Elliman Realty, one of the nation's premier luxury residential real estate brokerages, today announced financial results for the three months ended March 31, 2026. CEO STATEMENT “We continue to execute our disciplined, long-term strategy as the premier, pure-play luxury residential real estate brokerage, and we remain confident in the platform we have built," said Michael S. Liebowitz, President and Chief Executive Officer of Douglas Elliman Inc. "Through disciplined expense management and meaningful investment in technology, talent, and geography, we have created a leaner, more powerful platform engineered for strategic growth – as demonstrated by the additions at Douglas Elliman Realty of Lena Johnson as President of Brokerage Operations and Areeje Oriol as Chief of Staff.” Mr. Liebowitz continued, “The momentum we are seeing across recruitment and the broader competitive landscape gives me greater confidence in the Company's trajectory than at any point in my tenure. As others in our industry navigate consolidation, we remain singularly focused on building the preeminent luxury residential real estate platform in the world – and, with the strength of our balance sheet, we are well-positioned to drive long-term growth and stockholder value as market conditions improve.” Q1 2026 FINANCIAL HIGHLIGHTS First quarter 2026 revenues were $214.3 million, compared to revenues of $253.4 million in the first quarter of 2025. The year-over-year comparison of revenues was impacted by a difficult comparable due to an unusually strong first quarter of 2025 and the October 2025 disposition of Douglas Elliman Property Management, which contributed $9.5 million to first quarter 2025 revenue. Excluding property management revenues, our revenues were $243.9 million for the first quarter of 2025. The Company recorded an operating loss of $17.5 million in the first quarter of 2026, compared to $5.3 million in the first quarter of 2025. Net loss attributed to Douglas Elliman in the first quarter of 2026 was $16.3 million, or $0.19 per diluted common share, compared to $6.0 million, or $0.07 per diluted common share, in the first quarter of 2025. NON-GAAP FINANCIAL MEASURES Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial results for the three months ended March 31, 2026 and 2025 are included in Tables 2 and 3, and for the last twelve months (“LTM”) ended March 31, 2026 and year ended December 31, 2025 are included in Table 2. Adjusted EBITDA attributed to Douglas Elliman (as described in Table 2 attached hereto) was a loss of $10.4 million for the first quarter of 2026, compared to a loss of $0.9 million in the first quarter of 2025. Adjusted Net Loss attributed to Douglas Elliman (as described in Table 3 attached hereto) was $12.4 million or $0.14 per diluted share, for the first quarter of 2026, compared to $4.3 million or $0.05 per diluted share, for the first quarter of 2025. GROSS TRANSACTION VALUE For the three months ended March 31, 2026, the Company achieved gross transaction value of approximately $8.6 billion with an average price per transaction of $1.96 million - a figure that management believes affirms Douglas Elliman's position at the top of the luxury residential market and its distinction as the highest average sales price brokerage among the top 10 national brokerages in the United States. For the three months ended March 31, 2025, the Company achieved gross transaction value of approximately $9.9 billion with an average price per transaction of $2.02 million. BALANCE SHEET AND CAPITAL POSITION Douglas Elliman maintained a robust balance sheet as of March 31, 2026, with cash and cash equivalents of approximately $96.0 million and no long-term debt. This financial profile affords the Company significant strategic flexibility to pursue organic growth, accretive talent acquisition, technology investment, and opportunistic market expansion initiatives. OUTLOOK The Company enters the second quarter of 2026 with a strengthened foundation: a strong capital position, a development marketing pipeline of approximately $27.2 billion (including $19.5 billion in Florida alone) with another $8.4 billion scheduled to come to market through March 31, 2027, and key brokerage leadership appointments now in place. While first quarter 2026 revenues declined year-over-year against a particularly strong prior-year quarter, they exceeded first quarter revenues in both 2024 and 2023, reflecting the positive underlying trajectory of the business. The cost discipline actions taken throughout 2025, international and domestic footprint expansion, and the continued investment in technology and brand all contribute to what management believes is a compelling foundation for accelerated growth as market conditions normalize. Douglas Elliman remains focused on maintaining leadership in luxury residential real estate through superior agent talent, global market presence, and a brand that commands the industry's highest average sales price. Management is executing against this objective with discipline and believes the platform is now well positioned to deliver long-term stockholder value. STRATEGIC GROWTH INITIATIVES Douglas Elliman sees opportunities to extend the Company's luxury leadership and accelerate long-term stockholder value creation. Footprint Expansion Since 2025, Douglas Elliman entered new international markets in Canada, France, Monaco, and the Caribbean. These markets extend the Company's geographic reach to serve affluent and ultra-high-net-worth clients across global luxury real estate locations. In addition, Douglas Elliman continues to extend its domestic footprint across several high-value and coveted luxury markets, including the California Wine Country, Richmond, Virginia and Rye, New York. Together these expansions reflect the Company's disciplined, opportunity-driven approach to market growth and its commitment to planting the Douglas Elliman flag in markets where luxury demand is rising. Technology and AI Investment Douglas Elliman continued its disciplined investment in technology during the first quarter, with a focused and strategic build-out of tools designed to elevate the agent and client experience by continuing to refine Elli Ai, Douglas Elliman’s AI agent assistant, as well as the development of a new agent mobile app that will serve as a single source of entry for agent productivity, consolidating the tools and information agents need into one seamless platform. LUXURY LEADERSHIP AND MARKET POSITION As a pure-play luxury residential real estate brokerage, Douglas Elliman serves a distinct segment of the market. With the highest average sales price among the top 10 national brokerages, the Company's brand, agent network, and transaction expertise are focused on the luxury and ultra-luxury segments, which have historically demonstrated resilience across varying market conditions. The 2026 RealTrends Brokerage Rankings, which place Douglas Elliman among the top 10 brokerages in the nation in Gross Transaction Value, reflect the strength of Douglas Elliman's luxury platform. NON-GAAP FINANCIAL MEASURES Adjusted EBITDA attributed to Douglas Elliman, Adjusted Net Loss attributed to Douglas Elliman and financial measures for the last twelve months (“LTM”) ended March 31, 2026 (referred to as the “Non-GAAP Financial Measures”) are financial measures not prepared in accordance with generally accepted accounting principles (“GAAP”). The Company believes that the Non-GAAP Financial Measures are important measures that supplement discussion and analysis of its results of operations and enhance an understanding of its operating performance. The Company believes the Non-GAAP Financial Measures provide investors and analysts with a useful measure of operating results unaffected by differences in capital structures and ages of related assets among otherwise comparable companies. Management uses the Non-GAAP Financial Measures as measures to review and assess the operating performance of the Company’s business, and management does, and investors should review both the overall performance (GAAP net income (loss)) and the operating performance (the Non-GAAP Financial Measures) of the Company’s business. While management considers the Non-GAAP Financial Measures to be important, they should be considered in addition to, but not as substitutes for or superior to, other measures of financial performance prepared in accordance with GAAP, such as operating income (loss), net income (loss) and cash flows from operations. In addition, the Non-GAAP Financial Measures are susceptible to varying calculations and the Company’s measurement of the Non-GAAP Financial Measures may not be comparable to those of other companies. Attached hereto as Tables 2 and 3 is information relating to the Company’s Non-GAAP Financial Measures for the three months ended March 31, 2026 and 2025, the LTM ended March 31, 2026 and the year ended December 31, 2025. About Douglas Elliman Inc. Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman”) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, the Hamptons, Westchester, Connecticut, New Jersey, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman is available on its website, investors.elliman.com. Investors and others should note that we may post information about Douglas Elliman on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, X, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman to review the information we post on our website at investors.elliman.com and on our social media accounts. Forward-Looking and Cautionary Statements This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this press release are forward-looking. We identify forward-looking statements in this press release by using words or phrases such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may be,” “continue” “could,” “potential,” “objective,” “plan,” “seek,” “predict,” “project” and “will be” and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in our Annual Report on Form 10-K for the year ended December 31, 2025 and, when filed, our Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement except as required by applicable law. [Financial Tables Follow] TABLE 1 DOUGLAS ELLIMAN INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Dollars in Thousands, Except Per Share Amounts) Three Months Ended March 31, 2026 2025 Revenues: Commissions and other brokerage income $ 211,881 $ 241,143 Property management — 9,492 Other ancillary services 2,452 2,768 Total revenues 214,333 253,403 Expenses: Real estate agent commissions 167,391 186,525 Sales and marketing 17,737 19,739 Operations and support 16,240 17,728 General and administrative 23,192 27,325 Technology 5,238 5,535 Depreciation and amortization 1,999 1,900 Restructuring 47 — Operating loss (17,511 ) (5,349 ) Other income (expenses): Interest expense (3 ) (1,530 ) Interest income 890 1,361 Equity in earnings from equity-method investments 388 2 Change in fair value of the derivative embedded within convertible debt — (746 ) Investment and other losses (40 ) (22 ) Loss before provision for income taxes (16,276 ) (6,284 ) Income tax expense — — Net loss (16,276 ) (6,284 ) Net loss attributed to non-controlling interest — 299 Net loss attributed to Douglas Elliman Inc. $ (16,276 ) $ (5,985 ) Per basic common share: Net loss applicable to common shares attributed to Douglas Elliman Inc. $ (0.19 ) $ (0.07 ) Per diluted common share: Net loss applicable to common shares attributed to Douglas Elliman Inc. $ (0.19 ) $ (0.07 ) TABLE 2 DOUGLAS ELLIMAN INC. AND SUBSIDIARIES RECONCILIATION OF ADJUSTED EBITDA (Unaudited) (Dollars in Thousands) LTM Year Ended Three Months Ended March 31, December 31, March 31, 2026 2025 2026 2025 Net income (loss) attributed to Douglas Elliman Inc. $ 4,928 $ 15,219 $ (16,276 ) $ (5,985 ) Interest expense 3,542 5,069 3 1,530 Interest income (4,429 ) (4,900 ) (890 ) (1,361 ) Income tax expense 3,560 3,560 — — Net loss attributed to non-controlling interest (610 ) (909 ) — (299 ) Depreciation and amortization 8,476 8,377 1,999 1,900 EBITDA $ 15,467 $ 26,416 $ (15,164 ) $ (4,215 ) Results from operations of disposed business (a) (4,606 ) (6,621 ) — (2,015 ) Gain on disposal of business (81,655 ) (81,655 ) — — Equity in earnings from equity-method investments (b) (573 ) (187 ) (388 ) (2 ) Change in fair value of derivative embedded within convertible debt 27,736 28,482 — 746 Loss on extinguishment of liability 466 466 — — Stock-based compensation(c) 7,710 8,577 1,168 2,035 Litigation, settlement and related expenses, net (d) 9,590 7,637 3,851 1,898 Executive severance and separation (benefit) expense(e) (709 ) (299 ) — 410 Impairment of fixed assets 2,275 2,275 — — Restructuring 1,683 1,636 47 — Investment and other (gains) losses (1,300 ) (1,318 ) 40 22 Adjusted EBITDA (23,916 ) (14,591 ) (10,446 ) (1,121 ) Adjusted EBITDA attributed to non-controlling interest 387 601 — 214 Adjusted EBITDA attributed to Douglas Elliman Inc. $ (23,529 ) $ (13,990 ) $ (10,446 ) $ (907 ) Represents results from operations of Residential Management Group, LLC, which conducts business as Douglas Elliman Property Management (“DEPM”), which was disposed on October 24, 2025. This adjustment also includes the corporate allocation to Douglas Elliman Realty, LLC (“DER”) from DEPM. The expenses associated with the corporate allocation to DEPM have continued at DER after the disposal. Represents equity in earnings recognized from the Company’s investments in equity method investments that are accounted for under the equity method and are not consolidated in the Company’s financial results. Represents amortization of stock-based compensation. Represents unusual litigation, settlement and related expenses, net, incurred in connection with industry-wide antitrust class action lawsuits and other matters related to employees and agents. For the year ended December 31, 2025, the Company incurred such expenses of $7,637, net of amounts recovered from insurance, which was included in general and administrative expenses in the consolidated statement of operations. For the three months ended March 31, 2026, the Company incurred such expenses of $3,851 which are included in general and administrative expenses in the condensed consolidated statement of operations. For the three months ended March 31, 2025, we incurred such expenses of $1,898 and they are included in general and administrative expenses in the condensed consolidated statements of operations. Represents executive severance and separation expenses, net of amounts recovered from insurance. All amounts are included within general and administrative expenses on the condensed consolidated statement of operations. TABLE 3 DOUGLAS ELLIMAN INC. AND SUBSIDIARIES RECONCILIATION OF ADJUSTED NET LOSS (Unaudited) (Dollars in Thousands, Except Per Share Amounts) Three Months Ended March 31, 2026 2025 Net loss attributed to Douglas Elliman Inc. $ (16,276 ) $ (5,985 ) Results from operations of disposed business (a) — (1,895 ) Restructuring 47 — Change in fair value of derivative embedded within convertible debt — 746 Non-cash amortization of debt discount on convertible debt — 534 Executive severance and separation benefit — 410 Litigation, settlement and related expenses, net 3,851 1,898 Total adjustments 3,898 1,693 Adjusted net loss attributed to Douglas Elliman Inc. $ (12,378 ) $ (4,292 ) Per diluted common share: Adjusted net loss applicable to common shares attributed to Douglas Elliman Inc. $ (0.14 ) $ (0.05 ) Represents results from operations of Residential Management Group, LLC, which conducts business as DEPM, which was disposed on October 24, 2025. This adjustment also includes the corporate allocation to DER from DEPM. The expenses associated with the corporate allocation to DEPM have continued at DER after the disposal. TABLE 4 DOUGLAS ELLIMAN INC. AND SUBSIDIARIES KEY BUSINESS METRICS (Unaudited) (Dollars in Thousands, Except for Gross Transaction Value) LTM Year Ended Three Months Ended March 31, December 31, March 31, 2026 2025 2026 2025 Revenues: Commissions and other brokerage income $ 960,580 $ 989,842 $ 211,881 $ 241,143 Property management 22,100 31,592 — 9,492 Other ancillary services 11,305 11,621 2,452 2,768 Total revenues $ 993,985 $ 1,033,055 $ 214,333 $ 253,403 Gross transaction value (in billions) $ 38.5 $ 39.8 $ 8.6 $ 9.9 Total transactions 20,823 21,338 4,393 4,908 View source version on businesswire.com: https://www.businesswire.com/news/home/20260508090853/en/ Stephen Larkin, Douglas Elliman Inc.
917-902-2503 Catherine Livingston,
FGS Global,
212-687-8080 J. Bryant Kirkland III, Douglas Elliman Inc.
305-579-8000 Original: Douglas Elliman Inc. Reports First Quarter 2026 Financial Results
US Market News
1月前
Lena Johnson Named President of National Brokerage for Douglas Elliman RealtyApril 28, 2026 1:20 PM
PR Newswire (US)
Luxury brand executive and real estate industry veteran to lead national brokerage operations and accelerate Douglas Elliman's leadership in the high-end marketNEW YORK, April 28, 2026 /PRNewswire/ -- Douglas Elliman Realty, the preeminent luxury residential real estate brokerage in the United States, today announced the appointment of Lena Johnson as President of National Brokerage. Based at the firm's New York City headquarters at 575 Madison Avenue in Manhattan, Johnson will lead brokerage operations nationally with a strategic mandate to further strengthen the firm's position in the global luxury real estate market, elevate agent performance, and deliver a distinctly differentiated experience for both agents and clients. She will report directly to Douglas Elliman Inc. President & CEO Michael S. Liebowitz.
"Lena understands the luxury consumer at the highest level and has repeatedly built businesses that attract elite talent and deliver elevated client experiences," said Michael S. Liebowitz. "Douglas Elliman has always stood apart through service, relationships, and excellence. Lena's leadership strengthens that identity and positions us to lead the next era of luxury brokerage."Johnson joins Douglas Elliman with a career defined by leadership at brands synonymous with luxury, design, and high-touch client service. Her experience spans premier names in real estate, media, and lifestyle, where she has built platforms that resonate with sophisticated consumers and top-performing talent making her uniquely aligned with Douglas Elliman's brand and vision."From my earliest conversations with Michael, it was clear we share the same vision for where the luxury market is headed and what agents need to succeed in it," said Johnson. "Douglas Elliman has an extraordinary brand, unmatched heritage, and a powerful opportunity to further define the future of luxury real estate. By investing in our agents and delivering a more elevated, personalized experience, we can continue to be the brokerage of choice for the world's most discerning clients."Johnson most recently served as Chief Marketing Officer at ONE Sotheby's International Realty, where she led strategic marketing and brand strategy. Prior to that, she was VP of Marketing and Head of Luxury Division at Compass, where she built and led a 150-person in-house marketing and creative services agency. Earlier in her career, Johnson held senior leadership roles at Vogue, overseeing sales and marketing across the Americas, France, and the UK.Johnson has emphasized accessibility and deep engagement with the firm's agent community as a cornerstone of her leadership approach. Agents across all markets can expect close partnership, active collaboration, and meaningful investment in tools, support, and growth opportunities.A key component of Johnson's strategy will be leveraging Douglas Elliman's scale and independence to create a differentiated value proposition in a competitive landscape. She sees the firm as uniquely positioned — not as a big-box brokerage, but as a brand with both heritage and agility that can deliver a more tailored and elevated experience than larger, more institutional competitors.In her role, Johnson will also focus on expanding Douglas Elliman's presence in key luxury growth markets globally, while continuing to strengthen its leadership in its established markets nationwide. Her mandate includes enhancing agent productivity, modernizing brokerage infrastructure, and attracting top-tier talent aligned with the firm's long-term vision. She will work alongside the broader executive leadership team as the company executes on its strategy to accelerate growth and reinforce its position as the preeminent luxury residential real estate brokerage in the United States.Johnson's appointment underscores Douglas Elliman's continued commitment to innovation, growth, and leadership in the global luxury real estate sector.About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.Forward-Looking and Cautionary Statements
This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this press release are forward-looking. These statements include, but are not limited to, statements regarding the future growth, plans, strategies and results of Douglas Elliman Inc. We identify forward-looking statements in this press release by using words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may be," "continue" "could," "potential," "objective," "plan," "seek," "predict," "project" and "will be" and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lena-johnson-named-president-of-national-brokerage-for-douglas-elliman-realty-302756070.htmlSOURCE Douglas Elliman
Original: Lena Johnson Named President of National Brokerage for Douglas Elliman Realty
US Market News
2月前
Top-Producing Team Jackson Arnett Group Joins Douglas Elliman in Rancho Santa Fe and North County Coastal San DiegoApril 13, 2026 4:24 PM
PR Newswire (US)
SAN DIEGO, April 13, 2026 /PRNewswire/ -- Douglas Elliman Realty, the preeminent luxury real estate brokerage in the United States, today announced that the Jackson Arnett Group, one of San Diego, California's most accomplished real estate teams and a former RealTrends #3 Medium Size Team (by sides) in Rancho Santa Fe, has joined the firm following seven-plus successful years at Compass. Led by Delorine Jackson and Ian Arnett, and including licensed real estate salesperson Bayley Bachiero, the Jackson Arnett Group will strengthen the brokerage's presence across the Rancho Santa Fe and North County Coastal San Diego, California markets. The team brings deep market expertise, an exceptional client-centric approach, and a proven track record of success in the region's most prestigious communities and will be based out of Douglas Elliman's Del Mar office, led by Dan Tomasi, the Executive Manager of Sales for San Diego.
"We are thrilled to welcome Delorine, Ian and Bayley to the Douglas Elliman family," said Michael S. Liebowitz, President and Chief Executive Officer of Douglas Elliman Inc. "Their extraordinary track record, deep roots in Rancho Santa Fe and North County San Diego, and commitment to excellence align perfectly with our vision of empowering elite agents to deliver unmatched service in California's premier luxury markets."Led by Delorine and Ian, the Jackson Arnett Group brings together complementary strengths that have made them one of San Diego's most respected luxury teams.Delorine Jackson is a highly-regarded luxury real estate advisor, entrepreneur, and philanthropist whose remarkable journey—from being adopted at age eight after growing up in a South Korean orphanage to becoming a leading force in Rancho Santa Fe—fuels her deep commitment to clients and community. A longtime resident of Rancho Santa Fe, she brings over 20-plus years of experience, strategic expertise, and a passion for revitalizing Rancho Santa Fe's downtown village through her commercial property investments."After more than two decades building our business in Rancho Santa Fe and North County Coastal San Diego, this move to Douglas Elliman represents the next meaningful chapter for our team and our clients," said Jackson. "Douglas Elliman's unparalleled service, connectivity, and unwavering commitment to luxury excellence will allow us to deliver even greater value, while we continue our deep community work in revitalizing the village and supporting local philanthropy. It's a partnership that aligns perfectly with our vision of creating lasting impact through real estate and beyond."Ian Arnett, a native of the Greater San Diego region and licensed real estate agent for over 27 years, complements Delorine with his intimate knowledge of local and Southern California market trends, a true passion for home design, and a results-driven approach to luxury real estate. Highly skilled in the acquisition and sale of residential and distinctive properties, Ian excels at providing thoughtful guidance and insightful market assessments. He helps clients maximize value through strategic upgrades, floor-plan enhancements, and cost-effective modifications that increase equity and elevate properties. Clients trust his integrity, constant communication, prompt responsiveness, and ability to skillfully navigate challenges while protecting and achieving optimal outcomes in every transaction."Joining Douglas Elliman is a strategic and exciting step forward for our team. As a lifelong San Diegan passionate about this market, I'm thrilled to partner with a brokerage that offers a service-oriented approach to its agents, attention-to-detail, and a true luxury focus," said Arnett. "This move will enhance our ability to maximize opportunities for buyers and sellers — from strategic property enhancements to publicizing high-end transactions — all while maintaining the personal, integrity-driven service our clients have come to expect."Bayley, a licensed salesperson and Southern California native, adds dynamic energy and specialized focus to the team. With a sharp eye for luxury listings and off-market opportunities, Bayley delivers proactive, integrity-driven service across Rancho Santa Fe and the coastal communities.After knowing each other in the business for over 20 years, Arnett formally aligned with Jackson two years ago, establishing a strategic relationship that continues to capture business across San Diego and Southern California.Together, the Jackson Arnett Group has delivered strong results across San Diego County, including over $160 million in closed sales volume in 2025 alone. The team consistently ranks among the top producers locally, including #4 on the San Diego Business Journal's 2025 Residential Real Estate Agents list. With an average home price exceeding $3 million and a core team of three licensed agents, they specialize in high-end residential transactions.The Jackson Arnett Group boasts significant experience in the region and is poised for a strong spring season, bringing to market $40 million in luxury residential listings across Rancho Santa Fe and North County San Diego. These include premier properties include 5315 La Crescenta in Rancho Santa Fe, a $16,495,000 six-bedroom, eight-bathroom newly redesigned estate on four acres; 6627 Calle Ponte Bella in Rancho Santa Fe, a $6,395,000 five-bedroom, seven-bathroom masterpiece in the highly coveted guard-gated community of The Bridges; and 611 Stratford Court in Del Mar, a $4,175,000 two-bedroom, four-bathroom Del Mar Village residence that captures the essence of coastal living."Delorine, Ian and Bayley's unique blend of market mastery, entrepreneurial spirit, and community impact provide unlimited opportunities for buyers and sellers across San Diego's high-end residential sector," said Bill Begert, Chief Operations Officer of Brokerage, Western Region, Douglas Elliman. The addition of the Jackson Arnett Group underscores Elliman's unwavering commitment to supporting top-producing teams.""Rancho Santa Fe remains one of California's most coveted luxury markets, and Delorine and Ian and Bayley bring unmatched local intelligence, client relationships, and a proven ability to deliver results," added Peter Hernandez, President of Brokerage, California and Nevada Regions, Douglas Elliman.Together, the Jackson Arnett Group distinguishes themselves through a rare combination of local roots, personal stories of resilience and reinvention, community leadership, hands-on design expertise, and a sharp focus on off-market and luxury lifestyle properties. They will continue to specialize in the region's most coveted luxury enclaves, including Rancho Santa Fe (The Bridges, Covenant, Fairbanks Ranch, Del Mar Country Club, and surrounding gated communities), Del Mar, La Jolla, Encinitas, Solana Beach, Carmel Valley, and Poway.The Jackson Arnett Group joins a roster of industry heavy hitters who have joined Douglas Elliman in recent months including Caitlin Chagan, President of Douglas Elliman Development Marketing, New York, Chief Strategy Officer Wendy S. Purvey, Chief Technology Officer Chris Reyes, Chief Marketing Officer Natalie Passerini, growth expert Rich Green, Chief of Staff Areeje Akhtar Oriol, as well as top-ranked agents Heather Domi and Samantha Behringer in New York, Dana Johnson in Houston, Megan Sullivan in Greenwich and Christine Krenos and Joseph Zichelle in California Wine Country.About Douglas Elliman Inc. Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.Forward-Looking and Cautionary StatementsThis press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this document are forward-looking. These statements include, but are not limited to, statements regarding the future plans, strategies and results of Douglas Elliman Inc. We identify forward-looking statements in this press release by using words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may be," "continue," "could," "potential," "objective," "plan," "seek," "predict," "project" and "will be" and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in Douglas Elliman Inc.'s Annual Report on Form 10-K for the year ended December 31, 2025 and its Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/top-producing-team-jackson-arnett-group-joins-douglas-elliman-in-rancho-santa-fe-and-north-county-coastal-san-diego-302740928.htmlSOURCE Douglas Elliman
Original: Top-Producing Team Jackson Arnett Group Joins Douglas Elliman in Rancho Santa Fe and North County Coastal San Diego
US Market News
2月前
Douglas Elliman Names Areeje Akhtar Oriol Chief of Staff to President and CEO Michael S. LiebowitzApril 8, 2026 11:28 AM
PR Newswire (US)
Seasoned luxury strategy and growth executive brings deep experience in brand development, brokerage platform building and the ultra-high-net-worth market to Douglas Elliman leadership teamNEW YORK, April 8, 2026 /PRNewswire/ -- Douglas Elliman Real Estate, the preeminent luxury residential real estate brokerage in the United States, today announced the appointment of Areeje Akhtar Oriol as Chief of Staff to President and Chief Executive Officer Michael S. Liebowitz. In this role, Oriol will work directly with Liebowitz and the firm's senior leadership team on strategic initiatives, organizational alignment and the continued evolution of the platform supporting Elliman's agents and clients worldwide.
Oriol brings more than 15 years of experience in business development and organizational strategy to Elliman, with a consistent focus on businesses serving the luxury consumer. Her career has spanned digital media, global technology companies and residential real estate, where she has worked closely with founders, executives and top-producing professionals to build brands, develop platforms and support growth at the highest end of the market."Douglas Elliman's corporate transformation has taken hold, and I wanted someone alongside me who understands branding partnerships, the luxury agent and consumer and the infrastructure required to serve them at the highest level," said Liebowitz. "Areeje brings an exceptional combination of strategic depth, luxury market fluency and operational experience that is directly aligned with where Douglas Elliman is headed.""Douglas Elliman is one of the most recognized names in luxury real estate, and the firm is at a genuinely compelling moment in its evolution," said Oriol. "I've spent my career working at the intersection of the luxury consumer, the advisors who serve them and the platforms that enable that work. The opportunity to bring that experience to bear alongside Michael and the leadership team is one I'm incredibly energized by. This is the right brand, the right leader and the right moment."Oriol spent more than six years at Google advising Fortune 500 brands on consumer strategy, brand development and multi-channel marketing. Her client portfolio included Shiseido, L'Oréal, Colgate-Palmolive and Reckitt Benckiser, and her work spanned brand positioning, customer engagement and growth strategy across prestige beauty, luxury retail and premium consumer brands.She entered residential real estate as the sector underwent rapid, technology-driven transformation, joining Compass where she led growth and market development for the Florida region, one of the firm's most strategic markets during a period of significant expansion. Her work focused on recruiting, brand positioning and strengthening the firm's presence in high-value markets at a time when brokerage platforms were becoming increasingly structured and performance-driven.Most recently, Oriol served as founder of Assemblage, a consulting practice advising brokerage firms, founders and executive teams on growth strategy, organizational design and platform development. Through Assemblage, she was engaged by senior leadership at Bespoke Real Estate, known for its focus on the $10 million-plus segment, serving in a fractional Head of Growth capacity with a focus on corporate infrastructure, agent platform systems and multi-market scaling strategy.Oriol joins a roster of industry heavy hitters who have joined Elliman in recent months including Caitlin Chagan, President of Douglas Elliman Development Marketing, New York, Chief Strategy Officer Wendy S. Purvey, Chief Technology Officer Chris Reyes, Chief Marketing Officer Natalie Passerini and growth expert Rich Green, as well as top-ranked agents Heather Domi and Samantha Behringer in New York, Dana Johnson in Houston, Megan Sullivan in Greenwich and Christine Krenos and Joseph Zichelle in California Wine Country.Based in Miami, Oriol holds a Bachelor of Science in Marketing from St. John's University.About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.
View original content to download multimedia:https://www.prnewswire.com/news-releases/douglas-elliman-names-areeje-akhtar-oriol-chief-of-staff-to-president-and-ceo-michael-s-liebowitz-302737181.htmlSOURCE Douglas Elliman
Original: Douglas Elliman Names Areeje Akhtar Oriol Chief of Staff to President and CEO Michael S. Liebowitz
US Market News
2月前
Douglas Elliman Expands to California Wine Country with Global Real Estate Advisors and Top Producing Agents Christine Krenos and Joseph ZichelleApril 3, 2026 12:00 PM
PR Newswire (US)
BEVERLY HILLS, Calif., April 3, 2026 /PRNewswire/ -- Douglas Elliman Realty, the preeminent luxury real estate brokerage in the United States, today announced its expansion into Northern California's coveted Wine Country, establishing a strong presence across the Napa and Sonoma markets. The move is cemented by two globally renowned real estate advisors, Christine Krenos and Joseph Zichelle, who join the firm following nine years together at Compass.
"Expanding into California's Wine Country represents a strategic and highly anticipated step in Douglas Elliman's continued growth across California," said Michael S. Liebowitz, President and Chief Executive Officer of Douglas Elliman Inc. "This is a globally recognized luxury market, and with Christine and Joseph leading the way, we are exceptionally well-positioned to deliver best-in-class service and reach to the region."An internationally recognized real estate advisor, Krenos brings a rare depth of global connectivity to her business, with deep ties across the UAE, New York, Silicon Valley and California Wine Country, all of which actively funnel high-net-worth buyer and seller relationships into her practice. Her years of experience both living and transacting across Northern California and the Middle East have earned her the trust of clients who seek her guidance on investing in high-stakes regions around the world.Zichelle's passion for real estate and real estate investing has been foundational from the start. Early in his career, he quickly rose through the ranks as a top-performing agent in Miami, building a business that spanned both commercial and residential sectors. Driven by a sharp understanding of value and market positioning, he went on to lead a top-producing team at ONE Sotheby's International Realty before expanding his reach to the West Coast, recognizing early the importance of cross-market connectivity between luxury hubs. His successful career in South Florida luxury real estate has made him a trusted advisor to a client base now increasingly considering re-migration from Miami to California.Nine years ago, Zichelle formally aligned with Krenos, establishing a strategic relationship that continues to capture business across key feeder markets, from Southern to Northern California and across national and international channels.Together, they operate with a global perspective, bridging relationships and opportunities across the country and beyond, an approach that directly informs their positioning in Wine Country today."Wine Country offers something rare: privacy, land and architectural beauty within reach of San Francisco. When you compare that to legacy markets like Aspen, Malibu, Palm Beach and The Hamptons, the value proposition becomes undeniable. It's not just compelling, it's inevitable," said Krenos."When you combine proximity to Silicon Valley, year-round livability and the increasing quality of design-driven estates, it becomes clear: this market isn't catching up, it's just getting started. And perhaps most importantly, the wealth is already here," added Zichelle.Their combined networks and market fluency create a uniquely powerful platform for Douglas Elliman's Wine Country operation, one with reach that extends far beyond the region itself."The Wine Country is incredibly dynamic right now, with strong demand from both domestic and international buyers seeking lifestyle-driven investments. Joining Douglas Elliman allows us to elevate our business with a brand that matches the caliber of properties we represent and the discerning clients we serve," said Zichelle."We're excited to bring our upcoming portfolio to market this spring and introduce a new level of global exposure and connectivity to the Wine Country communities of Northern California," added Krenos.Krenos and Zichelle boast significant experience in the region, having closed more than $70 million in sales volume in 2025 alone, including two off-market Wine Country transactions each valued at over $20 million. The duo is poised for a strong spring market, with close to $100 million in luxury residential listings expected to come online across Napa and Sonoma counties. These include premier properties such as 195-247 Fisher Lane in Sonoma, a $19,995,000 Juan Diego Perez-Vargas-designed multigenerational retreat with planned and permitted expansion opportunities; 601 Napa Road in Sonoma, a $12,999,000 five-bedroom, eight-bathroom estate set on 3.39 acres with a private vineyard; and 710 Soscol Creek Road in Napa, a $9,800,000 five-bedroom, six-bathroom modern farmhouse compound on 12.28 acres designed and built by Hurley/Hafen."This expansion reflects our commitment to aligning with top-tier talent in markets that resonate with today's luxury buyer. Christine and Joseph have built an impressive business rooted in relationships, local expertise, global connectivity and consistent performance," said Bill Begert, Chief Operations Officer of Brokerage, Western Region, Douglas Elliman."Their deep knowledge of the Wine Country market, combined with Douglas Elliman's national and international platform, creates a powerful opportunity for growth," added Peter Hernandez, President of Brokerage, California and Nevada, Douglas Elliman.Known for their discretion, market knowledge and curated approach to high-end properties, Krenos and Zichelle have established themselves among the top advisors in the region.About Christine Krenos and Joseph Zichelle
Christine Krenos and Joseph Zichelle provide comprehensive guidance and concierge service to select clients and top-tier development partners engaged in building, buying, and selling property across California Wine Country. With decades of combined experience across the real estate and hospitality industries in the most prestigious luxury markets, Christine and Joseph have aligned their networks and expertise to plant the flag for Douglas Elliman and offer an elevated approach to real estate in Napa and Sonoma Counties and beyond. Their love for the Wine Country landscape and respect for its agricultural uniqueness inform their shared commitment to creating enduring value, both for their clients and partners and for the communities and ecosystems that sustain the region.About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.Forward-Looking and Cautionary StatementsThis press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this document are forward-looking. These statements include, but are not limited to, statements regarding the future plans, strategies and results of Douglas Elliman Inc. We identify forward-looking statements in this press release by using words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may be," "continue," "could," "potential," "objective," "plan," "seek," "predict," "project" and "will be" and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in Douglas Elliman Inc.'s Annual Report on Form 10-K for the year ended December 31, 2025 and its Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/douglas-elliman-expands-to-california-wine-country-with-global-real-estate-advisors-and-top-producing-agents-christine-krenos-and-joseph-zichelle-302733792.htmlSOURCE Douglas Elliman
Original: Douglas Elliman Expands to California Wine Country with Global Real Estate Advisors and Top Producing Agents Christine Krenos and Joseph Zichelle
US Market News
2月前
Douglas Elliman Launches Elliman Yachts, Expanding Its Luxury Lifestyle PlatformMarch 26, 2026 4:40 PM
PR Newswire (US)
New strategic relationship with boutique third-party brokerage debuts in Florida during The Palm Beach International Boat ShowPALM BEACH, Fla., March 26, 2026 /PRNewswire/ -- Douglas Elliman Inc. (NYSE:DOUG), the parent company of Douglas Elliman Realty, the preeminent luxury real estate brokerage in the United States ("Douglas Elliman" or "Elliman"), today announced the launch of Elliman Yachts, a new offering designed to help serve boating enthusiasts and ultra-high-net-worth clients seeking a more holistic luxury lifestyle experience through a strategic relationship with Royal Yacht International, one of the fastest growing boutique brokerages in the industry. Elliman Yachts officially debuts in Florida in conjunction with this weekend's Palm Beach International Boat Show, reinforcing Douglas Elliman's commitment to innovation in the world's most important coastal luxury markets. The initiative will offer yacht acquisition advisory and brokerage services and bespoke yacht charters globally through our strategic relationship with Royal Yacht International. Elliman already operates in key luxury coastal areas throughout the United States, St.Barths and the South of France.
"At a time when the brokerage industry is consolidating around scale and volume, Elliman continues to differentiate through specialization, service, and expertise," said Michael S. Liebowitz, President and Chief Executive Officer, Douglas Elliman Inc. "Elliman Yachts reflects how today's ultra-high-net-worth clients actually live — across waterfront homes, global destinations, and on the water. This offering will allow us to add meaningful value in a category where guidance, discretion, and insight truly matter."The timing of Douglas Elliman's entry into the yachting space reflects a deliberate read on where ultra-high-net-worth wealth is moving. The global luxury yacht market, valued at more than $11 billion in 2025 and projected to nearly double by 2035 is experiencing one of its most dynamic growth periods in decades, with shipyards operating at near full capacity and a new-build pipeline valued at over $15 billion. Demand is being driven by a younger, more experience-oriented generation of buyers who are trading status-driven acquisition for intentional luxury: long-range cruising, private wellness retreats, and bespoke floating residences that travel with them. For Douglas Elliman, whose clients have long defined the upper tier of global real estate, the launch of Elliman Yachts is a natural extension of a relationship built on trust, discretion, and access to the world's most exceptional properties, whether those properties are on land or at sea."Elliman Yachts allows us to meet our clients where their passions already exist, while expanding our ability to serve as trusted advisors across the most meaningful lifestyle assets in their lives," said Dan Goodstadt, a licensed yacht salesperson and licensed real estate salesperson with Douglas Elliman in Miami, who recently delivered two brand new yachts from the Ferretti Group totaling over 240 feet and $30 million. "This is about deepening relationships, not expanding headcount, and redefining what full-service luxury brokerage and service truly mean." Goodstadt also set a record price for a single-family home in Sunny Isles this past year. "In addition to servicing our seafaring clients in the United States, our new yacht initiative perfectly aligns with our recent expansions into France, Monaco and St. Barths, where boating is a dominant pastime for our upper high net worth customers," added Liebowitz.The yacht acquisition journey mirrors luxury real estate in its complexity, discretion, and reliance on trusted relationships. Through Elliman Yachts' strategic relationship with a third-party brokerage, Elliman can support clients across both categories, strengthening loyalty. Douglas Elliman already boasts several important divisions aimed at high-net-worth clients including Sports & Entertainment, Equestrian, Farm & Ranch and Estate, Trust & Probate.With Elliman Yachts, Douglas Elliman continues to redefine the future of luxury brokerage — evolving beyond residential and commercial transactions into a comprehensive lifestyle advisory platform designed for the world's most discerning clients.About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.Forward-Looking and Cautionary Statements
This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this press release are forward-looking. These statements include, but are not limited to, statements regarding the future growth, plans, strategies and results of Douglas Elliman Inc. We identify forward-looking statements in this press release by using words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may be," "continue" "could," "potential," "objective," "plan," "seek," "predict," "project" and "will be" and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/douglas-elliman-launches-elliman-yachts-expanding-its-luxury-lifestyle-platform-302726694.htmlSOURCE Douglas Elliman
Original: Douglas Elliman Launches Elliman Yachts, Expanding Its Luxury Lifestyle Platform
US Market News
3月前
Douglas Elliman Announces Plans for Expansion into Canada and Robust Referral Program Effective ImmediatelyMarch 19, 2026 11:00 AM
PR Newswire (US)
Preeminent Luxury Real Estate Brokerage in U.S. to Accelerate Global Growth Strategy with Launch of Elliman Canada in Montreal, Toronto, and Vancouver.NEW YORK, March 19, 2026 /PRNewswire/ -- Douglas Elliman Realty, the preeminent luxury real estate brokerage in the United States, announced plans today to expand its growing international presence into Canada. Following on the heels of its arrival in key luxury markets in France, Monaco and St. Barths, the firm will soon launch Elliman Canada in Montreal, Toronto, and Vancouver in alliance with Canadian real estate entrepreneur and innovator Ross McCredie, Chairman and Chief Executive Officer of Sutton Group. Simultaneously, the brokerage also announced a robust referral program with Sutton, one of the largest residential brokerages in Canada, effective immediately.
The announcement was made at Elliman on the Slopes, the firm's annual gathering in Aspen, Colorado, where McCredie joined Michael S. Liebowitz, President and CEO of Douglas Elliman Inc., for a ceremonial signing to launch the relationship."After making our first foray into Europe in recent months, I am thrilled now to expand the Elliman brand in North America and add to our growing global network of exceptional real estate professionals. As one of the largest inbound referral markets for U.S. real estate, Canada represents a significant and timely opportunity for Elliman and our agents." said Liebowitz. "Ross McCredie exemplifies the same entrepreneurial spirit and investment in innovation that drive Douglas Elliman, and I could not be more excited to launch Elliman Canada in alliance with him."Ross McCredie is an accomplished residential real estate entrepreneur and executive with a two-decade record of success in Canada and the United States. He is the principal of McCredie Investments, a boutique real estate and technology investment and advisory firm, which acquired Sutton Group in 2023. Since founding Sotheby's International Realty Canada, in 2004, growing it to 900 agents across 40 offices, McCredie has gone on to launch and grow a series of ventures at the intersection of real estate and technology, including a March 2026 strategic partnership with myAbode, that will transform Sutton's national network into a "technology-first" ecosystem that empowers 12,000 agents to provide market transparency and modern real estate solutions."Douglas Elliman is a luxury lifestyle brand precisely because of its dual commitment to incomparable client service and to empowering the agents who provide it," said McCredie. "Under Michael Liebowitz's leadership, the company is pursuing a bold strategy for growth and expansion. I'm truly excited to help them bring their brand of excellence to key markets in Canada."As with its previous international expansions, Elliman Canada will emphasize substance over scale through the careful selection of real estate professionals whose work ethic and client service standards reflect Elliman's entrepreneurial culture. Elliman's licensing alliance will enable the company to serve the growing international real estate needs of its agents, clients, and development partners directly, without relying on third-party intermediaries.This announcement is part of a bold new growth strategy by Liebowitz and marks another intentional move at Elliman. This announcement comes on the heels of other recent senior level hires at Elliman's brokerage level including Chief Strategy Officer Wendy Purvey, Chief Technology Officer Chris Reyes, Natalie Passerini as Chief Marketing Officer, a global growth team and Caitlin Chagan, President of Douglas Elliman Development Marketing, New York. About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets, and uses as well as invests in early-stage, disruptive property technology solutions and companies. Additional information concerning Douglas Elliman Inc. is available on its website, investors.elliman.com.Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.About Sutton Group Realty Services.
In 1983, Sutton Group shook up the Canadian real estate scene with a bold new concept: empowering agents and franchise owners to create more value and make better decisions for themselves and their homeowners. This approach and value-led mindset set a new industry standard for decades. Today, with over 200 offices and 6,000 agents across Canada, and under the new leadership of Ross McCredie, the company is poised to advance the industry once again. Sutton Group leads the way in data transparency and service for Canadians, leveraging advanced technology, tools and partnerships to transform real estate from a reactionary transactional event towards an ongoing holistic wealth management approach to better serve homeowners.Forward-Looking and Cautionary Statements
This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this document are forward-looking. These statements include, but are not limited to, statements regarding the future plans, strategies and results of Douglas Elliman Inc. We identify forward-looking statements in this press release by using words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may be," "continue," "could," "potential," "objective," "plan," "seek," "predict," "project" and "will be" and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in Douglas Elliman Inc.'s Annual Report on Form 10-K for the year ended December 31, 2025 and its Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/douglas-elliman-announces-plans-for-expansion-into-canada-and-robust-referral-program-effective-immediately-302718890.htmlSOURCE Douglas Elliman
Original: Douglas Elliman Announces Plans for Expansion into Canada and Robust Referral Program Effective Immediately
US Market News
3月前
Douglas Elliman to Attend MIPIM Global Urban FestivalFebruary 23, 2026 1:34 PM
PR Newswire (US)
Leading American Luxury Residential Brokerage to Make First Appearance with a MIPIM's Premier Lounge at Premier International Real Estate Conference in Cannes, France NEW YORK, Feb. 23, 2026 /PRNewswire/ -- Douglas Elliman Realty, LLC ("Douglas Elliman"), the nation's preeminent real estate brokerage, today announced that it will attend MIPIM – The Global Urban Festival, March 9–13, 2026, at the Palais des Festivals in Cannes, France. In its first appearance at the premier international real estate industry conference, the brokerage will be taking meetings to explore potential strategic partnerships and other opportunities to build on its recent expansion to luxury residential markets in France and Monaco.
One of the largest residential real estate brokerages in the U.S., with the highest national average sales price, Elliman announced its international expansion in June 2025 with a focus on "substance over scale" in extending the firm's renowned brand of client service to key global markets. In October, the company celebrated its first independent foray into Europe through an alliance with luxury real estate veterans Philippe Curutchet, Fredrik Lilloe, and Edward de Mallet Morgan. Elliman now operates in 14 offices across France, one of which is in Cannes, with plans to announce further expansion in the near future. "Now could not be a better time for Douglas Elliman to be at MIPIM," said Michael S. Liebowitz, President and Chief Executive Officer of Douglas Elliman, Inc. "With bold plans for strategic global growth in the year ahead, we look forward to spending time with our new French partners and meeting new friends at this essential gathering of the industry's most vital players." Unlike traditional franchise models, Elliman's approach to international expansion centers on the careful selection of strong operators in global luxury markets whose work ethic and client service standards reflect the company's entrepreneurial culture. The initiative enables the company to directly serve the growing international real estate needs of its agents, clients, and development partners without relying on third-party intermediaries."When it comes to international growth, Elliman is committed to finding the right partners who are strong operators in global luxury markets," said Rich Green, who works in global growth. "We have every expectation that such operators will be in attendance next month in Cannes, and we look forward to seeing them there." To meet with the Douglas Elliman team, please fill out the form here.About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, the Hamptons, Westchester, Connecticut, New Jersey, Massachusetts, Florida, California, Texas, Colorado, Nevada, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman Inc. sources, uses and invests in early-stage, disruptive property technology ("PropTech") solutions and companies and provides other real estate services, including development marketing, mortgage as well as settlement and escrow services in select markets. Additional information concerning Douglas Elliman Realty is available on its website, www.elliman.com.Investors and others should note that we may post information about Douglas Elliman Inc. on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman Inc. to review the information we post on our website at investors.elliman.com and on our social media accounts.Forward-Looking and Cautionary Statements
This press release includes forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical or current facts made in this press release are forward-looking. These statements include, but are not limited to, statements regarding the future growth, plans, strategies and results of Douglas Elliman and potential future transactions. We identify forward-looking statements in this press release by using words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "may be," "continue" "could," "potential," "objective," "plan," "seek," "predict," "project" and "will be" and similar words or phrases or their negatives. Forward-looking statements reflect our current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from our current expectations are described in our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Reports on Form 10-Q filed thereafter. We undertake no responsibility to publicly update or revise any forward-looking statement, except as required by applicable law.Logo - https://mma.prnewswire.com/media/1120706/Douglas_Elliman_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/douglas-elliman-to-attend-mipim-global-urban-festival-302694839.html
Original: Douglas Elliman to Attend MIPIM Global Urban Festival