Michael Liebowitz Appointed Chairman and CEO of Douglas Elliman Inc.

Michael Liebowitz has been appointed as the new Chairman and Chief Executive Officer of Douglas Elliman Inc., following the retirement of Howard M. Lorber. The announcement was made by the real estate brokerage firm, which praised Lorber for his strategic vision and years of dedication in making Douglas Elliman the premier real estate firm in the country. Liebowitz previously served as the Board Director at Douglas Elliman Inc.

“Douglas Elliman is an iconic brand, and I am honored to be appointed as Chairman and CEO to lead the Company into its next chapter of growth and diversification,” said Mr. Liebowitz. “With a strong balance sheet, robust pipeline of projects in our Development Marketing business, and the competitive advantages provided by our dedicated team of world-class agents, I am confident that Douglas Elliman’s brightest days are ahead. We look forward to continue executing on our strategic vision, building on the Company’s industry-leading position and maximizing shareholder value.”

Liebowitz, a seasoned business executive with a background in founding and acquiring businesses in the insurance and financial industries, brings a wealth of experience to his new role. Over the past 25 years, he has been involved in acquiring or founding companies such as Harbor Group Consulting LLC, National Financial Partners Corp., and Innova Risk Management. He currently serves as Chairman and CEO of Nocopi Technologies Inc.

Liebowitz has also served as President and CEO of the Harbor Group Division of Alliant and High Street Valuations, until their acquisitions by Alliant. He has previously held positions on the boards of Ladenburg Thalmann Financial Services Inc. and The Hilb Group. Additionally, Liebowitz has experience in the real estate industry and is currently working on redeveloping the Mondrian South Beach Hotel in Miami, a property he has owned since 2019.

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, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Connecticut, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.

Image via Douglas Elliman

Douglas Elliman Lists On The NYSE Under Ticker Symbol 'DOUG'

Douglas Elliman Inc. (NYSE: DOUG) (“Douglas Elliman”) has completed its previously announced spin-off from Vector Group Ltd. (NYSE: VGR). On Thursday December 30, 2021 Douglas Elliman officially began trading on the New York Stock Exchange under the symbol “DOUG” and has been added to the S&P SmallCap 600®.

Douglas Elliman Realty, LLC is one of the largest residential brokerage companies in the New York metropolitan area and the sixth largest in the U.S. Douglas Elliman has an established and growing presence in most major luxury markets – primarily international finance and technology hubs that are densely populated and offer housing inventory at premium pricing points. Douglas Elliman’s attractive financial profile includes a strong balance sheet with $200 million of net cash and significant operating leverage, supported by a track record of impressive revenue growth, disciplined expense management led by seasoned industry executives, healthy margins and limited capital expenditures.

As a standalone company, Douglas Elliman will leverage these core competencies and differentiated market focus to pursue profitable growth opportunities through market expansion, retention and recruitment of best-in-class talent and acquisitions and acqui-hires. Douglas Elliman will also source, use and invest in early-stage, disruptive property technology (“PropTech”) solutions and companies that easily integrate into its technology foundation, allowing Douglas Elliman to remain flexible, nimble and asset-light while providing cutting-edge solutions that improve client, customer and agent experience.

“Today marks an exciting new chapter for Douglas Elliman,” said Howard M. Lorber, Chairman and Chief Executive Officer of Douglas Elliman. “As a standalone company, Douglas Elliman will leverage its differentiated approach, portfolio of innovative technology services and a best-in-class team of employees and agents to capitalize on growth opportunities in the highly attractive U.S. residential real estate market. We believe there is a bright future ahead for our company as a standalone entity.”

“We are thrilled that Douglas Elliman has reached this milestone – one that would not be possible without the hard work and dedication of our incredible agents and employees,” said Scott Durkin, Chief Executive Officer of Douglas Elliman Realty, LLC. “As a standalone company, we look forward to building on Douglas Elliman’s leading luxury brand and longstanding tradition of excellence, while continuing to drive long-term value for stockholders.”

Inside The Standard and Rosso Development Miami Art Week Soiree Launch Of The Standard Residences

The Standard Residences, Midtown Miami, kicked off Miami Art Week in style with an afternoon bayfront soiree at The Standard Spa Miami Beach, on the Venetian Islands. Hosted by The Standard International Executive Chairman, Amar Lalvani and Founder & CEO of Rosso Development, Carlos Rosso, the afternoon waterside soiree showcased a preview of the iconic hotel brand’s first ever residences, offering the opportunity to live The Standard’s distinctive lifestyle, which to date has only been available at its hotels. The Standard Residences, Midtown Miami re-imagines pied-à-terre-style living in South Florida’s most walkable neighborhood, featuring design by award-winning firms Arquitectonica and Urban Robot. The building will rise in the heart of Midtown Miami and blend culture, community and style with world-class design, amenities and service.

Hospitality and real estate pioneers Standard International and Rosso Development, in collaboration with Alex Vadia’s Midtown Development, launched sales of The Standard Residences, Midtown Miami and the project is already over 30% reserved in roughly a weeks time. The 12-story building is located will be located in the heart of Midtown Miam. It will feature 228 pied-à-terre-style residences ranging from studios to two bedrooms, all designed and finished with The Standard’s distinctive touch. In the “anything but Standard” fashion, the building will be the first property in the area to recognize the emerging Flexible Living movement, allowing owners to lease out their units for terms as short as one month.

The Standard Residences, Midtown Miami is designed by Arquitectonica and Urban Robot. The building’s façade draws inspiration from the urban enclave’s storied past while connecting with the new energy of the neighborhood. Residences will range in size from 432 square feet to 965 square feet and will express the ethos for which The Standard is known, meticulously designed interiors that provide that balance of style and functionality. Finishes include light wood plank tile flooring, gourmet kitchens with custom Italian cabinetry and Bosch appliances, while oversized bathrooms showcase stone vanities and double-suite rain showers.

In step with other Standard properties, residents will enjoy thoughtfully designed social spaces and amenities spanning 34,000 square feet across five floors. The expansive lobby will inspire residents to connect, work and play – with lounge areas and a Café. A lushly landscaped rooftop creates an elevated outdoor experience with a 60-foot, resort-style sunset pool, and signature rooftop restaurant and bar reminiscent of the vibe The Standard pioneered from LA to New York to London.

Wellness offerings include a state-of-the-art sweat room and fitness center, an infrared sauna, an indoor pickleball court, and yoga and stretch studios. A social floor features a karaoke bar and screening room, while co-working spaces include a private boardroom and zoom rooms. A pet spa rounds out The Standard Residences’ anything but standard amenity package. In addition, the ground floor of the property will showcase 10,000 square feet of retail boutiques selected by The Standard’s in-house team.

A dedicated Standard concierge will be available around the clock to assist owners and direct cultural and community programming. Residents will also gain access to The Standard’s “Friends with Benefits” program, which earns them preferred pricing at all The Standard hotel properties around the world.

The Standard Residences will be located at 3100 NE 1st Avenue, Miami, FL 33137. The project is set to break ground in 2022 with expected completion by mid-2023.

Images via World Red Eye

Renderings of The Standard Residences, Midtown Miami

For more information about The Standard Residences, private showings or purchasing/ leasing information please fill out the form below:

Multiplan R.E.A.M. Breaks Ground On Luxe Boutique Condo Ocean Park South Beach In South of Fifth

On February 25, Florida-based Multiplan Real Estate Asset Management, broke ground on Ocean Park South Beach, an exclusive boutique condominium featuring a limited collection of 10 luxury beach residences in the prestigious South of Fifth enclave. MultiplanREAM executives in attendance included Managing Partner Marcelo Kingston and Project Executive Orlando Carrillo, alongside the Feoli Construction Team, Jay Phillip Parker, CEO of Douglas Elliman Florida brokerage, and Douglas Elliman top-producers and Ocean Park South Beach sales team Eloy Carmenate and Mick Duchon.

Ocean Park South Beach, is slated to be delivered by the second quarter of 2022. With four units remaining, the project has seen an immense amount of interest from domestic and global buyers, including celebrity broker of Douglas Elliman’s Eklund | Gomes Team who is in contract to purchase a 2 bedroom unit. Ocean Park South Beach was designed by globally acclaimed architect Revuelta Architecture International, with interiors by Marcela Lombana and landscaping by Gardner Semler Landscape Architecture.

The exclusive four-story project will not only be located on the famed Ocean Drive thoroughfare and across from the sparkling Atlantic Ocean and its powder-white beaches, but it will be just steps from the lush green gardens of Marjory Stoneman Douglas Park, which feature paved promenades, outdoor exercise areas, and children’s play areas -- perfect for families, friends, and pets.  Thanks to the unparalleled location of the boutique building, both the ocean and the park will double as two of the most coveted and accessible amenities for residents’ year-round enjoyment, essentially giving well-heeled homebuyers the rare ability to enjoy the best of both worlds.

Residences at Ocean Park South Beach come in Two- to three-bedroom residences, starting at $1.5 million, and will range in size from 1,117 SF to 1,715 SF, with large terraces providing an additional 267 SF to 1,194 SF feet of outdoor living space. Highlights will include private elevators that open directly into home foyers, 10’ ceilings, floor-to-ceiling windows with 10’ sliding doors, light solid oak wood and natural stone flooring, and kitchens by Poliform with Matte Touch cabinets, Wolf and Sub-Zero appliances, and Silestone Calcatta Gold stone grooved waterfall edge countertops and backsplashes. Sumptuous master baths will be complete with floating vanities with marble showers, floating European-designed standalone bathtubs and double-sinks.

Two four-bedroom penthouses, priced upwards of $6 million, will comprise 2,393 SF of interior space as well as 1,564 SF of expansive terraces.  Each will additionally be marked by 12’ ceilings, floor-to-ceiling windows with 12’ sliding doors, an upgraded appliance package with a tower wine cooler and double-fridge unit, and a rooftop deck with a private spa pool, summer kitchen, and dedicated powder room.

Ocean Park South Beach will also offer amenities and services which will be lavish and state-of-the-art. In addition to lushly landscaped tropical outdoor areas, replete with vibrant species of flora and fauna, there will be a 36’ pool with Italian-designed poolside chaise lounges and umbrellas, an outdoor relaxation spa with a Jacuzzi, a poolside summer kitchen and outdoor dining area, a relaxation lounge on a sunset pool deck, and beach service. The property’s central location will furthermore put residents well within reach of Oceanfront Park and South Beach’s myriad of gourmet restaurants, nightlife venues, and boutique shops.

The property’s beautifully-appointed sales gallery loft is located at 135 Ocean Drive in Miami Beach. Douglas Elliman is the exclusive residential brokerage for the project with Eloy Carmenate and Mick Duchon overseeing sales.

Images via Lifestyle Production Group (LPG)

For more information about Ocean Park South Beach, private showings or purchasing/ leasing information please fill out the form below:

Multiplan R.E.A.M. Launches Ocean Park South Beach In South of Fifth

Multiplan Real Estate Asset Management (MultiplanREAM) has announced plans to develop Ocean Park South Beach, an exclusive boutique condominium featuring a limited collection of 10 luxury beach residences in the prestigious South of Fifth (SoFi) enclave. Already, two homes are under contract in the 10-residence building. The exclusive four-story project will not only be located on the famed Ocean Drive thoroughfare and across from the sparkling Atlantic Ocean and its powder-white beaches, but it will be just steps from the lush green gardens of Marjory Stoneman Douglas Park, which feature paved promenades, outdoor exercise areas, and children’s play areas -- perfect for families, friends, and pets.  Thanks to the unparalleled location of the boutique building, both the ocean and the park will double as two of the most coveted and accessible amenities for residents’ year-round enjoyment, essentially giving well-heeled homebuyers the rare ability to enjoy the best of both worlds.

“Ocean Park South Beach is a beautiful addition to the Miami Beach coastline and we look forward to a successful marketing and sales campaign led by two of our finest agents, Eloy Carmenate and Mick Duchon,” said Howard M. Lorber, Executive Chairman, Douglas Elliman.

“Luxury living is defined by tangible and intangible elements and experiences – which will be the very essence of Ocean Park South Beach,” said Marcelo Kingston, Managing Principal of Multiplan Real Estate Asset Management, the visionary developer behind the exquisite 57 Ocean condominium on Millionaire’s Row.  “The ability to wake up every morning, take in the sights, sounds, and refreshing breezes of the ocean, and enjoy an invigorating walk along the beach, are truly some of life’s greatest pleasures.  A seaside setting as incredible as this one -- coupled with the splendor of the South of Fifth surroundings and the adjacent park -- will epitomize oceanfront living at its finest.”

Designed by globally acclaimed architect Revuelta Architecture International, with interiors by Marcela Lombana and landscaping by Gardner Semler Landscape Architecture, the property, which is slated for completion in December 2021, is already being singled-out for its chic yet relaxed South Beach lifestyle, encapsulated by thoughtfully designed floorplans, sophisticated organic interiors, expansive terraces, and curated amenities.

Residences at Ocean Park South Beach come in Two- to three-bedroom residences, starting at $1.5 million, and will range in size from 1,117 SF to 1,715 SF, with large terraces providing an additional 267 SF to 1,194 SF feet of outdoor living space. Highlights will include private elevators that open directly into home foyers, 10’ ceilings, floor-to-ceiling windows with 10’ sliding doors, light solid oak wood and natural stone flooring, and kitchens by Poliform with Matte Touch cabinets, Wolf and Sub-Zero appliances, and Silestone Calcatta Gold stone grooved waterfall edge countertops and backsplashes. Sumptuous master baths will be complete with floating vanities with marble showers, floating European-designed standalone bathtubs and double-sinks.

Two four-bedroom penthouses, priced upwards of $6 million, will comprise 2,393 SF of interior space as well as 1,564 SF of expansive terraces.  Each will additionally be marked by 12’ ceilings, floor-to-ceiling windows with 12’ sliding doors, an upgraded appliance package with a tower wine cooler and double-fridge unit, and a rooftop deck with a private spa pool, summer kitchen, and dedicated powder room.

Ocean Park South Beach will also offer amenities and services which will be lavish and state-of-the-art. In addition to lushly landscaped tropical outdoor areas, replete with vibrant species of flora and fauna, there will be a 36’ pool with Italian-designed poolside chaise lounges and umbrellas, an outdoor relaxation spa with a Jacuzzi, a poolside summer kitchen and outdoor dining area, a relaxation lounge on a sunset pool deck, and beach service. The property’s central location will furthermore put residents well within reach of Oceanfront Park and South Beach’s myriad of gourmet restaurants, nightlife venues, and boutique shops.

The property’s beautifully-appointed sales gallery loft is located at 135 Ocean Drive in Miami Beach. Douglas Elliman is the exclusive residential brokerage for the project with Eloy Carmenate and Mick Duchon overseeing sales.

Images via Lifestyle Production Group (LPG)

For more information about Ocean Park South Beach, private showings or purchasing/ leasing information please fill out the form below:

Douglas Elliman Celebrates Grand Opening Of New Duplex Palm Beach Office In Royal Poinciana Plaza

Douglas Elliman continues to expand its presence in South Florida and the Palm Beach market with the opening of a new office in Palm Beach’s Royal Poinciana Plaza located at 340 Royal Poinciana Way, Suite M302. The two-story, 3,539 SF location houses the firm’s 125 Palm Beach agents along with additional office space for new recruits and marketing operations.

The firm marked the occasion, its continued growth to more than 1,100 agents and 22 offices throughout Florida and continued expansion into new regions, with a grand opening celebration on November 14th hosted by Douglas Elliman’s Executive Chairman, Howard M. Lorber, Chief Executive Officer, Dottie Herman, President and COO, Scott Durkin, Chief Executive Officer of Florida Brokerage, Jay Phillip Parker, COO of Florida Brokerage, Gus Rubio and Managing Broker of Palm Beach, Jupiter and Wellington, Don Langdon. 

“We are extremely proud of our Palm Beach agents and the tremendous success they continue to achieve in one of the most exclusive markets in the world,” said Jay Phillip Parker, CEO of Douglas Elliman, Florida, “We are excited to see our current agents and future prospects utilize this expansive new space, offering state-of-the-art technology and tools for real estate associates in the renowned Royal Poinciana Plaza.”

The Royal Poinciana Plaza office will be led by Managing Broker, Don Langdon, who spearheaded the previous Palm Beach location, and will showcase developments in the area along with a portfolio of properties for sale throughout Florida.

“I am honored to work alongside some of the most successful agents who are known nationally for their record breaking accomplishments,” said Don Langdon, Managing Broker of Douglas Elliman’s Palm Beach, Wellington and Jupiter offices. “The new space, coupled with the most advanced tools, technology, marketing and public relations offered to our talented agents, allows them to better service our clients and continuously prosper. I’m extremely proud of this team and look forward to contributing to the further growth of the Florida brokerage.”  

The new office setting features fine art photography by the famed Gray Malin, who recently released a series of photographs influenced by the old-world glamour of Palm Beach including a print of the $110 million record breaking sale of La Follia, represented by Palm Beach agents, Ashley McIntosh, Gary Pohrer, Lisa Wilkonson, Cara McClure and Adam McPherson. Unique wood paneled ceilings are seen throughout the expansive floor plan with an array of private offices and two conference rooms featuring dHive glass, known for creating professional private environments that offer seamless accessibility to open work spaces where professionals can collaborate in a communal setting.

“We are excited to celebrate the reopening of Douglas Elliman in their new location at the plaza. The Royal Poinciana Plaza is home to an eclectic mix of world-class tenants, from food and fashion to specialty services and beyond, said Lilly Leas Ferreira, General Manager of The Royal Poinciana Plaza.  "Whether someone is shopping for a new dress or a new house, tenants like Douglas Elliman help us offer our guests endless opportunities to experience the Palm Beach lifestyle.”

Bravo's Million Dollar Listing Star Fredrik Eklund & John Gomes Launch Miami Team With Douglas Elliman

BRAVO’s Million Dollar Listing NY star Fredrik Eklund, John Gomes, Julia Spillman and their team at Douglas Elliman, The Eklund | Gomes Team celebrated the launch of their team’s expansion into Miami Beach at the Soho Beach House Rooftop. Making an official mark in Miami Beach, the team hosted an exclusive VIP party alongside Howard M. Lorber, chairman of Douglas Elliman, Scott Durkin, President and COO of Douglas Elliman and Jay Phillip Parker, CEO of Douglas Elliman Florida. Showing support for the dynamic duo’s newest business venture, Victoria Secret Supermodel Vita Sidorkina and husband Valerio Morabito were spotted at the private soiree. City of Miami Beach Commissioner Michael Gongora presented Eklund and Gomes an official “stamp of approval” gifting the team an official Welcome Certificate to the City of Miami Beach on behalf of the Mayor and Vice Mayor of Miami Beach.

Douglas Elliman agents, clients and developers were in attendance including Miami-based, Terra president and developer of Eighty Seven Park, David Martin, who hosted Eklund and Gomes earlier in the day at the luxury beachfront condominium designed by Pritzker Prize-winning architect Renzo Piano.

Earlier this year, Eklund and Gomes celebrated the launch of their team’s expansion into Los Angeles at The Waldorf Astoria Beverly Hills during a rooftop sunset party. The Eklund | Gomes Team at Douglas Elliman currently consists of 52 team members across New York City, Los Angeles and now, Miami Beach with addition of top Miami Beach agents Pietro Belmonte, Jorge Sanchez, Darin Tansey & Dan Hechtkopf.

Douglas Elliman Reports $4.7 Billion Of Sales Volume In South Florida As The Firm Honors Top Agents At The Ellies

Douglas Elliman Real Estate, the nation’s third-largest residential real estate brokerage, celebrated the firm’s world-class agents from around the nation at the annual awards ceremony, The Ellies. Top performers from Florida, including the markets of Boca Raton, Fort Lauderdale, Miami, Miami Beach, Palm Beach, Aventura, Bay Harbor Island, Jupiter, Wellington, Delray Beach and Coral Gables, were among the honorees at this year’s event held at Mohegan Sun in Uncasville, CT.

Douglas Elliman Florida marked another banner year in 2018 with $4.7 Billion in closed transactions, up 30% from 2017. Nationwide, Douglas Elliman’s 2018 total sales volume was $28.1 billion, up 8% from 2017. The firm was responsible for 44,131 sales and rental transactions and was ranked the number three brokerage in the nation by sales volume. Douglas Elliman Florida marked a banner year in 2018, responsible for four out of the top eight single-family home sales for Miami-Dade County. The firm was also named the number one brokerage in Palm Beach County and in Miami Beach for total sales volume.

“Our wonderfully talented agents across the nation gave a very impressive performance this year, backed by a tremendous amount of dedication and passion for their work. We remain committed to providing all of our agents with the best in class technology, marketing and public relations to help them reach even greater heights in 2019, and we look forward to another triumphant year,” said Howard M. Lorber, Chairman, Douglas Elliman Realty, LLC.

“We’re thrilled to celebrate the accomplishments of our agents and their dedication to Douglas Elliman’s success,” said Jay Phillip Parker, CEO of Douglas Elliman Florida. “Due to their efforts, Elliman continues to dominate the market in South Florida, and we’re looking forward to continuing our expansion and leadership position in 2019.”

Leading the Top 10 Teams for Florida by Gross Commission Income (GCI) are The Carroll Group, based out of Miami-Dade County and Palm Beach County. They were followed by the Leavitt McIntosh Team (#2), Carmenate / Duchon (#3), The Randy & Nick Team (#4), the Bill and Bryan Team (#5), the Alexander Team (#6), Belmonte Sanchez (#7), the RMI Team (#8), The Senada Adzem Team (#9) and The Rubin [+] Morr Group (#10).

The Top 10 Agents for Florida by GCI are led by Martha W. Jolicoeur, based out of Wellington. She was followed by Gary Pohrer (#2), Maria Mendelsohn (#3), Paul Stuart Fishman (#4), Brett Harris (#5), Bohdan Mastykaz (#6), Raul Santidrian (#7), Kayce Driscoll (#8), Dina Goldentayer (#9) and Steven Menezes (#10).

The prestigious Pinnacle Club Award winners, presented to Florida agents and teams who made over $1 million in 2018, include The Carroll Group, Leavitt McIntosh Team, Carmenate / Duchon, The Randy & Nick Team, Bill & Bryan Team, the Alexander Team, Belmonte Sanchez, Martha Jolicoeur, RMI Team, The Senada Adzem Team, The Rubin [+] Morr Group, Gary Pohrer, Maria Mendelsohn, Pamela Fishman, The Goihman Group, The Darin Tansey Group, Robert Kemp, Brett Harris, Bohdan Mastykaz, The Bretzlaff Group, Raul Santidrian, The APT Team, Kayce Driscoll, and Dina Goldentayer.