New company CEO Michael Liebowitz stressed in an investors call Thursday morning that Douglas Elliman is seeking to diversify its revenue streams and increase ROI as it enters a “new era.” Continue reading
Durkin’s departure was announced in an SEC filing on Monday and came after reports emerged about the nature of former Elliman CEO Howard Lorber’s retirement, which was allegedly pressured by Elliman’s board. Continue reading
Lorber had served as chairman since 2003 but in the months leading up to his retirement faced scrutiny following a pattern of financial losses and the Alexander brothers scandal. Continue reading
After facing a series of lawsuits this summer from women alleging rape, the Alexander brothers are now contending with a new legal action against them from Side, which had backed their luxury firm. Continue reading
The luxury broker is the latest to leave embattled Official in the wake of multiple lawsuits alleging the Alexanders committed rape and sexual assault. Lustgarten has closed more than $250 million in career sales. Continue reading
The broker and new development expert first started his real estate career at Brown Harris Stevens. In March, he had been tapped by Official to serve as a founding agent in New York City. Continue reading
As Nicole Oge, Richard Jordan and Andrew Wachtfogel sought to start fresh, Oren and Tal Alexander allegedly threatened legal action if they were to be voted out of the firm, The Real Deal reported. The Alexanders deny the allegation. Continue reading
Tal and Oren Alexander are reportedly preparing a return to the public eye, now that Nicole Oge, Richard Jordan and Andrew Wachtfogel have left, despite ongoing lawsuits against the brothers. Continue reading
Two weeks after Brad Tirpak sent a shareholders’ letter seeking votes against chairman Howard Lorber, advisory firms Glass Lewis and ISS are echoing the vocal investor’s recommendations. Continue reading
After unsuccessful negotiation attempts with Oren and Tal Alexander, Chief Growth Officer Nicole Oge, CEO Richard Jordan and President of New Development Andrew Wachtfogel are “forfeiting ownership” of the firm. Continue reading