Douglas Elliman is the largest residential real estate

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 brokerage in the New York metropolitan area

New York metropolitan area

The New York metropolitan area, also known as Greater New York, or the Tri-State area, is the region that composes of New York City and the surrounding region...

.

Overview

Douglas Elliman operates in New York City

New York City

New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

, Long Island

Long Island

Long Island is an island located in the southeast part of the U.S. state of New York, just east of Manhattan. Stretching northeast into the Atlantic Ocean, Long Island contains four counties, two of which are boroughs of New York City , and two of which are mainly suburban...

, the Hamptons, and Westchester as Prudential Douglas Elliman and Miami as Douglas Elliman Florida. The company's Miami flagship office is at 1111 Lincoln Road

Lincoln Road

Lincoln Road is a pedestrian road running east-west between 16th Street and 17th Street in Miami Beach, Florida, United States. Once open to vehicular traffic, it now hosts a pedestrian row of shops, restaurants, galleries, and other businesses between Washington Avenue and Alton...

 in South Beach

South Beach

South Beach, also nicknamed SoBe, is a neighborhood in the city of Miami Beach, Florida, United States. It is the area south of Indian Creek and encompasses roughly the southernmost 23 blocks of the main barrier island that separates the Atlantic Ocean and Biscayne Bay.This area was the first...

. Its services include: residential and retail brokerage, property management, mortgage services, and title services. In 2010 the company completed over 12,000 transactions, and $12 Billion in sales volume.

The company was founded in 1911 as a basement store at 421 Madison Avenue in Manhattan

Manhattan

Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...

. After years of growth the company was sold to the Milstein family in 1989 and then again to Insignia Financial Group (now CB Richard Ellis

CB Richard Ellis

CBRE Group, Inc. , a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm . The Company has approximately 31,000 employees , and serves real estate owners, investors and occupiers through more than 300 offices worldwide...

). In 2003 Insignia sold Douglas Elliman to Montauk Battery Realty, an affiliate of Vector Group

Vector Group

Vector Group Ltd. is a Miami, Florida-based, publicly traded holding company founded by its Chairman, Bennett S. LeBow. Howard Lorber serves as President and Chief Executive Officer of Vector Group Ltd.. The company is headquartered in the Miami Tower in Downtown Miami.The company's holdings...

's New Valley LLC

New Valley LLC

New Valley LLC is an investment company owned by Vector Group. Western Union was renamed New Valley in the early 1990s as the corporate parent of all Western Union related businesses. In 1994, New Valley sold its Western Union businesses to First Financial Management for $1.2 Billion...

 subisidiary.

Today the company has more than 60 offices and 4,000 real estate agents. Dottie Herman

Dottie Herman

Dorothy "Dottie" D'Ambrosio Herman is the CEO of New York City real estate brokerage firm Prudential Douglas Elliman.-Early life:...

 is president and CEO of Prudential Douglas Elliman. Vanessa Grout

Vanessa Grout

Vanessa Grout is the CEO of South Florida real estate brokerage Douglas Elliman Florida. The company's Miami flagship office is at 1111 Lincoln Road in South Beach....

 is President and CEO of Douglas Elliman Florida.

External links

• Prudential Douglas Elliman Real Estate official website
• Douglas Elliman Florida South Florida subdivision
• DE Capital Mortgage - Partnership of Wells Fargo
  Wells Fargo
  Wells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home...
  
  Ventures, LLC, and Prudential Douglas Elliman Real Estate
• Douglas Elliman Property Management
• John Holusha, Douglas Elliman Real Estate Brokerage to Be Sold, New York Times, May 29, 1999