August 2, 2017
Douglas Elliman is acquiring Teles, making the firm one of the largest in California. The acquisition will add over 500 agents and 20 offices to the Douglas Elliman brand. The expansion will give Elliman more than 7,000 agents and 110 offices.
Teles reported revenue of $3.4 billion last year will be rebranded as Douglas Elliman in the fall. According to the chairman of Elliman, Howard Lorber, the company talked to several firms in the Los Angeles area. ‘When we spoke to Teles, they had offices in all the markets we wanted to be in,’ Lorber said. See The Real Deal article.
Established in 1911 in New York, Douglas Elliman represents the highest standards of service and integrity. With 20 offices in South Florida alone, Douglas Elliman is able to network across the luxury beach area markets from Palm Beach to Miami. As the Executive Directors of Luxury Sales for Douglas Elliman Delray Beach, Nicholas Malinosky and Randy Ely work closely with their Elliman colleagues in Florida, New York, Colorado and California and beyond in order to showcase their exclusive listings to a broad audience.
Are you interested in discussing the Douglas Elliman difference? Contact Nicholas Malinosky to start the conversation.