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Douglas Elliman Expands to Boston Luxury Real Estate Market

September 29, 2017

Douglas Elliman announced yesterday that it is acquiring the Boston luxury firm, Otis & Ahearn. The transaction is expected to be closed next month and will give Douglas Elliman an additional three office in Boston and one in Charlestown with 30 sales associates specializing in the markets from Back Bay to the Boston Gold Coast.

Founded in 1978 by Kevin J. Ahearn, Otis & Ahearn enjoys a major presence in Boston’s real estate market with sales that include luxury homes and new development condos along the downtown waterfront. Ahearn who will be named CEO of Douglas Elliman’s Boston division, said ‘œthere is no other company that could match the national and international reach that our agents and clients will gain from this union. The Douglas Elliman umbrella will help propel our agents to new, untold levels of success.’ See PR Newswire article

Douglas Elliman Chairman Howard Lorber told the Boston Globe that the acquisition will give DE the chance to market the city’s growing inventory of new condominium developments. ‘œWe thought it was a natural, and we wanted to wait for the right opportunity,’ Lorber told the Globe. ‘œWe try to enter markets where we think we can make a real dent in new development.’ See Boston Globe article

The acquisition is the latest in Douglas Elliman’s ongoing expansion. Last month, Douglas Elliman acquired Teles Properties, a Los Angeles based company with 20 offices in California and five in Colorado. See Long Island Business News article

How does Douglas Elliman’s nationwide expansion effect sellers in South Florida? It provides the strongest global exposure under one organization. An oceanfront home listed in the Palm Beaches is immediately showcased to thousands of agents across the nation and high-end buyers are readily accessible through well-organized networking efforts across the globe. Nicholas Malinosky and Randy Ely are pleased to be with Douglas Elliman’s Delray Beach office. Mr. Malinosky and Mr. Ely are ready to help you achieve your luxury real estate goals. Contact them today.


Douglas Elliman Pitches New Boca West Luxury Condo to Long Island Buyers

July 11, 2017

Long Island Business News reports that Jordan Tepper of Douglas Elliman will be at Hendrick’s Tavern in Roslyn to pitch Akoya, the new luxury condo at Boca West Country Club in Boca Raton, Florida. The presentation is scheduled from 6:00 pm to 8:00 pm on Wednesday, July 12, 2017. See LIBN post

Akoya is a nine-story luxury condo offering two to five bedrooms with a list price from $800,000 to $3 million. The condo’s resort-style amenities will include pool and sun deck overlooking the golf course, 24-hour fitness center, valet parking and concierge services. Boca West Country Club is the #1 Private Residential Country Club in the Nation with five-star amenities including four championship golf courses, brand new $50M clubhouse, tennis center with 30 plus courts, fitness and aquatic center with five pools, spa with full salon, six restaurants and a year-round calendar of social and cultural events.

Exclusively listed by Douglas Elliman, Akoya is a new development project that is quickly earning its place in the luxury real estate market. South Florida residents and New Yorkers alike are taking notice and making inquiries about the exciting and new condo project.

With over 40 years combined experience in the South Florida luxury real estate market, Douglas Elliman agents, Nicholas Malinosky and Randy Ely know that many luxury buyers come from the Northeast. If you are interested in more information about Akoya or other Douglas Elliman New Development projects, please contact Nick and Randy today.