Douglas Elliman Real Estate Announces Douglas Elliman Commercial

NEW YORK, Sept. 16, 2014 /PRNewswire/ -- Douglas Elliman Real Estate is growing its current portfolio of real estate services with the addition of an expanded commercial division, Douglas Elliman Commercial, LLC, by joining forces with Williamson, Picket, Gross, Inc., (WPG) the highly-respected commercial brokerage. The newly formed division will be led by Williamson, Picket, Gross, Inc. founder Jim Gross, his son and partner Peter Gross, and Douglas Elliman's Louis Puopolo. The new division will service New York City, South Florida and Long Island. The Division will also include The Nickolai Team led by Irene Nickolai.

"Douglas Elliman is best known for being New York's largest residential brokerage with a growing national presence, but we've been ranked among the best brokerages in the commercial realm for years," said Howard M. Lorber, Chairman of Douglas Elliman.  "This is the right time to increase our scope with this division, as we continue to expand our full-service real estate capabilities in the national arena."

Jim Gross, formerly Vice Chairman of Williamson, Picket, Gross, Inc., ran WPG successfully since 1971. He has personally leased over 40 million square feet of New York office space and has been responsible for mentoring some of the most successful commercial real estate brokers in the industry. Peter Gross and Jim have been partners since 2010. Peter's main focus has been on brokerage representing major tenants and landlords for over a decade.

Since 2004, Louis Puopolo and his team have been among the top commercial brokers in New York City for Douglas Elliman. Puopolo began his real estate career in residential sales and segued into the commercial sector.  He has worked with Howard Lorber to build a cohesive corporate division for the company.

The award-winning Nickolai Team, led by Irene Nickolai, specializes in international clientele and ranks among the top-producing teams at Douglas Elliman.

Douglas Elliman Commercial will specialize in Tenant Representation, Landlord Representation and Investment Sales. They are based out of Elliman's newly renovated office at 205 East 42^nd St.  Michael Murphy and David Restainer will lead the Long Island and South Florida commercial offices, respectively. WPG's previous senior managing director Will Carr will also be joining this corporate division.

ABOUT DOUGLAS ELLIMAN REAL ESTATE
Douglas Elliman Real Estate is New York's largest residential brokerage, with over 70 offices in New York City, Long Island, the Hamptons, Westchester/Putnam, Los Angeles, and South Florida  and more than 5,000 real estate agents and a network of national and international affiliates. They have a strategic global alliance with London-based Knight Frank LLP for residential business in all of their markets. Douglas Elliman ranked in the top four of all real estate companies in the nation in 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014. The company also controls a portfolio of real estate services, including Manhattan's largest residential property manager, Douglas Elliman Property Management, as well as DE Title and DE Capital Mortgage. For more information on Douglas Elliman as well as expert commentary on emerging trends in the real estate industry, visit the Douglas Elliman site at www.elliman.com

SOURCE Douglas Elliman Real Estate

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