Breaking News & Top Stories

Real Estate

Altman Brothers Team Signs New Contract With Douglas Elliman

The staff closed the priciest sale in Orange County final 12 months with a $55 million property in Crystal Cove and was named the No. 1 massive staff nationwide within the 2023 Ellie Awards. Phrases of the contract weren’t disclosed.

In these occasions, double down — in your abilities, in your information, on you. Be part of us Aug. 8-10 at Inman Join Las Vegas to lean into the shift and be taught from the very best. Get your ticket now for the very best value.

The Altman Brothers Group, a fixture of Orange County luxurious actual property, has signed on to a brand new multi-year contract with Douglas Elliman, the agency introduced on Thursday.

Howard Lorber

Led by Josh, Matt and Heather Altman, the staff is understood for his or her look on Bravo’s “Million Greenback Itemizing Los Angeles” and has constantly been one among Douglas Elliman’s top-performing groups. For the reason that starting of 2021, The Altman Brothers Group has introduced in $3.6 billion in transactions, and within the final 24 months alone has introduced in additional than $2.5 billion, averaging roughly $100 million per thirty days in gross sales.

Josh Altman informed Inman the phrases of the brand new contract — together with what number of years it could final — couldn’t be disclosed.

“The Altman Brothers characterize the head of success and we’re lucky to depend them as Elliman brokers,” Howard M. Lorber, govt chairman of Douglas Elliman, stated in a press release. “Josh, Matt and Heather are identified for promoting and advertising and marketing among the world’s most iconic properties. Their uncompromising professionalism and tenacious drive has fueled their fast rise to grow to be one of the profitable groups in Los Angeles actual property, 12 months after 12 months. We sit up for their continued progress and success at Douglas Elliman.”

Scott Durkin

“With over two billion {dollars} in gross sales quantity for 2 consecutive years, Josh, Matt and Heather have blazed new trails and reached uncommon heights in residential actual property gross sales,” Scott Durkin, president and CEO of Douglas Elliman Realty, stated in a press release. “With million-dollar transactions on their desk every day, they’ve modified the sport of Los Angeles actual property. Their intensive market information, expertise and connections, each nationally and globally, have propelled their huge success, and I’m assured that they may proceed to boost the bar within the years to come back.”

Douglas Elliman’s unmatched help of their staff paired with its actually international attain — significantly resulting from its partnership with London-based Knight Frank — made the choice to signal a brand new multi-year take care of the agency a no brainer, Josh Altman informed Inman.

Josh Altman

“Now we have a really well-known model, globally — in fact, we actually had each possibility on the market so as to do no matter subsequent transfer we wished,” Altman stated. “However on the finish of the day, it got here right down to the truth that the help that we get on each stage, and in each facet of our enterprise, confirmed us loyalty from [Douglas Elliman], and we recognize that.”

Matt Altman

The Altman Brothers Group joined Douglas Elliman in 2015 when the brokerage first started increasing into California. The agency honored the staff in 2023 because the No. 1 massive staff nationwide in its annual Ellie Awards, which acknowledges top-producing brokers.

“We have been among the many first brokers to hitch Douglas Elliman when it expanded to California,” Matt Altman stated in a press release. “Because the agency’s Western Area grew, we grew proper together with it. Now, as we enter this new section of our journey with Elliman, we’re actually simply getting began!”

Heather Altman

The staff closed the priciest sale in Orange County final 12 months with a $55 million property in Crystal Cove, which can be the third most costly sale to ever hit Orange County.

The Altman Brothers Group can be within the strategy of launching a model new workplace in Newport Seashore within the neighborhood of Corona Del Mar, which marks its second standalone location in California. “They’ve been an enormous help in us increasing to the Newport Seashore workplace,” Josh Altman added.

Stephen Kotler

“The Altmans are a power to reckon with and it has been a privilege to associate with Josh, Matt and Heather as they proceed to scale their enterprise to even larger heights,” Stephen H. Kotler, CEO of Douglas Elliman Realty’s Western Area, stated in a press release. “I’m extraordinarily happy with them and sit up for our subsequent chapter stuffed with extra growth, extra value data and extra private bests.”

“Douglas Elliman is a category aside in the case of fostering and supporting groups like ours,” Heather Altman stated. “We’re consistently empowered with the very best instruments, the very best branding and a wonderful management staff with an agent-first perspective. Elliman is our house, and we sit up for our continued, shared success.”

Get Inman’s Luxurious Lens E-newsletter delivered proper to your inbox. A weekly deep dive into the largest information on the earth of high-end actual property delivered each Friday. Click on right here to subscribe.

E-mail Lillian Dickerson