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The Nassimi Group Hitches Its Wagon To Douglas Elliman | Inman

Previously an impartial brokerage, The Nassimi Group has relinquished its indie standing to grow to be a 10-person crew beneath Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in gross sales quantity.

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The previous impartial luxurious brokerage The Nassimi Group has relinquished its indie standing to grow to be a 10-person crew beneath Douglas Elliman, the brokerage introduced on Friday.

Howard M. Lorber | Douglas Elliman

The agency, which was based in 2007 by Richard Nassimi, has a scope of operations that extends throughout New York, Florida, Nevada, California, Europe and Asia. Now with its affiliation with Douglas Elliman, the crew will function out of the brokerage’s workplace on Madison Avenue in Manhattan.

“Richard has lengthy been a drive in actual property,” Howard M. Lorber, government chairman of Douglas Elliman, stated in an announcement. “We welcome his crew’s experience in worldwide gross sales, and we’re assured he’ll solely construct on his success right here at Elliman.”

The Nassimi Group has closed over $1 billion in gross sales quantity throughout business and residential offers over the course of Nassimi’s 16-year profession. In 2022, he closed roughly $80 million in gross sales quantity, and his priciest deal so far was a 20-year business lease for Hyundai Genesis at over $200 million.

Scott Durkin | Douglas Elliman

“We’re proud to welcome Richard and his proficient crew members to the Elliman neighborhood,” Scott Durkin, president and CEO of Douglas Elliman, stated in an announcement. “Having led his personal agency, Richard has a useful sense of the market. As a brokerage that champions entrepreneurship, we all know he’ll really feel proper at house right here.”

The crew’s focus whereas at Douglas Elliman can be luxurious rental gross sales, land developments and business offers, in response to an announcement from the brokerage. For the reason that begin of 2023, the crew has signed $30 million in unique gross sales listings throughout each business and residential markets.

Richard Nassimi | Douglas Elliman

“I’m grateful for Howard and Scott’s management over time and stay up for becoming a member of the Elliman ranks,” Nassimi stated in an announcement. “Douglas Elliman’s unique partnership with the London-based agency Knight Frank will enable me to higher service my worldwide clientele and construct a fair larger world property community. My crew and I stay up for drawing on the assist and experience of the agency’s first-class sources in expertise, advertising and marketing and public relations.”

Previous to getting into actual property, Nassimi labored in valuable stones and eating/hospitality as a restaurant supervisor. Whereas working in these careers, he accomplished renovation initiatives in Lengthy Island on the aspect, fostering his curiosity in actual property. He’s a local of Milan, Italy, and has lived in New York for in regards to the final 25 years.

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E-mail Lillian Dickerson