Real Estate Veteran Charged with Leading Next
Generation PropTech and Market Growth for Real Estate
Giant;
Dottie Herman Appointed Vice-Chair
Douglas Elliman, one of the largest residential real estate
brokerages in the United States, announced today that it has
promoted its President and Chief Operating Officer, Scott Durkin,
to Chief Executive Officer, effective immediately. Dottie Herman
has been appointed Vice-Chair.
“Douglas Elliman has proven to be my most rewarding professional
experience to date,” said Mr. Durkin. “I look forward to expanding
upon the legacy of our brand built by my friend and mentor Dottie
Herman as the market leader in luxury real estate. I also welcome
the opportunity to further advance our technology-focused
initiatives that allow our agents to work faster and more
efficiently on behalf of their customers and clients.”
Hand selected by Elliman Executive Chairman Howard M. Lorber and
Ms. Herman, Mr. Durkin joined Douglas Elliman in 2015 as executive
vice president of acquisitions and growth. He was promoted to Chief
Operating Officer in October 2016 and named President in 2017. With
his new title, Mr. Durkin will continue to lead the brokerage, its
operations, technology initiatives, and strategic growth efforts
across the United States. During the 12 months ended June 30, 2021,
Douglas Elliman closed nearly $43 billion in sales.
"As President and COO of Douglas Elliman, Scott has taken our
firm to the next level with major initiatives to strengthen our
brand, our culture, our technology and most importantly, the way
our agents conduct their business,” said Mr. Lorber. "Scott is a
talented, solution-driven and results-oriented leader, as
demonstrated by his truly incredible performance helming the
brokerage during the extremely challenging COVID-19 pandemic. He
has established himself as a highly valued and respected executive
and I am very proud to make this announcement.”
“It is a thrill to pass the CEO title to my friend Scott Durkin
whose career I have watched since acquiring Elliman in 2003 when I
joined the New York City brokerage community,” said Ms. Herman. “I
am impressed by his experience, tenacity and his appeal to agents,
managers and staff alike. Elliman is in excellent and very capable
hands.”
Ms. Herman has been consistently ranked in Crain's New York
Business 50 Most Powerful Women in New York and Inman News Top 100
Most Influential Real Estate Leaders. In 2015, she was inducted
into the Long Island Business News Hall of Fame and listed in the
Top 50 Women Entrepreneurs in America by Inc. Magazine among the
Inc. 5000 list where Douglas Elliman was named as one of the
fastest-growing private companies in America. In 2016, Ms. Herman
was named on Forbes 2016 List of America’s Self-Made Women as well
as in 2017. She was also honored in 2017 at the United Nations
Women’s Entrepreneurship Day where she was awarded the prestigious,
Business Pioneer Award. In addition, Ms. Herman received
recognition as a Kenneth R. Gerrety Humanitarian Award at the
annual Real Estate Board of New York (REBNY) and a BRAVA SmartCEO
Award, recognizing exceptional female leaders for their
contributions to business and philanthropy.
In her role as Vice-Chair, Ms. Herman will serve in an advisory
capacity to Mr. Lorber and Mr. Durkin as well as continue to mentor
Douglas Elliman executives and agents across the country.
“Dottie and I could not have imagined that the venture we
embarked on in 2003 would grow into one of the largest and most
important residential brokerage firms in the United States. Her
vision for and dedication to Douglas Elliman has proven invaluable
and I am grateful for her service,” said Mr. Lorber.
Ms. Herman added, “I could not be more proud of the company that
Howard and I created and am excited for its future.”
Mr. Durkin was the driving force behind Douglas Elliman’s
celebrated, next-generation platforms including public relations,
technology, and marketing. He was instrumental in launching the
firm’s new brand look and feel, a new Elliman.com and advertising
campaign dubbed The Next Move is Yours, all in the last two years.
Mr. Durkin also brought about more open lines of communication for
agents and consumers with The Douglas Elliman Podcast Channel,
Elliman Cares initiatives and cutting-edge social media platforms
such as TikTok.
He helped oversee expansion efforts in New York, Florida,
California, Massachusetts and Texas as well as the successful
re-structuring of operations in Westchester, Connecticut and the
Hamptons. Mr. Durkin is also responsible for a more streamlined,
efficient, creative and productive operations team that includes
sales, recruitment, technology, marketing, legal, accounting,
public relations, human resources and facilities.
Since beginning his career as a sales agent with the Corcoran
Group in 1991, Mr. Durkin grew his reputation, becoming a protégé
of Barbara Corcoran and working directly alongside her for many
years. He was directly involved in many major milestones, including
the sale of the company to NRT and the acquisition of brokerages in
the Hamptons, Palm Beach and New York.
Mr. Durkin was recently appointed to the board of directors of
God’s Love We Deliver, for which Douglas Elliman agents and staff
have been instrumental in helping to raise well over $1 million for
clients of the organization too sick to shop or cook for
themselves.
An avid equestrian with a passion for the dressage style of
riding, Mr. Durkin and his husband live between Manhattan, upstate
New York and Wellington, Florida. Active in the United States
Dressage Federation and the United States Equestrian Federation,
Scott is a board member of the Have a Heart Animal Welfare
Fund.
About Douglas Elliman Real
Estate
Established in 1911, Douglas Elliman Real Estate is the largest
brokerage in the New York Metropolitan area and one of the largest
residential real estate brokerages in the United States. The
company is owned by New Valley LLC, the real estate subsidiary of
Vector Group Ltd. (NYSE: VGR). With approximately 7,000 agents,
Douglas Elliman operates approximately 100 offices in New York
City, Long Island, The Hamptons, Westchester, Connecticut, New
Jersey, Florida, California, Colorado, Massachusetts and Texas.
Moreover, Douglas Elliman has a strategic global alliance with
London-based Knight Frank Residential for business in the worldwide
luxury markets spanning 61 countries and six continents. The
company also controls a portfolio of real estate services including
Douglas Elliman Development Marketing, Douglas Elliman Property
Management and Douglas Elliman commercial. For more information on
Douglas Elliman as well as expert commentary on emerging trends in
the real estate industry, please visit elliman.com.
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Stephen Larkin Douglas Elliman (212) 891-7042
Stephen.Larkin@elliman.com
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