Douglas Elliman Appoints Richard Ferrari as President and CEO of Brokerage for New York City and the Northeast Region
July 21 2021 - 8:30AM
Business Wire
Yuval Greenblatt and Alfred Renna Promoted to
Senior Managing Director of Operations and Senior Managing Director
of Sales, Respectively, for Flagship 575 Madison Avenue Office
Douglas Elliman, one of the largest residential real estate
brokerages in the United States, announced today that real estate
veteran Richard Ferrari has joined the firm as President and CEO of
Brokerage for New York City and the Northeast Region. In this role,
Ferrari, a highly regarded industry expert, will oversee the firm’s
New York City resale markets, including Manhattan, Brooklyn,
Riverdale and Long Island City in Queens. He will also assume
responsibility for Elliman’s New Jersey, Westchester, Connecticut
and Massachusetts regions and be based out of Elliman’s New York
City headquarters located at 575 Madison Avenue. Ferrari will
report to Scott Durkin, President and Chief Operating Officer of
Douglas Elliman.
“I am thrilled to be rejoining Douglas Elliman, such an
illustrious firm whose name is synonymous with one of the biggest
and best brokerages in New York City and the country,” said Richard
Ferrari. “The breadth of talented agents and leadership coupled
with the best in technology, marketing and public relations makes
this the perfect fit for this next leadership chapter of my
career.”
Richard assumes this new role after serving as agent and sales
director for Brown Harris Stevens from 2015 to 2018 where he played
an instrumental role in the success of the brokerage in the
Hamptons. After Halstead merged with Brown Harris Stevens, he
served as advisor for the firm in Connecticut and New Jersey as
well. Richard is an expert in the New York City co-ops market,
where he has lived and sold some of the biggest deals in the city.
He has maintained top agent status in New York City for much of his
30-year career including 15 years with Douglas Elliman. Ferrari is
a member of the Real Estate Board of New York (REBNY), the New York
Athletic Club, The Tiro A Segno of New York and the Montclair Gold
Club in Montclair, New Jersey. He earned his Bachelor of Arts
degree from St. Bonaventure University and is an avid golfer and
snow skier. Ferrari is a long-term resident of Manhattan and Sag
Harbor.
“Richard has had his hand on the pulse of New York City
residential real estate for the past three decades,” said Howard M.
Lorber, Executive Chairman, Douglas Elliman Realty, LLC. “His
experience and professionalism will make him a great asset to our
firm, and we look forward to the continued success of our New York
City and Northeast brokerages under his stewardship.”
“I have been following Richard’s career for many years and am
absolutely thrilled to welcome him back home to Douglas Elliman,”
said Scott Durkin, President and COO of Douglas Elliman. “New York
City is so interconnected with the outer suburbs, including New
Jersey, Westchester and Connecticut, which makes Richard the
perfect candidate for this position. He has the background and
expertise to help bring our firm into its next generation of
leadership and technology and will be a major asset in mentoring
and motivating our agents along the way.”
Douglas Elliman also announced promotions for Yuval Greenblatt
who was promoted to Senior Managing Director of Operations for 575
Madison Avenue. Yuval is a 20-year Elliman executive and member of
the RLS Board of Directors for the Real Estate Board of New York.
In addition, Alfred Renna, who has been with the company most of
his 30-year career, was named Senior Managing Director of Sales for
Elliman’s 575 Madison Avenue office. Alfred is also a member of the
board of directors for REBNY’s Universal Cobroke Agreement.
“I am exceedingly proud of Alfred and Yuval and all of their
contributions to the Douglas Elliman sales and technology platforms
that allow our agents to thrive in their day-to-day businesses,”
added Durkin. “These promotions are both well-earned and important
to the new and exciting direction we embark on today.”
About Douglas Elliman Real
Estate
Established in 1911, Douglas Elliman Real Estate is the largest
brokerage in the New York Metropolitan area and the third largest
residential real estate company nationwide. 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, the
company has a strategic global alliance with London-based Knight
Frank Residential for business in the worldwide luxury markets
spanning 61 countries and six continents. Douglas Elliman 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 the company
as well as expert commentary on emerging trends in the real estate
industry, please visit elliman.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210721005308/en/
Stephen Larkin Douglas Elliman (212) 891-7042
Stephen.Larkin@elliman.com Samantha Feld Douglas Elliman
212-891-7735 Samantha.feld@elliman.com
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