Kirsten Jordan Returns to Douglas Elliman

Kirsten Jordan

Last week on February 18th, Douglas Elliman announced that top producing New York City agent Kirsten Jordan has returned to the firm. With over 13 years of experience in the real estate industry, Kirsten is a seasoned professional and avid property investor. Kirsten and her team will be working out of the brokerage’s flagship office located at 575 Madison Avenue in Manhattan.

“Kirsten is one of the leading agents working in our industry and we are thrilled to have her back at Douglas Elliman,” said Howard M. Lorber, Executive Chairman, Douglas Elliman Realty, LLC. “Kirsten’s strong client relationships and business and marketing acumen will make her a great addition to our firm. We look forward to her continued success utilizing our global marketing and sales platforms.”

“I am excited to be returning to Douglas Elliman, the company where I first started my real estate career,” said Jordan. “Elliman is a powerhouse firm and with their global network, technology, marketing and public relations prowess, I am certain that I will be able to service my clients and customers even further.”

Since 2008, Jordan has brokered sales and rentals for Fortune 500 executives, Oscar-winning actors and mega-influencers with millions of followers. She has sold out three new developments in the city, for a total of $100M in new development sales and was the head of sales at the Upper West Side condominium, 175 West 95th Street and at a 14-unit condo, Gramercy North.

Jordan’s largest past sale transactions include The Penthouse at 403 Greenwich Street for $8.035MM the Penthouse at 174 Duane Street for $10.847MM and the 15th Floor at 812 Fifth Avenue for $9.95MM. 

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Isaac Zion joins Acram Group as Managing Partner

Acram Group, an entrepreneurial real estate firm previously known as JMC Holdings, LLC, is pleased to announce that Isaac Zion has joined the firm as a managing principal. Following a decade of developing a successful track record, the official name change illustrates the next phase of the firm’s evolution, highlighted by Zion joining the partnership. 

Founded in 2011, Acram Group focuses on the acquisition, development and management of covered land, office, multi-family and flex-industrial properties throughout the United States. With offices in New York, NY, Greenwich, CT, and Dallas, TX, Acram Group partners with family offices, institutional fund managers and other real estate platforms to execute its business plans. Acram Group’s current portfolio includes assets located throughout eight different metropolitan areas and is comprised of 2.5 million square feet along with a development pipeline totaling 1.5 million square feet. 

In his new role, Zion joins fellow managing principals, J. Matthew Cassin and David Taylor, to lead the firm. With a combined 60+ years of real estate experience, the partners will oversee Acram Group’s diverse, mixed-asset platform while simultaneously expanding the firm’s national reach and capabilities.

“I’m thrilled to embark on this next chapter with The Acram Group,” said Zion. “The partnership with Matt and David, my former colleagues, feels like a natural fit and I look forward to continuing to champion them in taking this impressive platform they have built and working alongside them to bring it to the next level of success.”

Prior to joining Acram Group earlier this year, Zion served as SL Green Realty Corp.’s (NYSE: SLG) co-Chief Investment Officer from 2011 through July of 2020 after having joined the organization in 2007. Zion led property acquisitions, dispositions, development, financings and joint ventures for the firm, along with spearheading the company’s suburban division/portfolio, which comprised over 35 buildings totaling more than 5 million square feet. Prior to joining SL Green, Zion was a Managing Director at Tishman Speyer for five years and spent the first several years of his real estate career at Insignia/ESG (now CBRE). Over his career, he has played a senior role in over $50 billion of investment activity, and in over 20 million square feet of leasing.

“The 10th anniversary of JMC Holdings signifies both the achievement of a major milestone for the company and a pivotal moment for David and I in deciding its future growth and evolution,” said J. Matthew Cassin, founding principal of Acram Group. “Isaac will be a terrific partner, as our longstanding relationship and frequent collaboration regarding strategy, growth opportunities, market dynamics, etc. lent themselves to recognition of a collective strategic vision that addressed the company’s outgrowth and laid the foundation for Acram Group. Isaac will be a tremendous asset to our team as we build upon our track record and expand the breadth of our success with this new endeavor.”

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Douglas Elliman's Noble Black Team Expands with Hire of David Eskander

Douglas Elliman Real Estate,has announced that luxury hospitality executive, David Eskander, has joined the firm’s prestigious Noble Black Team.

David Eskander

Eskander’s transition into real estate follows a decade-long career in the hospitality industry where he held several executive business development roles for some of the most distinguished luxury hotel companies including The Leading Hotels of the World, WorldHotels and Small Luxury Hotels of the World, among others. With experience spearheading global and domestic development efforts for major hospitality brands, he is well versed in complex negotiations, real estate cycles and marketing and design trends. Eskander’s global business acumen and luxury hospitality background make him an exceptional partner for buyers and sellers who will benefit from his client-focused business philosophy and first-class service approach.

Led by one of New York City’s premier brokers, Noble Black, the team is consistently ranked as a top producing team in Manhattan. In 2019, The Noble Black Team was Douglas Elliman’s #3 team in Manhattan by Gross Commission Income in addition to the firm’s #1 top new development team.

“With David's background in luxury sales and exceptional customer service, he was a natural fit for our team,” said Black.

“I’m thrilled to join Noble and his remarkable team at Douglas Elliman as I embark on this next chapter of my career,” said Eskander. “With so many complementary aspects between the two industries, the shift from the hospitality world to real estate feels like a natural progression. I look forward to utilizing the unique skills and service-oriented approach I’ve honed over the past decade to bring value to this team and help my clients find their dream homes.”  

Residence 4A of the historic Cast Iron House in Tribeca is Eskander’s first listing with Douglas Elliman for which he joins fellow agents from the Noble Black Team to represent the impressive 3,197 square-foot four-bedroom, three-bathroom corner duplex. Originally built in 1881 and revitalized by the Pritzker Prize award-winning architect, Shigeru Ban, the boutique condominium at 67 Franklin Street boasts a classic 19th-century cast-iron façade that works in tandem with modern interiors and a suite of amenities to create the perfect home.

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NYC Broker and Social Media Agency Founder, Ryan Garson, Partners with Compass

Compass announced that Ryan Garson and his six-person team have joined the firm. Garson, an influential Manhattan and Brooklyn real estate agent who has transacted over $100 million in sales, will pair his personalized approach and innovative marketing aptitude with Compass' in-house creative teams and the company's industry-leading technology to reimagine what is possible. 

"Ryan's entrepreneurial and creative talents will elevate what is it means to provide great service to his clients," said Rory Golod, President, Tri-State. 

Aside from his working as an agent, Ryan also leads Very Social, a strategic creative and social media agency that specializes in building and amplifying the brands of real estate professionals around the country through tailored social media strategies. As part of his partnership with Compass, Ryan will have access to the firm's extensive network and will be a preferred agency vendor. 

The partnership comes at a time when Compass is heavily investing in tech-oriented solutions. This month, the company acquired Modus, a Seattle-based startup that automates the closing process of selling a home. Earlier this year, the venture-backed firm announced the release of Compass Lens, an AI-powered tool that allows homeowners to envision what homes would look like with cosmetic upgrades to maximize the home's value. 

"Joining Compass provides me with unrivaled technology and dedicated support staff that will help me better serve my clients," said Garson. "Real estate and marketing are constantly evolving, and I want to be at the forefront of innovation." 

Garson was previously at Halstead, which recently merged with Brown Harris Stevens, where he achieved over 400 client success stories. He currently serves on the Garment District Board, is a founding member of the Anti-Defamation League's NY Next Generation Real Estate Group, and on the Executive Board of the 14th Street Y. 

Ryan's active listings portfolio includes  54 Warren Street, Unit PH, 77 Bleecker Street, Unit 1025, and 101 West 12th Street, Unit 3G.

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Real Estate Moves: Naftali Group Promotes David Hochfelder to CIO

The Benson

On the heels of launching sales at The Benson – Madison Avenue’s first new condominium on the Upper East Side in 20 years – privately-held global real estate and investment firm Naftali Group is pleased to announce the promotion of David Hochfelder. Appointed to Chief Investments Officer from Executive Vice President of Acquisitions, Hochfelder will play an integral role in leading, identifying and securing opportunities that will continue to define Naftali’s expanding New York and national portfolio.

As CIO, Mr. Hochfelder will be responsible for all investments for the company including sourcing, structuring and execution. Additionally, he’ll be recruiting new investors and managing existing investor relations. A finance expert by trade, Hochfelder has been critical in the investment of more than $6 billion of real estate acquisitions throughout his career. Prior to joining Naftali Group, Hochfelder worked at RFR Holding, The City Investment Fund and The Lightstone Group.

Known for leading some of the most significant developments and landmark restorations in New York City, Naftali is focused on expanding its residential portfolio in the New York region. The firm is currently developing three buildings on the Upper East Side. In addition to The Benson, Naftali’s other residential projects include a building at 1165 Madison Avenue that will transform a prime corner at the 86th Street intersection and a new starchitect-designed tower by Robert A.M. Stern at 200 East 83rd Street.

Earlier this summer, Naftali acquired 470 Kent Avenue, one of the last and largest developable sites on the Williamsburg waterfront, for $102.38 million. This purchase is the largest land transaction recorded since the city’s shutdown earlier this year. 

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Erik Conover The World's Most Watched Agent Joins Nest Seekers

Nest Seekers International just announced the addition of Erik Conover, the most followed agent on YouTube in the world, to the brokerage. This latest addition is another move on Nest Seekers' part to expand their media empire and reach into the luxury market.

CEO Eddie Shapiro has long known Erik Conover to be ahead of his time, resourceful, and someone who can deliver content and results in the digital age. The decision to bring Erik into the brokerage was a natural progression and a collision of passion and capabilities. Nest Seekers’ expertise in the luxury market and worldwide reach collided with Erik’s worldwide persona as both an agent and YouTube star with nearly 1.5 million subscribers.

Erik’s extremely successful YouTube channel that has garnered over 111 million views since inception. His “Luxury Listings” series has 26 episodes that boast a total of over 64 million views, making each episode average 2.47 million views. Luckily for Nest Seekers, those views translate to deals, as Erik has been a part of hundreds of millions in sales indirectly from his tours.

The team is launching specific programs and shows positioned to create massive exposure to Developers and Development projects in New York City, The Hamptons, Miami, Los Angeles, and London as well as High-End properties in those regions and more. Erik spent the past few years building a well targeted loyal audience of buyers and sellers and general real estate lovers. The first two shows are called "ICONS", which will give an inside look at the most luxurious properties in the World and the second "LEGACY" showcasing prominent development projects and the most prolific developers who envision and construct them.

“We are thrilled to welcome Erik into the Nest Seekers family. He has amassed an incredibly large audience and viewership with his YouTube channel and his “Luxury Listings” series. He’s really tapped into a new innovative way to market and brand yourself and has created a massive following along the way. His talent in understanding brands, marketing and creating the highest quality of real estate content as well as selling homes will be a huge asset and great addition to the family.” said Eddie Shapiro, Founding President and CEO of Nest Seekers International.

Erik Conover said that “Joining Nest Seekers is a great honor and privilege. Eddie is one of the most hardworking and tenacious people I’ve met in the real estate business. His experience, and vision of building and empowering great talent and brands within the firm as well his expansive knowledge of luxury and ultra-luxury markets makes this the greatest opportunity. I’m happy to have found my new home in the Nest Seekers family and am even more excited about what’s to come. We have so many great plans and we are executing around the clock.”

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The Holl-Geller Team Leaves Corcoran For Douglas Elliman

One of New York City’s top-selling real estate teams, The Holl-Geller Team led by Caroline Holl and Stephen Geller, have joined Douglas Elliman from Corcoran today. The team, which also includes Michael Russell and Jennifer Geller, will be based out of Douglas Elliman’s flagship 575 Madison Avenue office.  

The Holl-Geller Team is in the top 1% of all NRT agents nationwide and have had two “Big Ticket” sales in The New York Times – one in January 2015 for a $52.9 million full-floor apartment at One57 and one in April 2013 for a $13 million deal at 25 Columbus Circle, 69B which was the most expensive sale of that week . 

“Caroline and Stephen are two of the leading agents in New York City real estate and we are thrilled to have them join Douglas Elliman,” said Howard M. Lorber, Executive Chairman of Douglas Elliman Realty, LLC. “Caroline and Stephen’s backgrounds in finance and law combined with their exceptional and discreet service to their clients are what differentiates them. We look forward to their success at our company.”

“We are thrilled to have Caroline and Stephen joining our team,” said Brad Loe, Executive Manager of Sales in New York City for Douglas Elliman. “Their in-depth knowledge of the New York marketplaces and business acumen make them a great addition to Douglas Elliman where they will be working from the 575 Madison Avenue office.”

Caroline and Stephen are both long term New Yorkers (lifelong, in Stephen’s case) and have a passion for the city they call home as well as an encyclopedic knowledge of all of Manhattan and Brooklyn’s unique neighborhoods. Caroline and Stephen also specialize in the specific challenges facing international buyers given Caroline’s European background. In addition, through their partnerships with top agents in the Hamptons and Palm Beach area, they have a long and successful track record of helping their clients in those locations.

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The Stanton Hoch Team Moves To Compass

Jordan Hoch and Wesley Stanton

Compass, has announced that Wesley Stanton, Jordan Hoch, and their seven-member team (The Stanton Hoch Team) have joined the firm. They transacted over $85 million in sales in 2019 - ranking first or second in total transaction volume at Douglas Elliman over the last two years. 

"We're confident that Compass will enable us to more effectively service our clients' needs in today's ever-changing landscape," said Jordan Hoch.

The team specializes in marketing new developments and has a niche professional client base ranging from doctors and lawyers to bankers. 

"We joined Compass for its collaborative ethos and unparalleled commitment to technological innovation," said Wesley Stanton. 

Compass agents have access to the company's technology platform of tools and services that is regularly updated and empowers them to work via their mobile devices from any location.

The team will be onboarded virtually and eventually work out of the  Upper West Side Office at 2150 Broadway. 

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Compass Hires Top Keller Williams Team and Expands in New Jersey

Compass has announced the arrival of The Oldendorp Group, the top-ranked team in Morris County, New Jersey. Led by Susan and Zander Oldendorp, the team closed over $116 million in sales in 2019.

Susan Oldendorp

"We're excited to be the first Compass real estate team in northern New Jersey," said Susan Oldendorp. "We look forward to combining Compass's industry-leading technology with our extensive real estate expertise to provide the ultimate client experience." 

The sixteen-person team is comprised of regional and industry experts who specialize in navigating city-dwellers move to suburban communities near the New Jersey/New York Direct Trai Line including Madison, Chatham, Harding, Summit, Morris Township, Morristown, Florham Park, Berkeley Heights and New Providence.

Zander Oldendorp

The Oldendorp Group will be onboarded virtually through Enboarder, a virtual onboarding solution, and will be the first team to join the Short Hills office. For the time being, the team will be working from home.

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Jessica Chestler and Ben Jacobs Join Douglas Elliman

 Douglas Elliman Real Estate,has welcomed Jessica Chestler and Ben Jacobs to the firm, launching The Chestler Jacobs Team based out of the 575 Madison Avenue office.  Jacobs, who is dually licensed, will split his time between New York and Florida and will also be based out of the 1111 Lincoln Road corporate office in Miami Beach.

Chestler and Jacobs have over $350 million of combined sales under their belts.  They will continue to serve the needs of their clientele throughout New York City while also catering to clients looking to invest in or relocate to South Florida.  Chestler and Jacobs bring a keen understanding of the market and over 15 years of experience working with buyers, sellers, tenants and owners to their new role.  Jacobs, having grown up in a real estate family, will contribute his strong background and unique expertise navigating the specific ins and outs of various New York City neighborhoods in addition to those in Miami.  Both come to Elliman from CORE Real Estate.

"We are so excited to have Jessica and Ben joining our team," said Brad Loe, Executive Manager of Sales in New York City for Douglas Elliman. “They have both consistently brought a high level of enthusiasm and professionalism to their individual work and are a great fit for each other and for our firm.”

The newly formed Chestler and Jacobs Team will also include Blanca Stempel and Michael Kahler.  Stempel, a former fashion executive with a passion for real estate and an eye for visual detail, worked alongside Jacobs during their time together at CORE.  A native of Valencia, Spain, Stempel now owns real estate in the Hudson Square neighborhood of New York City and understands the needs of clients looking to call New York home.  Kahler, a creative dealmaker with over 12 years of marketing, sales and sales management experience to his credit, is originally from Dallas, TX and has lived in Manhattan and Brooklyn for the past six years.  Chestler and Jacobs also currently reside in New York – Chestler in TriBeCa and Jacobs in both Williamsburg, Brooklyn and Miami Beach, FL.

"I have always admired Ben’s work ethic and personal character," said Chestler. “He goes above and beyond for his clients which is something I also pride myself on.  I know that we’ll work well together, and we’re thrilled to be embarking on this new phase under the auspices of Douglas Elliman’s excellent reputation in this industry.”

"Jessica is a true pro, always offering innovative ideas and with an unmatched understanding of social media and the future of our field," added Jacobs. “With Douglas Elliman’s established brokerage throughout the country, it was an obvious decision to combine our skills and resources, as well as bringing in Blanca and Michael, in order to service our relocation and investment clients under one brand.”

In addition to real estate, Chestler is passionate about travelling, biking, golfing, and collecting contemporary art.  She sits on the young associate boards of both the Rema Hort Mann Foundation and the Union Settlement as well as the Henry Street Settlements board for their annual Art Show.  In his spare time, Jacobs love to travel, read, play tennis and spend time with his family.

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Sukenik / Glazer Team Leaves Douglas Elliman For Compass

Compass, has announced that leading real estate agents Darren Sukenik and Benjamin Glazer joined the firm in late December. The Sukenik Glazer Team is one of NYC’s top residential teams with more than $5 billion in recent sales. 

Benjamin Glazer.

At their prior firm, Douglas Elliman, The Sukenik Glazer Team was named #1 in Tribeca/ West Village, a top 10 team in NYC from 2008-2018, and consistently ranked among the top-performing teams in the nation by The Wall Street Journal/ REAL Trends. 

“Darren and Ben lead one of the most successful teams not only in NYC, but in the nation, and we are excited to welcome them to the Compass family,” said Rory Golod, New York Regional President. “As team leaders and entrepreneurs, Darren and Ben’s customer-focused approach has driven their incredible track record, and we look forward to fully supporting their goals here at Compass.”

A tour-de-force in the resale sphere, The Sukenik Glazer Team also has seasoned expertise in new development having led sales at some of Manhattan’s most notable projects including 150 Charles, 10 Madison Square West, 111 Murray Street, 17 e 12th Street, 111 Leroy, and 565 Broome. The team also secured record-breaking transactions at Superior Ink (15 sales)  as well as One Morton Square (68 sales.)

Sukenik also owns his own interior design firm, TWENTIETHCENTURY, where he draws upon his fashion background to help clients achieve their ideal aesthetic, and points to the Compass Concierge home improvement program as a way to complement his full-service approach.

Darren Sukenik

“After nearly 20 great years at Douglas Elliman, I felt it was time to make a change and join a company with their pulse on the future of the real estate industry,” said Sukenik. “The Compass Concierge program is a service I know will exponentially benefit my clients and my overall business strategy through my interior design group. It creates so many opportunities I otherwise would not have.”

“The technology and the culture at Compass are also what drew us to the firm,” added Glazer, a luxury sales specialist since 2002. “Compass empowers us to run our team like a small business with incredible support from leadership and marketing on a local and national level.”

The Sukenik Glazer Team will be based out of Compass’ 110 Fifth Avenue office.

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Manhattan Apartment Prices Rebound but Remain in Correction in Fourth Quarter, According to Halstead Market Report

After a rush of closings in June inflated second quarter numbers, leading to depressed third quarter figures, the Manhattan apartment market has returned to levels more reflective of current conditions in the fourth quarter, according to Halstead’s Fourth Quarter 2019 Market Report. 

The average apartment price of $1,857,026 rebounded by 10% after a weak third quarter, but still remained 10% lower than a year ago. Resale apartment closings were down 5% from the fourth quarter of 2018. The Halstead Market Report is based on 2,015 recorded fourth quarter sales, 3% fewer than the same period last year.

The average apartment price of $1,857,026 rebounded by 10% after a weak third quarter, but still remained 10% lower than a year ago. Resale apartment closings were down 5% from the fourth quarter of 2018. The Halstead Market Report is based on 2,015 recorded fourth quarter sales, 3% fewer than the same period last year.

“As we closed out the decade, we saw continued correction mode in the Manhattan market with sellers making necessary reductions to prices, putting them at appropriate levels in the fourth quarter,” said Diane M. Ramirez, Chairman & CEO of Halstead. “We expect to see an active start to 2020, as buyers now have a golden opportunity to make a move with the combination of low mortgage rates, competitive pricing and incredible choice in inventory.”

Other noteworthy findings from Halstead’s Fourth Quarter 2019 Market Report revealed:

• Resale apartment prices averaged $1,467,795, which is 6% lower than 2018’s fourth quarter;

• The average condo price, at $2,756,941, was 12% lower than the same period last year, with only studios seeing an increase in price this year;

• Co-op prices averaged 5% less than last year, as all size categories saw price declines;

• Despite some impressive closings, including a $92.7 million sale at 220 CPS, new development prices were down from a year ago;

• However, the new development median price rose slightly, indicating that while there were fewer high-end closings than a year ago, the middle of the market ticked upward;

• Looking at only co-op resales, the average price across all size categories fell to $1,242,683, a 2% decline from that same period last year;

• Prices for resale condos rebounded sharply after a weak third quarter, but their average price was still 8% lower than last year; studios were the only size category to see an increase in price during this time;  

• Resale apartments sold in the fourth quarter spent an average of 125 days on the market, 11% longer than a year ago;

• Sellers received 96.6% of their last asking price, which was unchanged from 2018’s fourth quarter;

• Both the average and median loft prices per square foot declined compared to the fourth quarter of 2018; and

• The highest percentage of resales in Manhattan was on the East Side at 24.4%, followed by Midtown (34th Street to 59th Street) at 19.0% and Downtown (South of 14th Street) at 18.7%.

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Stephanie Garbarini Named Vice President of Marketing at Douglas Elliman

Stephanie Garbarini

Douglas Elliman, has announced that Stephanie Garbarini, a marketing leader and branding specialist, has been named the firm’s new Vice President of Marketing. In this role, she will b eresponsible for the strategic leadership of Elliman’s fully-integrated national marketing program, and will be the force behind brand creation, brand management and market positioning.

“We are tremendously impressed with Stephanie’s extraordinary talents and her commitment to delivering best-in-class client service,”said Scott Durkin, president and COO of the firm. “She is a powerful marketer and branding expert and her work includes the creation and implementation of many successful campaigns.  We know she will be a tremendous leader and asset to our agents.”

Garbarini’s passion for customer centricity and branded experiences began during her tenure at Chicago’s Regent property, where she was focused on reinventing sales enablement and building  brand loyalty. Her career path led her back to New York City and into the world of retail where she quickly established herself as a digital expert who embraced the power of analytics to help drive decision making across strategy and media. Her New York City tenure includes notable contributions to J. Crew, Liz Claiborne, Barneys, and most recently, the Ascena Retail Group.

“Stephanie’s focus throughout her career has been at the crossroads of fashion, real estate and hospitality,” said Howard M. Lorber, executive chairman of Douglas Elliman Realty, LLC. “This background brings a unique and strategic vision to our brand. We are very happy to have her on board at Elliman.”

“I’m so excited to be a part of the Douglas Elliman family and for the opportunity to work with this powerful global brand,” said Garbarini. “I have always had a passion for real estate, and I look forward to bringing my strengths, knowledge and relationships to the firm. There is so much creative talent here in the marketing division, and I couldn’t not be happier to take on this new challenge.”

Garbarini is an avid runner who also enjoys traveling with her family. She lives in Bronxville and the North Fork of Long Island with her husband and two sons.

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