Despite the sluggish market, Douglas Elliman increased both revenue and profits during the third quarter, the firm’s parent company reported Wednesday. Vector Group said the New York-based brokerage had revenue of $211.5 million during the third quarter, up from $190.4 million a year ago. The firm also grew its net income to $10 million, up from $4.2 million during 2017’s third quarter. Overall, Vector’s real estate segment — which also includes its new development investment […]
source https://therealdeal.com/2018/11/07/ellimans-revenue-profit-rise-despite-housing-slowdown/
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