Douglas Elliman CEO Dottie Herman — who partnered with Howard Lorber 15 years ago to buy New York City’s largest residential brokerage — is selling her stake in the firm. Herman will retain her spot on the management team, according to Elliman’s parent company, Vector Group, which is purchasing her 29 percent interest, it said Monday afternoon. Vector, which is controlled by Lorber, already owned 70.59 percent of Douglas Elliman. Terms of Herman’s buyout weren’t […]
source https://therealdeal.com/2018/12/31/dottie-herman-sells-her-stake-in-douglas-elliman/
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