Dottie Herman will pocket $40 million by selling her stake in Douglas Elliman. Depending on who you ask, she either made out like a bandit or sold for a song. Either way, the deal for Herman’s 29 percent stake pulls back the curtain on how much Elliman is worth. And the numbers don’t bode too well for the residential-brokerage business. If Herman sold her stake at a fair price to her business partner Howard Lorber, […]
source https://therealdeal.com/2019/01/03/what-is-douglas-elliman-worth/
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