Despite an uptick in revenue, Douglas Elliman’s losses widened 28 percent during the first quarter, thanks to New York’s “challenging” sales climate, parent company Vector Group said Tuesday. The brokerage — the largest in New York City — lost $10.4 million in the quarter, compared to an $8.1 million loss during the same period last year, Vector reported. The firm pulled in $161.9 million in first-quarter revenue, up 1.5 percent from $159.4 million in 2018. […]
source https://therealdeal.com/2019/05/07/blaming-slow-nyc-sales-elliman-reports-10m-loss-in-q1/
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