Friday, 30 May 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > Real Estate > Stephen Kotler steps down as Western Area CEO at Elliman
Real Estate

Stephen Kotler steps down as Western Area CEO at Elliman

Enspirers | Editorial Board
Share
Stephen Kotler steps down as Western Area CEO at Elliman
SHARE

Kotler has been with Douglas Elliman for greater than 30 years, and can now return to work in gross sales alongside his brother and son on the Kotler Staff in New York Metropolis following a tumultuous interval for western operations.

Flip up the amount in your actual property success at Inman On Tour: Nashville! Join with business trailblazers and top-tier audio system to achieve highly effective insights, cutting-edge methods, and invaluable connections. Elevate your corporation and obtain your boldest objectives — all with Music Metropolis magic. Register now.

After a tumultuous few months of coping with lawsuits from former disgruntled workers, Douglas Elliman Western Area CEO Stephen Kotler has stepped down from his government position on the brokerage, in response to an inner memo from Douglas Elliman, Inc. President and CEO Michael Liebowitz that Inman has reviewed.

Stephen H. Kotler | Douglas Elliman

Kotler will stay at Douglas Elliman and be part of the Kotler Staff in New York Metropolis, which incorporates Kotler’s son, Max, and his brother, Michael.

“We are deeply grateful for Stephen’s leadership and the lasting impact he has made at Douglas Elliman,” Liebowitz wrote.

Representatives for Douglas Elliman couldn’t be reached for remark.

In October, Kotler and Douglas Elliman’s California brokerage turned the recipients of two lawsuits, one from former Newport Seashore workplace Government Supervisor of Gross sales Christina Carrillo and the opposite from former Portfolio Escrow president Invoice Grasska. Portfolio Escrow is an escrow firm Douglas Elliman acquired in 2020.

Christi Carrillo | IS Luxurious

Carrillo’s lawsuit alleged that credit had not been reported on closing statements in an effort to inflate the commissions of sure brokers, and known as out The Altman Brothers for receiving preferential therapy, in addition to poaching purchasers from different brokers’ lively listings. Carrillo moreover accused Kotler of sexual harassment and retaliation. Elliman mentioned it had by no means acquired any complaints of sexual harassment from Carrillo whereas she was with the agency. The lawsuit is constant to maneuver by means of the courtroom. Elliman and Kotler’s current request to vary the venue from LA County to Orange County courtroom was denied on Tuesday, and the defendants should reply to Carrillo’s grievance by Feb. 24.

Grasska’s lawsuit made comparable allegations about altered closing statements, claiming that Douglas Elliman executives requested managers at Portfolio Escrow to “inflate a closing statement to allow the Altmans to earn more commissions.” Star dealer Jason Oppenheim was additionally implicated, though anonymously, in Grasska’s lawsuit for partaking in an “illegal kickback” scheme, Inman uncovered in December. Elliman additionally hit Grasska again with a countersuit, alleging he engaged in kickbacks of his personal, made private fees on an organization bank card and violated his non-compete with Elliman by making a 1031 trade known as Sienna Monetary.

Invoice Grasska | Riviera Monetary Companions

Grasska’s and Douglas Elliman’s lawsuits had been settled on the finish of December. The phrases of the settlement weren’t made public.

Within the memo about Kotler’s transfer, Liebowitz additionally introduced new management within the area. Invoice Begert is stepping in as COO of the Western Area. Paul Hernandez has been named president of brokerage in California and Nevada, whereas Catherine Lee will function president of brokerage in Texas and Joshua Saslove will likely be president of brokerage in Colorado. Liebowitz mentioned the brand new leaders would report on to him and make selections about recruitment, retention and advertising particular to their areas.

“This transition marks an exciting opportunity to advance our vision of creating an entrepreneurial, agent-centric brokerage of the future,” the memo continues. “Our new structure will enable faster, localized decision-making, support targeted growth in luxury markets, and enhance our recruitment and retention initiatives.”

Michael S. Liebowitz | Douglas Elliman

Liebowitz’s memo echoed sentiments he expressed throughout his first-ever look at Inman Join New York in January, throughout which he talked about that the agency was transferring towards extra localized operations that may give extra management energy to people on the helm of its particular areas, leading to a sort of hybrid brokerage mannequin.

Kotler’s transfer away from the manager house at Douglas Elliman is simply the most recent in a sequence of high-profile shakeups on the agency. Liebowitz took the helm after longtime CEO and chairman Howard Lorber instantly retired in October, an announcement that was shortly adopted by former brokerage president and CEO Scott Durkin’s termination, which was revealed in a SEC submitting.

Longtime agent and Million Greenback Itemizing LA star Tracy Tutor additionally left the agency, alongside along with her crew, for Compass in January.

All of this occurred amidst the backdrop of intensifying investigations into Tal and Oren Alexander, prime luxurious brokers who had been affiliated with Douglas Elliman from about 2012-2022, after which they launched Official Companions with Aspect. The brothers had been arrested on intercourse trafficking fees in December, and can stay in federal custody till their trial, which has not but been scheduled. Douglas Elliman reportedly cooperated with federal investigators in offering them with any documentation associated to the brothers whereas they had been affiliated with the agency, in response to a report in December from Bloomberg.

Kotler joined Douglas Elliman greater than 30 years in the past as an agent in New York Metropolis. He first began in administration whereas nonetheless in New York, then in the end was known as on to assist spearhead new growth in California, and most just lately spent most of his time as CEO of the Western Area in Texas, the place the brokerage launched in 2019.

Get Inman’s Luxurious Lens E-newsletter delivered proper to your inbox. A weekly deep dive into the largest information on the earth of high-end actual property delivered each Friday. Click on right here to subscribe.

E mail Lillian Dickerson

TAGGED:CEOEllimanKotlerregionStephenStepsWestern
Share This Article
Twitter Email Copy Link Print
Previous Article Elijah Wooden Is Formally Married Elijah Wooden Is Formally Married
Next Article Brad Pitt and Tom Cruise Becoming a member of Tremendous Bowl Pregame for FOX Brad Pitt and Tom Cruise Becoming a member of Tremendous Bowl Pregame for FOX

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

WHO believes COVID getting worse, not better in North Korea

LONDON (AP) — A top official at the World Health Organization said the U.N. health…

By Enspirers | Editorial Board

Sting warns of threats to democracy during Warsaw concert 

Sting shared an urgent political message during a concert in Warsaw, Poland on Saturday.The singer…

By Enspirers | Editorial Board

Nevada court fights raise caution flags on green energy push

RENO, Nev. (AP) — Opposition from friends, not foes, is creating potential roadblocks to President…

By Enspirers | Editorial Board

Putin to meet with Iran, day after US warned Tehran may provide Moscow with drones: Live Ukraine updates

Russian President Vladimir Putin announced he will visit Iran next week, one day after the…

By Enspirers | Editorial Board

You Might Also Like

High Florida brokers say collaboration is a key to success
Real Estate

High Florida brokers say collaboration is a key to success

By Enspirers | Editorial Board
C21 and Institute for Luxurious House Advertising and marketing associate
Real Estate

C21 and Institute for Luxurious House Advertising and marketing associate

By Enspirers | Editorial Board
25 Slack smarter productiveness suggestions for actual property brokers
Real Estate

25 Slack smarter productiveness suggestions for actual property brokers

By Enspirers | Editorial Board
A brand new-agent information to the Clear Cooperation Coverage
Real Estate

A brand new-agent information to the Clear Cooperation Coverage

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?