Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today that The Michael Lorber Team, one of the firm’s leading teams in New York City and the Hamptons, has officially expanded its business into the vital South Florida market, where it will begin servicing clients in Palm Beach.

Co-founded by Michael Lorber and Alexander Boriskin, the award-winning team is ranked #3 team in the Hamptons, #6 in New York City and #7 in the country. In addition to over $2 billion in closed deals to date, the team has earned a sterling reputation for superior customer service and record-breaking sales.

The team’s newly formed Florida contingent includes Adam Hofer, based in the Hamptons and Palm Beach, Palm Beach natives Chris Callahan and Liz Callahan, who were previously at Brown Harris Stevens, and Nathaniel Falcone, a New York native with family ties in Palm Beach.

“Michael and Alexander have done an astounding job of building a dominant team of real estate experts throughout New York City, Hamptons and New Jersey,” said Scott Durkin, President and Chief Executive Officer of Douglas Elliman Realty. “Their expansion into Palm Beach is a significant move that will target the robust market of buyers and sellers who want to be on the island. I am confident that this team will achieve record-breaking results.” “

The Michael Lorber Team’s move into the Palm Beach market comes as no surprise,” said Jay Phillip Parker, CEO of Brokerage, Florida Region, Douglas Elliman, and President of Douglas Elliman Development Marketing, Florida. “For years, Michael and Alexander have referred several powerful transactions to our Florida associates, and we are thrilled to see what this team will accomplish now that they have officially planted roots in the Palm Beach market.

To celebrate their arrival in Palm Beach and continued expansion, The Michael Lorber Team will gather at the C+C Gallery on February 1 for an intimate gathering with friends, colleagues and clientele.

“Having been a longtime resident of Palm Beach Island and being involved in many significant residential and new development transactions, expanding the team was inevitable,” said Michael Lorber. “It was important for us to offer a frictionless experience at the highest level of service in a market where our clients are and aspire to be.”

“We are always looking for ways to better serve our sellers and buyers,” added Alexander Boriskin. “With so many of our clients looking to invest in the South Florida market, this was the natural move for us.”

Hofer, who oversees the team’s Hamptons arm, fell in love with Palm Beach while on vacation, so much so he ended up purchasing a home there the following year. Spending more time in the area, Hofer saw a need for an expansion to service many of his Hamptons clients who were interested in investing on the Island. “This gives us the opportunity to seamlessly service our respected clientele who share the same interest and love as we do for the lifestyle that South Florida has to offer,” said Hofer.

Lorber paved his success in real estate sales after procuring hundreds of millions of dollars of real estate transactions as an attorney. He joined Douglas Elliman in 2006 and has since earned coveted industry and press recognition, including starring in the first season of Bravo’s Million Dollar Listing New York.

Boriskin has overseen more than $2 billion in sales and broken price records in buildings across New York City. Beyond Manhattan, his successful track record of sales extends to the Brooklyn and Hamptons markets as well as an extensive network in Miami and Palm Beach. With expertise that includes a profound understanding of changing markets, he is frequently quoted as a reliable source in the news media.

In addition to substantial success with residential resales, both Lorber and Boriskin have overseen numerous new development projects, including consulting on floor plans, finishes, amenities, pricing and innovative marketing strategies that lead to sell out.

The Michael Lorber Team will be based out of Elliman’s Palm Beach office located at 340 Royal Poinciana Way.

Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman”) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, D.C. In addition,
Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate
services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman Realty is available on its website, www.elliman.com.