Alexander brothers charged with sex trafficking in fed indictment
The months-long legal battle the Alexander brothers faced against several women who alleged sexual assault came to a head on Wednesday with their arrests in the wake of an FBI probe
by Lillian Dickerson Dec 11
Side files restraining order against Alexander brothers in new action
The temporary restraining order alleges that Tal and Oren Alexander moved the underlying collateral on a loan that the firm extended to Official Partners 2 years ago
Howard Lorber disclosed broker relationships in board investigation
Before his retirement, Lorber allegedly underwent a 5-hour-long internal inquiry, Bloomberg reported, during which he revealed relationships with Jennine Gourin and Jessica Cohen
Douglas Elliman sees revenue inch upward after tumultuous Q3
New company CEO Michael Liebowitz stressed in an investors call Thursday morning that Douglas Elliman is seeking to diversify its revenue streams and increase ROI as it enters a 'new era'
Elliman's California business faces lawsuits alleging kickbacks
The allegations launched by 2 former employees claim that closing statements had been altered to bump up agent commissions, with a particular bias in favor of the Altman Brothers
Scott Durkin terminated from Elliman days after Lorber's exit
Durkin's departure was announced in an SEC filing and came after reports emerged about the nature of Howard Lorber's recent retirement, which was allegedly pressured by the board
by Lillian Dickerson Oct 28
Douglas Elliman CEO Howard Lorber announces retirement
Lorber had served as chairman since 2003 but in the months leading up to his retirement faced scrutiny following a pattern of financial losses and the Alexander brothers scandal
by Lillian Dickerson Oct 22
Side sues embattled Alexander brothers, citing breach of contract
After facing a series of lawsuits this summer from women alleging assault, the Alexanders are now contending with a new legal action against them from Side, which had backed their luxury firm
by Lillian Dickerson Oct 15
Isaac Lustgarten leaves Official for The Corcoran Group
Luxury broker is the latest to leave embattled Official in the wake of multiple lawsuits alleging the Alexanders committed sexual assault. Lustgarten has closed more than $250M in career sales
Brett Miles returns to Brown Harris Stevens after exiting Official
The broker and new development expert first started his real estate career at Brown Harris Stevens. In March, he had been tapped by Official to serve as a founding agent in New York City
by Lillian Dickerson Sep 24
Official's cofounder split: Alleged threats and a scramble to rebrand
As Nicole Oge and partners sought to start fresh, Tal and Oren Alexander allegedly threatened legal action if voted out of the firm, The Real Deal reported. The Alexanders deny the allegation
by Lillian Dickerson Aug 28
Howard Lorber still in stockholders' good graces after annual meeting
The CEO of Douglas Elliman was elected a director of the company alongside David K. Chene and Patrick J. Bartels, much to the dismay of some disgruntled stockholders
by Lillian Dickerson Aug 21
Defiant Alexanders signal return to Official following cofounder exits
Tal and Oren Alexander are reportedly preparing a return to the public eye, now that Nicole Oge, Richard Jordan and Andrew Wachtfogel have left, despite ongoing lawsuits against the brothers
by Lillian Dickerson Aug 20
Elliman shareholder's demands gain traction from advisory firms
Two weeks after Brad Tirpak sent a shareholders' letter seeking votes against chairman Howard Lorber, advisory firms Glass Lewis and ISS are echoing the vocal investor's recommendations
by Lillian Dickerson Aug 14
Alexanders left to pick up pieces of Official after other co-founders exit
After unsuccessful negotiation attempts with Oren and Tal, Chief Growth Officer Nicole Oge, CEO Richard Jordan and President of New Development Andrew Wachtfogel are 'forfeiting ownership'
by Lillian Dickerson Aug 13