Altman Brothers Team Signs New Contract With Douglas Elliman

The crew closed the priciest sale in Orange County final 12 months with a $55 million property in Crystal Cove and was named the No. 1 giant crew nationwide within the 2023 Ellie Awards. Phrases of the contract weren’t disclosed.

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The Altman Brothers Workforce, a fixture of Orange County luxurious actual property, has signed on to a brand new multi-year contract with Douglas Elliman, the agency introduced on Thursday.

Howard Lorber

Led by Josh, Matt and Heather Altman, the crew is thought for his or her look on Bravo’s “Million Greenback Itemizing Los Angeles” and has constantly been one among Douglas Elliman’s top-performing groups. For the reason that starting of 2021, The Altman Brothers Workforce has introduced in $3.6 billion in transactions, and within the final 24 months alone has introduced in additional than $2.5 billion, averaging roughly $100 million per thirty days in gross sales.

Josh Altman instructed Inman the phrases of the brand new contract — together with what number of years it could final — couldn’t be disclosed.

“The Altman Brothers signify the head of success and we’re lucky to depend them as Elliman brokers,” Howard M. Lorber, government chairman of Douglas Elliman, stated in an announcement. “Josh, Matt and Heather are recognized for promoting and advertising among the world’s most iconic properties. Their uncompromising professionalism and tenacious drive has fueled their speedy rise to change into one of the profitable groups in Los Angeles actual property, 12 months after 12 months. We look ahead to their continued progress and success at Douglas Elliman.”

Scott Durkin

“With over two billion {dollars} in gross sales quantity for 2 consecutive years, Josh, Matt and Heather have blazed new trails and reached uncommon heights in residential actual property gross sales,” Scott Durkin, president and CEO of Douglas Elliman Realty, stated in an announcement. “With million-dollar transactions on their desk every day, they’ve modified the sport of Los Angeles actual property. Their intensive market data, expertise and connections, each nationally and globally, have propelled their large success, and I’m assured that they’ll proceed to boost the bar within the years to return.”

Douglas Elliman’s unmatched help of their crew paired with its actually world attain — notably resulting from its partnership with London-based Knight Frank — made the choice to signal a brand new multi-year take care of the agency a no brainer, Josh Altman instructed Inman.

Josh Altman

“We’ve a really well-known model, globally — in fact, we actually had each choice on the market with a purpose to do no matter subsequent transfer we wished,” Altman stated. “However on the finish of the day, it got here all the way down to the truth that the help that we get on each stage, and in each side of our enterprise, confirmed us loyalty from [Douglas Elliman], and we admire that.”

Matt Altman

The Altman Brothers Workforce joined Douglas Elliman in 2015 when the brokerage first started increasing into California. The agency honored the crew in 2023 because the No. 1 giant crew nationwide in its annual Ellie Awards, which acknowledges top-producing brokers.

“We had been among the many first brokers to affix Douglas Elliman when it expanded to California,” Matt Altman stated in an announcement. “Because the agency’s Western Area grew, we grew proper together with it. Now, as we enter this new section of our journey with Elliman, we’re actually simply getting began!”

Heather Altman

The crew closed the priciest sale in Orange County final 12 months with a $55 million property in Crystal Cove, which can also be the third costliest sale to ever hit Orange County.

The Altman Brothers Workforce can also be within the strategy of launching a model new workplace in Newport Seashore within the neighborhood of Corona Del Mar, which marks its second standalone location in California. “They’ve been an enormous help in us increasing to the Newport Seashore workplace,” Josh Altman added.

Stephen Kotler

“The Altmans are a power to reckon with and it has been a privilege to companion with Josh, Matt and Heather as they proceed to scale their enterprise to even larger heights,” Stephen H. Kotler, CEO of Douglas Elliman Realty’s Western Area, stated in an announcement. “I’m extraordinarily pleased with them and look ahead to our subsequent chapter stuffed with extra enlargement, extra worth information and extra private bests.”

“Douglas Elliman is a category aside relating to fostering and supporting groups like ours,” Heather Altman stated. “We’re continually empowered with the perfect instruments, the perfect branding and a superb management crew with an agent-first angle. Elliman is our residence, and we look ahead to our continued, shared success.”

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