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Altman Brothers Team Signs New Contract With Douglas Elliman

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

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The Altman Brothers Crew, 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 staff is understood for his or her look on Bravo’s “Million Greenback Itemizing Los Angeles” and has persistently been one in every of Douglas Elliman’s top-performing groups. Because the starting of 2021, The Altman Brothers Crew 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 symbolize the head of success and we’re lucky to rely them as Elliman brokers,” Howard M. Lorber, govt chairman of Douglas Elliman, mentioned in an announcement. “Josh, Matt and Heather are identified for promoting and advertising a number of the world’s most iconic properties. Their uncompromising professionalism and tenacious drive has fueled their speedy rise to develop into one of the crucial profitable groups in Los Angeles actual property, yr after yr. We sit up for their continued development 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, mentioned in an announcement. “With million-dollar transactions on their desk every day, they’ve modified the sport of Los Angeles actual property. Their in depth 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 come back.”

Douglas Elliman’s unmatched assist of their staff paired with its actually world attain — notably as a result of its partnership with London-based Knight Frank — made the choice to signal a brand new multi-year cope with the agency a no brainer, Josh Altman instructed Inman.

Josh Altman

“We have now a really well-known model, globally — in fact, we actually had each possibility on the market with a purpose to do no matter subsequent transfer we needed,” Altman mentioned. “However on the finish of the day, it got here right down to the truth that the assist that we get on each stage, and in each facet of our enterprise, confirmed us loyalty from [Douglas Elliman], and we recognize that.”

Matt Altman

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

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

Heather Altman

The staff closed the priciest sale in Orange County final yr with a $55 million property in Crystal Cove, which can be the third most costly sale to ever hit Orange County.

The Altman Brothers Crew can 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 assist in us increasing to the Newport Seashore workplace,” Josh Altman added.

Stephen Kotler

“The Altmans are a pressure 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, mentioned in an announcement. “I’m extraordinarily pleased with them and sit up for our subsequent chapter stuffed with extra enlargement, extra worth data and extra private bests.”

“Douglas Elliman is a category aside on the subject of fostering and supporting groups like ours,” Heather Altman mentioned. “We’re continuously empowered with the very best instruments, the very best branding and a superb management staff with an agent-first angle. Elliman is our residence, and we sit up for our continued, shared success.”

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E-mail Lillian Dickerson