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Douglas Elliman Property Management Suffers Data Breach

Douglas Elliman chairman Howard Lorber (Getty, iStock, Illustration by Kevin Rebong for The Real Deal) Thousands of New York residents who live in buildings run by Douglas Elliman’s property management arm may have had their personal information compromised this month. Douglas Elliman Property Management’s three managing directors emailed hundreds of co-operative and condominium boards Monday to advise them that the company’s IT network which contains data for its buildings’ residents and employees was breached and their personal information may have been compromised. In the message viewed by The Real Deal, executives said the firm detected “suspicious activity” on its IT systems April 7. After launching an investigation and contacting law enforcement, Elliman determined that an “unauthorized party” gained access to its IT network between April 5 and April 7 and including files containing owners’ and employees’ personal data. A source with knowledge of th

Elliman Reports 50% Revenue Gain, $14M Profit in Q4 2020

Douglas Elliman chairman Howard Lorber (Getty) Resilience and rebound were Howard Lorber’s themes as he announced Douglas Elliman’s performance for the final quarter of 2020. “We’re feeling very good about New York at this particular time,” said Lorber, Elliman’s executive chairman and CEO of its parent, Vector Group, on the latter’s fourth quarter earnings call. “It definitely stabilized.” The city’s sluggish sales market, which historically accounts for about 70 percent of Elliman’s revenues, had been dragging down the firm’s business since the onset of the pandemic even as sales surged in Florida and the Hamptons.

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