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The Nassimi Group Hitches Its Wagon To Douglas Elliman | Inman

Previously an unbiased brokerage, The Nassimi Group has relinquished its indie standing to develop into a 10-person group below Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in gross sales quantity.

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The previous unbiased luxurious brokerage The Nassimi Group has relinquished its indie standing to develop into a 10-person group below Douglas Elliman, the brokerage introduced on Friday.

Howard M. Lorber | Douglas Elliman

The agency, which was based in 2007 by Richard Nassimi, has a scope of operations that extends throughout New York, Florida, Nevada, California, Europe and Asia. Now with its affiliation with Douglas Elliman, the group will function out of the brokerage’s workplace on Madison Avenue in Manhattan.

“Richard has lengthy been a power in actual property,” Howard M. Lorber, govt chairman of Douglas Elliman, mentioned in an announcement. “We welcome his group’s experience in worldwide gross sales, and we’re assured he’ll solely construct on his success right here at Elliman.”

The Nassimi Group has closed over $1 billion in gross sales quantity throughout industrial and residential offers over the course of Nassimi’s 16-year profession. In 2022, he closed roughly $80 million in gross sales quantity, and his priciest deal thus far was a 20-year industrial lease for Hyundai Genesis at over $200 million.

Scott Durkin | Douglas Elliman

“We’re proud to welcome Richard and his gifted group members to the Elliman group,” Scott Durkin, president and CEO of Douglas Elliman, mentioned in an announcement. “Having led his personal agency, Richard has a useful sense of the market. As a brokerage that champions entrepreneurship, we all know he’ll really feel proper at dwelling right here.”

The group’s focus whereas at Douglas Elliman will likely be luxurious apartment gross sales, land developments and industrial offers, in keeping with an announcement from the brokerage. For the reason that begin of 2023, the group has signed $30 million in unique gross sales listings throughout each industrial and residential markets.

Richard Nassimi | Douglas Elliman

“I’m grateful for Howard and Scott’s management over time and sit up for becoming a member of the Elliman ranks,” Nassimi mentioned in an announcement. “Douglas Elliman’s unique partnership with the London-based agency Knight Frank will enable me to higher service my worldwide clientele and construct a good larger international property community. My group and I sit up for drawing on the assist and experience of the agency’s first-class sources in expertise, advertising and marketing and public relations.”

Previous to getting into actual property, Nassimi labored in treasured stones and eating/hospitality as a restaurant supervisor. Whereas working in these careers, he accomplished renovation initiatives in Lengthy Island on the aspect, fostering his curiosity in actual property. He’s a local of Milan, Italy, and has lived in New York for in regards to the final 25 years.

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