Blaming slow NYC sales, Elliman reports $10M loss in Q1

UPDATED: May 8, 11:25 a.m.: Citing slow sales in New York City, Douglas Elliman’s losses widened 28 percent during the first quarter, and the New York brokerage will be looking at “substantial” cost-cutting measures, parent company Vector Group said Tuesday. The brokerage — the largest in New York City — lost $10.4 million in the quarter, compared to an $8.1 million loss during the same period last year, Vector reported. The firm pulled in $161.9 […]

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