Eklund-Gomes Renews 5-12 months Contract With Douglas Elliman

Whereas a number of different high-powered groups have left Douglas Elliman this yr, Fredrik Eklund, John Gomes and Julia Spillman have determined to stick with the New York Metropolis-based agency for an additional 5 years. The group’s 90 brokers have accomplished $4 billion in gross sales this yr.

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Whereas a number of different high-powered groups have left Douglas Elliman this yr, Fredrik Eklund, John Gomes and Julia Spillman have determined to stick with the New York Metropolis-based agency for an additional 5 years.

Frederik Eklund | Douglas Elliman

“The story of the Eklund | Gomes Group at Douglas Elliman is a case examine in how a high crew can thrive when it has the devoted help of a worldwide powerhouse brokerage,” Eklund stated in a written assertion on Tuesday. “With its assets in advertising and marketing, public relations and expertise, Elliman is a formidable platform for exponential development and is essentially answerable for our super success nationwide.”

“It has been an exhilarating experience for us, and Douglas Elliman has been there each step of the way in which, propelling our development and amplifying our successes,” Gomes added. “We’re proud to stay a part of the Elliman household.”

The trio has been with Douglas Elliman for 12 years, increasing its attain from New York Metropolis to 13 markets throughout New York, California, Florida, Texas and Nevada. Regardless of a rough-and-tumble market, the 90-agent crew has earned greater than $4 billion in transaction quantity this yr — $500 million away from its 2021 efficiency.

“The Eklund | Gomes Group is really the gold commonplace for actual property groups,” Douglas Elliman Government Chairman Howard M. Lorber stated of the crew’s contributions. “Within the 12 years they’ve been a part of Douglas Elliman, Fredrik, John and Julia have performed a grasp class in find out how to construct and scale an incomparable model.”

The crew has additionally constantly led in gross fee earnings, the announcement reads, which The Actual Deal estimated is between $120 to $240 million {dollars} per yr — if rumors of a 90 p.c fee cut up are true.

“A former top-producing Elliman agent speculated that Eklund-Gomes are getting properly above a 90 p.c fee cut up,” TRD printed on Wednesday. “That places its gross fee earnings at $120 million-$240 million relying on whether or not it did one or each side of every deal. A 90 p.c cut up means Elliman would take roughly $12 million to $24 million.”

The agency stated the Eklund | Gomes Group has set the stage for a stellar 2023, with the launch of a brand new 10,000-square-foot flagship location in New York Metropolis’s West Village and a bevy of latest improvement offers, which embrace unique nationwide and worldwide advertising and marketing rights for 4 Seasons Personal Residences Lake Austin.

“In terms of cultivating and supporting groups, Douglas Elliman is in a category of its personal,” Spillman stated. “The Eklund | Gomes Group could be very a lot at dwelling right here.”

This yr has been a combined bag for Douglas Elliman, which has confronted intensifying recruiting strain from its contemporaries.

Tal and Oren Alexander left to create their very own agency underneath Aspect, former executives Brad Loe and Steven James have been steadily recruiting top-producing brokers to their new dwelling at Berkshire Hathaway HomeServices, and Eklund | Gomes additionally misplaced one among its greatest improvement consultants to Corcoran.

However, Douglas Elliman has been in a position to pull expertise from opponents, together with Brown Harris Stevens and Christie’s Worldwide Actual Property and efficiently launch operations in Boston, Washington, D.C.; Arlington, Virginia; and Bethesda, Maryland, even because it handled declining income in the course of the third quarter.

“There’s a purpose why Eklund | Gomes is likely one of the most seen actual property groups on the planet,” CEO Scott Durkin stated of the buoy this announcement provides to the Douglas Elliman model heading into 2023. “Their understanding of media and advertising and marketing and their skill to leverage new applied sciences and platforms to guide the dialog are unequalled.”

“Actually, the sunshine that shines on them displays on the whole Elliman neighborhood.”

E mail Marian McPherson

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