Stephen Kotler, who has been with Douglas Elliman since 1991, is stepping down as head of the West Coast operations as the company undergoes substantial changes in leadership and structure. CEO Michael Liebowitz expressed gratitude for Kotler's lasting contributions in an internal memo. Alongside Kotler's departure, the company is closing offices in Malibu and Pasadena. This transition comes shortly after the announcement of CEO Howard Lorber's retirement and the dismissal of Scott Durkin, signaling a turbulent period for the firm as it refreshes its leadership.
We are deeply grateful for Stephen's leadership and the lasting impact he has made at Douglas Elliman, wrote in an internal memo obtained by The Real Deal.
During his time at the helm of Douglas Elliman's western region, the brokerage acquired Teles Properties, adding 21 offices and more than 600 California agents.
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