The Traderszone Network

Published in TZ Latest News 4 November, 2016 by The TZ Newswire Staff

Douglas Elliman posts strong Q3 revenues, but Lorber cautions of market slowdown

Douglas Elliman’s revenue numbers remained strong in the third quarter despite a slowdown in the luxury market, thanks to delayed closings in older new developments. During the three months ending Sept. 30, the company reported $184.5 million in adjusted revenues, down just a sliver from the $185.5 million it reported during the same period in 2015, according to its parent company Vector Group’s quarterly earnings report.

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