After lower than a yr with a growth startup, Caitlin Chagan is returning to Douglas Elliman.
The previous growth advertising government, who left the firm after a decade-long stint, is becoming a member of the brokerage as soon as once more, this time because the president of Douglas Elliman Improvement Advertising and marketing in New York.
“That is actually a homecoming for me,” mentioned Chagan, whose earlier roles at Elliman included managing its Brooklyn portfolio and the Eklund-Gomes Crew’s portfolio. “I left, I explored, and I got here again extra satisfied than ever.”
Chagan exited Elliman in July to function a co-founder and managing companion of Redeavor, a growth advisory agency launched early last year by executives from the Company, Official Companions, ST Residential and Formida Capital. Whereas at Redeavor, Chagan was tasked with heading up the agency’s growth to the New York market.
The agency doesn’t seem to have any lively initiatives within the area, based on its web site. Amongst its initiatives are the Ritz Carlton Residences and Lodge in Houston, Texas, the Pendry Residences in Nashville, The Ainsley in West Hollywood and different developments in California and Las Vegas.
“I left [Elliman] again in July actually to pursue a imaginative and prescient, and that imaginative and prescient was to create the perfect at school companies to my purchasers,” Chagan mentioned. She added that after a number of months with Redeavor, she realized, “the one place that I might have that imaginative and prescient really realized is again right here.”
Mike Leipart, a Redeavor co-founder and managing companion, mentioned in an announcement that he and his companions had been “large followers” of Chagan and “recognize her contributions” to the workforce.
“That is an unimaginable alternative, and we want her continued success as she returns to Douglas Elliman,” Leipart mentioned.
Again at Elliman, Chagan will oversee all New York operations for the agency’s new growth arm, together with leaping in on present initiatives in addition to engaged on the pre-development of upcoming developments within the metropolis, Lengthy Island, the Hamptons and Westchester. Her place as president is a brand new one for the corporate, which is run on a nationwide scale by longtime Elliman government, Susan de França.
Elliman CEO Michael Liebowitz billed Chagan’s transfer as a “large victory” for the agency, which has misplaced a number of of its high brokers and leaders following the abrupt retirement of Elliman’s longtime chief, Howard Lorber, in October 2024. Liebowitz took the helm shortly after with the promise of ushering in a “new era” for the agency.
Liebowitz mentioned that establishing Chagan as a frontrunner within the New York area joins his efforts to double down on the corporate’s growth sector, which he described as Elliman’s “marquee crown jewel.” He added that the agency plans to put money into its New York operations particularly.
“Builders are demanding, and we wish to meet that demand,” Liebowitz mentioned. “I’m bullish on New York. New growth in New York goes to be a lot stronger than individuals consider.”
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