Howard Hanna has introduced in a brokerage veteran to assist develop its first New York Metropolis department.
Hal Gavzie, who ran Douglas Elliman’s residential leasing for 10 years, is becoming a member of Howard Hanna NYC as its government director of enterprise growth. Howard Hanna, the nation’s largest privately held brokerage, expanded into the town when it acquired Elegran Real Estate in October.
At Howard Hanna NYC, Gavzie can be working intently with CEO Michael Rossi, who based Elegran 18 years in the past, to try to construct the agency’s market share and develop its brokers’ enterprise. Final yr, Elegran, as a part of Forbes World Properties, was the Fifteenth-ranked brokerage by itemizing gross sales quantity in Manhattan, in line with The Actual Deal’s annual rankings.
“[Howard] Hanna’s not right here to hold up a shingle,” Rossi mentioned. “We’re right here to actually make an impression.” He pointed to Gavzie’s “Swiss Military Knife expertise” working throughout Elliman’s leasing and gross sales companies as useful to a agency making an attempt to develop a number of dimensions of the enterprise.
Gavzie, who spent the 15 years earlier than Elliman at Citi Habitats, Corcoran and City Residential, mentioned he’ll even be targeted on “bringing an consciousness to those brokers of the Howard Hanna model.”
Howard Hanna NYC could have some vital floor to make as much as turn into a significant participant within the metropolis’s actual property scene. Brown Harris Stevens, the town’s largest privately-owned brokerage, notched fourth in TRD’s rankings with over $2.1 billion in itemizing gross sales quantity in Manhattan final yr. Elegran did $117 million in itemizing gross sales within the borough.
Gavzie exited Elliman in January, throughout a several-month interval towards the tip of final yr that noticed the agency part ways with a number of executives and different high-ranking workers. Gavzie mentioned that he was wanting ahead to becoming a member of a personal firm that has the luxurious to place “brokers and shoppers first,” relatively than shareholders.
Gavzie’s addition comes after a quick interval final yr the place Elegran misplaced a handful of key gamers and brokers earlier than Howard Hanna’s acquisition, together with managing director Jared Antin who left for Brown Harris Stevens.
“Hiring a senior government from one of many larger corporations speaks to [Howard Hanna’s] dedication” to rising within the metropolis, Rossi mentioned.
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Douglas Elliman’s head of residential leasing exits
Howard Hanna acquires Elegran Real Estate
Four senior employees out at Douglas Elliman after layoffs last week
