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Engel & Völkers Meets Global Demand for New York City Properties with New Manhattan Brokerage

Tuesday, May 13th, 2014 at 3:40pm Engel & Völkers


Engel & Völkers New York City firmly establishes North America presence and ongoing expansion

Engel & Völkers announced the opening of its newest North American brokerage, Engel & Völkers New York City, located at 430 Park Avenue in Manhattan. “While we have always set our sights on having a New York City brokerage, we wanted to wait until the timing was right in terms of the global market and the leadership involved,” said Christian Völkers, founder and CEO of Engel & Völkers. “The demand for a premium level of service in real estate among North American home buyers and sellers is at a tipping point and we are in a better position to meet that demand with our Manhattan brokerage,” said Anthony Hitt, CEO of Engel & Völkers North America. “Having a brokerage in New York City adds to the strength and effectiveness of our truly connected network throughout North America and worldwide.” Stuart Siegel, who is the president and CEO of Engel & Völkers New York City brings nearly 30 years of experience leading luxury lifestyle, real estate, hospitality and designdriven businesses in New York and abroad. Siegel began his career as one of the first employees at Sotheby’s International Realty in 1981 and served as the firm’s president and CEO from 1991 to 2006, growing the firm substantially prior to its 2004 acquisition by Cendant (now Realogy). From 2006 to 2013, Siegel managed a global advisory firm working primarily in Italy, Switzerland and the Middle East, where he spearheaded highprofile development projects including Castiglion del Bosco, a six-star hotel, culinary school and golf course in Tuscany; and Andermatt Swiss Alps, a fully integrated ski community and resort in Switzerland’s Usern Valley. Joining Siegel is Laura DesMoine, senior vice president of brokerage marketing of Engel & Völkers NYC, also formerly with Sotheby’s International Realty, where she most recently held the position of executive vice president of marketing for the firm’s whollyowned brokerage offices. In that role, DesMoine led the marketing and communications efforts in the acquisition of more than 10 real estate firms, helping the company triple in size in two years. “No other firm in New York has a more globally integrated structure and culture than Engel & Völkers,” said Siegel. “In addition to linking all of their offices seamlessly through technology, events and marketing programs, Engel & Völkers operates six real estate academies around the world. The brand provides our agents the opportunity to access an established platform where they are empowered to think and work globally and grow their business. Agents in New York City are looking for a brand that offers this level of service, global reach and recognition, and we are now here to provide it.” Responding to the greater demand for North American properties among global buyers, the international luxury real estate firm has added additional brokerages in Miami, FL and opened new Engel & Völkers brokerages in Scottsdale, AZ; Las Vegas, NV; San Diego, CA; and Atlanta in GA with shops planned in additional markets in the coming months, including Beverly Hills, CA.

About Engel & Völkers

Since its beginning in 1977 as a specialty boutique providing exclusive, high-end real estate services in Hamburg, Germany, Engel & Völkers has become one of the world’s leading companies specializing in the sale and lease of premium residential and commercial property and yachts. Engel & Völkers currently operates a global network of over 4,600 real estate advisors in 500 residential brokerages and 43 commercial offices spanning 38 countries across six continents, offering both private and institutional clients a professionally tailored range of luxury services. It established its North America corporate headquarters in 2007 and opened its first brokerage in the same year. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and tools; multiple platforms for mobile, social and web; as well as access to its global network of real estate professionals, property listings and market data. Engel & Völkers is an active supporter of the Fair Housing Act and the Equal Opportunity Act. Each brokerage is independently owned and operated.

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For further information please contact:

Charles Kim 212-234-3100

Megan Kivlehan 212.868.1900 x264


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