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Michigan Post > Blog > Real Estate > Howard Lorber revealed dealer relationships in investigation
Real Estate

Howard Lorber revealed dealer relationships in investigation

By Editorial Board Published November 7, 2024 7 Min Read
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Howard Lorber revealed dealer relationships in investigation

Upfront of his retirement from the agency, Lorber allegedly underwent a five-hour-long inside inquiry, Bloomberg reported, throughout which he disclosed intimate relationships with brokers Jennine Gourin and Jessica Cohen.

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Former chairman, president and CEO of Douglas Elliman Inc. Howard Lorber reportedly disclosed he had had intimate relationships with two of the agency’s feminine brokers throughout his tenure as the corporate’s chief, throughout an interview by a particular committee of the board upfront of his retirement about two weeks in the past.

Lorber’s retirement announcement was made on Oct. 22, at which level the agency additionally introduced that board director Michael Liebowitz can be appointed as the brand new chairman and CEO.

Throughout a five-hour-long inside inquiry by way of videoconference on Oct. 8, Lorber was questioned by legal professionals employed by a particular committee of the board of administrators about his private life and allegations of sexual harassment on the brokerage, Bloomberg reported on Thursday. Beforehand, the board decided that an inside evaluate that had been carried out by Douglas Elliman lawyer Marc Kasowitz, who can be Lorber’s lawyer and pal, was not adequately neutral.

Howard Lorber revealed dealer relationships in investigation

Jennine Gourin | Douglas Elliman

Legal professionals for Lorber didn’t instantly reply to Inman’s request for remark.

In its assertion asserting Lorber’s retirement, Douglas Elliman thanked him for his “strategic vision and years of dedication and hard work.” A submitting with the SEC stated that his departure “was not due to any disagreement with the company on any matter relating to the company’s operations, policies or practices.”

In response to Douglass Maynard, one other lawyer representing Lorber, Elliman doesn’t have an organization coverage in opposition to consensual relationships between workers and impartial brokers.

Douglas Elliman declined to touch upon the revelation of Lorber’s relationships with Gourin and Cohen to Inman.

Gourin attended the Hampton Traditional Horse present with Lorber in 2013, The New York Put up reported, and the Southampton Hospital profit in 2014, The Wall Avenue Journal reported, in addition to different occasions. Throughout these two years, Gourin closed greater than half 1,000,000 in commissions, based on information Maynard offered to Bloomberg, which elevated her to the top-earning chairman’s circle.

Screen Shot 2024 11 07 at 11.36.49 AM e1731004711135

Jessica Cohen | Douglas Elliman

“When asked, Mr. Lorber on occasion recommended Ms. Gourin, as he has done with hundreds of other agents, both male and female,” Maynard informed Bloomberg, when requested if Lorber had ever referred Gourin for listings.

Gourin didn’t instantly reply to a request for remark.

The opposite dealer Lorber named as somebody he had been in a relationship with was Jessica Cohen, whose identify surfaced earlier this 12 months in relation to sexual assault and rape claims made in opposition to long-time Elliman brokers and Official cofounders Tal and Oren Alexander.

Cohen informed The New York Instances earlier this 12 months that she had had a drink with the Alexander brothers at a celebration in Manhattan in 2010, and hours later awakened in Mount Sinai West Hospital, unable to recall particulars of what had occurred to her. A medical report from that evening reveals {that a} bystander had discovered her alone on the street and known as 911.

Two years after the incident occurred and after Cohen had tried to piece collectively what occurred that evening with different Douglas Elliman colleagues, Cohen informed Lorber in confidence over a recreation of chess that she believed she had been drugged by Tal and Oren Alexander. Cohen requested Lorber to maintain the incident a secret out of worry of retaliation by the Alexanders, and subsequently, no formal HR criticism was ever issued, Elliman representatives stated.

“Over at least a decade ago, a broker told a senior executive about having blacked out at a social event,” Douglas Elliman reps stated in an announcement issued in July. “She said that she did not know what, if anything, happened, she did not specify who may have been involved, and she insisted on absolute confidentiality. Douglas Elliman respected her wishes, and she has been a valued colleague at the company since then.”

Michael Willemin, an legal professional representing Cohen, stated the concept Cohen had a romantic relationship with Lorber, or that any alleged relationship made it simpler for her to grow to be a high agent, was “categorically false.”

Nonetheless, Maynard informed Bloomberg that such claims are “flatly contradicted by what she told numerous people both orally and in writing over many years.”

Only a few days after Douglas Elliman introduced Lorber’s retirement, former brokerage President and CEO Scott Durkin was terminated, based on a submitting made with the SEC. Richard Ferrari, who had headed brokerage operations in New York Metropolis and the Northeast stepped into Durkin’s previous place.

The brokerage reported a modest annual enhance in its income throughout a third-quarter earnings name on Thursday morning, as Liebowitz confused a renewed give attention to exploring acquisitions in ancillary providers in an effort to enhance the agency’s backside line.

Liebowitz additionally appeared desirous to characterize the brand new quarter as the beginning of a “new era” for the brokerage, including that “the best days at Douglas Elliman are truly ahead of us.”

Electronic mail Lillian Dickerson

TAGGED:BrokerHowardinvestigationLorberrelationshipsrevealed
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