Stephen Kotler is resigning from his role as CEO of Douglas Elliman's Western region, a move amid ongoing restructuring within the company. Kotler's departure follows months of speculation and internal turmoil, particularly in California where the firm is based. Elliman will close its Malibu and Pasadena offices, reducing its presence to nine locations in the state. Kotler has been with Elliman since 1991 and significantly developed its Western business, including the acquisition of Teles Properties, which expanded the brokerage's California operations substantially. The management transition comes under new CEO Michael Liebowitz, following Howard Lorber's retirement amid scrutiny of corporate culture.
Elliman also plans to shutter two offices: one in Malibu on Pacific Coast Highway and the other in Pasadena, leaving the brokerage with nine offices in the state.
Kotler was credited with growing Elliman's Western region, initially in Aspen and Los Angeles, overseeing the acquisition of Teles Properties in 2017.
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