Michael Liebowitz, the new CEO of Douglas Elliman, emphasizes a different operational approach compared to his predecessor, Howard Lorber. While Lorber was known for his connections and networking skills, Liebowitz focuses on financial oversight and efficiency. He aims to revitalize the brokerage, especially after Lorber's sudden exit. With his background in insurance sales and a commitment to tracking expenses and ROI, Liebowitz seeks to enhance the company's luxury real estate performance amid recent challenges.
"I'm very much an operator, which is a much different thing from Howard. Howard was not an operational person at all."
"I watch the overhead, I watch the expenses. I watch where we're spending money on. I look at return on investment."
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