Douglas Elliman Inc. has announced the retirement of its Chief Executive Officer, Howard Lorber. The real estate brokerage, known for its operations in major markets such as New York and Washington, will see board member Michael Liebowitz step into the role of chairman and CEO.

Liebowitz, 55, brings a wealth of experience to the position, as the company transitions leadership amidst a dynamic real estate landscape.

The new leadership change comes at a crucial time for Douglas Elliman Inc., as the real estate industry continues to evolve and adapt to changing market conditions. With Liebowitz's extensive knowledge and expertise, the company is well-positioned to navigate these challenges and continue its success in major markets.