‘Million Dollar Listing’ Stars The Altman Brothers Renew Deal at Douglas Elliman (Exclusive)

Mega-selling The Altman Brothers team, known for starring in Bravo’s Million Dollar Listing Los Angeleshas just signed a new, multi-year agreement to stay with their Douglas Elliman Realty brokerage.

Co-founded by brothers Josh and Matt Altman and led by CEO Heather Altman (who is also Josh’s wife), The Altman Brothers have closed more than $2.5 billion in deals in the past 24 months. “That equates to about $4 million a day in sales every day of the year,” Josh Altman says in an exclusive interview with The Hollywood Reporter. “We’ve done almost $1.2 billion in 2022 and $1.5 billion in 2021.” (All told, Douglas Elliman had $42.9 billion in gross sales nationwide in 2022 and $51.2 billion the year before.)

The Altman Brothers – one of the top producing real estate teams in the US and regulars THR‘s list of top Hollywood agents – first joined Douglas Elliman in 2015 (having previously been with Hilton & Hyland), and in 2022 they were ranked as the Real Estate Agency’s Greatest Team of the Year.

“We are super excited. It was a great ride and we didn’t see any reason to change anything,” said Josh about signing their new contract with Elliman. “For us, it’s about the importance of continuing what we’re trying to accomplish, not just locally but globally with real estate, which was our original reason for joining Douglas Elliman. The support they give us is top notch, and we are not the easiest people in the world to deal with due to the number of deals we close. They are always there for us and always behind us.”

Matt Altman added in a statement: “We were one of the first agents to join Douglas Elliman as it expanded into California. As the western region of the company grew, we grew with it.” Heather Altman says, “We consistently have the best tools, the best branding and a great leadership team with an agent-first attitude. Elliman is our home and we look forward to our continued shared success.”

Josh also spoke with THR about changes Million Dollar Listing Los Angeles, where last year Fredrik Eklund of Douglas Elliman and James Harris and David Parnes of The Agency left the show. That put the spotlight on the recently concluded Season 14 and remaining cast members Tracy Tutor, Josh Flagg, and Josh Altman (all of Douglas Elliman).

“Next season is season 15. We’ve had a successful run,” says Josh Altman. “It was fun this [past] season because it was different. It wasn’t just about the real estate, which they had been doing for the first 13 years. It was more about all our relationships together and family life. We have opened up more than before in our homes. I think viewers can expect more of that next season.”

Also in the next season of Million dollar listingexpect to see more of Josh and Heather Altman both at work and at home in Orange County, California.

In 2020, the Altman Brothers expanded their focus to the OC, soon opening a new flagship office at 3700 East Coast Highway in Corona Del Mar. Also, Josh and Heather bought a five-bedroom waterfront home in Newport Beach in recent weeks. “Heather and I bought our dream home,” says Josh, “and we’re thrilled. We’re going to remodel it every day now and will be 50/50 between Newport and LA.

Regarding the Altman Brothers’ new multi-year agreement, Howard M. Lorber, executive chairman of Douglas Elliman, said in a statement: “The Altman Brothers represent the pinnacle of success, and we are fortunate to have them as Elliman agents. calculate. Josh, Matt and Heather are known for selling and marketing some of the world’s most iconic properties. Their uncompromising professionalism and determination have fueled their rapid growth to become one of the most successful teams in Los Angeles real estate year after year. We look forward to their continued growth and success at Douglas Elliman.” Scott Durkin, President and CEO of Douglas Elliman, added, “Josh, Matt and Heather… have changed the real estate game in Los Angeles. Their extensive market knowledge, experience and connections, both nationally and globally, have propelled their tremendous success, and I am confident that they will continue to raise the bar for years to come.”

Among the Altman Brothers’ big sales in recent years are the all-time highest home transaction in Brentwood (where, according to Dirt.com, Scooter Braun spent $65 million on a new construction home in 2021) and the highest sale in Orange County in 2022 ( a $55 million sale Real Housewives of Orange District star Heather Dubrow). Over the years, celebrity clients of the Altman Brothers have included Justin Bieber, James Cameron, Gene Simmons, Alicia Keys, Norman Lear, Kathy Griffin, and Britney Spears.

The team’s deal to stay with Elliman goes against the recent industry trend of top producing agents fleeing established brokers to start their own businesses, such as Oren and Tal Alexander, who left Elliman last year to become Official Partners to form, and a number of Hilton & Hyland agents who left in 2022 to form Carolwood Partners. “We’re not those people who like to go to the latest and greatest company,” says Josh Altman.

When they joined Elliman seven years ago, the team had six agents. Today, the Altman Brothers, who have more than $6 billion in career deals, have grown to about 20 agents in their LA and Orange County offices.

Looking ahead to the remainder of 2023, Josh Altman says the luxury residential real estate sector faces a number of challenges, starting with LA’s ULA measure, which takes effect April 1 and will impose an increased transfer tax, starting at 4 percent, on home sales in the city of $5 million or more.

While luxury home sales fell nationwide in the three months ending January 31, 2023, due in part to high interest rates, Los Angeles saw one of the largest declines in that period, down 55.5 percent year-over-year. Like many LA residents, Altman is concerned that the ULA measure, which will fund affordable housing, will erode sales activity in the high echelons of the LA market.

But he barely counts the city: “Unfortunately, we’ve lost a number of people in recent years to places like Florida, Las Vegas, and Texas because their taxes are much lower. At the end of the day – and I have this conversation all the time with my clients – LA is a lifestyle. Would you rather pay less taxes or have a great life here in California?” Altman says. “LA is LA. It’s one of the places that always gets through what it takes. While everyone is currently figuring out that new tax, everyone will adapt.