MIAMI—At Douglas Elliman, they lost one andgained one. Power broker Horacio LeDon, presidentof Douglas Elliman Development Marketing forFlorida and California, has resigned. Meanwhile, real estatepowerhouse Eloy Carmenate has joined the firm asexecutive director.

LeDon, known for a 13-year career selling billions of dollars innew development deals in New York, Miami and LA, said he's pursuinghis own development opportunities. Still, he will remain licensedas a real estate broker with Douglas in the New York, Californiaand Florida offices.

“I am lucky to have been given the opportunity to work withSusan de França, who has been a game changer forDouglas Elliman,” LeDon says. "I was surrounded by such a talentedgroup of development professionals who I trusted implicitly withoverseeing the portfolio of projects both in Florida andCalifornia."