BEVERLY HILLS, CA--(Marketwired - Jan 26, 2016) - Teles Properties, one of the fastest growing luxury residential real estate firms in Southern California, is pleased to announce that the firm has been selected to represent the exclusive forthcoming 118 East 59th Street development, one of the East Coast's newest and most luxurious residential projects in New York City funded by Neo Que Yau, the world-renowned Hong Kong real estate investor and founder of Euro Properties. At a launch party held at the Montage Beverly Hills on Thursday, January 21, Teles executives proudly announced the partnership commencement, as well as the Teles agents -- Ernie Carswell, Chaya Van Essen, and Stephany Chen -- who will spearhead the project on behalf of the brokerage.

"This is a distinct honor -- particularly for a West Coast brokerage -- to be selected by an Asian-based group reputed for its global outlook and international reach to market an East Coast-based project," says Peter Hernandez, Teles Properties co-president. "Partnering with Euro Properties, whose projects are located in some of the most sought-after neighborhoods in the U.S., Asia and Europe, is reflective of not only our impeccable reputation but also our unparalleled passion to represent properties of the highest quality in world-class locations our clients will appreciate and enjoy."

The handcrafted, modern urban escape located in the upscale Plaza District of Manhattan was designed from the inside out by SCDA Architects and soars with 40 stories of glimmering glass walls beholding 29 state-of-the-art, single- and multi-floor homes. The sophisticated interiors of the one-, two- and three-bedroom condominiums -- listing from $5-$18 million -- include ten to twenty foot ceiling heights, opulent master baths and multiple exposures that capture extraordinary light and cityscapes, including spectacular views of Central Park and Midtown Manhattan. In addition to the various condominium models, a $38 million penthouse sits atop the impressive development, occupying three stories. 

"As a progressive brokerage leading with intelligence, we diligently research opportunities and therefore are consistently able to thoughtfully develop powerful relationships regardless of location," Hernandez adds. "Thanks to our world-class agents like Stephany, Chaya and Ernie, Teles is able to offer knowledge that spans across continents and decades, including the most extensive list of clientele within the high-end market."

With offices strategically located in California's most prestigious markets, from the highlands of Carmel to the island of Coronado, Teles has become a true industry disruptor. Consistently ranking #1 in highest sales price to list price ratio, highest per agent productivity, and lowest number of days on the market, Teles has experienced explosive growth, from one office and 12 agents producing $20 million in sales in 2007 to 20 offices and 415+ agents generating $2.5+ billion in sales today.

For more information, please visit or contact Taylor Byers at 949.733.8679 ext. 113 or

ABOUT TELES PROPERTIES: Teles Properties is a luxury real estate firm in California, ranked and recognized for three consecutive years by the prestigious Inc. 500|5000 list of the fastest growing private companies in America. Leading with intelligence, the brand brings together the state's most elite and successful agents and provides them with an unparalleled technology platform to simplify and elevate every aspect of a real estate transaction. Headquartered in Beverly Hills with strategic offices located in California's most prestigious markets -- from Carmel to Coronado -- Teles is renowned for its profound local market experience as well as a comprehensive global division that links international investors to properties in the U.S. and around the globe. For more information, go to

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Leslie Licano
Beyond Fifteen Communications, Inc.