New York passes pied-à-terre tax on luxury 2nd homes
Targeting 2nd homes valued at $5M+, it's projected to generate hundreds of millions annually
by Jessi Healey May 28
New York City real estate
Affordability won't get a foot in the door with the proposed pied-à-terre plan
by Michael Rossi May 13
Oppenheim talks LA mansion tax as NYC weighs pied-à-terre proposal
As LA toys with repealing a luxury real estate tax, NYC considers adopting one of its own
by Jessi Healey May 7
Adam Hofer Hamptons real estate
Find out how this Hamptons agent balances a demanding business with real downtime and how that shapes his approach to his professional and personal lives
by Christy Murdock Dec 24
The 15 priciest home sales of 2025 so far are pretty huge
Properties on this year's list reaffirm that ultra-luxury buyers have little concern over owning homes in areas prone to natural disasters since they have the means to rebuild, if necessary
by Lillian Dickerson Jul 24
Naples estate shatters Florida home sale record with $225M sale
The waterfront estate has become the most expensive residential transaction in state history and the 2nd-priciest in the country
by Richelle Hammiel Apr 28
Byron Allen sells unit inside NYC's 220 Central Park South for $82.5M
The media mogul bought the 6,600-square-foot unit in 2023 for $75M, and has clinched a healthy profit in an off-market deal. He also owns a smaller unit in the building
by Lillian Dickerson Mar 10
Ken Griffin sells Chicago penthouse half price at $11M
The Citadel CEO has been offloading his Chicago properties as he continues to separate from the Windy City and put down more roots in Miami, where he and his company relocated in recent years
by Lillian Dickerson Oct 22
Alexander brothers rape allegations draw scrutiny from FBI
Women who claim to be victims of the Alexander brothers, or witnesses to alleged assaults, have been approached by agents from an FBI task force, 'The Wall Street Journal' reported Tuesday
Billionaires' Row penthouse goes under contract for over $100M
The duplex at Central Park Tower marks one of the rare deals in New York City that has commanded 9 figures in recent years. When it was first listed in early 2023, the unit asked $175M
by Lillian Dickerson Jan 18
Can an LA condo set a $50M record? Agents say, why not?
LA's luxury condo market has never seen a sales price above $35M. But some agents say that under the right conditions, a condo could sell for more — and it soon may be just the right time
by Lillian Dickerson Dec 15
Major real estate players push back against Florida's foreign buyer ban
Lobbying group the Real Estate Roundtable, which represents the interests of investors like Blackstone, is appealing to state legislators to amend Gov. DeSantis' foreign investment ban
by Lillian Dickerson Dec 12
Once-priciest home in US slashes ask by a hefty $55M
The Central Park Tower penthouse, developed by Extell and Shanghai Municipal Investment, initially asked $250M. The property is currently the tallest residence in the world
by Lillian Dickerson Sep 15
The 20 biggest residential real estate transactions of 2023 (so far)
Luxury buyers have been hot on Palm Beach, with 7 of the year's top 20 deals coming out of the luxe South Florida market. Overall, this year's list shows buyers' thirst for trophy properties
by Lillian Dickerson Jul 31
Amid the steel and glass, a warmer, fuzzier Billionaires' Row emerges
As Billionaires' Row continues to reshape Manhattan's skyline one 'supertall' at a time, agents say a new class of buyer is gradually reshaping the demographics of New York's most exclusive block
by Lillian Dickerson Jul 21