The Agency launches new market in La Jolla, San Diego
The office marks the company's 63rd location overall and 21st office in the state of California. Mike Schwartz, formerly of Compass, will lead the office's operations as regional manager
by Lillian Dickerson Oct 10
Media mogul nabs one of 2022's priciest listings for $100M
Billionaire media mogul Byron Allen has purchased a Malibu estate for $100M, making the deal the most an African American buyer has ever paid for a home in the US
by Lillian Dickerson Oct 10
8 challenges agents should be ready for when selling a luxury penthouse
From dealing with co-op boards to fixing building code violations, these are the unique challenges luxury real estate agents say frequently arise during a high-end penthouse transaction
New York state and New York City recoup $3M from luxury developer
Heatherwood received tax exemptions on 2 of their rental properties in Queens and Brooklyn, but failed to pay the buildings' service employees wages and benefits for over 2 years
What's a 'tornado housing market?' Hint: You might be in one right now
Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where 1 home trades hands briskly while a similar property nearby languishes
The Agency launches newest location in The Bahamas
This marks the company's 41st global franchise and its 3rd location in the Caribbean, following Turks and Caicos and the Cayman Islands. Managing Director Danny Lowe will lead efforts there
Compass takes over sales from Corcoran at NYC 'condop' building
After selling 8 out of its 13 units, the condop, a building comprised of condominiums and co-op units, at 1228 Madison Avenue is bringing on a new real estate brokerage to finish the job
Inez Wade advances cancer research 1 luxury sale at a time
Since Inman spoke with Wade in 2017, Penn Medicine's Abramson Cancer Center, where she established a research endowment, has garnered 18 FDA approvals for new cancer treatments
by Lillian Dickerson Sep 30
Gilded Age mansion breaks Fifth Ave. townhouse record in $50M sale
The Beaux-Arts-style townhouse had not traded hands in over 75 years and set a price record for any townhouse sold on Fifth Avenue, according to Douglas Elliman Realty
by Lillian Dickerson Sep 29
Sale of Aspen mansion marks one of the city's biggest deals ever at $69M
The buyers of Silver Lining Ranch, Meriwether Companies and Revere Capital, intend to rent out the mansion on a nightly basis as a short-term rental
by Lillian Dickerson Sep 28
Engel & Völkers Americas promotes NYC leader as chief strategy officer
Stuart Siegel will identify and manage new areas of growth opportunity and keep existing roles as a leader at the brand's New York City office and as global head of Private Office and Development
by Lillian Dickerson Sep 27
The agent replied to a fishy email. Then Michael Jackson showed up
Over 5 years, Zar Zanganeh, then a young agent with Las Vegas Sotheby's International Realty, nurtured a relationship with the musician until his death in 2009. In the process, he signed deals for Jackson, Brittney Spears and Prince, whom he was asked to spy on by the King of Pop
by Lillian Dickerson Sep 23
The Vladi Team moves from The Agency to Ryan Serhant's brokerage
The New York-based 3-member team boasts a combined transaction volume of $40M over the past 12 months
by Lillian Dickerson Sep 23
Luxury home sales plunge to 10-year low, surpassing COVID levels
Luxury home sales in the US dove by 28.1% year over year during the 3 months ending Aug. 31, 2022 — eclipsing the 23.2% drop in luxury sales at the height of the pandemic, Redfin data shows
by Lillian Dickerson Sep 22
'Succession' penthouse at Hudson Yards goes for $35M
The 90th-floor unit in the 35 Hudson Yards skyscraper is where fictional character Kendall Roy lives high above the rest of New York City, brooding and plotting his next move
by Lillian Dickerson Sep 20