Ultra-luxury sales show resilience, up 3.9% from last year
Ultra-luxury sales in coastal enclaves and ultra-luxury hotspots bolstered sales beyond those of last year, according to a report released by Compass this week
by Richelle Hammiel Aug 8
LA nets biggest deal yet this year at $62.8M for spec mansion
The European-style home is located in the Hollywood Hills' coveted Bird Streets. The sale marks a breakthrough for a market that's been crippled by high interest rates and a mansion tax
by Lillian Dickerson Apr 15
Max Azria's former estate heads to auction 9 years after first listing
A no-reserve auction with Concierge Auctions is scheduled for May 9-May 23. The estate is also being listed by Branden and Rayni Williams of The Beverly Hills Estates for $55M
by Lillian Dickerson Apr 12
Newcastle Courtyards persists in court challenge to Measure ULA
The group filed a brief with the U.S. Court of Appeals for the Ninth Circuit, requesting the court overturn the dismissal of their lawsuit seeking to end the transfer tax on sales priced $5M and up
by Lillian Dickerson Apr 10
What to expect on 'Buying Beverly Hills' Season 2
Agent rivalries, a transitioning market, family drama and a new mansion tax are just some of the key challenges that cast members will face on the reality TV show in its new season
by Lillian Dickerson Mar 22
EXCLUSIVE: Look inside an $18M mansion from 'Buying Beverly Hills'
An eye-popping property owned by celebrity plastic surgeon Dr. Paul Nassif will head to auction during Season 2 of the reality TV show. Will it command the desired price? An exclusive first look
by Lillian Dickerson Mar 21
In ‘shocker’ of a vote, Chicago transfer tax hike headed for defeat
The key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100M through a tax hike on real estate sales
by Taylor Anderson Mar 20
Illinois Supreme Court says Chicago tax hike can move ahead
A fiscal watchdog also released a report warning that Chicago leaders may not have studied the issue thoroughly before putting it on the March 19 ballot
by Taylor Anderson Mar 13
Recapping this year's ICNY and the people vs. tech dilemma
Opinion
ICNY 2024 was a comprehensive and robust gathering of real estate professionals, Bobbie Wasserman writes. It echoed the resilience and adaptability of the industry in a challenging time
by Bobbie Wasserman Feb 1
Mauricio Umansky
The founder of The Agency is part of a team launching the American Real Estate Association as NAR continues to face criticism and legal trouble
by Jim Dalrymple II Jan 24
Ariana Grande sells Hollywood Hills pad to Bad Bunny at a loss
The pop star sold the secluded home to Bad Bunny in an off-market deal for $8.3M, well below the $8.9M she paid for it in 2021
by Lillian Dickerson Jan 16
Riding a Golden Globes high, Emma Stone lists LA house for $3.995M
The actor, who recently won a Golden Globe for her performance in Yorgos Lanthimos' 'Poor Things,' is selling a gated, Spanish-style home in LA's Comstock Hills neighborhood
by Lillian Dickerson Jan 16
The 31 biggest residential deals of 2023 commanded $50M or more
New York City and Palm Beach, Florida, shouldered the greatest number of high-end luxury transactions in 2023. Marred by its loathed new mansion tax, Los Angeles failed to make the cut
by Lillian Dickerson Dec 29
Kanye West asks $53M for windowless home sans electricity
West has abandoned a remodeling job on the Tadao Ando-designed property after getting sued by a live-in contractor and caretaker in September for allegedly forcing him to work 16 hours per day
by Lillian Dickerson Dec 21
What other cities can learn from LA's rocky 'mansion tax' rollout
LA's new tax on high-priced property sales has been a drag on the real estate industry while raising far less revenue than the city expected, an Intel analysis suggests
by Lillian Dickerson Nov 29