Agents who don't read the contract are committing 'malpractice'
Frances Katzen and Courtney Poulos spoke with moderator Dana Cadena about the importance of buyer brokers, challenges to professionalism in the industry and more at ICNY on Thursday
by Lillian Dickerson Jan 25
SAEZFROMM team joins Douglas Elliman from Corcoran
Since 2013, the team has sold more than $800M in transactions. They were drawn to Douglas Elliman for its company culture and opportunities in new development
by Lillian Dickerson Jan 25
Brokerages must focus on culture, community, connection in 2024
Leaders from Sotheby's International Realty, Compass and Douglas Elliman shared how luxury clients are responding to the market and how their brokerages uniquely support agents
by Lillian Dickerson Jan 25
Kirsten Jordan: Learn to let go to regain control of your life
The 'Million Dollar Listing New York' star had to develop a 3-rule system to keep it all together after being cast on the Bravo show. One of her key tenets? Learning to say no
by Lillian Dickerson Jan 23
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
Court says $200B commission suit against NAR must go forward
A federal court judge denied a request from the defendants to suspend the case pending the outcome of post-trial motions after the Sitzer | Burnett verdict
by Andrea V. Brambila Jan 18
Queens is poised to unseat Brooklyn as hottest NYC borough
A new report from StreetEasy suggests that the World's Borough will be crowned the hottest borough in New York City after a stellar 2023
by Ben Verde Jan 11
Latest homeseller suits in Arizona, New York target commission rules
Class-action complaints filed by Joseph Masiello and Robert Friedman join chorus of litigation nationwide objecting to trade group rules requiring sellers to offer compensation to buyer brokers
by Andrea V. Brambila Jan 11
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
NYC Douglas Elliman agent Tom Cooper dies at 56
A California native, Cooper was a highly successful luxury agent who fell in love with the 'chaos' of Manhattan's architecture before embarking on his real estate career
by Ben Verde Dec 27
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
New commission lawsuit targets REBNY and 26 companies in NYC
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws
by Taylor Anderson Nov 10
Mother of all commission suits filed in Illinois, this time by homebuyers
'Batton 2,' exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another suit called Gibson
Douglas Elliman posts mounting losses, declining revenue in Q3
The New York-based brokerage reported consolidated revenues of $251.5M in Q3, a drop from the third quarter of 2022 when it tallied $272.6M in revenue, according to an earnings call Wednesday
by Ben Verde Nov 8
Sitzer attorney files new suit against Compass, Redfin, others
Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy
Altman Brothers expand to Arizona with Grigg's Group partnership
A new boutique luxury brokerage called Grigg's Group Powered by The Altman Brothers builds on a decade-long relationship the team formed with team leader Scott Grigg, Inman has learned
by Lillian Dickerson Oct 25
Hollywood's top 35 luxury real estate agents, revealed
It takes a highly qualified real estate agent to perform at the level that many celebrities demand. Here are the top ones serving Hollywood today, according to 'The Hollywood Reporter'
by Lillian Dickerson Sep 29
Douglas Elliman fair housing case reveals agent confusion over law
A discrimination lawsuit filed by Shaniqua Newkirk, a Black Section 8 voucher recipient, against several prominent agents has brought to light misconceptions about agent fair housing duties
by Lillian Dickerson Sep 26
Manhattan's 'Devil Wears Prada' townhouse sells for $26.5M
The 7-bedroom 6-story townhouse on Manhattan's Upper East Side spans 12,000 square feet and was listed for $27.5M in May
by Ben Verde Sep 25
Josh Flagg and partners form media company Estate Media
The real estate media company will aim for coverage that bridges the gap between hard, industry-focused outlets and the swath of popular reality TV programs that have hit the industry recently
by Lillian Dickerson Sep 22
Mystery buyer scoops up priciest home in Connecticut for $138.8M
Copper Beech Farm was originally listed for $150M back in February. Despite the cut, the sales price still puts the estate within the 5 most expensive residential real estate transactions of 2023
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
Josh Flagg buys $4.25M Miami home with business partners
The 'Million Dollar Listing' star bought the Mediterranean-style villa with Adam Rubin and Andrew Shanfeld, according to a report. Last year, he bought a $9.2M property in Beverly Hills
by Lillian Dickerson Jul 20
The Agency Dallas adds on several top producers in the region
The office launched in January 2023 and in the last 3 months has brought on 4 big regional names as well as 5 other high-performing luxury agents, according to the luxury brokerage
by Lillian Dickerson Jul 19
Fredrik Eklund swaps coasts in move from Los Angeles to Miami
Eklund also announced that he and husband Derek Kaplan will rent out their Beverly Hills home for $50,000 per month. He cited increased business and his kids' education as key reasons to move
Lesson Learned: Lean in to your differentiators
Learn how this Palm Beach, Florida, top producer turned her childhood interest in real estate into $1B+ in luxury sales
by Christy Murdock Jul 5
California's loathed 'Mansion Tax' falls flat in first full month in effect
Implemented in April on properties over $5M, the ULA Tax was intended to bring in an average of $56M in revenue per month to the city of L.A. During its first month, it brought in just $3.6M
Katzen Team repping Upper West Side townhouse conversion
The leading team at Douglas Elliman has launched sales at the recently renovated Renaissance-Revival building, Inman has exclusively learned. One of the penthouses is already under contract
by Lillian Dickerson May 31
Olympic training, ballet, real estate — now, 'Kendra Sells Hollywood'
Meet McKenzie Ryan. From her Olympic training days to Season 2 of 'Kendra Sells Hollywood,' here’s the Real Tea in her own words
by Dani Vanderboegh May 26
Doug Brown joins Barton Barrett Marshall Team at Douglas Elliman
Doug Brown brings experience as senior vice president of Douglas Elliman Development Marketing to his role in the team as new development specialist, Inman has learned exclusively
by Lillian Dickerson May 24
Movin' out to the country: Billy Joel lists $49M Long Island mansion
The Piano Man has decided to trade out his 26-acre Oyster Bay estate, complete with 2 outdoor pools and a helipad, in favor of spending more time in Florida with his family
by Lillian Dickerson May 15
'Not run of the mill': How 1 agent sold an island to Darien township
A year after the town of Darien, Connecticut, entered into contract to buy Great Island, it finally closed for $18M under the asking price. Here's how Douglas Elliman's Jennifer Leahy got it done
by Lillian Dickerson May 12
Outfoxed! Rupert Murdoch paid 20% over ask for Manhattan co-op
The Fox News founder paid nearly 20% — or $5.2M — above the $30M asking price on the 6,500-square-foot Hampshire House unit he bought in February, according to public records
Luxury agent Taylor Middleton exits SERHANT. for Douglas Elliman
Described as 'one to watch' by Douglas Elliman Executive Chairman Howard Lorber, Middleton will operate out of Douglas Elliman's flagship office in Manhattan, Inman has learned exclusively
by Ben Verde May 4
Lindsay Barton Barrett and Maggie Leigh Marshall team up at Elliman
With Barton Barrett and Leigh Marshall at the helm, the team will work to expand its footprint throughout Manhattan, into North Brooklyn and across the new development market
by Lillian Dickerson Apr 26
Former Douglas Elliman agent launches Miami luxury brokerage
Filippo Incorvaia served with Douglas Elliman 8 years before launching his new brokerage, FI Real Estate, with the aim of making transactions seamless for clients, he exclusively told Inman
by Lillian Dickerson Apr 26
NYC rent soars to all-time high — and it's not done yet, analysts warn
The median rent in Manhattan climbed to a new high of an astounding $4,175 per month, according to Douglas Elliman and Miller Samuel's March 2023 New York City rental report
by Lillian Dickerson Apr 14
Cash deals hit all-time high in Manhattan as sales plummet 38%
The average sale price for a home in Manhattan fell 5% to $1.95M while the median sale price fell 10% to $1.075M, according to a quarterly market report by Douglas Elliman and Miller Samuel
by Ben Verde Apr 4
The LA 'mansion tax' is coming, sending sellers on a sprint to April 1
To make their $5M-plus properties more attractive and move them more quickly, some sellers have been cutting their asking prices precipitously and negotiating other add-ons into contracts
by Lillian Dickerson Mar 31
Fredrik Eklund's REAL Messenger to go public via Nova Vision SPAC
The transaction will have a pre-money enterprise value of approximately $150M at closing, according to an announcement Tuesday. The deal is expected to close in the third quarter of 2023
by Lillian Dickerson Mar 28
Market shift highlights brokerage fundamentals
The recent market shift has been a 'great equalizer,' accentuating the differences among brokerage models and the importance of agent count
by Mike DelPrete Mar 27
Altman Brothers Team signs new contract with Douglas Elliman
The team closed the priciest sale in Orange County last year at $55M and was named the No. 1 large team in the 2023 Ellie Awards. Terms of the multi-year contract were not disclosed
by Lillian Dickerson Mar 24
The Pinnacle Group joins forces with Douglas Elliman
The eight-person team, established by agent Elaine Bannigan, will now work out of Douglas Elliman's new office in Wellesley, Massachusetts, the company exclusively told Inman
by Ben Verde Mar 13
The Nassimi Group hitches its wagon to Douglas Elliman
Formerly an independent brokerage, The Nassimi Group has shed its indie status to become a 10-person team under Douglas Elliman. In 2022, Richard Nassimi closed $80M in sales volume
by Lillian Dickerson Mar 10
Douglas Elliman earnings fall short to close out 2022
The company logged revenue of $207.3M in Q4 of 2022 compared to $334.2M a year earlier, according to an earnings call Friday. The firm has implemented cost-cutting measures
by Ben Verde Mar 10
It's official: New York remains the world's priciest real estate market
More ultra-prime real estate transactions took place in New York in 2022 than anywhere else in the world, according to the 17th annual Wealth Report released Wednesday by Douglas Elliman
by Ben Verde Mar 2
Core's Shaun Osher snatches up landmarked Long Island estate
The real estate brokerage CEO and his wife, Core Chief Operating Officer Brittley Wise, have bought a former working farm that dates back to 1893 for $3.1M, according to reports
by Lillian Dickerson Feb 24