Kennedy Lewis makes $50M investment into Douglas Elliman
With the investment, Kennedy Lewis co-founder and Co-Managing Partner David Chene will join Douglas Elliman's board. Douglas Elliman also released preliminary Q2 2024 financial results
Eklund | Gomes brings homebuyer in priciest NYC deal since 2022
A penthouse at Central Park Tower on Manhattan's Billionaires' Row has sold to an unidentified international buyer for $115M, making it the first residential sale in the city over $100M in 2 years
by Lillian Dickerson Jun 20
Douglas Elliman released from buy-side lawsuit known as Batton II
The case still names Compass, eXp, Redfin, Weichert Realtors and United Real Estate Group as defendants after Howard Hanna was previously released
by Taylor Anderson Jun 12
Oren Alexander accused of sexual assault and rape in NY lawsuits
The luxury broker and his twin brother, Alon Alexander, have been named in 2 separate lawsuits filed in New York County Supreme Court. The incidents allegedly took place in 2010 and 2012
by Lillian Dickerson Jun 10
High-end condos, co-ops bright spots for Manhattan in May
The Hamptons luxury market also performed well across both single-family homes and condos, according to Douglas Elliman's new signed contracts report
The Hamptons embraces monochrome design this summer
Plays on black and white color schemes, both inside and out, seem to be popping up everywhere on listings in the Hamptons this summer. Here's how a few homes have channeled the trend
by Lillian Dickerson May 30
Are New York's famously uptight co-op boards starting to chill out?
These 'dinosaurs' of New York City's luxury market are on the cusp of modernizing, agents told Inman. Savvy buyers who get in now can still invest while prices are relatively undervalued
by Lillian Dickerson May 24
Eklund | Gomes Team: 'Don't put all your eggs in one basket'
In the past few years, the team has expanded its business deeper into the Miami market and continues to expand across the US to protect itself against market downturns
by Lillian Dickerson May 21
Home on private island in Palm Beach sells for record $150M
The sale marks a new record for lakefront properties in Palm Beach. Developer Todd Michael Glaser renovated and expanded the estate, at one point marketing it for more than $200M
by Lillian Dickerson May 21
A Bay Harbor Island home in Miami sets new $21.95M sales record
Shock-Gard CEO Matthew Bullock and his wife are the buyers of the spec home. The sale bests a previous record set last month by Brazilian race car driver Claudio Dahruj's home purchase
by Lillian Dickerson May 16
Court grants preliminary approval of settlements with firms in Gibson
The court has granted plaintiffs' motion for preliminary approval of settlements proffered by Compass, The Real Brokerage, Realty One Group, At World Properties and Douglas Elliman
by Lillian Dickerson Apr 30
Joan Didion's former NYC apartment sells for $5.4M
The Upper East Side apartment has sold more than a year after hitting the market. The late writer and her husband, John Gregory Dunne, bought the property in 1988
by Lillian Dickerson Apr 30
Douglas Elliman settles commission suits for up to $17.75M
The proposed deal would resolve antitrust claims brought by homesellers but not homebuyers
by Andrea V. Brambila Apr 29
Sitzer | Burnett judge consolidates 2 nationwide commission suits
The Gibson and Umpa cases allege Berkshire Hathaway Energy, eXp, Redfin, Weichert, United Real Estate, Douglas Elliman, HomeSmart and others conspired against homesellers nationwide
by Andrea V. Brambila Apr 25
Riley Warwick on Aspen's ultra-hot market and that $108M sale
Warwick recently double-ended Colorado's first-ever, 9-figure sale in the representation of an off-market home on Aspen's picturesque Willoughby Way. He shared what makes the market so hot
by Lillian Dickerson Apr 19
'RHONY's' Erin Lichy heads to Compass to launch new team
The reality TV star has left the Eklund Gomes Team at Douglas Elliman to start the Erin + Alex Team at Compass with Alexandra Hedaya. It will operate in New York, the Hamptons and Florida
by Lillian Dickerson Apr 19
Media mogul Barry Diller sets new record in $45M Miami Beach deal
Diller's purchase of the 1.5-acre lot with 200 feet of waterfront marks a new price record for the exclusive North Bay Road. Previously, the storied Whitehall Mansion was located on the lot
by Lillian Dickerson Apr 15
Top South Florida agent Danilo Tavares leaves Elliman for Corcoran
Tavares closed $90M in sales volume in 2023 and co-listed that same year 12 Indian Creek, which was purchased by Amazon's Jeff Bezos for $79M, Inman has learned
by Lillian Dickerson Apr 11
$110M Aspen mansion primed to set Colorado record
The seller of the 4.5-acre property at the base of Red Mountain is Canadian former NHL player Patrick Dovigi. Ex-casino mogul Steve Wynn and financier Thomas Peterffy are buying the home
New commission lawsuit in New York may draw FTC attention
The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied
A man is the face of SERHANT., but the firm is powered by women
You probably know Ryan Serhant and Josh Team pretty well, but how about the firm's female leaders who are helping to drive it to success? Here's an introduction
by Lillian Dickerson Mar 25
Who's out: The brokerages not covered in the NAR settlement
More than 90 brokerages would not be covered under the $418M deal, though most have the option of buying in
by Andrea V. Brambila Mar 20
Richard Hottinger and team flip-flop back to Corcoran Group
The high-ranking team returns to Corcoran after a recent 1-year stint at Douglas Elliman. Hottinger said Corcoran is 'home' to the team
by Lillian Dickerson Mar 18
Douglas Elliman doles out Ellie awards for top NYC producers
Douglas Elliman unveiled its annual Ellie Awards this week, singling out brokers who performed well despite challenging economic conditions
by Ben Verde Mar 18
Coldwell Banker Warburg recruits Compass, Elliman luxury vets
Kathy Kaye and Lorraine Baker each have about 2 decades of industry experience and bring roughly $200M each in career sales volume to the firm, Inman has learned exclusively
Harry Macklowe asks $38M for 'unlivable' Hamptons home
The all-white mansion on the shores of Georgica Pond boasts 951 feet of frontage on the exclusive waterfront — but can't legally be lived in
by Ben Verde Mar 4
Beverly Hills spec mansion nets $30.1M in discounted sale
The property, sold by developer Adnan Sen, first hit the market for $39.9M in 2020. It includes a 9-bedroom main house, 1-bedroom guesthouse, a pool and a 10-car gallery garage
by Lillian Dickerson Feb 28
Nevada homeseller files yet another commission lawsuit
Angela Boykin is suing over a home sale from 2022. Her case is the 2nd such recent lawsuit out of Nevada and adds to the growing number of cases that have followed the Sitzer | Burnett verdict
by Jim Dalrymple II Feb 20
Top brokers and Trump attend Alex Witkoff's Palm Beach wedding
The star-studded event held at The Breakers featured guests like Fredrik Eklund, John Gomes, Howard Lorber, Don Peebles and Oren Alexander, as well as former President Donald Trump
by Lillian Dickerson Feb 12
Luxury prices and cash buyers hit a new high to close out 2023
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market
New York-based David Rosen and team join SERHANT.
Rosen's team includes 7 additional real estate agents and one administrator, according to an announcement. Their move to SERHANT. comes as brokerages battle over top talent
by Jim Dalrymple II Feb 2
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