Mike DelPrete Intel exclusive: Big brokerages spar in race to cut costs
Opinion
All of the biggest players in real estate are cutting costs, but some are better off than others to weather the storm, Mike DelPrete argues in his first exclusive filing for Inman Intel
by Mike DelPrete Jan 18
Luxury holds steady despite overall Manhattan market slowdown in Q4
As prices and transaction volume both fell in Manhattan's market at large year over year, luxury properties priced at or above $10M still managed to perform well to close out 2022
Here are the 30 most expensive home sales of 2022
The luxury real estate sector faced its ups and downs as the market entered a period of significant transition, but that didn't prevent luxury clients from making some stellar deals
by Lillian Dickerson Dec 30
Eklund-Gomes renews 5-year contract with Douglas Elliman
Fredrik Eklund, John Gomes and Julia Spillman have decided to stay with the New York City-based firm for another 5 years. The group's 90 agents have completed $4B in sales this year
by Marian McPherson Dec 22
Douglas Elliman expands Boston presence with new acquisition
The company announced that it had acquired Bulfinch Boston Realty, which would bring a new six-person team under the Douglas Elliman banner
by Ben Verde Dec 15
'Million Dollar Listing LA': What to watch for on the 'most dramatic' season yet
In this Real Tea, we caught up with Josh Altman to find out what makes Season 14 of 'Million Dollar Listing Los Angeles' worth a watch
by Dani Vanderboegh Dec 9
Tal Alexander censured by REBNY following ethics complaint
REBNY found Alexander guilty of deliberately interfering with Barbara Fox's broker-client relationships and interactions in a 2021 transaction at an Upper East Side condo
All brokerages are entering the winter of real estate: Mike DelPrete
Opinion
Now that earnings are in for the big box brokerages, the anticipated revenue decline is clear. But does it tell the whole story?
by Mike DelPrete Nov 30
Undeveloped Miami-area penthouse asks record price of $90M
A penthouse within a not-yet-developed luxury condo building on Fisher Island is asking $90M, and at that price, the sale would blow previous records for condos in the area out of the water
by Lillian Dickerson Nov 28
Douglas Elliman to expand into nation's capital
Brokers and co-Presidents Ruth Boyer O'Dea and Evan Lacopo will lead the 3 new locations in Washington, D.C.; Arlington, Virginia; and Bethesda, Maryland
by Lillian Dickerson Nov 17
Douglas Elliman releases Elliman Productions video and photo app
Powered by Infinite Creator, Elliman Productions allows agents to capture photos and videos of listings on their smartphones and receive branded and edited content within 24 hours
by Lillian Dickerson Nov 10
Douglas Elliman's revenue declines as luxury inventory shortage lingers
The New York-based luxury real estate brokerage reported consolidated revenues of $272.6M in third-quarter earnings Thursday, compared to $354.2M over the same period in 2021
by Ben Verde Nov 4
British fashion entrepreneurs sell Beverly Hills home for $35.25M
The 6,230-square-foot property sold by British fashion entrepreneurs Tom and Ruth Chapman was put on the market for $42M in June. It's located in the celebrity hotbed of Trousdale Estates
by Lillian Dickerson Oct 31
Carl Lindvall joins Holly Parker Team at Douglas Elliman
Lindvall joins the team from Great Point Properties Christie's International Real Estate where he spent almost 15 years assisting buyers, sellers and renters of luxury properties in Nantucket
by Lillian Dickerson Oct 25
Neoclassical-style townhouse in Manhattan sells for $57M
The sale is just the latest in a number of high-end townhouse transactions in the city in recent months, following on the heels of 2 other $50M townhouse deals
by Lillian Dickerson Oct 18
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
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
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
Broker Spotlight: Don Langdon, Douglas Elliman Palm Beach, Wellington and Jupiter
This week the Broker Spotlight shines on managing broker Don Langdon of Douglas Elliman in Palm Beach County, Florida
by Christy Murdock Sep 29
Development expert on Eklund Gomes Team joins Corcoran Group
Broker Ryan Kaplan has been involved in the sale, leasing, development and financing of over $500M in residential, commercial, retail and industrial real estate assets to date
by Lillian Dickerson Sep 19
The top luxury real estate agents serving Hollywood in 2022
The Altman Brothers, Santiago Arana, Aaron Kirman, Chris Cortazzo, Sally Forster Jones, Joyce Rey and more are featured in this year's list of standout agents from 'The Hollywood Reporter'
by Lillian Dickerson Sep 12
In tug-of-war between New York and Florida, the boss may have final say
Homeowners who fled Manhattan to Florida during the pandemic are responding to pressure from employers to return to offices in New York. Faced with sun and sand, some aren't ready
Wrigley gum heir unloads Aspen mansion for $30M, reports say
The roughly 7,500-square-foot property last sold for $8.4M in 2004. The 4-bedroom home features a gym, a game room, a bar, an outdoor deck and a hot tub with mountain views
by Lillian Dickerson Aug 31
What is 'Barbiecore'? Design trend pretty in pink as 'Barbie' flick nears
The design trend of the moment includes — you guessed it — lots of pink, frills, vintage finds, florals, curvy furnishings and beds evocative of clouds. Barbie wouldn't have it any other way
by Lillian Dickerson Aug 26
Manhattan's luxury market sees worst sales week since Aug. 2020
Signed luxury contracts in Manhattan hit a new low during the week ending Aug. 21, according to a report from Olshan Realty Inc. Luxury agents say there are a number of reasons why
by Lillian Dickerson Aug 26
International buyers are back — and they're eyeing secondary markets
Just as US homebuyers did 2 years earlier, luxury international buyers are rushing to secondary cities with investment potential, including Austin, Boise and... Bentonville, Arkansas?
by Lillian Dickerson Aug 19
Leading Brown Harris Stevens team moves to Douglas Elliman
Jonathan Stein's team was ranked BHS's No. 1 Flatiron office real estate team in 2021, bringing in over $100M in closed or pending contracts. 'Jonathan's record of achievement speaks for itself'
by Lillian Dickerson Aug 18
Larry Ellison lists North Palm Beach oceanfront home for $145M
The move comes a little over 1 year after purchasing the property for $80M, and about 2 months after buying a separate $173M estate in nearby Manalapan from tech entrepreneur Jim Clark
by Lillian Dickerson Aug 17
In earnings twist, most real estate companies avoided the worst in Q2
Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to turn a profit and stave off ruin
by Jim Dalrymple II Aug 8
Douglas Elliman revenue declines in the face of luxury housing shortage
Douglas Elliman's revenue declined in Q2 as the housing market — particularly the luxury sector — struggled with slower activity, the company said in its 3rd earnings report as a public company
Gary Gold, Dottie Herman inducted into Inman Golden I Hall of Fame
Inman Luxury Connect brought out luxury's finest at the Aria Resort and Casino in Las Vegas, rewarding some of the best in the industry on Wednesday with luxury real estate's highest honor
Fredrik Eklund shares how laughter is the best medicine for business
The Eklund Gomes Team members share at Inman Luxury Connect, that friendship and having fun are the foundation for their multi-billion-dollar business
by Marian McPherson Aug 2
'We're in a market of opportunity': Luxury execs share ways to thrive
At Luxury Connect, Sotheby's International Realty CMO Brad Nelson, Engel & Volkers CEO Anthony Hitt and Douglas Elliman CEO Scott Durkin share advice on wielding a market shift
by Marian McPherson Aug 2
Luxury leaders share 6 tips on how to weather the market
Speakers at a panel, 'Take It From Us: Advice from Luxury Professionals Who Have Seen It All' went through a variety of market ups and downs and shared crucial advice at Luxury Connect
The skills these top luxury agents brought to real estate are priceless
From the NFL to the entertainment industry, past work experiences have helped luxury agents gain a valuable leg up in their real estate careers, helping launch them to the top of their field
by Lillian Dickerson Jul 22
Fredrik Eklund and Thomas Ma announce new agent social app
REAL, which so far has been downloaded 147,500 times, is like a mashup of WhatsApp, Instagram and Zillow for agents and consumers, Eklund said, but at 'lightning speed'
by Lillian Dickerson Jul 21
Douglas Elliman starts homebuyer personal assistant platform
The complimentary platform 'Elliman Showroom' will combine the services of a personal assistant with a dashboard of recommended vendors to help clients with the move-in process
by Lillian Dickerson Jul 12
Los Angeles, Manhattan sweep biggest city deals of 2022 (so far)
From Beverly Hills to Billionaire's Row, home sales in LA and NYC towered above normally hot Miami and San Francisco, according to an analysis of the top 10 city deals since October 2021
'Rocky Mountain High': 10 top ranch and mountain deals of 2022 (so far)
Aspen, Colorado, a winter playground for the rich and famous, produced 4 out of the 10 biggest mountain and ranch transactions since October, according to a new analysis by Inman
Top Douglas Elliman agent moves to Berkshire Hathaway HomeServices
Cynthia Keskinkaya brought in over $50M in sales in the past 12 months and brokered almost a half-billion dollars in sales volume over the course of her real estate career
Palm Beach, Malibu clinch biggest luxury beach sales of 2022 (so far)
Palm Beach, Malibu and the Hamptons drew luxury homebuyers seeking more tranquil post-pandemic lifestyles, according to an analysis of the top 10 beach transactions since October 2021
Top Fort Lauderdale agent joins Douglas Elliman
Julie Jones is bringing her specialization in waterfront properties to Douglas Elliman's Fort Lauderdale office
by Ben Verde Jul 1
A Douglas Elliman top agent leaves company, brings team to Sotheby’s
Agent Daniela Sassoun is bringing her team to Sotheby’s International Realty's East Side Manhattan Brokerage. She reportedly closed nearly $30M in sales in 2021
by Daniel Houston Jun 29
Top producing Vero Beach agent joins Douglas Elliman in Florida
After serving the area for a decade, Michael Merrill is known as a top luxury specialist, closing over $600M in sales. He will join the brokerage at its newly opened Vero Beach office
by Ben Verde Jun 22
Millennial art buyers, 'toe dipping' and the return of staycations: 8 summer trends you need to know
The rise of the millennial art collector, testing the waters in a new locale and vacationing closer to home are all trends luxury real estate agents are seeing from their clients moving into summer
by Lillian Dickerson Jun 17
Jason Oppenheim doesn't want to talk about 'Selling Sunset' right now
Inman spoke with Oppenheim Group founder Jason Oppenheim and vice president Mary Fitzgerald about market turmoil, layoffs and the road forward ahead of Connect Las Vegas
by Lillian Dickerson Jun 17
Newlywed Britney Spears secures $11.8M California mansion
Shortly after Spears' wedding last week with actor Sam Asghari, the pop icon's car was seen parked with moving trucks at a recently sold mansion outside LA
by Daniel Houston Jun 15
Sotheby's, Ben Caballero, sweep RealTrends The Thousand rankings
Caballero completed $1.98B in sales volume in 2021, and Sotheby's International Realty boasted the most agents in the individual agent by sales volume category
by Lillian Dickerson Jun 10
Manhattan median rent hits new $4K high, according to report
Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent
Johnny Depp and Amber Heard's former penthouse lists as trial ends
The penthouse unit, atop the Eastern Columbia building in downtown Los Angeles, is 1 of 5 Depp formerly owned while he was married to Heard
by Ben Verde Jun 6
A $100M island sold in 4 months: The moves behind this agent's deal
After Great Island failed to sell, Douglas Elliman agent Jennifer Leahy succeeded where other agents failed by leaning on her network, building community ties and thinking outside the box
Top-earning Juracich Team moves from Elliman to Corcoran
The Catherine Juracich Team, which has brought in $156M in sales volume year-to-date and holds over $70M in open listings, is now affiliated with Corcoran Group's Chelsea office
Surplus of Hamptons summer rentals is leading to price cuts
Americans heading abroad for the summer, former Hamptons renters becoming homeowners and a surplus of inventory have all led to the market's landlords slashing their rental prices
Christie's Rick Moeser joins Douglas Elliman, business development CEO
Moeser has 30 years of experience in the luxury residential realm and most recently served as executive director at Christie's International Real Estate for about 17 years
NYC sting embroils more than 120 companies in fair housing lawsuit
Filed Wednesday, the lawsuit accuses brokerages and property owners of telling renters at risk of homelessness that their vouchers would not be accepted
by Daniel Houston May 26
$55M Billionaires' Row sale among NYC's priciest of 2022
The sale of the 6,300-square-foot unit marks one of the biggest of the year in New York City's luxury market
by Ben Verde May 23
Douglas Elliman sees increasing revenue in Q1 earnings
The brokerage saw its revenues increase 13.2% compared to the same quarter last year, spurred mainly by the luxury market
by Ben Verde May 10
Luxury mansion on site of Manson murders takes $15M price cut
The Los Angeles mansion known as ‘The Cielo’ and designed by Richard Landry, originally listed for $85M in late January. Still unsold in May, the price has been bumped down to $70M
by Ben Verde May 9
From Airbnb to Zillow: How real estate is dealing with Ukraine crisis
As US businesses withdrew from Russia, Inman surveyed the nation's top real estate companies. Read on to see how 23 of the industry's most notable companies have responded to the conflict
by Ben Verde May 5
Corcoran lands top spot in first-ever UrbanDigs NYC brokerage rankings
Corcoran took the top spot in Manhattan and Brooklyn with $2.54B in signed contracts, with Compass following close behind, according to the firm's inaugural NYC quarterly report
by Lillian Dickerson Apr 28
Berkshire Hathaway HomeServices NYC gets 2 new execs
Steven James will serve as the company's CEO, while Brad Loe will work as an executive vice president and director of sales
by Jim Dalrymple II Apr 26
Can buying a home be as easy as pie? KW tapped Domino's engineer to see
KW President Marc King, Douglas Elliman CEO Scott Durkin and Rocket Mortgage EVP Christian Wallace discuss the barriers to creating a fully digital transaction at Inman Connect
by Marian McPherson Apr 20
Real estate reality TV is like 'my life on steroids,' celebrity agents say
Being a celebrity real estate agent isn't as glamorous as it may seem, say agents who have starred on some of real estate's most popular reality TV shows
by Lillian Dickerson Apr 19
Agents, put your phones down
Frances Katzen and Brian Lewis reveal how they got deals worth tens of millions during Inman Connect New York session
by Andrea V. Brambila Apr 19
14 insightful tips for agents looking to save money in their business
From resisting shiny objects (so to speak) to taking advantage of local intern pools, here's how industry experts say agents can save their pennies in an ever-shifting market
by Lillian Dickerson Apr 18
Agent to athletes trades Compass sports division for Douglas Elliman
Denver Bright, known for representing celebrity clients including a few Miami pro athletes, will return as a member of the Sports and Entertainment Division on the Senada Adzem Team
by Ben Verde Apr 12
As supply dwindled, nation's biggest brokerages gained market share
The biggest real estate brokerages and franchise networks made big gains in market share in 2021 and accounted for 61% of home sales, a new report reveals
by Daniel Houston Apr 7
‘New York market remains a juggernaut’ in Q1, condo sales thrive
Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory
Court rejects REBNY bid to toss Compass antitrust suit
The allegations that the Real Estate Board of New York conspired with Corcoran and Douglas Elliman to 'smother' competition move forward
How to skirt the bidding war: Agents share their strategies
In today’s competitive market, houses in all price ranges are drawing multiple offers, leaving many buyers in the lurch and exhausting agents. Here’s how some pros are getting by
by Ben Verde Apr 1
Celebrity agent Kelly Bensimon launches team at Douglas Elliman
The former 'Real Housewives of New York City' star and her 6-person team will mostly operate in New York City, the Hamptons and South Florida
by Lillian Dickerson Mar 28
Douglas Elliman taps Norma-Jean Callahan to lead new development projects
Callahan leaves her current role as senior sales director at Corcoran Sunshine and will work out of Douglas Elliman's Palm Beach and Manhattan offices
by Ben Verde Mar 25
This trait catapulted a 'Million Dollar Listing LA' agent to the top
Inman caught up with Tracy Tutor ahead of her appearance at Inman Connect New York to talk about the importance of confidence and how she broke into the luxury market
by Ben Verde Mar 11
Douglas Elliman sees rising revenue in 1st earnings since spinoff
The earnings report is its first as a stand-alone publicly traded company. Douglas Elliman's spinoff from its parent company was seen as a strategic boon to woo investors
by Ben Verde Mar 1