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. Continue reading

Max Azria’s former estate heads to auction 9 years after first listing

The estate is being listed by Branden and Rayni Williams of The Beverly Hills Estates for $55 million as it simultaneously prepares to head to a no-reserve auction with Concierge Auctions from May 9 through May 23. Continue reading

Bess Freedman says Trump is too late to sell Mar-a-Lago for bond

Mar-a-Lago may be worth hundreds of millions, the Brown Harris Stevens CEO said, but there’s certainly not “enough time” to offload it by Monday when Trump’s $454 million bond is due. Continue reading

Beverly Hills spec mansion nets $30.1M in discounted sale

The property, sold by developer Adnan Sen, first hit the market for $39.9 million in 2020. It includes a nine-bedroom main house, one-bedroom guesthouse, a pool and a 10-car gallery garage. Continue reading

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. Continue reading

Can an LA condo set a $50M record? Agents say, why not?

LA’s luxury condo market has never seen a sales price above $35 million. But some agents say that under the right conditions, a condo could sell for more — and it soon may be just the right time. Continue reading

Pocket listings are thriving 4 years after NAR sought to end practice

Pocket listings are positively overflowing nearly four years after the National Association of Realtors enacted its controversial Clear Cooperation policy to end them, a new Intel analysis shows. Continue reading

35 Hudson Yards still sits half empty 10 years later: Report

Now, about four years after sales first launched, Related Companies is offering price cuts and to cover buyers’ closing costs and taxes among other incentives, to try and move more units as sales lag behind expectations, according to a report. Continue reading

$170M off-market mega-mansion deal sets new Palm Beach record

The off-market deal in the luxury enclave was conducted by a luxury car dealer and the founder of Green Mountain Coffee. It marks a new record for Palm Beach, and becomes one of the priciest deals of 2023 so far. Continue reading

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. Continue reading