Proptechs, polish your pitch decks: Fifth Wall closes record $866M fund

Venture capital firm Fifth Wall Ventures’ fund, the largest ever to focus on real estate technology, will back early- and late-stage proptech companies, including some home renovation innovators. Continue reading

Park City listing is one of the town’s priciest at a pretty $29M

The modern home, designed by architect Wallace Cunningham and constructed from glass, steel and concrete, was named “Cascade” for its structure, which seems to flow down the hillside like a waterfall. Continue reading

Media mogul nabs one of 2022’s priciest listings for $100M

Billionaire media mogul Byron Allen has purchased a Malibu estate for $100 million, making the deal the most an African American buyer has ever paid for a home in the U.S. Continue reading

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 marks a price record for any townhouse sold on Fifth Avenue, according to Douglas Elliman Realty. Continue reading

Venture capitalist Marc Andreessen buys another Malibu pad for $44.5M

Months after buying a separate home down the street for $177 million, Marc Andreessen and wife Laura Arrillaga-Andreessen have purchased a second Escondido Beach home. Continue reading

Koch family unloads Montana ranch to Rupert Murdoch for $200M

Murdoch and wife, Jerry Murdoch, bought the 340,000-acre working Montana ranch from Matador Cattle Co., a subsidiary of Koch Industries, the Wall Street Journal reported. Continue reading

How do male luxury agents stay svelte? Hint: Don’t rule out Spanx

Luxury agents will tell you there’s an expectation to maintain an appearance that evokes a particular lifestyle. Will Spanx for male agents be the next step? Continue reading

It takes LeBron James 16 hours of work to afford a home. Conor McGregor can buy 1 in half the time

Multimillion-dollar salaried athletes like Stephen Curry and Tiger Woods can save up enough money for the average-priced American home within a few hours, a new study shows. Continue reading

Is the Peloton room on its way out?

Peloton sales are down, and homeowners may be turning away from their pandemic exercise rooms, agents told Inman following a lackluster earnings report Thursday. Continue reading

$177M Malibu home sale sets new California record

The sale of fashion mogul Serge Azria’s 7-acre property in Malibu, California, for $177 million, has set a new record in the golden state. The buyer was venture capitalist Marc Andreessen. Continue reading