Russian billionaire’s penthouse among top Manhattan contracts

Penthouses asking $45 million and $39 million topped Manhattan luxury contracts during the week ending Nov. 17, according to Olshan Realty’s weekly luxury report. A total of 37 contracts were signed on properties priced $4 million and up. Continue reading

Corcoran Group enters nation’s capitol with new franchise

In welcoming Corcoran McEnearney to its network, the brand grows the number of Corcoran-affiliated agents by nearly 10 percent. The new company will have offices in D.C., Maryland, Virginia and West Virginia. Continue reading

The ‘luxurification’ of the West faces its growing pains

As “Yellowstone” sunsets this year, Inman took a look at some of the factors that have contributed to the “luxurification” of Western resort towns and asked agents about finding market balance for the haves and have-nots. Continue reading

Corcoran Group welcomes first Mexico-based franchise in Baja

Corcoran The Baja Real Estate Co., owned and led by Blake Harrington, has joined the brokerage’s network and will serve the greater Cabo San Lucas market. Continue reading

Anthony Hitt to step down as CEO of Engel & Völkers Americas

Stuart Siegel, the Americas chief strategy officer, will serve as interim president and CEO until a permanent replacement has been found for Hitt, who has served with the luxury brand since 2010. Continue reading

After selling Tadao Ando home, Ye snags $35M Beverly Park pad

Ye’s new mansion spans about 20,000 square feet and sits on about seven acres. The property last sold for $24.5 million in 2022. Continue reading

Side files restraining order against Alexander brothers in new action

The temporary restraining order alleges that Tal and Oren Alexander moved the underlying collateral on a loan that the firm extended to Official Partners two years ago in a potential attempt at “dissipating the assets.” Continue reading

Wendy Davis joins Coldwell Banker Realty as branch manager

Davis and her team, the Wendy Davis Group, join the firm from eXp Realty. Davis will manage operations at Coldwell Banker Realty’s Sherman Oaks and Studio City offices. Continue reading

Fathom Holdings’ revenue drops 10% as market challenges linger

The company’s Q3 revenue clocked in at $83.7 million while net losses rose to $8.1 million as Fathom faced an uncertain market and dealt with expenses related to a $3 million NAR settlement contingency. Continue reading

EXp posts modest revenue gain, reaching $1.2B in 3rd quarter

The virtual brokerage grappled with losses as it paid out its settlement in antitrust commission lawsuits and increased agent losses in a bid to offload less productive agents from the platform. Continue reading