Corcoran HM Properties acquires Property Shop International Realty

The acquisition will allow Corcoran HM Properties to expand into the coastal market of Wilmington. The firm’s combined footprint now spans more than 160 agents across six offices in North and South Carolina. Continue reading

Douglas Elliman sees revenue tick up in Q2 2024

The company’s improved financial results no doubt came as a sigh of relief, as Elliman faced increasing pressure from shareholders in recent months because of its shaky performance over the past few quarters. Continue reading

Real Brokerage sees new highs in revenue, gross profit during Q2

The cloud-based brokerage saw surprisingly positive second-quarter earnings results during a tough market. Real chairman and CEO Tamir Poleg said the results were a testament to the firm’s business model. Continue reading

Matterport revenue grows, losses improve during Q2

Total revenue grew to $42.2 million during the second quarter of 2024, up from $39.6 million the previous year, as the company worked to increase its market share. Continue reading

Investment firm loses former Trump hotel to foreclosure auction

Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375 million with a $285 million loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt. Continue reading

Mar-a-Lago security crackdown blockades local luxury listings

Following last month’s assassination attempt on former President Donald Trump, a 24/7 road closure is curbing direct access to a number of Palm Beach luxury listings. Continue reading

Barnes & Noble founder finds buyer for $96M Palm Beach home

Just about one month after listing the property with Leonard Moens, Leonard Riggio’s 1.7-acre oceanfront estate in Palm Beach has gone under contract. Continue reading

Patrick Carroll makes LA court appearance amid felony charge

Carroll appeared before LA Superior Court judge Francis Bennett II on Tuesday following his July 1 arrest by LAPD and agreed to waive his rights to be present for court dates in the future. Continue reading

How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali

For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported. Continue reading

‘Reality’ is a misnomer when it comes to real estate TV shows

Ben Belack of “Buying Beverly Hills” and Ernie Carswell of “Kendra Sells Hollywood” shared with Inman Connect Las Vegas attendees the nitty-gritty of being on reality TV. Continue reading