Luxury agents signal cautious optimism in second half of 2024

Elections, interest rates and tax policies all may impact the luxury market for the remainder of the year, according to midyear reports from Christie’s Real Estate and Sotheby’s International Realty. Continue reading

Alexander brothers rape allegations draw scrutiny from FBI

Women who claim to be victims of the Alexander brothers, or witnesses to alleged assaults, have been approached by agents from an FBI task force, “The Wall Street Journal” reported Tuesday. Continue reading

Patrick Carroll released by LAPD on Wednesday following arrest

The multifamily investor has had a number of encounters with police in Miami and LA in recent months in response to disorderly behavior involving guns, as well as DUI and allegations of assault. Continue reading

Luxury goes global: Paris Olympics, visas and the rise of ‘set-jetting’

From Golden Visa availability to the 2024 Paris Olympic Games and a trend favored by the rich that proves all the world’s a stage, luxury real estate is going international in a big way this summer. Continue reading

Cape Cod estate in Osterville sells for a record $22.75M

The estate bested the area’s previous home sales record of $20 million, which was set in 2020. It features 280 feet of oceanfront overlooking the Nantucket Sound. Continue reading

Kennedy Lewis makes $50M investment into Douglas Elliman

With the investment, Kennedy Lewis co-founder and Co-Managing Partner David Chene will join Douglas Elliman’s board. Douglas Elliman also released preliminary Q2 2024 financial results. Continue reading

Jones Fridman International brings on Straser Silicon Valley team

The merger brings on Katy Thielke Straser’s seven-person team and allows Jones Fridman International to expand its market area into Northern California. The team now represents about $25 billion in career sales. Continue reading

Ryan Serhant’s flashy ‘Owning Manhattan’ raises bar for reality TV

The Netflix series focuses on Serhant’s agents and lifts the stakes on real estate-focused reality TV thanks to high production values and sophisticated plotting, reporter Lillian Dickerson writes. Continue reading

Marilyn Monroe’s former home achieves cultural monument status

The home’s current owners, heiress Brinah Milstein and reality TV producer Roy Bank, had hoped to demolish the home and said that instead of selling, they will continue their legal fight against the city of LA. Continue reading

Pending home sales fall by 2.1% in May as buyer demand softens

Elevated mortgage rates continued to curb homebuyer activity in May, NAR reported. As inventory increases in upcoming months, slower home price growth will follow, and likely more buyers hitting the market. Continue reading