Compass takes over sales from Corcoran at NYC ‘condop’ building

After selling eight out of its 13 units, the condop, a building comprised of condominiums and co-op units, at 1228 Madison Avenue is bringing on a new real estate brokerage to finish the job. Continue reading

Rhode Island’s Kirk | Schryver Team joins Compass

The team is No. 1 by sales volume in Bristol County and Barrington, Rhode Island, according to MLS data and was ranked the No. 2 small team by sales volume by RealTrends in 2021. Continue reading

Holy political fix, Batman! Compass broker at center of Batmobile probe

Broker Sam Anagnostou allegedly used political connections in San Mateo County, California, to press criminal charges against an automaker he accused of failing to deliver a $210,000 replica Batmobile. Continue reading

Deals will hinge on negotiations this fall. Here’s how buyers’ agents win

“There was no negotiation over the last couple of years,” Max Stokes of Compass says. But that’s beginning to change — gradually. With a few tips, buyers can prevail at the negotiating table. Continue reading

Luxury home sales plunge to 10-year low, surpassing COVID levels

Luxury home sales in the U.S. dove by 28.1 percent year over year during the three months ending Aug. 31, 2022 — eclipsing the 23.2 percent drop in luxury sales at the height of the pandemic — Redfin data shows. Continue reading

Compass lays off more workers, with technology department hit hardest

Compass laid off a significant chunk of its technology team, according to press reports that appeared to suggest hundreds of jobs slashed. This is the second round of layoffs this year. Continue reading

Swanepoel says this company is still ‘the 800-pound gorilla’ in real estate

Several newer brokerages have made big strides. But real estate executive Stefan Swanepoel says one established juggernaut still looms large: The holding company formerly known as Realogy. Continue reading

Kim Kardashian lists 2 California homes in the same week

The reality star and businesswoman is offloading homes purchased during her marriage to Kanye West. On Sept. 6, she relisted an apartment for $3.5 million, and on Sept. 8, she listed an estate for $5.3 million. Continue reading

Real estate companies dip as stock market tallies worst day in 2 years

Real estate stocks fell on Wall Street, too — though even before the carnage they were already hovering near all-time lows. Continue reading

Sale of 290-acre estate breaks records in New York’s Hudson Valley

The property, known as Steen Valetje, was sold to an unknown buyer by owner Suzy Welch, wife of the late former General Electric CEO Jack Welch, for $18.5M. Continue reading