Douglas Elliman begins expanding overseas

The boutique luxury firm is starting its global expansion with 14 offices and more than two dozen agents across Bordeaux, the French Riviera and Monaco, with three European luxury property vets to lead the way. Continue reading

Pacaso plans to launch ‘bespoke’ co-ownership mortgage in Q4

A new $100 million credit facility with Texas Capital Bank will enable loans to be originated by a third-party, then securitized and sold to investors in non-qualified mortgages. Continue reading

Why high-end buyers are still spending big on luxury real estate

Wealthy consumers are looking for houses as they seek strategic investments and relative safety amid tumultuous times Continue reading

CoStar advances talks to purchase REA Group competitor Domain

CoStar Group and Nine Entertainment have reportedly begun negotiating the acquisition of Domain, the second largest real estate classifieds firm in Australia behind News Corp-owned REA Group. Nine’s target price is AUD 2.79 billion. Continue reading

Vatican official accused of perjury in $378M real estate lawsuit

After being sentenced by Vatican State Court for embezzlement and fraud, London-based Italian banker Raffaele Mincione is fighting back in UK courts with a countersuit accusing the Vatican of mishandling and mis-documenting funds. Continue reading

Vatican official accused of perjury in $378M real estate lawsuit

After being sentenced by Vatican State Court for embezzlement and fraud, London-based Italian banker Raffaele Mincione is fighting back in UK courts with a countersuit accusing the Vatican of mishandling and mis-documenting funds. Continue reading

WeWork creditors urge consideration of Neumann’s offer

The company’s unsecured creditors seem to be tiring of its piles of debt, and say that to not seriously consider the ex-CEO’s generous bid on the company is “inexcusable.” Continue reading