Former Burger King CEO snags $17M Emory Roth penthouse

Daniel Schwartz, former chief executive of Burger King, stepped away from the fast-food giant in 2019. Now, he’s stepping into a $17 million penthouse. Continue reading

OpenAI CEO sues developer over $27M ‘lemon’ he bought in 2020

OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool’s waterproofing and a so-called “Batcave,” according to reports. Continue reading

Aspen Valley Ranch, Colorado property sold in pieces for $47M

Aspen Valley Ranch, previously owned by Tellurian co-founder Charif Souki, has been sold in pieces after hitting the market for $220 million, “The Wall Street Journal” reported on Thursday. Continue reading

LA broker Tyrone McKillen parting ways with Official

McKillen joined the firm in early 2023 to spearhead Official’s expansion into Los Angeles. His departure comes weeks after Official co-founders and brothers Oren and Tal Alexander stepped down in response to mounting sexual assault allegations. Continue reading

11 things to know before launching as a luxury real estate agent

If you’ve been looking to position yourself within the luxury niche, luxury consultant Chris Pollinger writes, the journey will be both challenging and, potentially, rewarding. Continue reading

Nan & Co launches auction division with FasciaBlaster mansion

Houston-based Nan & Company Properties has launched an auction division, with the initial bidding centered on a Friendswood mansion, the company announced. Continue reading

SERHANT. welcomes the True North Team from Compass

The firm also recently brought on former Corcoran Rookie of the Year Eric Shostak, in addition to the top-earning team, Inman has learned. Continue reading

Southernmost home in US hits market for $18.5M in Key West

Built in 1958, the mid-century home is a historical landmark. The estate is owned by Cecilia Joyce Johnson, the widow of late American artist Seward Johnson II, who passed away in 2020. Continue reading

Ultra-luxury agent boomerangs from Compass to Keller Williams

Maria Avellaneda rejoins KWNYC after six years at Compass. She will focus on ultra-luxury transactions and lead the franchise’s luxury market in the Hamptons. Continue reading

Number of foreign buyer purchases falls to lowest point since 2009

As the U.S. dollar’s value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR. Continue reading