New York state and New York City recoup $3M from luxury developer

Heatherwood Communities LLC received tax exemptions on two of their rental properties in Queens and Brooklyn, but failed to pay the buildings’ service employees wages and benefits for over two years. Continue reading

What’s a ‘tornado housing market?’ Hint: You might be in one right now

Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where one home trades hands briskly while a similar property nearby languishes. Continue reading

The Agency launches newest location in The Bahamas

The office marks the company’s 41st global franchise and its third location in the Caribbean, following Turks and Caicos and the Cayman Islands. Managing Director Danny Lowe will lead efforts at The Agency Bahamas. Continue reading

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

Brown Harris Stevens launches a new digital hub for agents, ‘BHSOne’

The in-house-built, internal digital hub includes features like an agent design studio, a video library of educational content, a marketing center, a region-specific document library and more. Continue reading

Inez Wade advances cancer research 1 luxury sale at a time

Since Inman spoke with Wade in January 2017, Penn Medicine’s Abramson Cancer Center, where she established a research endowment, has garnered 18 FDA approvals for new cancer treatments. Continue reading

Gilded Age mansion breaks Fifth Ave. townhouse record in $50M sale

The Beaux-Arts-style townhouse had not traded hands in over 75 years and marks a price record for any townhouse sold on Fifth Avenue, according to Douglas Elliman Realty. Continue reading

Sale of Aspen mansion marks one of the city’s biggest deals ever at $69M

The buyers of Silver Lining Ranch, Meriwether Companies and Revere Capital, intend to rent out the mansion on a nightly basis as a short-term rental. Continue reading

Engel & Völkers Americas promotes NYC leader as chief strategy officer

In this role, Stuart Siegel will identify and manage new areas of growth opportunity, and keep his existing roles as a leader at the brand’s New York City office and as global head of Private Office and Development Services. Continue reading