Adam Levine buys Rob Lowe’s former Montecito estate for $52M

Rob Lowe and his wife purchased the land for the home in 2005 and built on it a 10,000-square-foot mansion in the style of the Virginia countryside. The property sold for $44.5 million in 2020. Continue reading

Serhant. to launch new office in the Hamptons this summer

The new office location, “Serhant. House Hamptons,” is expected to open in summer 2022 and will help bolster the firm’s existing operations in the luxury market outside of New York City. Continue reading

A record-breaking new build in the Panhandle: The moves behind the transaction

Engel & Völkers’ Beau Blankenship says he attributes selling a mid-construction home at a record-breaking price point in the Florida Panhandle to having a strong network, acquiring a good share of listings in his market, and representing a unique … Continue reading

Century 21 adds luxury franchise in Chicago’s greater North Shore

Global franchise Century 21 has added a new luxury franchise office to its ranks in Northfield, Illinois, that will serve the village of Northfield and the entire North Shore market, the brand announced on Thursday. Continue reading

Long & Foster joins the Forbes Global Properties network

Long & Foster will represent Forbes Global Properties in the Washington, D.C., region, as well as parts of Maryland, Virginia, Delaware, New Jersey and Pennsylvania, as the newly founded luxury real estate marketplace continues its expansion. Continue reading

Pacaso, Engel & Völkers partner to formalize co-ownership model

Luxury real estate brand Engel & Völkers and second-home co-ownership platform Pacaso have formally partnered to promote the sale of homes branded as co-owned luxury properties. Continue reading

Top Dallas Christie’s team moves to Compass

The luxury, commercial and rural land sales-focused Ulterre team brought in $387 million in total sales volume in 2021, 10 transactions of which were priced at $10 million or greater. Continue reading

How luxury clients may be impacted by Biden’s wealth tax proposal

The “Billionaire Minimum Income Tax,” as outlined in Biden’s proposal, would require households worth more than $100 million to pay a tax of at least 20 percent on both their income and any unrealized gains — including real estate. Continue reading

Land sales in the metaverse: How real estate professionals are embracing the shift

In this new type of land ownership, real estate professionals will have to consider changing or adapting the way they sell or market real estate. Here, three pros share their insights and predict what’s next. Continue reading

Jeffrey Epstein’s pair of private Caribbean islands seeks $125M

The two islands, which occupy more than 230 acres altogether, were a significant part of Epstein’s robust international property portfolio. Continue reading