The ‘luxurification’ of the West faces its growing pains

As “Yellowstone” sunsets this year, Inman took a look at some of the factors that have contributed to the “luxurification” of Western resort towns and asked agents about finding market balance for the haves and have-nots. Continue reading

Ty Warner’s Four Seasons Hotel NY reopens as city’s priciest stay

The hotel is reestablishing itself as the city’s priciest hotel, with rates reaching $80,000 per night for its opulent Ty Warner penthouse suite, the “New York Post” reported Thursday. Continue reading

Compass rolls out second-home-focused network for agents

Compass Resort aims to provide referrals, collaboration and other resources to agents who work with clients focused on vacation properties and secondary homes. Continue reading

Corcoran Group welcomes first Mexico-based franchise in Baja

Corcoran The Baja Real Estate Co., owned and led by Blake Harrington, has joined the brokerage’s network and will serve the greater Cabo San Lucas market. Continue reading

Anthony Hitt to step down as CEO of Engel & Völkers Americas

Stuart Siegel, the Americas chief strategy officer, will serve as interim president and CEO until a permanent replacement has been found for Hitt, who has served with the luxury brand since 2010. Continue reading

After selling Tadao Ando home, Ye snags $35M Beverly Park pad

Ye’s new mansion spans about 20,000 square feet and sits on about seven acres. The property last sold for $24.5 million in 2022. Continue reading

Casa Encantada megamansion sees $30M price cut to $165M

Described by Compass agent Josh Flagg as “one of the finest residences in the United States” in a statement obtained by the New York Post, the home certainly lives up to its reputation. It spans 40,000 square feet across 60 rooms, including 7 bedrooms … Continue reading

Side files restraining order against Alexander brothers in new action

The temporary restraining order alleges that Tal and Oren Alexander moved the underlying collateral on a loan that the firm extended to Official Partners two years ago in a potential attempt at “dissipating the assets.” Continue reading

Howard Lorber disclosed broker relationships in board investigation

In advance of his retirement from the firm, Lorber allegedly underwent a five-hour-long internal inquiry, Bloomberg reported, during which he disclosed intimate relationships with agents Jennine Gourin and Jessica Cohen. Continue reading

Douglas Elliman sees revenue inch upward after tumultuous Q3

New company CEO Michael Liebowitz stressed in an investors call Thursday morning that Douglas Elliman is seeking to diversify its revenue streams and increase ROI as it enters a “new era.” Continue reading