St. Regis Chicago duplex deal marks priciest of the year for Windy City

The unidentified buyer of units on the 71st and 72nd floors of the Residences at the St. Regis Chicago inked the deal for $20.56 million, a far cry from Chicago’s priciest transaction of all time. Continue reading

The agent replied to a fishy email. Then Michael Jackson showed up

Over five years, Zar Zanganeh, then a young agent with Las Vegas Sotheby’s International Realty, nurtured a relationship with the musician until his death in 2009. In the process, he inked deals for Jackson, Brittney Spears and Prince, whom he was aske… Continue reading

Redfin launches in Hilton Head, South Carolina

In addition to its market expansion, the Seattle-headquartered brokerage also announced that its listing search coverage now encompasses 95 percent of the U.S. population. Continue reading

Luxury home sales plunge to 10-year low, surpassing COVID levels

Luxury home sales in the U.S. dove by 28.1 percent year over year during the three months ending Aug. 31, 2022 — eclipsing the 23.2 percent drop in luxury sales at the height of the pandemic — Redfin data shows. Continue reading

‘Succession’ penthouse at Hudson Yards goes for $35M, reports say

The 90th-floor unit in the 35 Hudson Yards skyscraper is where the fictional character Kendall Roy lives high above the rest of New York City, brooding and plotting his next move against his ruthless father, media mogul Logan Roy. Continue reading

Pacaso co-founders: ‘We’re in the early days of exciting new category’

Pacaso CEO Austin Allison and Board Chairman Spencer Rascoff spoke to Inman about the emergence of a game-changing second-home model on the eve of its launch into a new market in California. Continue reading

Development expert on Eklund Gomes Team joins Corcoran Group

Broker Ryan Kaplan has been involved in the sale, leasing, development and financing of over $500 million in residential, commercial, retail and industrial real estate assets to date. Continue reading

Cash still king as nearly a third of homebuyers spurn costly mortgages 

All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin. Continue reading

The number of US billionaires grew in 2022. Here’s where they live

Not surprisingly, America’s billionaires are largely clumped in coastal cities, according to a new analysis showing where they are located in 2022 and how that changed from 2021. Continue reading